Business, Logistics

Logistics Firm Terra Worldwide Explores $1 Billion Sale

trucks and warehouse Marcus Lindstrom/Getty Images

Terra Worldwide Logistics, a closely held provider of logistics services, is exploring a sale amid consolidation in the industry, according to people familiar with the matter.

August 1, 2022
Business, Logistics, For-Hire

Trucking Continues to See Robust M&A Market

Hirshbach truck Hirschbach Motor Lines completed its acquisition May 2 of John Christner Trucking. (Hirschbach Motor Lines)

Trucking and logistics continue to see strong merger and acquisition activity, a trend that goes back more than a year.

Connor D. Wolf | Staff Reporter
May 12, 2022
Business, Logistics

Becker Logistics Acquires Trek Freight Services

Becker Logistics and Trek Freight Services company officials Company officials (from left) John Andreotti, chief operating officer, Trek Freight Services; Jim Becker, CEO, Becker Logistics; and Gary Bazelon, CEO, Trek Freight Services. (Business Wire)

Becker Logistics has acquired third-party logistics company Trek Freight Services, it was announced March 28.

March 28, 2022
Business, Logistics

Chicago Commuter Rail System Opposes Proposed CP-KCS Merger

Kansas City Southern train (left) and Canadian Pacific train) The proposed $31 billion merger between Kansas City Southern (left) and Canadian Pacific would need to be approved by the Surface Transportation Board. (Kansas City Southern Railway, Canadian Pacific Railway)

One of the largest commuter railroads in the country is objecting to the proposed $31 billion merger between Class I freight rail carriers Canadian Pacific Railway and Kansas City Southern.

Dan Ronan | Senior Reporter
March 25, 2022
Business, Technology, Equipment, Logistics

How Software Helps Enable Industry Consolidation

Transportation management system software Transportation management software can help fleets with operations including back-office functions, accounting and recruiting. (McLeod Software)

The trucking industry has undergone further consolidation amid a surge of acquisitions, and software has enabled much of that.

Connor D. Wolf | Staff Reporter
December 23, 2021
Business, Logistics

Trucking Acquisitions Show No Signs of Slowing Down

MoLo Solutions dispatch center Workers at MoLo Solutions' dispatch center. ArcBest on Sept. 29 announced it will buy the Chicago-based truckload freight broker. (MoLo Solutions via Facebook)

The deal market in the trucking industry is heating up as buyers and sellers look to make moves amid a confluence of factors that are driving activity, experts said.

Connor D. Wolf | Staff Reporter
October 7, 2021
Business, Technology, Fuel, Autonomous

Xos to Go Public and Expand Battery-Electric Vehicle Production

Xos truck 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.

Roger Gilroy | Senior Reporter
February 22, 2021
Business, Logistics, Top 100

Recent Acquisitions Bode Well for Trucking in 2021

Bison, Black Horse Bison Transport (left) and Black Horse Carriers

Several recent acquisitions are signaling a robust 2021 for trucking.

Connor D. Wolf | Staff Reporter
January 13, 2021
Business, Equipment, Logistics, Top 100

2018 Top 100 Private Carrier Rankings: A Disappearing Act and More Mergers

2018 Top 100 Private Carrier Rankings

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.

Daniel P. Bearth | Staff Writer
August 20, 2018
Business, Logistics

The Jordan Co. Embarks on Logistics Buying Spree

Cold Warehouse 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.

Burney Simpson | Staff Reporter
June 18, 2018