Transportation Acquisition News Updates

As part of this transaction, Shell subsidiary Pennzoil Quaker State has entered into a long-term lubricants supply agreement with Monomoy.

Thoma Bravo agreed to a deal to acquire third-party logistics provider WWEX Group — a TT Top 100 logistics company — and merge it with an existing portfolio company.

InMotion Global, developer of AscendTMS, said it acquired LoadPilot TMS and will begin migrating the software’s freight brokerage and agent customers into its cloud‑based platform.

A lack of capital investment by the private sector remained a significant headwind. Murray Mullen noted that consumers struggled with inflation as basic needs became more costly.

Hapag-Lloyd is buying Israel’s Zim Integrated Shipping Services as the German shipping company aims to grow in size and bolster its presence in Asia.

Aim Transportation Solutions acquired Fleetmaster Leasing, adding about 400 vehicles to its operations and expanding its presence in the Columbus, Ohio, area.

UniFirst is engaging with Cintas after its larger rival resubmitted a $275-a-share takeover offer in December, Bloomberg reports. Cintas has been pursuing UniFirst for years.

Paladin is the latest in a growing list of larger carriers to either shutter operations or declare bankruptcy amid the ongoing freight rate recession, including R&R Family of Cos.

Investors led by buyout firm Advent International and FedEx are seeking to buy Polish parcel-locker company InPost in a deal that values the business at $9.3 billion.

As a result of the impairment charge and lower revenue from the ongoing freight rate recession, Heartland’s operating ratio spiked to 112.7. OR without the impairment charge was 101.6.