Latest posts about Merger and Acquisition
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DSV announces acquisitions of S&M Moving Systems West and Global Diversity Logistics
March 21, 2023
DSV said that the objective of these acquisitions are three-fold: to augment its position within the semiconductor industry; align with its new Phoenix-Mesa Gateway Airport operations; and support its growing cross-border services into Latin America. It added that these acquisitions are expected to be made official next month.
Merger and Acquisition Momentum: 2022 Top 20 Warehouses
December 12, 2022
Demand for dry and cold chain warehousing remained strong in 2022 and is expected to continue climbing steadily in 2023. As the sectors continue to evolve, warehouse operators are attracting investor attention,
consolidating, and changing their names.
Werner announces its acquisition of ReedTMS Logistics
November 8, 2022
Omaha, Neb.-based Werner Enterprises, a global freight transportation and logistics services provider and the nation’s seventh-largest truckload carrier, said this week it has acquired Tampa, Fla.-based Reed Transport Services Inc. and RTS-TMS Inc., through the signing of a definitive agreement and closing on the acquisition of 100% of Reed’s stock.
Merger and acquisition craze continues in truckload as Werner adds Baylor Trucking to its network
October 3, 2022
Werner Enterprises, already the sixth-largest carrier in the TL market with $2.7 billion in revenue last year, expanded its terminal, fleet and driver footprint in mid-America by purchasing Milan, Ind.-based Baylor Trucking. Terms were not disclosed.
DB Schenker announces agreement to acquire USA Truck
June 24, 2022
DB Schenker said it will acquire all outstanding shares of USA Truck common stock for $31.72 per share in cash, adding that the transaction values USA Truck at roughly $435 million, including assumed cash and debt.
Report indicates DSV has interest in acquiring C.H. Robinson’s Global Forwarding business
June 21, 2022
The report said that DSV is looking to expand in North America, adding that CHR’s global forwarding business would provide DSV with what it called critical access to trans Pacific ocean trade lanes, with the global forwarding business potentially having a $9 billion price tag.
GXO Logistics and Clipper Plc reach terms on deal, for GXO to acquire Clipper
February 28, 2022
Earlier today, the boards of directors of Greenwich, Conn.-based global contract logistics services provider GXO Logistics Inc. and London-based Clipper Logistics plc, a provider of omni-channel retail logistics services said that they have come to terms on a recommended cash and share acquisition, in which Clipper will be acquired by GXO.
E2open’s acquisition of Amber Road is a done deal
July 3, 2019
Combination facilitates end-to-end management from source to omni-channel fulfillment from one cloud-based solution.
Genesee & Wyoming to be sold to Brookfield Infrastructure Partners and GIC for $8.4 billion
July 2, 2019
A major freight railroad deal was announced this week, with Darien, Conn.-based short-line railroad carrier Genesee & Wyoming (G&W) Inc. set to be acquired by Brookfield Infrastructure Partners, a global infrastructure company in the utilities, transport, energy, and data infrastructure sectors in North and South America, Asia Pacific, and Europe, and investment firm GIC. The purchase price of the acquisition is at around $8.4 billion, including debt, and it is expected to close by the end of this year or...
Descartes announces acquisition of CORE
May 15, 2019
Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings, said this week it has acquired Nelson, New Zealand-based CORE Transport Technologies NZ Limited, an electronic transportation network that provides global air carriers and ground handlers with shipment scanning and tracking solutions.
DSV to acquire Panalpina for $4.6 billion, create a top 5 global 3PL
April 1, 2019
The many moving parts that have been part of the interactions in recent months between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter’s pursuit of the former as an acquisition target, have taken yet another turn, with the companies announcing today that they are going to merge.
Redwood Logistics announces plans to acquire Strive Logistics, in deal between Chicago-based 3PLs
February 19, 2019
Redwood said that upon completion of this deal, it will be a technology-focused, high growth industry leader that is both a top-15 truck broker and an emerging multimodal logistics provider with over $1 billion in freight under management.
FedEx acquires P2P Mailing Limited, move increases global E-commerce portfolio
March 29, 2018
Taking steps to expand its global e-commerce presence, FedEx said this week it has acquired Laindon, United Kingdom-based P2P Mailing Limited, a global e-commerce transportation solutions provider. Supply Chain mergers and acquisitions,
Freight Forwarding: Intermediaries refine the art of “orchestration”
May 2, 2017
While a bevy of high-tech outfits have threatened to disrupt the current freight forwarding marketplace with their digitized offerings, established players are hardly standing still as far as innovation is concerned.
Blockbuster deal in truckload! Knight and Swift to merge to create $6 billion TL giant
April 10, 2017
Consolidation in the $310 billion truckload sector continues with the planned merger of a pair of Phoenix-based TL giants, Swift Transportation and Knight Transportation in an all-stock transaction.