Schenker buys USA Truck and signed deal to acquire USA Truck Inc for $435 million cash, which last year produced a profit of nearly $25 million on revenues of $710 million. A year earlier, those numbers were $4.7 million and $551 million…
Heartland buys Smith Transport Heartland Express Inc. has acquired dry van truckload carrier Smith Transport Inc. and related entities for about $170 million. The Smith companies will continue to operate from Roaring Spring under the leadership of Todd Smith…
KAG Logistics acquires American PetroLog LLC, a Lafayette, La.-based company providing multi-modal distribution services to the petrochemical industry. KAG Logistics is a major logistics provider in the petroleum, renewable fuels, specialty products, food products and…
LGT acquires Jason Thomas Trucking, a provider of liquid fertilizer transportation in the Midwest. The acquisition of Jason Thomas Trucking boosts LGT Transport’s growth in the agricultural sector. LGT Transport did not disclose the price of the acquisition.
Forward Air acquires Edgmon Trucking. Intermodal drayage company generating about $22 million in revenue each year in Kent, Washington. Edgmon serves the ports of Seattle and Tacoma, operating a five-acre facility in Kent and a…
MAC Trailer acquires Bullet Trailer. This facility now is formally MAC Bullet Manufacturing, currently located at 410 Factory Road in Sunnyside, Wash. Expanded its aluminum dump trailer product line with the purchase of Bullet Trailer.
Rand McNally acquires Fleetsu and its flexible platform, in a move to elevate its place in the connected vehicle space according to a joint announcement. The transaction combines Rand McNally’s fleet business with Fleetsu’s platform,…
Cummins is acquiring Meritor in a deal that will give the company a broad reach in traditional power-trains and components as well as accelerating its development of battery-electric and fuel-cell-electric propulsion systems, Cummins said.
Cummins buying Jacobs Vehicle Systems. Best known for the Jake Brake, today Jacobs also provides cylinder deactivation, start-and-stop and thermal management technologies. It’s a homecoming of sorts; in 1961, Jacobs introduced the first engine brake…
J.B. Hunt Transport announced Jan it entered an agreement to acquire furniture hauler Zenith Freight Lines for $87 million. The deal is expected to bolster J.B. Hunt’s final-mile and furniture delivery network.
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