acquisition

Dana (NYSE: DAN) has acquired Nordresa, a Canadian firm that integrates electric drive trains into commercial vehicles.  The U.S. auto parts manufacturer announced the acquisition of the Quebec-based company on August 26. Dana did not disclose the price.  "Nordresa's experience designing and...

Doordash CEO Tony XU  Doordash's newest acquisition hints at its steer away from human drivers.  Scotty Labs is a three-year-old Silicon Valley company whose core value states "autonomy and remote assistance will be the future of logistics." On August 20th, CEO Tobenna Arodiogbu announced the...

Canadian logistics software firm Descartes Systems (NASDAQ: DSGX) acquired BestTransport, a U.S. cloud-based transportation management system (TMS) provider specializing in flatbed moves.  Descartes paid US$11.2 million for the Columbus, Ohio-based firm in a deal announced on August 21....

AIT Worldwide Logistics announced its largest acquisition to date. The company acquired Los Angeles-based freight forwarder Unitrans International Corporation, a move that will allow AIT to further the depth of its offerings.  This is AIT's third acquisition in under a year. The company acquired...

Collaborative logistics platform Turvo has acquired artificial intelligence (AI)-enabled visibility platform ODYN. Through this acquisition, announced on July 31, Turvo will accelerate the integration of connected sensors into its end-to-end platform.  "With our platform approach we sit at a...

Kuehne + Nagel International AG (SWX: KNIN) has acquired Worldwide Perishables Canada, a Canadian freight-forwarding company with a large seafood export business.  The deal, announced on July 24, grows the perishables business of the world's second-largest freight forwarder and strengthens its...

U.S. railcar manufacturer and lessor Greenbrier (NYSE: GBX)  finalized its acquisition of the manufacturing business of American Railcar Industries (ARI) from ITE Management, the company said on July 28. Greenbrier said the acquisition, which was announced in April and finalized on July 26, will...

France's Clasquin (EPA:ALCLA) is in talks to buy an unnamed firm in Canada to expand its freight-forwarding operations in the country. Clasquin, a global freight-forwarding and logistics company based in Lyon, disclosed the pending acquisition on July 12.  Clasquin is holding exclusive...

WABCO Holdings (NYSE: WBC) announced that its shareholders have approved the proposed acquisition by ZF Friedrichshafen AG, a privately-held German automobile and commercial vehicle technology supplier. On June 27, 2019, the producer of transmissions, braking systems and steering equipment said...

JLD-Laguë, one of Canada's largest John Deere (NYSE: DE) dealers, has added Peterbilt trucks to its portfolio with the acquisition of Transdiff. The C$13.5 million (the Canadian dollar equals US$0.75) deal, announced on June 11, includes Transdiff's four Quebec Peterbilt dealerships and the JDH...

Software vendor E2open LLC will acquire the global trade management software provider Amber Road  (NYSE: AMBR) for $425 million and take it private, E2open announced on May 13. The acquisition will allow customers to operate their entire end-to-end supply chain – from sourcing to...

GTI Transport Solutions has acquired Jetco Delivery, growing the Canadian specialty carrier's presence in the U.S. with the Texas-based company's flat-bed and heavy-haul fleet. Montreal-based GTI, owned by Canadian private equity firm Novacap, announced the deal on May 13. It gives GTI a...

Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (NYSEAMERICAN: RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT's third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better year-over-...

Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum. Both companies are based in Wisconsin. USV has been invested in Breakthrough since 2006 and USV has been steadily...

  A court has cleared the way for TFI International (TSX:TFI) to acquire assets of bankrupt courier BeavEX, allowing TFI International to expand its last-mile profile in the United States. TFI announced on April 17 that it will pay $7.2 million for selected assets and liabilities of BeavEx,...