IMC Logistics has acquired American Pacific Transportation, growing the company’s drayage capacity to more than 500 trucks in California.
Private firm Longpoint acquires 25 commercial logistics warehouses in South Florida for $262 million.
Canadian railway CN is acquiring family-owned Iowa Northern Railway, a 275-mile short-line railroad serving the Upper Midwest.
Canada Cartage, one of Canada’s largest transportation and logistics companies, has acquired Montreal-based GTI Group.
Swiss freight forwarder Kuehne+Nagel has acquired Farrow, a Canada-based customs broker, to expand its offerings across North America.
Toll payment platform Bestpass has acquired Fleetworthy Solutions with the aim of creating a one-stop shop for fleets for tolling, compliance and safety needs.
The freight market downturn has made profitability elusive.
OnLine Transport Inc. acquires 90-truck carrier A/T Transportation in Indiana.
3i Infrastructure-backed Regional Rail is adding Clinton Terminal Railroad to its assets in North Carolina.
Truckstop has acquired FreightFriend, an AI-powered carrier relationship management platform.
Former Celadon subsidiary Jaguar Transportation has been acquired by a consortium of U.S., Mexican investors.
Barnhart Transportation, a Pennsylvania-based carrier with 170 trucks, has been acquired for $53 million by Houston-based SMG Industries.
Mexico-based transporter Traxion has acquired Las Vegas-based BBA Logistics for $10 million.
NFI Industries has acquired warehousing and fulfillment provider SDR Distribution Services in Canada.
Canadian Pacific Kansas City, or CPKC, marked its first day as the merged company of CP and KCS on Friday.
Canadian Pacific laid out who will be in key leadership roles after the company merges with Kansas City Southern in April.
Shippers and others weigh in on the Surface Transportation Board approving the railroad merger of Canadian Pacific and Kansas City Southern.
Atlas Air has apparently cleared the final hurdle for its sale to Wall Street hedge funds.
A year ago, they fought over patent infringement. Now Ouster and Velodyne are one company seeking to win in the overcrowded lidar market.
Inside this edition: A merger or acquisition might be worth considering; big trends in the supply chain world this year; and a cannabis/3PL deal closes.
Trimble is acquiring German transportation management system provider Transporeon for $1.9 billion.
Coupa Software is being acquired by Thoma Bravo in a deal valued at $8 billion.
Atlas Air, a large cargo airline and lessor, is one step closer to becoming a private company after a shareholder vote.
Texas-based chemical transporter Quantix has acquired five carriers, adding more than 140 trucks to its fleet.
Truckload carrier Ascend announced the acquisition of Wisconsin-based Fuchs Trucking, a regional carrier with 96 trucks and 90 drivers. (Photo: Fuchs Trucking)
Promoting competition, Laredo’s rail conversion potential and passenger rail in Louisiana were among the themes explored in the second half of the seven-day hearing proceeding on the CP-KCS merger.
The Surface Transportation Board logged over 25 hours last week to hear from stakeholders about the advantages and drawbacks of the proposed Canadian Pacific and Kansas City Southern merger.
A Canadian whistleblower wants STB to press CP on how it plans to operate its private police force in the U.S. after its merger with Kansas City Southern.
Driver training schools are seeing an influx of those interested in joining the trucking industry.
On Monday, the Iowa-based truckload carrier acquired several assets from the Contract Freighters Inc. (CFI) portfolio
Inside this edition: What is everyone upgrading? … 2021 was the MVP year … More acquisitions in Q3
Canadian Pacific has won clearance from U.S. regulators for its KCS acquisition and has reached a labor agreement with union leaders for train and engine employees.
Mubadala Capital announces acquisition of Ontario-based Canada Cartage, one of the largest carriers in Canada.
Florida-based Patriot Rail plans to acquire Denver-based Pioneer Lines. Both companies operate short-line railroads in multiple states.
Unsure that financially struggling Romeo Power could keep supplying batteries for its electric trucks, Nikola is buying the company.
Senators and two U.S. House representatives from Illinois object to the railway merger between Canadian Pacific and Kansas City Southern as currently proposed, saying the Surface Transportation Board should respond to their constituents’ concerns.
