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.
Port Operator DP World Buys Syncreon in $1.2 Billion Deal
One of the world’s largest port operators, DP World, said July 1 it had acquired American logistics firm Syncreon Holdings in a $1.2 billion deal, the latest investment as the maritime company pushes to expand farther afield.
July 1, 2021Diesel Forward Acquires Dipaco
Diesel Forward is expanding its diesel fuel systems services by increasing its repair parts offering with the acquisition of Dipaco.
January 14, 2021Clarience Technologies Acquires Ecco Safety Group
Clarience Technologies announced it acquired Ecco Safety Group, which has nearly 50 years of experience in research, design, development, manufacturing and distribution of emergency lighting and audible warning equipment for commercial and emergency vehicles for global markets.
January 6, 2021XPO Finishes Acquisition of Kuehne + Nagel’s European Logistics
XPO Logistics has completed its acquisition of the majority of Swiss firm Kuehne + Nagel’s European logistics, the company announced Jan. 4.
January 4, 2021COVID Drives Trucking Industry Consolidation
The economic fallout from the impact of the coronavirus pandemic has prompted a number of carriers to consolidate.
XPO’s Europe Unit Sale Said to Slow as Blackstone Drops Out
XPO Logistics Inc.’s sale of its European supply chain business has slowed after a key bidder dropped out of the process, people with knowledge of the matter said.
November 23, 2020Descartes Bolsters Final-Mile Capabilities With ShipTrack Acquisition
Transportation software firm Descartes Systems Group has purchased ShipTrack, a provider of shipment tracking technology for final-mile carriers, for about $19 million.
Kenan Advantage Group Acquires Canadian Firm Beaulac
Kenan Advantage Group has completed the acquisition of Les Distributions Carl Beaulac Inc., the company announced Sept. 18.
September 18, 2020Canadian Carrier Fastfrate Group Acquires Bestway
Less-than-truckload and logistics company Fastfrate Group has acquired cross-border carrier Bestway Cartage Limited and Bestway Global Limited, Fastfrate announced Aug. 10.