transportation M&A

Knight-Swift Transportation acquires less-than-truckload carrier AAA Cooper in a deal valued at $1.35 billion.

Transportation and logistics provider Werner Enterprises announced it has acquired an 80% equity stake in ECM Transport Group for $142.4 million. Werner has the option to purchase the remaining 20% of the 500-truck fleet after five years.

Third-party logistics provider FitzMark announced its fifth acquisition, this time picking up the brokerage operations of truckload carriers Riverside Transport and Transco Lines.

E-commerce fulfillment provider Transportation and Logistics Systems has reached an agreement to acquire SalSon Logistics for $90 million. However, the deal doesn’t yet have financing in place.

Heyl Truck Lines announced the acquisition of Holiday Express. The deal combines two Iowa-based temperature-controlled haulers.

Forward Air announced it has entered an agreement to acquire expedited transportation and less-than-truckload provider J&P Hall Express.

Flatbed transportation and logistics provider PS Logistics remains on the acquisition trail, purchasing the assets of Indiana carrier Jason Jones Trucking. The tuck-in deal allows JJT to keep operating under its own name.