The Surface Transportation Board will conduct a three-day hearing in late September to find out from Canadian Pacific and Kansas City Southern directly about issues related to the railways’ proposed merger.
New leaders, an electrification push and Scania influence mark the first year after the Traton’s $3.7 billion takeover of Navistar.
The STB is sifting through hundreds of pages on the perceived advantages and disadvantages of a merger between Canadian Pacific and Kansas City Southern.
Canada-based Shoreland Transport has acquired Connors Transfer Limited, increasing the company’s fleet to 258 trucks.
German logistics giant DB Schenker on Friday made a big move into the North American trucking market with a deal to acquire USA Truck.
Three commissioners of the Federal Maritime Commission contend a merger between Canadian Pacific and Kansas City Southern would result in diverting U.S.-bound intermodal traffic to Canadian ports.
Freymiller was founded by Don Freymiller in 1968 in Wisconsin. Today the company operates out of Oklahoma City providing reefer services nationwide.
Canadian firm adds truckload carrier with big transborder presence
Truckload carrier P.A.M. Transport will acquire Metropolitan Trucking for $77.4 million, its first purchase in almost 20 years.
CSX has completed its acquisition of New England short line Pan Am Railways. CSX first announced plans to acquire Pan Am in November 2020.
Heartland Express made its first acquisition since 2019 with its purchase of Smith Transport, a Pennsylvania-based truckload carrier.
Meritor’s $201 million purchase of Siemens’ electric propulsion unit is fine with Meritor suitor Cummins.
Omaha-based LGT Transport announced it has acquired Jason Thomas Trucking, a provider of liquid fertilizer transportation in the Midwest.
This FreightWaves Future of Supply Chain chat covers how Unilever considers supply chains, technology and growth in mergers and acquisitions.
Canadian Pacific believes its acquisition of Kansas City Southern is still on pace to receive federal approval sometime early next year.
AOI Capital has acquired 3PL RK Logistics Group, which specializes in e-commerce warehouse and distribution.
The Surface Transportation Board gives the green light for CSX to acquire Pan Am Railways.
CN and three other Class I railroads outlined to the Surface Transportation Board conditions that should be met before the board approves a merger between Canadian Pacific and Kansas City Southern.
Cummins Inc. will buy Meritor for $3.7 billion in a deal that combines traditional and new power components for commercial trucks.
Korean Air’s cargo division is propping up the entire airline with passenger traffic still underwater.
Covenant Logistics Group adopts a $30 million stock buyback plan and acquires AAT Carriers.
Traxens CEO David Marchand says that “known port congestion is only the tip of the iceberg.”
Canadian trucking firm Pride Group Logistics dramatically expands its U.S. presence with the acquisition of Texas truckload carrier Arnold Transportation Systems.
From capital investments to competitive access, issues that CSX has brought before the Surface Transportation Board reflect concerns facing the freight rail industry as a whole.
CN is asking the Surface Transportation Board to require Canadian Pacific to divest KCS’ Springfield Line in Missouri and Illinois to help ensure competition.
Canada Cartage makes its fifth acquisition in the past year as it buys Quebec-based dedicated contract carrier Laurentien Transportation.
Canadian Pacific and CSX want to show federal regulators and the broader public that they have widespread support for their proposed acquisitions.
Canada’s Titanium Transportation Group eyes future growth with the acquisition of Ontario-based carrier Bert and Son’s Cartage.
Cybersecurity and large fleets: Risks of cyberattacks on the rise Cybersecurity is becoming a major topic in trucking due to recent publicized ransomware attacks against motor carriers. Ransomware is a […]
Canadian trucking company Bison Transport has acquired Maine carrier Hartt Transportation Systems in one of its largest U.S. deals.
Trucking trends of 2021: Buying growth, expanding capabilities It’s the end of the year and for the trucking industry, disruption, record profits and new opportunities are all major themes to […]
Maersk is becoming an integrated logistics goliath with the ability to provide freight management, transportation, warehousing and e-commerce fulfillment for big retailers and manufacturers.
Capacity crunch: Competition for carriers brings rising costs, new opportunities Continued freight demand and limited truckload supply are allowing trucking companies to be selective with which loads to take, causing […]
Auxo Investment Partners explains rationale for why it chose to invest in rail service providers.
