Mergers & Acquisitions

Bidding war erupts for TravelCenters franchise
As BP's deal for TravelCenters of America inches closer to closing, a new suitor contends it has a better offer on the table.
March 28, 2023
New TA location
Knight-Swift, U.S. Xpress deal likely passes Go, 'near zero chance' it is a monopoly
Swift Transportation, Knight Transportation, AAA Cooper and U.S. Xpress were at one time individually owned and operated companies, and each were among the top 50 for hire-carriers in CCJ's Top 250 rankings.
March 22, 2023
Knight truck on a Monopoly board
Knight-Swift acquiring U.S. Xpress for more than $800 million
Updated: The combination of two of CCJ's Top 20 for-hire carriers creates a new mega fleet and further solidifies Knight-Swift as a truckload behemoth as it acquires approximately 7,200 tractors and 14,400 trailers.
March 21, 2023
drivers looking at a U.S. Xpress trailer
Tennessee 3PL picks up asset-based carrier
Byland Transportation's 48 trucks and 70 trailers will enhance Sage Logistics’ transportation and logistics services.
March 6, 2023
Four Byland Transportation semi-trucks parked in a row
Big G Express acquires 90-truck Tennessee-based fleet
Nashville-based RTR Transportation is a family-owned, full-service nationwide dry van truckload carrier offering local cartage, warehousing, cross dock, trailer rework, and storage trailers.
March 2, 2023
Big G Express truck
BP acquiring TravelCenters of America for $1.3 billion
TravelCenters of America is set to be acquired by BP for $1.3 billion, who beat out other suitors.
February 16, 2023
Travel Centers of America station
Experts expect M&A in the transportation and logistics industry to thrive in 2023
Despite choppy economic waters in 2022, many M&A deals got done, and that trend is expected to continue in 2023, though the size and structure of deals will differ, along with a shift in the types of company profiles targeted for acquisition.
February 5, 2023
shaking hands
Jones Logistics acquiring Nationwide Express
Mississippi-based Jones Logistics announced it is acquiring 100-truck Nationwide Express. Also: TEC Equipment's Portland location is now a Mack and Volvo Certified EV Dealership; six fleets petition FMCSA for waiver to allow flashing brake lights
February 3, 2023
Jones Logistics truck
R.E. Garrison acquires Georgia-based produce hauler
Boaty's Transport will continue to operate under its own name under the R.E. Garrison umbrella. The acquisition of Boaty’s will bring with it more than 50 tractors and 80 refrigerated trailers.
January 26, 2023
R.E. Garrison truck
ATS Logistics acquired by Charleston port behemoth
ATS will operate as part of the Harbor Logistics platform, the market leader in warehouse and drayage capabilities in the Charleston market.
January 5, 2023
ATS Logistics trailers
Three fleets make acquisition moves
Three fleets in various segments announce expansions. Also: C.H. Robinson CEO Bob Biesterfeld is out. He'd been in that role since 2019 and with the company for 24 years.
January 5, 2023
Tradition Transportation Group trucks
Forward Air expands LTL capabilities with acquisition of Kentucky expediter
Headquartered in Bowling Green, Kentucky, Land Air Express offers a variety of services, including guaranteed, standard, exclusive, same day, hot shot and pickup and delivery.
January 4, 2023
Forward Air semi
United Vision Logistics acquired by private investment group
Louisiana-based United Vision Logistics has been acquired by a Houston-based private investment partnership.
December 29, 2022
United Vision Logistics heavy hauler
Cross-border specialist Outwest Express acquired by Cox Transportation Services
Servicing the Southwestern U.S. with 400-plus trucks, Outwest Express specializes in managing Mexican cross-border logistics.
December 21, 2022
Outwest Express operates a fleet of more than 400 tractors and 1,200 trailers and services more than 300 customers across retail, medical, manufacturing, automotive and electronics industries with terminals in Kansas City, Missouri and McAllen, Texas.
USA Truck parent company prepping for possible sale
DB Schenker could hit the open market. Also: Texas DPS officials are again conducting enhanced commercial vehicle safety inspections at random as they cross international ports of entry into Texas; Old Dominion increasing rates for 2023; more
December 16, 2022
Trucks at Mexico border crossing
Hazmat hauler Heritage Transport acquires Frank's Vacuum Truck Service
Expanding its trucking capacity allows Heritage Transport to take on new opportunities.
December 15, 2022
Heritage Transport truck
Trimble acquiring Transporeon for $1.98 billion
Transporeon's software platform provides modular applications that power a global network for 145,000 carriers and 1,400 shippers and load recipients with an integrated suite of sourcing, planning, execution, monitoring and settlement tools.
December 12, 2022
Transporeon's open platform integrates with more than 3,000 global ERP and transportation management systems, enabling a dense network to facilitate more than 25 million on-platform transports in 2022.
ContainerPort Group parent acquires Pacific Cascade Trucking, other assets
An asset-light provider of 3PL services including drayage, warehousing, transloading, fulfillment and more, Pacific Cascade was currently operates 50-plus trucks and has a 267,000 sq. ft. distribution facility.
December 7, 2022
Pacific Cascade Trucking
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