Hertz Shares Surge on Sale to Knighthead

Vehicles at a Hertz rental location at the airport in Charlotte, N.C. Vehicles at the Hertz rental location at Charlotte Douglas International Airport in Charlotte, N.C. (Bloomberg News)

In a deal that hands a huge victory to shareholders of bankrupt Hertz Global Holdings Inc., the car renter picked Knighthead Capital Management and Certares Management to buy the company out of Chapter 11, capping a dramatic brawl for control of the company.

May 12, 2021

DSI Bulk Transport Maintains Identity Under American Bulk Commodities

DSI Bulk Tansport tank truck Mantua, Ohio-based DSI Bulk Transport specializes in handling plastic resins. (DSI Bulk Transport)

When American Bulk Commodities acquired DSI Bulk Transport earlier this year, it was a deal that ABC President Mark Carrocce said dovetailed nicely with his company's business philosophy.

Connor D. Wolf | Staff Reporter
March 24, 2021
Business, Technology, Equipment, Safety, Logistics, Autonomous

How Consolidation Is Reshaping Trucking’s Technology Sector

Trimble Trimble Transportation has assembled a broad portfolio of in-cab technologies and back-office software over the past decade. (Trimble Transportation)

Consolidation has dramat­ically reshaped trucking’s technology market over the past decade, with dozens of software and telematics companies joining forces to create larger organizations with expanded capabilities and broader reach.

Seth Clevenger | Managing Editor, Features
February 19, 2021
Business, Logistics, Top 50, Top 100

Penske Logistics to Acquire Black Horse Carriers

Black Horse Carriers Penske electric truck A Black Horse electric truck from Penske.

Penske Logistics announced it reached an agreement to acquire Chicago-based trucking company Black Horse Carriers Inc.

Roger Gilroy | Senior Reporter
December 2, 2020
Business, Technology, Equipment, Fuel, Autonomous

Analysts View Traton, Navistar Deal as Win-Win

An International truck Navistar reported a near 50% decline in truck sales in the third quarter. (Navistar)

Navistar International Corp. is on the verge of becoming a subsidiary of German truck maker Traton SE, a step analysts said is a positive development for both companies.

Roger Gilroy | Senior Reporter
October 20, 2020
Business, Top 100

Kenan Advantage Group Acquires Canadian-Based Paul’s Hauling

Kenan Advantage Group truck A North Canton Transfer truck carrying fuel in a Kenan Advantage Group tanker trailer. (Kenan Advantage Group)

Kenan Advantage Group has completed its acquisition of Paul’s Hauling Ltd.

October 2, 2020
Business, Equipment

Shyft Group Acquires Aluminum Truck-Body Maker F3 MFG

The Shyft Group has acquired aluminum truck body and accessory manufacturer F3 MFG Inc., it was announced Oct. 1.

October 1, 2020
Business, Logistics

American West Announces Acquisition of Innovative Delivery Systems

American West Worldwide Express closed the acquisition of furniture delivery-service Innovative Delivery Systems, the company announced March 16.

March 23, 2020
Business, Logistics

Nolan Transportation Acquires Eagle Transportation

Nolan Transportation Group, an Atlanta-based non-asset truckload freight brokerage and third-party logistics service, acquired Eagle Transportation, a Mississippi-based freight brokerage specializing in temperature-controlled shipping, according to a Jan. 17 news release.

January 21, 2020

Rinchem Co. Acquires Carolina Tank Lines

Chemical management services company Rinchem Co. announced it acquired Carolina Tank Lines, a carrier based in Burlington, N.C.

October 18, 2019