CMA CGM SA, one of the world’s largest shipping companies, agreed to buy Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, in a deal with an enterprise value of $2.3 billion.
November 3, 2021Gillian Tan
Government, Business, Logistics 
A CMA CGM ship at the Fenix Terminal. (Fenix Marine Services via YouTube)
CMA CGM Near Deal to Buy California Terminal Operator
A CMA CGM ship at the Fenix Terminal. (Fenix Marine Services via YouTube) Business 
APM Terminals North America at the Port of Los Angeles. Another terminal, operated by Fenix Marine Services, could change hands. (Bing Guan/Bloomberg News)
Owner of Terminal at Port of Los Angeles Explores Sale
APM Terminals North America at the Port of Los Angeles. Another terminal, operated by Fenix Marine Services, could change hands. (Bing Guan/Bloomberg News)EQT Infrastructure, an arm of alternative-asset manager EQT AB, is exploring a sale of its 90% controlling stake in Fenix Marine Services, which operates a container terminal in the Port of Los Angeles, according to people with knowledge of the matter.
September 9, 2021 Business, Technology, Autonomous 
KeepTruckin offers real-time GPS tracking software. (KeepTruckin)
KeepTruckin Raises Fresh Funds Valuing Startup at $2.3 Billion
KeepTruckin offers real-time GPS tracking software. (KeepTruckin)KeepTruckin Inc. raised $190 million in a new funding round that values the San Francisco-based provider of fleet management software at $2.3 billion.
June 17, 2021 Business, Technology, Logistics, Top 50 
Lineage Logistics is taking steps to become a one-stop shop for refrigerated storage. (Lineage Logistics)
Lineage Logistics Acquires Cryo-Trans for $500 Million
Lineage Logistics is taking steps to become a one-stop shop for refrigerated storage. (Lineage Logistics)Cold-storage specialist Lineage Logistics is branching into rail.
April 3, 2021 Business, Logistics, Top 50 
(Lineage Logistics)
Lineage Logistics Acquires Refrigerated Rail Company Cryo-Trans
(Lineage Logistics)Cold-storage specialist Lineage Logistics is branching into rail.
January 5, 2021 Business, Technology, Fuel, Logistics 
Lightning EMotors offers an electric powertrain on a Chevrolet 6500XD Low Cab Forward Class 6 truck, among other vehicle options. (Lightning EMotors)
Lightning EMotors Said to Be in Talks to Go Public
Lightning EMotors offers an electric powertrain on a Chevrolet 6500XD Low Cab Forward Class 6 truck, among other vehicle options. (Lightning EMotors)Lightning EMotors, a company that focuses on fleet electrification and cutting out fuel consumption, is in advanced talks to go public through a merger with blank-check firm GigCapital3 Inc., according to people with knowledge of the matter.
November 19, 2020 Business, Technology, Fuel, Logistics 
The Electric Last Mile Solutions van has 170 cubic feet of cargo capacity, with a range of 150 to 200 miles on a single charge. (Electric Last Mile Solutions)
Electric Last Mile Solutions Said to Be in Merger Talks
The Electric Last Mile Solutions van has 170 cubic feet of cargo capacity, with a range of 150 to 200 miles on a single charge. (Electric Last Mile Solutions)Electric Last Mile Solutions, an electric vehicle startup, is in talks to go public through a merger with Forum Merger III Corp., according to people with knowledge of the matter.
November 19, 2020 Business, Logistics 
A forklift driver moves pallets at cold storage warehouse. (Darren Staples/Bloomberg News)
VersaCold Weighs $500 Million Sale Amid Storage Buzz
A forklift driver moves pallets at cold storage warehouse. (Darren Staples/Bloomberg News)VersaCold, one of Canada’s largest providers of cold storage, is exploring a potential sale that could fetch $500 million or more, according to people with knowledge of the matter.
March 3, 2020 Business, Logistics 
Getty Images
SteelRiver Infrastructure Looking to Sell Patriot Rail
Getty ImagesSteelRiver Infrastructure Partners is seeking a buyer for Patriot Rail Co., a transportation business that could fetch more than $600 million, according to people with knowledge of the matter.
February 12, 2019 Government, Business 
IFM's assets include the Indiana Toll Road. (Joe Raymond/AP)
Investors Keep Flocking to US Infrastructure, Even Without a Trump Plan
IFM's assets include the Indiana Toll Road. (Joe Raymond/AP)IFM Investors has raised almost $500 million for its first debt fund dedicated to U.S. infrastructure even as the Trump administration has yet to move ahead with its own infrastructure plan.
August 29, 2018