merger and acquisition

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...

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...

DX.Exchange, a cryptocurrency exchange desk that utilizes Nasdaq Inc (NASDAQ: NDAQ) technology, is temporarily shutting down, the company announced on Sunday. What Happened The Estonia-based company’s board of directors is seeking either a merger or a sale of the platform. If it fails to do...

Baby formula maker China Feihe Ltd. has reportedly started accepting orders from investors for its initial public offering. The company will be listed on the Stock Exchange of Hong Kong (SEHK). What Happened Feihe is looking to raise up to $1.14 billion for its IPO. To achieve this, the baby...

AirMap, an airspace intelligence platform for the drone economy, has acquired Hangar Technology, an automated drone operations business.  The acquisition, announced on September 23, continues AirMap's strategy of extending airspace management solutions to the broader drone sector and expands...

Heartland Express (NASDAQ: HTLD) used its debt-free balance sheet and ability to generate strong cash flows to make another acquisition. On August 26, 2019 Heartland announced that it had acquired dry van truckload (TL) carrier Millis Transfer for approximately $150 million. The lead up to the...

In January, wireless asset management solutions provider I.D. Systems (NASDAQ: IDSY) acquired out of bankruptcy the assets and customers of CarrierWeb, which offered real-time, in-cab mobile communications technology. That acquisition has already been paying dividends for I.D. Systems, as...

Sime Darby Berhad (BM: 4197) has directly told FreightWaves it paid about NZ$211 million (US$136 million) to acquire automotive and construction machinery dealer Gough Group of New Zealand. In response to questions from FreightWaves, following our initial reporting, Sime Darby commented that the...

AIT Worldwide Logistics announced its largest acquisition to date earlier this week. The global supply chain mainstay purchased Los Angeles-based Unitrans International Corporation in a play to bolster its international airfreight services.  AIT President and CEO Vaughn Moore said the company...

Mullen Group (TSX:MTL) has acquired two carriers in British Columbia, growing the Canadian transportation and oil services company's less-than-truckload and delivery business. Alberta-based Mullen purchased Argus and Inter-Urban, which generate a combined C$25 million (A Canadian dollar equals US$...

The pending acquisition of short line operator Genesee & Wyoming (NYSE: GWR) by Brookfield Infrastructure (NYSE: BIP) and GIC might not affect customers in the short-term, but in the longer-term, rail industry observers are waiting to see how and whether GWR will be able to make the capital...

FreightWaves CEO Craig Fuller discusses the acquisition of American Shipper in this video. FreightWaves, the leading source of news, data and insights for the freight markets, has acquired American Shipper, a leading news publication serving the global shipper community. American Shipper, founded...

Freight Brokers International, known as the The FBI Group, has acquired Lucas Freight Management, a fellow Canadian firm that offers cross-border transportation management. The FBI Group, an Ontario-based freight brokerage, announced the deal on June 4. Lucas Freight is a non-asset freight...

Wilson Logistics announced it has acquired the shares of Market Transport, a logistics company that serves the truckload market, primarily in the Pacific Northwest and the western United States, from Market Industries, a subsidiary of DSV A/S.  The transaction closed on May 31, 2019. Terms of the...

Kriska Transportation Group (KTG) has purchased Champion Express, expanding the Canadian company's freight brokerage business. The acquisition, announced on April 30, adds to Ontario-based Kriska's portfolio of seven transportation and logistics companies in Canada and the United States,...