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.
New Braunfels, Texas-based Rush Enterprises, which operates the largest network of commercial vehicle dealerships in North America, has become even larger. Rush announced it has acquired 16 locations from Summit Truck Group, one of the…
Groendyke Transport Inc. of Enid, Okla., and Georgia Tank Lines (GTL) have signed a purchase agreement for Groendyke to acquire all the tank-truck assets of GTL. The companies anticipate a closing date of Jan…
Brightstar Capital Partners has signed a definitive agreement to acquire Novae Corp. in partnership with the company’s founder and senior management team, the private equity firm reported Dec. 15. Steve Bermes, chief executive of Novae…
PSC, the nation’s largest network of commercial parts and repair facilities for the tank-trailer and tank-truck industry, has announced its acquisition of Grace Trailer Service, a leading tank- trailer service and repair business with three…
Transportation giant Hub Group Inc. said it has acquired truck brokerage Choptank Transport Inc., which specializes in refrigerated transportation, for $130 million in cash, a move that puts Hub in the over-the-road reefer business for…
Kenworth Mid Atlantic has announced the acquisition of PacLease of Maryland, a commercial truck leasing and rental business that will operate at its four Kenworth dealerships. The new operation will be known as All Roads Rental and Leasing…
Andlauer Healthcare Group (AHG) has acquired 100% of Boyle Transportation for $80 million. In addition to the Boyle acquisition, AHG has acquired the remaining 51 percent of Skelton USA after the group previously acquired the first 49%
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