Business, Fuel

Chevron Walks Away From $33 Billion Deal to Buy Anadarko

Oil Rig Luke Sharrett/Bloomberg News

Chevron Corp. is abandoning its $33 billion offer for oil driller Anadarko Petroleum Corp., the culmination of a monthlong bidding war in which Occidental Petroleum Corp. prevailed over a rival five times its size.

Joe Carroll and David Wethe | Bloomberg News
May 9, 2019
Business, Fuel

Anadarko Accepts Occidental Petroleum Bid; Chevron to Make Counteroffer?

Oil Rig Craig Hartley/Bloomberg News

Anadarko Petroleum Corp.’s board has declared Occidental Petroleum Corp.’s sweetened $38 billion takeover “superior,” giving Chevron Corp. until May 10 to either boost its offer or walk away from the oil industry’s biggest deal in at least four years.

Rachel AdamsHeard and Kevin Crowley | Bloomberg News
May 7, 2019
Business, Equipment

Ridgemont Equity Partners Buys Munch’s Supply

Munch's Munch's Supply

Ridgemont Equity Partners acquired Munch’s Supply, a wholesale distributor of heating, ventilation and air conditioning equipment and supplies based in New Lenox, Ill., from Rotunda Capital Partners.

April 16, 2019
Business, Logistics

DSV to Buy Panalpina in $4.6 Billion European Logistics Deal

Carsten Snejbjerg/Bloomberg News

DSV A/S agreed to acquire Swiss rival Panalpina Welttransport Holding AG in a deal worth $4.6 billion that will create one of the world’s largest cargo-handling and logistics companies

Bloomberg News
April 1, 2019
Business, Logistics

Lineage Logistics Buys Preferred Freezer Services

Warehouse Lineage Logistics warehouse (TT File Photo)

Refrigerated storage company Lineage Logistics of Novi, Mich., said it has agreed to purchase Preferred Freezer Services, a network of temperature-controlled cold storage warehouses based in Chatham, N.J.

Jim Stinson | Staff Reporter
February 26, 2019

Dickinson Fleet Services Purchases Highway Express Trailer Repair Co.

Dickinson Fleet Services service truck Dickinson Fleet Services

Dickinson Fleet Services announced the purchase of Highway Express Trailer Repair Co., a move that expands the company’s trailer repair business in the Chicago-area market.

Transport Topics
February 19, 2019

GTI Transport Acquires Specialized Division of Precision Truck Lines

Precision Specialized Division truck Precision Specialized Division truck via Precision Specialized Division/YouTube

GTI Transport Solutions has purchased the specialized heavy-haul division of Precision Truck Lines and will move the business to a new location in Brantford, Ontario, where it will continue to operate with the same management and personnel under the name Precision Specialized Inc.

Transport Topics
February 19, 2019
Business, Technology

Brixey & Meyer Capital Acquires CityDash

Investment firm Brixey & Meyer Capital announced it has acquired CityDash, a company based in Cincinnati that offers local and regional delivery services for packages and freight.

February 7, 2019
Business, Technology

Auto Driveaway Adds Truck Hauling With Purchase of J&J Driveaway

J&J Driveaway cab hauler J&J Driveaway provides drivers to move heavy-duty trucks. (J&J Driveaway)

Auto Driveaway, a company based in Lombard, Ill., that supplies drivers to move vehicles for corporations and fleet management firms, is buying J&J Driveaway and J&J Freight Brokers, companies that provide drivers to move heavy-duty trucks.

Daniel P. Bearth | Staff Writer
January 23, 2019

Canadian Firm Express Mondor Finalizes Acquisition of Transport L’Epiphanie

Express Mondor Express Mondor

Express Mondor has finalized its acquisition and integration of Transport L’ Epiphanie’s entire team and assets, the Canadian freight-hauling company said. Financial terms of the agreement announced on Aug. 23 were not disclosed.

Transport Topics
August 27, 2018