Two Major Deals Mark Consolidation Trend; Heartland Buys IDC, Daseke Gets Steelman Cos.
Two major truckload carriers have announced purchases, and one of the transactions will unite companies ranked among the Transport Topics Top 100 list of the largest North American for-hire carriers: Heartland Express and Interstate Distributor Co.
July 6, 2017Heartland Buys Interstate Distributor From Saltchuk for $113 Million
Heartland Express Inc. has purchased Interstate Distributor Co. from owner Saltchuk Resources Inc. in a $113 million deal that is the latest in a flurry of mergers and acquisitions in 2017.
July 6, 2017Radiant Logistics and NFI Make Canadian Purchases
The new year began with two acquisitions from U.S. third-party logistics providers looking to increase their business in Canada.
January 5, 2017IMC Cos, American Fast Freight Make Acquisitions
Intermodal specialist IMC Companies and freight forwarder American Fast Freight are the latest freight companies to announce acquisitions.
July 7, 2016Absolute Worldwide Completes Acquisition of Shipmymachinery.com
Absolute Worldwide Logistics, a provider of multiple third-party services, announced the completion of the acquisition of Shipmymachinery.com, which specializes in managing oversized equipment shipments.
September 28, 2015Cline Wood Agency Sold to Marsh & McClennan
Marsh & McLennan Agency, a unit of global insurer Marsh, announced the acquisition of trucking and commercial agriculture's Cline Wood Agency, a Kansas City-area company.
August 4, 2015Descartes Makes Two Acquisitions for $87.5 Million
Descartes Systems Group, a Canadian logistics services provider, is acquiring BearWare Inc. and MK Data Services for a total of $87.5 million.
July 24, 2015TransForce Buys Davis Transportation Services, Another Driver Sourcing Firm
TransForce Inc. has acquired Davis Transportation Services, another driver staffing company.
April 20, 2015Ingersoll Rand Completes Frigoblock Acquisition
Ingersoll Rand has completed its previously announced acquisition of Frigoblock, a European manufacturer of transport refrigeration units, for 100 million euros (about $108 million).
March 9, 2015Trucking, Logistics Acquisitions Expected to Continue in 2015
The hot 2014 trucking and logistics acquisitions market is likely to continue this year, driven by fleets’ need to secure capacity, rising economic expectations and a flood of available cash to pay for deals, analysts said.
March 9, 2015