GE Transportation, a foundation piece of the company built by inventor Thomas Edison, a business founded in Erie, Pa., and based there for most of its 110-year history, is merging with another Pennsylvania company in a deal worth $11.1 billion.
May 22, 2018Business
Drive Train Industries, Inland Truck Parts Announce Merger
Two longtime employee-owned rivals have signed an agreement to merge after working independently in the truck parts and service business since the end of World War II.
April 30, 2018Business
Seldat Distribution Merges With Oceanstar Express Co.
Seldat Distribution, a warehousing and distribution firm based in South Plainfield, N.J., has added ocean and airfreight forwarding and port drayage to its service offerings following a merger with California-based Oceanstar Express Co.
March 26, 2018Business
GlobalTranz Acquires Utah’s Apex Logistics
Freight brokerage firm GlobalTranz Enterprises made its fourth acquisition of 2017, buying American Folk, Utah-based Apex Logistics Group for an undisclosed price.
December 11, 2017Perspective
Opinion: Maximize Short-Term Value for Long-Term Gains
Recent company mergers and initial public offerings have brought the value of trucking companies to the forefront.
December 11, 2017Business
Knight, Swift Shareholders Approve Merger in Separate Votes
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, 2017Business
Beacon Roofing Supply Agrees to Acquire Allied for $2.6 Billion
Beacon Roofing Supply Inc. has agreed to acquire Allied Building Products Corp., based in East Rutherford, N.J., for $2.6 billion.
August 28, 2017BusinessLogistics
The World’s Shipping Companies Are Going Super-Sized
A massive consolidation is underway in the $500 billion global industry and the survivors now enjoy big economies of scale and increased demand, one year after excess capacity caused the sector’s worst-ever crisis - the bankruptcy of South Korea’s Hanjin Shipping Co.
August 16, 2017Business
Two Major Deals Mark Consolidation Trend; Heartland Buys IDC, Daseke Gets Steelman Cos.
Two major truckload carriers have announced purchases, and one of the transactions will unite companies ranked among the Transport Topics Top 100 list of the largest North American for-hire carriers: Heartland Express and Interstate Distributor Co.
July 6, 2017Business
Heartland Buys Interstate Distributor From Saltchuk for $113 Million
Heartland Express Inc. has purchased Interstate Distributor Co. from owner Saltchuk Resources Inc. in a $113 million deal that is the latest in a flurry of mergers and acquisitions in 2017.
July 6, 2017