mergers
Xos to Go Public and Expand Battery-Electric Vehicle Production
Fully electric model by XOS Trucks. (TT File Photo)
Xos Inc., a 5-year-old truck maker focused on delivering battery-electric commercial vehicles in Classes 5-8, announced a definitive agreement to go public through a business combination with NextGen Acquisition Corp., a publicly traded special purpose acquisition company based in Boca Raton, Fla.
February 22, 2021Recent Acquisitions Bode Well for Trucking in 2021
Bison Transport (left) and Black Horse Carriers
Several recent acquisitions are signaling a robust 2021 for trucking.
January 13, 20212018 Top 100 Private Carrier Rankings: A Disappearing Act and More Mergers
This year’s edition of Transport Topics’ Top 100 Private Carriers list features a disappearing act — more than one, actually — as well as some big mergers in the offing and some new names.
August 20, 2018The Jordan Co. Embarks on Logistics Buying Spree
Shutterstock
The summer has brought heat to mergers and acquisitions in the logistics sector, led by private equity firm The Jordan Co. moving aggressively to gather several firms under its umbrella.
June 18, 2018Knight, Swift Shareholders Approve Merger in Separate Votes
John Sommers II for Transport Topics
The $6 billion Swift-Knight truckload merger is racing to completion as shareholders of both companies approved the transaction Sept. 7, and the carriers said it would close Sept. 8.
September 7, 2017Shippers Express Support for Knight-Swift Merger
Ari Ashe/TT
Representatives of freight shipping firms are joining trucking analysts in their enthusiasm over the merger between Knight Transportation Inc. and Swift Transportation Co. and generally supporting the prospect of big truckload carriers getting bigger.
April 24, 2017Video: Will Knight-Swift Merger Catch Feds' Interest?
TT's Daniel Bearth, Eugene Mulero
Will the planned merger of Knight Transportation Inc. and Swift Transportation — one of the trucking industry's largest mergers ever — catch the attention of federal antitrust regulators? Watch as TT Senior Features Writer Daniel Bearth provides his take on that question for colleague Eugene Mulero.
April 18, 2017Knight, Swift Plan Merger
John Sommers II for Transport Topics
A merger of Knight Transportation Inc. and Swift Transportation Co., two of the nation’s largest trucking companies, is expected to trigger a historic move to consolidate the truckload freight sector, industry analysts said last week.
April 17, 2017Sunteck, TTS Merger Now Official
Sunteck Transport Group
The merger between Sunteck Transport Group and TTS, agreed upon in late October, is now official, the new company announced in a statement.
January 4, 2017Trucking and Logistics Deals Anticipate Capacity Crunch
Despite a current weak freight market, concern about future freight hauling capacity is leading to an increase in dealmaking among trucking and logistics service providers.
October 31, 2016