Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a monthlong bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.

Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years.

Ridgemont Equity Partners acquired Munch’s Supply, a wholesale distributor of heating, ventilation and air conditioning equipment and supplies based in New Lenox, Ill., from Rotunda Capital Partners.

DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest cargo-handling and logistics companies

TransForce Inc. said it purchased regional staffing agency USA Drivers, marking the 14th acquisition for TransForce since 2013.

Refrigerated storage company Lineage Logistics of Novi, Mich., said it has agreed to purchase Preferred Freezer Services, a network of temperature-controlled cold storage warehouses based in Chatham, N.J.

Dickinson Fleet Services announced the purchase of Highway Express Trailer Repair Co., a move that expands the company’s trailer repair business in the Chicago-area market.

GTI Transport Solutions has purchased the specialized heavy-haul division of Precision Truck Lines and will move the business to a new location in Brantford, Ontario, where it will continue to operate with the same management and personnel under the name Precision Specialized Inc.

Auto Driveaway, a company based in Lombard, Ill., that supplies drivers to move vehicles for corporations and fleet management firms, is buying J&J Driveaway and J&J Freight Brokers, companies that provide drivers to move heavy-duty trucks.