acquisition

Less than two months after announcing plans to divest potentially all of its operating segments, except for its less-than-truckload (LTL) offering, XPO Logistics, Inc. (NYSE: XPO) announced that an acquisition is in the works. In a March 9 press release, the company announced that it has entered...

SaaS Capital, a provider of growth-oriented capital for B2B SaaS companies, announced that one of its portfolio companies, Pacejet, has been acquired by 3Gtms. Pacejet is a cloud-based shipping software provider. The company's software is designed to automate the shipping process and procure the...

TRATON Group's bid for Navistar International Corp. (NYSE: NAV) — the elephant in the room — got only perfunctory responses on Navistar's earnings call with analysts Wednesday. Executives instead unpacked some of the reasons why the truck maker lost money in the first fiscal quarter. For starters...

TFI International has acquired the courier services business of R.R. Donnelley & Sons Co. as the Canadian transportation company looks to grow and squeeze more profits from its logistics business in the United States. TFI announced the deal Monday without disclosing the price. That follows...

Polaris Transportation Group has acquired PRI Logistics, a third-party logistics brokerage, in a deal that will give the Canadian carrier access to more freight as it grows its cross-border less-than-truckload (LTL) business. Polaris announced the acquisition on Monday, March 2, the same day that...

CRST International Inc. announced it has acquired Edison, New Jersey-based final-mile logistics provider NAL Group. NAL Group consists of warehousing service and final-mile logistics provider North American Logistics, which was founded in 2015, and installation and assembly services company...

Mergers and acquisitions could happen among the Class I railroads within the next decade if regulatory and economic factors drive railroads to see mergers as a path to greater efficiency and expanded capacity, according to industry observers. "I just feel it's inevitable at some point. It's a...

PS Holdco LLC announced that it has completed the acquisition of Southeast Logistics Inc, which includes the assets of Houndstooth Transportation, C Cross Transport and Viking Transportation. Tuscaloosa, Alabama-based Southeast Logistics has approximately 250 drivers and two terminals in...

DP World, the world's fourth-largest container terminal operator, said it has completed the acquisition of Fraser Surrey Docks in British Columbia, Canada.DP World, headquartered in Dubai, United Arab Emirates, had announced last May that it would acquire Fraser Surrey Docks at Port Metro Vancouver...

The "booming" final-mile segment continues to experience significant mergers and acquisitions as many transportation providers look to complement their service offerings with in-home delivery. Transportation provider Atlas World Group announced that its subsidiary, Atlas Logistics, has acquired...

Bankrupt Celadon Group says employees in Mexico recently resumed "limited operations" of its transportation business there using the company's cash receivables after initiating a series of labor disputes, court filings show. Celadon made puzzling disclosures in two Feb. 21 filings in U.S....

Canadian on-demand logistics SaaS solution provider Descartes has announced the acquisition of Peoplevox, a major player in the cloud-based ecommerce warehouse management solutions (eWMS) space, in a deal worth $25.2 million. Based in the U.K., Peoplevox provides web-based eWMS and ecommerce...

With most of the attention in green trucking going to fully electric powertrains, diesel-electric hybrids don't get much notice.  Here's an exception – Hyliion Inc., a leader in upfitting Class 8 trucks to run on dual fuel sources, will provide three of its 6X4HE heavy-duty models to Penske Truck...

Daimler Commercial Vehicles México delivered 10 new Freightliner Cascadia units to cross-border carrier Grupo HG Transportaciones on Wednesday. The 53-year-old freight transport company based in Monterrey, Mexico, now has a fleet of around 460 vehicles, said company officials during a ceremony for...

Temperature-controlled warehouse operator Americold Realty Trust (NYSE: COLD) sees a healthy demand environment for cold storage continuing. During its fourth-quarter 2019 earnings conference call, the Atlanta-based real estate investment trust's (REIT) management team said it expects new facility...