Mergers News Updates

Tenet Transportation Tech merged with Crown Data Systems, combining Tenet’s carrier operations software with Crown’s airfreight trucking software business.

Shares of Union Pacific and Norfolk Southern slumped the most in more than a year after the STB paused its review of their planned $72 billion merger.

In addition to building infrastructure for autonomous and ride-hail vehicles, the new company “expects to explore adjacent opportunities.” 

Along with passenger flights, Sun Country brings into the fold cargo flying for Amazon, as well as charter trips.

Recreational vehicle suppliers LCI Industries and Patrick Industries terminated discussions over a potential merger.

Union Pacific and Norfolk Southern say their proposed merger would save shippers $3.5 billion annually in an amended merger application filed April 30.

United Airlines CEO Scott Kirby on April 27 outlined the reasons for a merger, but said talks went nowhere because American didn’t go along.

Spirit has considered offering the U.S. government an equity stake in the discount carrier to help stave off its potential liquidation.

TFI International-owned TA Dedicated is adding Minneapolis-based warehousing and distribution company Triangle Warehouse to its operations, the carrier said.

Union Pacific has secured long-term access to U.S.-made steel rail through a new seven-year contract with Rocky Mountain Steel Mills.