Electric Last Mile Solutions Said to Be in Merger Talks
Electric Last Mile Solutions, an electric vehicle startup, is in talks to go public through a merger with Forum Merger III Corp., according to people with knowledge of the matter.
Wabtec Merger Complete as Strike Threat Hangs Over GE Plant
The merger of GE Transportation, one of the original business units of the General Electric Co., and Westinghouse Air Brake Technologies Corp. is complete as of Feb. 25.
February 25, 2019Transporeon Group, TIM Consult Plan to Merge
Transporeon Group and TIM Consult GmbH announced plans to merge in an effort to provide a broader portfolio of logistics consulting and procurement services for shippers.
September 5, 2018Wabtec to Merge With GE Transportation
GE Transportation, a foundation piece of the company built by inventor Thomas Edison, a business founded in Erie, Pa., and based there for most of its 110-year history, is merging with another Pennsylvania company in a deal worth $11.1 billion.
Drive Train Industries, Inland Truck Parts Announce Merger
Two longtime employee-owned rivals have signed an agreement to merge after working independently in the truck parts and service business since the end of World War II.
April 30, 2018Seldat Distribution Merges With Oceanstar Express Co.
Seldat Distribution, a warehousing and distribution firm based in South Plainfield, N.J., has added ocean and airfreight forwarding and port drayage to its service offerings following a merger with California-based Oceanstar Express Co.
March 26, 2018The World’s Shipping Companies Are Going Super-Sized
A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis - the bankruptcy of South Korea’s Hanjin Shipping Co.
Video: Will Knight-Swift Merger Catch Feds' Interest?
Will the planned merger of Knight Transportation Inc. and Swift Transportation — one of the trucking industry's largest mergers ever — catch the attention of federal antitrust regulators? Watch as TT Senior Features Writer Daniel Bearth provides his take on that question for colleague Eugene Mulero.
April 18, 2017Knight, Swift Plan Merger
A merger of Knight Transportation Inc. and Swift Transportation Co., two of the nation’s largest trucking companies, is expected to trigger a historic move to consolidate the truckload freight sector, industry analysts said last week.