acquisition News Updates

Business

Heartland Express Profits Drop 37% After Added Expenses From IDC Acquisition

Heartland Express Inc. announced weaker-than-expected earnings in the third quarter on Oct. 27 as higher expenses related to Interstate Distributor Co. dragged results down despite higher revenue.

October 27, 2017
Business, Logistics

FBI Group Acquires Third Canadian Freight Brokerage Firm

Freight Brokers International Corp., a freight brokerage firm in Vaughan, Ontario, that goes by the name The FBI Group, has agreed to acquire another brokerage firm, Consolidated Carriers, based in Markham, Ontario.

October 10, 2017
Business, Logistics

TMC Workforce Expands Supply Chain Business With Purchase of Summitline Industries

TMC Workforce Solutions, a national staffing and recruiting firm based in Houston, announced it has acquired Summitline Industries in Fort Wayne, Ind., as part of an effort to expand its supply chain support business.

October 9, 2017
Business, Logistics

C.A.T. Holding Boosts Truckload Business in Canada With Purchase of SLH Transport

Canadian American Transport Holding Inc. announced that it has acquired SLH Transport in Kingston, Ontario — a move that triples the size of its truck fleet in Canada and provides stability for employees of SLH Transport, a carrier whose owner, Sears Canada, filed for bankruptcy protection in June.

October 6, 2017
Business, Technology, Equipment, Autonomous

Warren Buffett Isn’t Losing Sleep Over Self-Driving Trucks

“Trucks are going to be around for a very long time.â€

October 4, 2017
Business, Equipment

Daseke Adds 13th Operating Company, R&R Trucking of Missouri

Flatbed group Daseke Inc. purchased its fourth motor carrier this year, bringing R&R Trucking into the corporation and adding defense transportation to its capabilities.

September 5, 2017
Business

Beacon Roofing Supply Agrees to Acquire Allied for $2.6 Billion

Beacon Roofing Supply Inc. has agreed to acquire Allied Building Products Corp., based in East Rutherford, N.J., for $2.6 billion.

August 28, 2017
Business, Equipment

Wabash Reaches Agreement to Acquire Supreme Industries

Trailer maker Wabash National Corp. has reached an agreement to acquire truck-body manufacturer Supreme Industries, a move that would catapult Wabash to the second-largest U.S. truck-body manufacturer as it expands its focus on e-commerce equipment.

August 9, 2017
Business

Bridgestone HosePower Announces Acquisition of Seattle-Based Hydraulic Hose Co.

ORANGE PARK, Fla. — Bridgestone HosePower said on July 10 it’s expanding its hose business in the U.S. Pacific Northwest by acquiring Fittings Inc., a Seattle-based hydraulic and industrial hose sales and service company.

July 10, 2017
Business, Technology

Michelin to Purchase Fleet Telematics Firm NexTraq

Tire maker Michelin agreed to acquire NexTraq, a U.S. provider of commercial fleet telematics, in an all-cash transaction.

June 19, 2017