Mergers & Acquisitions: Page 4

Investment groups buy majority stake in Freymiller
Two investment groups targeted Freymiller for its temp-controlled trucking, logistics brokerage and intermodal transportation services.
June 22, 2022
Freymiller tractor in a service bay
Challenger Motor Freight acquired by Fastfrate
In Challenger Motor Freight, Fastfrate adds cross-border trucking capabilities to its business.
June 16, 2022
Challenger Motor Freight truck
PAM Transportation makes first acquisition in nearly 20 years
PAM Transportation spent $77.4 million to acquire New York City-based Metropolitan Trucking – now "the Northeast regional face for PAM."
June 15, 2022
Metropolitan Trucking, Inc semi-truck
More than 100k trucks, multiple OEMs impacted in recall
Bendix subsidiary R.H. Sheppard recalling steering gear used by 29 manufacturers. Also: Indiana Toll Road rates increasing; U.S. Xpress drivers recognized; Chevron now one of the leading renewable fuels companies in the United States.
June 14, 2022
U.S. Xpress Million Mile drivers
SAF-Holland makes offer to acquire Haldex
SAF-Holland Wednesday announced a public cash offer to acquire Haldex for 3.2 billion Swedish Krona ($325 million). The offer price, which SAF-Holland states is "best and final" and will not be increased, was unanimously recommended by the Haldex board.
June 8, 2022
SAF-Holland facility
Schneider acquires Wisconsin regional carrier
Schneider gets deBoer Transportation's approximately 160 tractors and 660 trailers in the deal.
June 7, 2022
deBoer Transportation truck
Ryder rejects takeover bid
Ryder's Investor Day made clear that if Ryder was for sale, it would be significantly more costly than the $4.4 billion on the table.
June 6, 2022
Ryder last mile delivery
Heartland Express acquires CCJ Top 250 company Smith Transport
The deal was made for $170 million in existing cash from Heartland. In a separate $14 million deal, Heartland also acquired Smith Transport's headquarters in Roaring Spring, Pennsylvania.
June 1, 2022
Smith Transport trucks
Meritor shareholders okay Cummins acquisition
The two companies in February entered into a definitive agreement under which Cummins would pay $36.50 in cash per Meritor share.
May 27, 2022
Meritor ePowertrain products
TriStar Carriers and its parent company acquired by ShipX
With the acquisition, ShipX expands its focus beyond final mile parcel delivery and will be able to offer a more complete suite of e-commerce transportation services.
May 26, 2022
TriStar Carriers truck at dock
LGT Transport acquires Jason Thomas Trucking
As part of the acquisition, Jason Thomas Trucking drivers and operational employees will join the LGT Transport team.
May 22, 2022
LGT Transport
Ryder confirms takeover bid
HG Vora already owns a roughly 10% stake in Ryder and is offering $4.4 billion for the rest.
May 16, 2022
Ryder dock
Forward Air acquiring 70-truck Edgmon Trucking
The acquisition of Edgmon Trucking marks the first West Coast location for Forward Air's intermodal business
May 9, 2022
parked semi trucks
Direct Connect Logistix acquires Hoosier Logistics
The transaction comes just a few weeks after DCL's acquisition of Performance Logistics, a cold food chain focused freight brokerage in Salt Lake City.
April 5, 2022
Screen Shot 2022 04 05 At 2 54 32 Pm
Transport Investments acquires SmartWay Transportation
Based in Overland Park, Kansas, SmartWay offers mainly full and partial truckload (flatbed, reefer, specialty and dry van) transportation brokerage and logistics services.
March 14, 2022
SmartWay homepage
Cummins set to acquire Meritor for $3.7 billion
The two companies have entered into a definitive agreement under which Cummins will pay about $3.7 billion to acquire Meritor.
February 22, 2022
Cummins sign
Abenaqui Carriers acquired by petro-chem hauler Brown Bear Transportation
Brown Bear Transportation – a division of Roberts Energy – delivers petroleum products across the northeast lifting out of Springfield, Boston, New Haven, Providence, Albany, Portland and Montreal, Canada.
February 21, 2022
Tanker truck
Hirschbach acquiring John Christner Trucking, creating reefer giant
Hirschbach owner and CEO Brad Pinchuk has high expectations for the union, saying "these two organizations should be united and fit together like two puzzle pieces."
February 17, 2022
JCT reefer truck
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Top Stories
Women in Trucking member Angelika Mangino is the group's Member of the Month for April. Though more women are entering the filed, a WIT survey showed that safety remains a top concern among female drivers.
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Female trucker surveys divide proponents on pay and cab design
Industry leaders agree on safety and respect as top issues among surveyed female truck drivers but disagree on pay and cab design.
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