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acquisition
Business, Logistics

Kenan Advantage Group Enters Dry Bulk Sector

Kenan tanker truck

Kenan Advantage Group bought Northern Dry Bulk for an undisclosed sum, marking its first major foray into dry bulk haulage, the top-ranked tank transporter said.

Keiron Greenhalgh | Staff Reporter
February 15, 2024
Business, Equipment, Logistics

PS Logistics Unit Expands Flatbed Division in North Carolina

ELS flatbed

PS Logistics’ Blair Logistics unit announced it has acquired the flatbed division of Kenly, N.C.-based ELS for an undisclosed sum.

Keiron Greenhalgh | Staff Reporter
January 23, 2024
Business, Fuel

Sunoco to Buy NuStar Energy for $7.3 Billion

Sunoco gas station

Sunoco LP, a U.S. gas station owner, agreed to acquire pipeline and fuel storage company NuStar Energy LP for about $7.3 billion in a move to buy up more of a key part of its supply chain.

Bloomberg News
January 22, 2024
Business

Outlook Brighter for Trucking M&A Market in 2024

Getty Image depicting business merger

The trucking acquisition market is looking to enter a more active year with market conditions likely to drive buyers and sellers to the table in 2024, according to the Tenney Group.

Connor D. Wolf | Staff Reporter
January 19, 2024
Business, Logistics

BWT Logistics Purchases North Carolina-Based 3PL IET

Handshake

BWT Logistics is set to acquire Lowell, N.C.-based third-party logistics specialist International Express Trucking for an undisclosed sum.

Keiron Greenhalgh | Staff Reporter
December 21, 2023
Business, Logistics, For-Hire

Hub Group Buys Forward Air Final-Mile Unit for $262 Million

Hub Group truck

Hub Group Inc. is set to buy the final-mile unit of Forward Air Corp. for about $262 million in cash, Oak Brook, Ill.-based Hub Group said.

Keiron Greenhalgh | Staff Reporter
December 21, 2023
Business, Private

CRH Offers to Buy Australian Adbri in $1.4 Billion Deal

Australian stock exchange

Global building materials firm CRH Plc has offered to purchase Australian concrete maker Adbri Ltd. in a joint takeover proposal with Barro Group, valuing the target business at $1.4 billion.

Richard Henderson | Bloomberg News
December 18, 2023
Business, Equipment, Logistics, For-Hire

Canada Cartage Acquires GTI Group

Canada Cartage truck

Canada Cartage Corp. will buy GTI Group for an undisclosed sum, the company said.

Keiron Greenhalgh | Staff Reporter
December 4, 2023
Business, Technology

ConMet Buys TruckWings Creator TruckLabs

Truckwings

Heavy-duty commercial truck and trailer component manufacturer ConMet bought TruckLabs, whose products include the tractor-mounted TruckWings aerodynamic device, it said.

Keiron Greenhalgh | Staff Reporter
November 14, 2023
Logistics, For-Hire

Ryder to Buy Impact Fulfillment Services

Ryder truck

Ryder System Inc. is to buy IFS Holdings, also known as Impact Fulfillment Services (IFS), for an undisclosed sum, the Miami-based company said Oct. 23.

Keiron Greenhalgh | Staff Reporter
October 24, 2023

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