Canadian Pacific has formally completed its acquisition of Kansas City Southern, and now both companies are waiting for the Surface Transportation Board to approve the merger.
TFI International expands its U.S. temperature-controlled business with the acquisition of Missouri trucking firm D&D Sexton.
Two agencies in Mexico have given their approval of the proposed merger between Canadian Pacific and Kansas City Southern.
Canadian transportation and logistics firm Manitoulin Group expands in western Canada with acquisitions of Diamond Delivery and First Canadian Messenger.
The STB is allowing the merger application of Canadian Pacific and Kansas City Southern to proceed as is, rejecting Union Pacific’s concerns over the application’s completeness.
The railroad says CP’s and KCS’ traffic diversion analysis is incomplete, and so the board should compel CP and KCS to revise its merger application.
Private trucking fleets expand amid soaring spot rates According to a recent National Private Truck Council Report, private fleets continue to expand due to high spot market rates and dwindling […]
Canadian Pacific and Kansas City Southern submit a joint application before the Surface Transportation Board asking to consolidate the two railroads while CN adds a rail and technology expert to its board.
Canadian trucking and logistics firm XTL Group expands into the U.S. with the acquisition of Georgia freight brokerage CBT.
GLS has agreed to acquire Rosenau Transport for $288 million in a deal that creates a freight and parcel network across Canada.
The board affirms its previous approval of Canadian Pacific’s voting trust application.
Pent-up demand is making its way to the surface in 2021; this year has seen an explosion in M&A activity due to the large amount of money available from strategics, private equity and venture capitalists.
The Canada Pension Plan Investment Board has agreed to become the owner of the largest U.S. terminal operator, Ports America, in a deal with Oaktree Capital Management
El mercado para la compra y venta de proveedores logísticos a terceros y corredores de carga está al rojo vivo, según los banqueros de inversión de Capstone Partners, Burke Smith y Nathan Feldman.
Capstone Partners explains why brokerages are so expensive.
CN is seeking to generate CA$700 million in additional operating income in 2022 through cutting labor and operational costs and seeking pricing opportunities.
Expanding intermodal, grain and automotive offerings would be part of the growth strategy pursued by a merged Kansas City Southern-Canadian Pacific.
Kansas City Southern returns to its old flame and opts to merge with Canadian Pacific. Rival railway CN acknowledges its merger plans have been scrapped.
Major CN shareholder TCI Fund Management wants CN’s board to have more operational experience. The company is also still pushing for the removal of CN’s current CEO.
Kansas City Southern is returning to its original merger partner after federal regulators rejected CN’s proposed voting trust, which would’ve been used to acquire KCS.
Canada Cartage makes its fourth acquisition of 2021 with the addition of Rapid Delivery, a Canadian carrier specializing in dedicated domestic and cross-border freight.
Automotive trade platform TRADE X has acquired vehicle export specialist Techlantic after raising $45 million over the summer.
Kansas City Southern shareholders pushed back a vote on whether to approve CN’s merger agreement to Sept. 24.
Stakeholders and observers such as Amtrak, Canadian Pacific and the Vermont Department of Transportation want the Surface Transportation Board to consider placing conditions that would bolster both competitive access and passenger rail service.
Kansas City Southern shareholders must decide whether to continue to pursue merger plans with CN or go with Canadian Pacific.
The Surface Transportation Board rejected CN’s application to establish a voting trust, which would be used as part of the process to acquire Kansas City Southern.
KCS’ board of directors confirmed plans to postpone the shareholder vote on the CN-KCS merger agreement until after the Surface Transportation Board renders a decision on CN’s proposed voting trust.
Cervus Equipment is set to be acquired by Brandt Tractor in a $240 million deal that will take the Canadian Peterbilt dealer private.
Kansas City Southern declined Canadian Pacific’s revised bid, opting to stick with CN. But a shareholder vote to approve the CN-KCS merger agreement could be held off if the Surface Transportation Board doesn’t issue its decision on CN’s voting trust by Tuesday.
“Industry veterans are even surprised by what’s going on right now,” said Moore.
