acquisition

Transplace, a leading transportation management and logistics technology provider, announced Tuesday that it had acquired Green Bay, Wisconsin-based Lanehub. Lanehub is a freight collaboration platform that allows shippers and carriers to see where dedicated lanes in their networks overlap and to...

Trimble, a major supplier of electronic logging devices (ELDs), has acquired the privately held transportation management system (TMS) provider Kuebix.  Network integration appears to be the key factor driving the acquisition. In the press release announcing the acquisition, Trimble said the deal...

Logistics real estate company Prologis Inc. (NYSE: PLD) said late Wednesday it has completed its $4 billion all-cash acquisition of Industrial Property Trust Inc. (IPT). The deal, announced in July 2019, called for San Francisco-based Prologis to acquire IPT equally through its two U.S. co-...

Red Arts Capital announced that it has partnered with Prudential Capital Partners and Brightwood Capital Advisors to acquire MME Inc. and its wholly owned subsidiaries Midwest Motor Express Inc. and Midnite Express Inc. Financial terms of the transaction were not disclosed. Founded in 1918,...

Rail equipment and locomotive manufacturer Wabtec (NYSE: WAB) has acquired RELCO Locomotives, an Iowa-based company that builds, remanufactures and repairs locomotives. Wabtec bought RELCO for $29 million in a cash-free and debt-free transaction. Wabtec says the transaction will be accretive in...

El Al Israel Airlines is outsourcing operation of its main freighter route between Tel Aviv and Liege, Belgium, to Atlas Air Inc. under an extended charter arrangement. Atlas, an aviation services company headquartered in Purchase, N.Y., said Tuesday it is leasing El Al a Boeing 747-400 all-cargo...

Canadian Pacific (NYSE: CP) has completed its acquisition of the Central Maine & Quebec (CMQ) Railway. The U.S. portions of the CMQ network still need approval from the Surface Transportation Board. The CMQ will give CP's customers access to ports at Seaport, Maine, and Saint John, New...

Genesee & Wyoming, Inc. (NYSE: GWR) announced that the sale of the company to affiliates of infrastructure asset management firms Brookfield Infrastructure (NYSE: BIP) and GIC has been completed. The deal results in each share of GWR common stock converted into a right to receive $112 in cash...

NFI Industries, a sprawling $2 billion transport and logistics company offering dedicated trucking, intermodal, drayage, warehousing, brokerage and distribution services, announced its acquisition of G&P Trucking Company this morning.  G&P, a trucking carrier of 370 tractors and more than...

Groupe Morneau's refrigerated division has acquired Beacon Transit Lines, strengthening the Canadian carrier's presence in Ontario and Quebec, especially in the vital Toronto-Montreal corridor. Morneau Eskimo's purchase of Toronto-based Beacon, announced Dec. 19, nearly doubles its fleet from 80...

Private equity firm Harvest Partners has acquired a majority stake in Georgia-based Lazer Spot, shining a light on the maturing yard management services market.    Harvest purchased the stake from Greenbriar Equity Group. Lazer Spot's management team, led by CEO Adam Newsome, will continue to lead...

Liquid and dry bulk truckload (TL) carrier TransWood, Inc. announced that it has acquired Minnesota-based bulk carrier Kane Transport. Financial terms were not disclosed. Kane operates more than 150 trucks hauling petroleum products, construction and agricultural commodities throughout the upper...

Good day, Japanese truck manufacturer Isuzu Motors has reportedly bought UD Trucks, the truck manufacturing unit of Swedish automaker Volvo AB, to develop next-generation technologies like electric and self-driving trucks. Isuzu, which sold over 500,000 vehicles last year, has recently vowed to...

Sydney, Australia-based global logistics software provider WiseTech has announced the purchase of customs, bonded warehouse and trade compliance solutions provider Ready Korea for just over A$20 million. Seoul-headquartered Ready Korea provides customs clearance services, bonded warehouse...

GIC, Singapore's sovereign wealth fund, has announced the acquisition of a Pan-European logistics real estate portfolio from Apollo Global Management, a private-equity firm, to the tune of €950 million. This is one of the largest investments made in the European real estate segment this year and...