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 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…
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…
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…
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 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…
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…
Wiskerchen Cheese Buys All Star. Wiskerchen Cheese Inc. (WCI) of Auburndale, Wis., has acquired the assets of All Star Ltd. In Fond du Lac, Wisconsin, company officials said. Moving forward, the new entity will conduct business as All Star LLC…
Hendrickson of Woodridge, Ill., has acquired the Motor Wheel brake drum and Crewson slack adjuster business segments from Stemco and its parent company EnPro Industries, company officials said. The segments are based in Chattanooga, Tenn…
Bulkmatic, one of that largest dry bulk transporters in North America, said it recently acquired Paris Transport Inc. and has started operations at the terminal and warehouse location in Paris, Ill. Customers of Paris Transport…
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