Transportation Acquisition News Updates

The Baker Hughes deal will expand the oil field service giant’s reach into liquefied natural gas, data centers and other technologies.

Union Pacific agreed to acquire Norfolk Southern, forming a transcontinental rail behemoth in what stands to be the industry’s largest deal ever.

DAT Freight & Analytics is acquiring Convoy Platform from Flexport for an undisclosed sum, a little under 18 months after the seller launched the freight-matching platform.

This year started off with 250 deals during the first quarter, and then 276 deals in the second quarter, despite market conditions.

The reductions were handed down on July 18 and take effect Sept. 26, according to a filing with the Texas Workforce Commission on July 23.

C&S Wholesale Grocers is looking to raise $400 million from a leveraged loan sale to help finance its $1.77 billion acquisition of food distributor SpartanNash.

ConocoPhillips is in advanced talks to sell some of its Oklahoma assets to closely held Flywheel Energy for around $1.3 billion, people familiar with the matter said.

Fleetworthy said the deal would offer carriers that use its Bestpass product predictive toll insights, automated reconciliation and cost-saving opportunities.

A Queens, N.Y.-based building firm, Kordun Construction, bought the most expensive property of the four — a Plainview, N.Y., service center — for $4 million.

Union Pacific is exploring an acquisition of Norfolk Southern, setting up what could rank as the largest railroad deal ever, according to people familiar with the matter.