acquisition

  Americold Realty Trust (NYSE: COLD), a real estate investment trust specializing in developing and operating temperature-controlled warehouses, said it has acquired privately held Cloverleaf Cold Storage from its management and a private equity investor group for $1.24 billion. The...

  TeleSense, a grain storage Internet of Things (IoT) company based in Sunnyvale, California, has acquired Webstech, a Danish wireless sensor technology company that specializes in designing IoT technology for grain and food produce storage. This acquisition will help TeleSense sit on top of...

  WebCargo, a Freightos company, has announced the acquisition of Air Freight Bazaar, a regional air cargo rates and sales platform based in Chennai, India. The Indian air cargo industry is one of the fastest growing in the world, with a 16.9 percent growth rate in 2017. Indian airports at...

Oakville, Canada-based Geotab, one of the world's largest supplier of sensors for commercial vehicles, today announced that it has signed an agreement to acquire BSM Technologies. Toronto-based BSM provides telematics and asset-management solutions to more than 165,000 vehicles across...

Tennessee Steel Haulers (TSH), a Nashville-based flatbed logistics company, was in its second generation of leadership when Daseke (NASDAQ: DSKE), the Addison, Texas-based flatbed and specialized transportation giant, acquired the family-owned business in 2017. Several factors drove the family to...

Good day, In a striking private equity deal, Providence Equity Partners has agreed to buy GlobalTranz (GTZ), a top 10 third-party logistics provider (3PL), back from The Jordan Company after selling GlobalTranz to Jordan for approximately $400 million in June. An investment banker who was not...

Canadian trucking company Bison Transport acquired H.O. Wolding Inc., or HOW, a 320-truck dry van fleet headquartered in Amherst, Wisconsin, on April 1. HOW has truckload operations in the Midwest, Northeast and Southeast regions of the U.S. The acquisition of HOW represents a strategic investment...

Contship Italia SpA has sold its 50 percent share in the southern Italian port of Gioia Tauro, which includes the Medcenter Container Terminal (MCT), to Mediterranean Shipping Company (MSC) a source told FreightWaves. Eurokai owns two-thirds of Contship Italia SpA; Eurogate owns the remaining one-...

  Fortna, a supply chain automation design and implementation company, announced today that it entered into a recapitalization agreement with private equity firm Thomas H. Lee Partners, L.P (or THL). Terms of the transaction were not disclosed and the deal remains subject to closing...

U.S. third-party logistics provider MIQ Logistics has been acquired by Noatum Logistics, the transportation, logistics and customs brokerage unit of Spanish-based Noatum Maritime, from private equity firm Austin Ventures. Terms of the transaction were not disclosed. Once the deal closes in the next...

Good day, Uber Technologies Inc. has confirmed reports that surfaced over the weekend about its acquisition of Middle East on-demand cab hailing rival Careem for $3.1 billion, signaling its market domination in the region. In a development late Monday night, Uber said it will be paying $1.4 billion...

Canadian National (CNR) finalized its acquisition of trucking and transportation provider TransX, months after announcing plans to purchase the company. The railway didn't disclose costs, but it said TransX would continue to operate independently and keep open its main office in Winnipeg. CNR...

C.H. Robinson (NASDAQ: CHRW) announced this morning its acquisition of The Space Cargo Group, which the company described as "a leading provider of international freight forwarding, customs brokerage, and other logistics services in Spain and Colombia." CHRW paid approximately $48 million...