acquisition

DP World announced Thursday the acquisition of supply chain solutions provider syncreon at an enterprise value of $1.2 billion. The Dubai state-owned port operator said the deal will allow it to provide end-to-end solutions capabilities to cargo owners. Auburn Hills, Michigan-based syncreon...

Mullen Group has acquired Chicago-area 3PL QuadExpress for $40 million in a deal that gives one of Canada's largest trucking and logistics companies its first U.S.-based operation.   Mullen (TSX: MTL) bought QuadExpress from Wisconsin-based commercial printing company Quad (NYSE: QUAD). The 3PL...

Wellesley, Massachusetts-based terminal and logistics company Enstructure plans to acquire Patriot Port Holdings, a sister company of short line operator Patriot Rail, as a way to expand its presence along the East Coast and at inland river terminals. The two have entered into a definitive...

Amazon Inc. (NASDAQ: AMZN) is purchasing 1,000 trucks with high-autonomy software from startup Plus in a deal giving the e-commerce giant a 20% stake in the company. Hennessy Capital Investment Corp. V (NASDAQ: HCIC), the special purpose acquisition company (SPAC) sponsoring Plus for public...

Uber Technologies (NYSE: UBER) is acquiring the remaining shares in Cornershop, an on-demand grocery delivery platform. According to a Securities and Exchange filing this past weekend, Uber will acquire the remaining 47% of the company it doesn't already own. Cornershop CEO Oskar Hjertonsson...

The Daily Dash is a quick look at what's happening in the freight ecosystem. In today's edition, we highlight project44's acquisition of software company ClearMetal, a huge carbon dioxide emissions ruling in the Netherlands and more. Also … Turvo, provider of the world's leading collaboration...

Project44, a leader in real-time visibility of the global supply chain, announced on Thursday it has acquired ClearMetal, a San-Francisco based supply chain planning software company that focuses on international freight visibility, predictive planning and overall customer experience. The terms of...

Ondas Holdings Inc. (NASDAQ: ONDS) has reached agreement to acquire American Robotics, the first drone company to receive Federal Aviation Authority beyond-visual-line-of-sight (BVLOS) approval. Ondas will pay approximately $70.6 million in a combination of cash and equity securities for American...

As the demand for insurance products for a highly volatile DeFi market grows, Shield Finance is introducing DeFi insurance aggregation via a forthcoming IDO after closing its recent private funding round from top private investors and venture capital funds. Innovative Platform Designed To Protect...

DSV Panalpina (DSV.C.DX) announced Tuesday it will acquire the logistics arm of Kuwait-based Agility Public Warehousing (AGLT.KW) for $4.1 billion (1.23 billion KWD). The deal will make it the third-largest freight forwarder globally. Agility's stand-alone Global Integrated Logistics (GIL) unit is...

United Airlines (NASDAQ: UAL) has named Brett Hart as president, effective May 20. Hart, who joined United in 2010, is the airline's executive vice president and chief administration officer. The promotion is part of the airline's leadership succession plan announced in early December in which...

Radiant Logistics Inc (NYSE: RGLT), the acquisitive West Coast company, is dialing back its merger and acquisition efforts. Regarding the company's third-quarter earnings — its fiscal year begins July 1 — Bohn Crain, Founder, and CEO said in a release that Radiant came into the quarter with a plan...

Liquid and dry bulk hauler Bulkmatic Transport of Griffith, Indiana, announced Tuesday it had acquired Illinois-based Paris Transport Inc. to add capacity and improve service to its customers. Family-owned Bulkmatic, founded in 1965, has nearly 530 drivers and a fleet of approximately 600 power...

Cross-border freight forwarder Nuvocargo announced it has acquired Oncarriage, an Atlanta-based customs broker and third-party logistics provider. The acquisition gives Nuvocargo access to several key government licenses in the United States — including a customs broker license that normally takes...

BlueGrace Logistics announced Monday afternoon that it had acquired Anthym Logistics, a freight brokerage with primary offices in Tampa, Florida, and Chicago. Anthym Logistics was formed in the fall of 2019 when Eddie Leshin, a veteran of American Backhaulers and Coyote Logistics, returned to the...