Becker Logistics Acquires Trek Freight Services
Becker Logistics has acquired third-party logistics company Trek Freight Services, it was announced March 28.
March 28, 2022Chicago 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.
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.
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.
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.
Recent Acquisitions Bode Well for Trucking in 2021
Several recent acquisitions are signaling a robust 2021 for trucking.
2018 Top 100 Private Carrier Rankings: A Disappearing Act and More Mergers
This year’s edition of Transport Topics’ Top 100 Private Carriers list features a disappearing act — more than one, actually — as well as some big mergers in the offing and some new names.
The Jordan Co. Embarks on Logistics Buying Spree
The summer has brought heat to mergers and acquisitions in the logistics sector, led by private equity firm The Jordan Co. moving aggressively to gather several firms under its umbrella.
Knight, Swift Shareholders Approve Merger in Separate Votes
The $6 billion Swift-Knight truckload merger is racing to completion as shareholders of both companies approved the transaction Sept. 7, and the carriers said it would close Sept. 8.
Shippers Express Support for Knight-Swift Merger
Representatives of freight shipping firms are joining trucking analysts in their enthusiasm over the merger between Knight Transportation Inc. and Swift Transportation Co. and generally supporting the prospect of big truckload carriers getting bigger.