Business, Logistics

Ryder Gets $4.4 Billion Takeover Offer From HG Vora

A Ryder truck HG Vora Capital has a 9.9% stake in Ryder and is offering $86 in cash for each Ryder share it doesn’t already own. (Ryder)

Ryder System Inc. on May 13 confirmed receipt of a $4.4 billion offer to be acquired by HG Vora Capital Management, a proposal that Wall Street analysts said reflects the high value the potential buyer sees in the leasing company’s business.

Connor D. Wolf | Staff Reporter
May 13, 2022

AOI Capital Acquires RK Logistics Group

Third-party logistics company RK Logistics Group announced April 15 that it has been acquired by a group of investors led by the investment firm AOI Capital.

April 18, 2022
Business, Logistics

Roberts Energy Acquires Abenaqui Carriers

Direct fuel supplier Roberts Energy and its transport division Brown Bear Transportation announced Feb. 21 the acquisition of Abenaqui Carriers.

February 25, 2022
Business, Logistics

GXO Plans to Buy Clipper for About $1.3 Billion

A GXO Logistics warehouse A GXO Logistics warehouse. (GXO Logistics)

GXO Logistics has reached agreement with Clipper Logistics on the key terms of a possible acquisition, both company boards announced Feb. 20.

Connor D. Wolf | Staff Reporter
February 22, 2022
Business, Top 100

Kenan Advantage Group Acquires K-Limited Carrier

Kenan Advantage Group fuel tank truck KAG will gain approximately 95 tractors and 195 trailers from its acquisition of K-Limited Carrier. (Kenan Advantage Group)

Kenan Advantage Group, a North Canton, Ohio-based tank truck transporter, announced Feb. 7 that it has completed its acquisition of K-Limited Carrier.

February 7, 2022
Business, Equipment, Top 50, Top 100

J.B. Hunt Set to Acquire Zenith Freight Lines for $87 Million

J.B. Hunt truck J.B. Hunt says the acquisition will enhance its final-mile service offerings. (J.B. Hunt Transport Services)

J.B. Hunt Transport Services has entered into a definitive agreement to acquire the assets of Zenith Freight Lines for approximately $87 million.

January 31, 2022

FleetPride Acquires Assets of Nationwide Truck Service

FleetPride store FleetPride has a network of 282 stores, 60 service centers and five distribution centers.(FleetPride Inc.)

FleetPride Inc. announced it acquired the assets of Nationwide Truck Service, a Louisville, Ky., company.

January 25, 2022
Business, Equipment, Top 100

Bison Transport Acquires Hartt Transportation Systems

Bison Transport truck Bison Transport added about 360 tractors and 2,100 trailers with its acquisition of Hartt Transportation Systems Inc. (Bison Transport)

Bison Transport has acquired Hartt Transportation Systems Inc., a truckload carrier based in Bangor, Maine.

January 4, 2022
Business, Technology

Irish Firm AMCS Acquires Dossier Systems

AMCS-Dossier image AMCS has more than 700 workers across 11 countries with offices in North America, Europe and Australia. (AMCS)

AMCS has acquired Philadelphia-based fleet maintenance management software solutions provider Dossier Systems, the Limerick, Ireland-based company announced Nov. 16.

November 18, 2021

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