Transportation Acquisition News Updates

Lowe's and rival Home Depot have intensified their focus on professional builders.

Chevron is cutting about 650 Hess jobs after completing its $53 billion takeover last month, but exploration is one area likely to be spared.

Gabrielli Truck Sales acquired Coopersburg and Liberty Kenworth, extending its dealership network into Pennsylvania’s Lehigh Valley and South Jersey, the company announced in August.

The three acquired companies have operated since 2004 and served customers across two of the country’s most competitive logistics hubs. All will operate under Lazer's umbrella.

Last week, US Foods urged Performance Food to accept its invitation to explore a merger.

The deal is part of Echo’s ongoing strategy to scale its managed transportation business through targeted acquisitions, adding both operational capacity and regional coverage.

After recently expanding its lanes, less-than-truckload carrier Roadrunner is ramping up acquisition plans, the company’s top executive told Transport Topics.

“Our ask of PFG is to simply work together to further understand the merits and opportunities of a potential combination,” US Foods CEO Dave Flitman said.

John Hess plans to buy back his family’s iconic toy truck business next year from Chevron after the oil giant bought his company this month.

Building-materials provider CRH is paying all cash for Eco Material.