COVID Drives Trucking Industry Consolidation
The economic fallout from the impact of the coronavirus pandemic has prompted a number of carriers to consolidate.
XPO’s Europe Unit Sale Said to Slow as Blackstone Drops Out
XPO Logistics Inc.’s sale of its European supply chain business has slowed after a key bidder dropped out of the process, people with knowledge of the matter said.
November 23, 2020Descartes Bolsters Final-Mile Capabilities With ShipTrack Acquisition
Transportation software firm Descartes Systems Group has purchased ShipTrack, a provider of shipment tracking technology for final-mile carriers, for about $19 million.
Kenan Advantage Group Acquires Canadian Firm Beaulac
Kenan Advantage Group has completed the acquisition of Les Distributions Carl Beaulac Inc., the company announced Sept. 18.
September 18, 2020Canadian Carrier Fastfrate Group Acquires Bestway
Less-than-truckload and logistics company Fastfrate Group has acquired cross-border carrier Bestway Cartage Limited and Bestway Global Limited, Fastfrate announced Aug. 10.
Regency Transportation Acquires S&M Transport
Regency Transportation & Distribution has acquired the assets of S&M Transport of Edison, N.J., the company announced April 13.
Odyssey Logistics & Technology Acquires RPM Consolidated Services
Odyssey Logistics & Technology Corp. acquired full-service logistics and warehousing provider RPM Consolidated Services Inc., the Danbury, Conn.-based company announced Jan. 30.
January 31, 2020Trucking Sees Rise in Acquisitions
The trucking industry has experienced a robust acquisitions market over the past year that shows no signs of stopping.
Mark-It Express Logistics Acquires Spirit Trucking
Mark-It Express Logistics is expanding operations with the acquisition of the operating assets of Spirit Trucking Co., the company announced Jan. 17.
Mountain Valley Express Sold to International Buyer
Mountain Valley Express, a California-based carrier, has been sold to an unidentified international buyer, according to its agent, Affinity Ventures.
November 18, 2019