acquisition

Expedited transport provider Forward Air Corp. (NASDAQ: FWRD) said late Dec. 12 that it plans to acquire most of Linn Star Holdings, Inc., a last-mile delivery provider that operates mostly in the Midwest and Southwest, for $57.2 million in cash. The transaction excludes Linn Star's California...

MODE Transportation announced it has completed the acquisition of SunteckTTS Inc. The deal was previously announced on Nov. 18. The financial terms of the transaction have not been disclosed. The combination of the two multimodal third-party transportation and logistics providers is expected to...

New Frontier Data, the global authority in data, analytics and business intelligence for the cannabis industry, today announced it has completed its diligence and will move forward with its acquisition of leading cannabis lifestyle media company Civilized Worldwide Inc., after announcing its intent...

Logistics provider Transportation Insight (TI) said Dec. 6 that it acquired less-than-truckload (LTL) broker Meridian Logistics LLC, which does business as FreightPros, for an undisclosed sum. The acquisition expands privately held TI's LTL brokerage offerings. It operates a truckload brokerage...

European logistics service provider Vos Logistics announced that it will acquire 100% of the shares of SNEL Shared Logistics, which is based in Woerden, the Netherlands, to strengthen its presence in the Benelux region.  SNEL Shared Logistics operates a 65,000-square meter warehouse (m2) in...

France-based contract logistics provider ID Logistics Group SA (IDL.PA) announced it has acquired activities and assets of Tampa, Florida-based global e-commerce solutions provider Jagged Peak for $15 million. Jagged Peak offers end-to-end, omnichannel e-commerce solutions including order,...

Real estate private equity firm Taurus Investment Holdings LLC said Nov. 25 it has sold its 8.2 million-square-foot U.S. logistics portfolio to Investcorp., a provider of alternative investments, for $614 million. In so doing, the firm exited its US Logistics Fund I and three co-investment...

Canadian Pacific (NYSE: CP) will be acquiring short line Central Maine & Quebec Railway (CMQ) in a deal that CP hopes will boost its footprint in the Eastern U.S. and establish a coast-to-coast network in Canada, the railway said on Nov. 20. CMQ has 481 miles of rail lines in Quebec and Maine...

Freight forwarding major Kuehne + Nagel (K+N) has announced that it will acquire the overland and logistics activities of Dutch-based Rotra, a company with roughly 800 employees and annual revenue of over €100 million. K+N expects to leverage Rotra's network to expand its footprint across road...

Hong Kong-based Kerry Logistics has announced the acquisition of a majority interest in Turkey's Asav Lojistik Hizmetleri Anonim Sirketi (ASAV). Kerry said the acquisition will help it gain a major foothold in Turkey and further consolidate its network and capabilities in the region. ASAV has...

Italian holding company Atlantia has walked away from taking part in a €1 billion ($1.1 billion) plan to rescue financially ailing flag carrier Alitalia. Atlantia had been linked to a €300 million investment in Alitalia in return for a 30% stake. Active in the infrastructure sector, including...

Consolidation in the cold storage industry is continuing at breakneck speed, with Lineage Logistics reportedly acquiring Emergent Cold. Michigan-based Lineage Logistics was already ranked as the largest refrigerated warehouse company in the world by the International Association of Refrigerated...

Mountain Valley Express,  a less-than-truckload carrier headquartered in Stockton, California, has been acquired by an international buyer. The acquisition was announced by Affinity Ventures, an Albuquerque, New Mexico-based firm that said it acted as the merger and acquisition adviser to Mountain...

U.K.-based low-cost carrier EasyJet has staved off competition from rivals to acquire lucrative takeoff and landing slots at two U.K. airports. Suitors for the slots included International Consolidated Airlines Group (IAG), parent of British Airways and several other carriers, as well as Budapest-...

Boston's Evan Efstathiou is best known in maritime circles for his freight-tech landscape product, a frequently updated display that puts ocean shipping's technology ecosystem into visual context. Since he began curating the "map" in 2009, a "B&V" emblem has been in the picture. It is the logo...