Mergers News Updates

BusinessLogistics

Becker Logistics Acquires Trek Freight Services

Becker Logistics has acquired third-party logistics company Trek Freight Services, it was announced March 28.

March 28, 2022
BusinessLogistics

Chicago Commuter Rail System Opposes Proposed CP-KCS Merger

One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.

March 25, 2022
GovernmentBusinessLogisticsTCA

CSX Purchase of Pan Am Railway Gets Federal Hearing

Massachusetts DOT told federal regulators overseeing the potential purchase of Pan Am Railways by competitor CSX that the state needs CSX to guarantee track access for east-west passenger trains through Springfield.

January 10, 2022
BusinessTechnologyEquipmentLogistics

How Software Helps Enable Industry Consolidation

The trucking industry has undergone further consolidation amid a surge of acquisitions, and software has enabled much of that.

December 23, 2021
BusinessLogisticsTop 100

Strong M&A Market Continues

Trucking is continuing to see an active mergers and acquisitions market with several deals recently announced.

November 10, 2021
BusinessLogistics

Trucking Acquisitions Show No Signs of Slowing Down

The deal market in the trucking industry is heating up as buyers and sellers look to make moves amid a confluence of factors that are driving activity, experts said.

October 7, 2021
BusinessLogisticsBreaking News

GlobalTranz, Worldwide Express Announce Merger

GlobalTranz Enterprises and Worldwide Express are merging in a deal announced June 11, bringing together two non-asset-based providers of logistics services.

June 11, 2021
GovernmentBusiness

Canada Sees Record First Quarter for M&A

Mergers and acquisitions are off to their fastest start to a year ever in Canada, driven by a combination of cheap financing for buyers, high valuations for sellers and an improving economic outlook that’s encouraging companies to make major moves.

March 31, 2021
BusinessTechnologyFuelAutonomous

Xos to Go Public and Expand Battery-Electric Vehicle Production

Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.

February 22, 2021
BusinessLogisticsTop 100

Recent Acquisitions Bode Well for Trucking in 2021

Several recent acquisitions are signaling a robust 2021 for trucking.

January 13, 2021