Profits at TFI International in the fourth quarter fell 14.4% compared with the same period a year earlier, as acquisitions softened the impact of a weak freight environment.

After a drop in merger and acquisition activity, analysts believe the market has turned a corner. Driven by uncertain economic conditions earlier this year, M&A has now started a rebound.

Third-party logistics specialist Warehouse Services said Sept. 28 it acquired Texas-based Sky Trans Group Holdings for an undisclosed amount.

The trucking merger and acquisition market is showing early signs of a rebound after a slowdown this year caused by uncertain freight and financial conditions.

TFI International is set to acquire Class 6 to Class 8 truck manufacturer transportation provider JHT Holdings Inc., it said Aug. 7.

Titanium Transportation Group acquired Oakwood, Ga.-based Crane Transport to drive growth of the Canadian company’s U.S. logistics business, it said.

The trucking industry is facing merger and acquisition headwinds amid declining freight demand and rising interest rates, but deal buzz remains, experts said.

Private equity firm ZS Fund has acquired dedicated contract carriage company Lily Transportation Corp., the company announced July 11.

Logistics Plus Inc. has acquired Dutch peer Jan Krediet in an effort to expand its European presence, the Erie, Pa.-based logistics service provider said June 22.

Truck Supply Co. of South Carolina announced its expansion into the St. Louis market with its purchase of Tractor Trailer Supply.