Isuzu Acquires UD Trucks
Isuzu Motors has acquired Japan-based UD Trucks (formerly long known as Nissan Diesel) from the Volvo Group for about $2.2 billion, company said recently. The transaction is estimated to have a positive impact on the…
Tagged: Acquisitions
Acquisitions News Archives
Tank Transport Trader presents the latest news on industry company Acquisitions, mergers, takeovers – and more news for the transportation & liquid dry-bulk industry –
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Betts Acquires Rite-Way
Betts Co. has acquired Rite-Way Axle and Suspension in Sun Valley, Calif. The truck parts and repair service center will now operate under the Betts Truck Parts and Service division. While offering many of the…
ThompsonGas Expands Holdings
ThompsonGas, based in Frederick, Md., has acquired All Service Propane, a propane provider based in Anderson, Calif, in the northern region of the state. “We are pleased to announce that we have added All Service…
Goodyear Acquiring Cooper Tire
Goodyear Tire and Rubber Co. has entered into a definitive transaction agreement to acquire Cooper Tire and Rubber Co. in a deal valued at about $2.8 billion. The transaction, subject to customary closing conditions, is…
UPS & TFI sign $800 million deal
UPS is selling its UPS Freight less-than-truckload (LTL) division to TFI International Inc. for $800 million. The decision to sell UPS Freight aligns with the company’s “better not bigger” strategic positioning, according to a UPS…
5 Trucking Merger & Acquisition Takeaways
The trucking merger and acquisition arena was anything but ordinary in 2020. Within the liquid/dry bulk vertical we saw several transfers of ownership. A few notable transactions included: Kenan Advantage’s purchases of Fort Transfer, Paul’s…
Bosselman Acquired Kersten Trailer Sales
Grand Island, Neb. – Bosselman Tank and Trailer (BT&T) in Aug announced the completion of the acquisition of Kersten Trailer Sales (KTS) in Henderson, CO, a suburb of Denver. Both businesses focus on cargo tank…
JB Hunt Acquired Mass Movement
J.B. Hunt is further expanding its final-mile business with the purchase of Mass Movement, which specializes in logistics and delivery for the commercial fitness industry. “Mass Movement presents an opportunity to expand our expertise in…
Fraley and Schilling Acquires KBT
Fraley and Schilling Holdings of Rushville, Ind., has acquired KBT Enterprises Inc., a pneumatic dry bulk trucking company based in Fishers, Ind. The acquisition was finalized Dec. 31, 2020. KBT will operate as a subsidiary…
TLSS Plans to Buy Cougar Express
Transportation and Logistics Systems (TLSS), said it plans to acquire logistics provider Cougar Express. Cougar Express provides pickup, delivery and warehouse services through its facility in Valley Stream, N.Y. The company offers one to four-person…