Transportation Acquisition News Updates

The new owner of Sirva Inc., the nation’s second-largest household goods mover, will try to inject new life into a business that has slumped in recent years due to changing demographics and a slowdown in business relocation activity.

Marathon Petroleum Corp. agreed to buy rival oil refiner Andeavor for $23.3 billion in a deal that would create the largest independent fuel maker in the United States.

South Korean electronics group LG aims to become the world leader in lighting self-driving cars, by taking over Austrian car lights specialist ZKW for an estimated $1.3 billion, LG announced April 26.

A flurry of reports over the past few days speculate that GE Transportation will be sold to a longtime supplier, Westinghouse Air Brake Technologies Corp., which does business as Wabtec Corp.

Ceva Logistics is getting a major new shareholder to go along with a planned initial public stock offering of stock.

Peoples Services Inc., a logistics firm based in Canton, Ohio, acquired the assets of The Grimes Cos. in Jacksonville, Fla., a move that substantially expands the company’s warehousing and distribution services in the southeastern United States.

Challenger Motor Freight has agreed to acquire a majority of assets of flatbed and dry van truckload carrier Ed Wiersma Trucking Inc. in Kitchener, Ontario, for an undisclosed amount.

Montreal-based Logistec Corporation said it is significantly expanding its business operations in the United States with the acquisition of Gulf Stream Marine, a Houston cargo handling, stevedoring and terminal operator in the Gulf Coast region.

Dana Inc. announced its signature of definitive agreements to combine with the driveline division of United Kingdom-based GKN plc to create Dana Plc, a global driveline systems company.