acquisition

This story is developing. Canadian Pacific has revised its offer to acquire Kansas City Southern ahead of a shareholder meeting in which KCS shareholders would have to confirm their desire to merge with CP rival CN. CP (NYSE: CP) is offering a stock-and-cash "superior proposal" worth an estimated...

In 2020, A&R Logistics acquired First Choice Logistics and L.T. Harnett in an effort to scale its liquid chemical supply chain services.  Continuing that strategy, the Woodlands, Texas-based logistics company recently announced it had purchased liquid bulk services provider RJ's Transportation...

Expect an April decision on whether federal regulators will allow CSX to acquire New England short line Pan Am Railways, according to the Surface Transportation Board.  The board said Friday that it has accepted a request by CSX (NASDAQ: CSX) to consider CSX's application to acquire Pan Am...

Payments services provider Square (NYSE: SQ) announced on Sunday night that it was acquiring Afterpay for approximately $29 billion in stock. The deal is an all-stock transaction, with Square acquiring all the issued shares of Afterpay, pending a court-approved "Scheme of Arrangement." A Scheme of...

Ryder System (NYSE: R) was set to have a significantly better second quarter in 2021 than 2020 when it posted a big loss on the back of a drop in revenue because of COVID-19 and write-downs connected to the value of its used truck fleet. But the company blew away projections with a non-GAAP Q2...

Canadian bulk carrier Trimac Transportation announced Wednesday it has acquired technology-driven freight brokerage Zengistics Inc. Terms of the deal were not disclosed. "This is an exciting benchmark in our Trimac history and we are delighted to partner with such a dynamic team at Zengistics,"...

Aterian Investment Partners, a private investment firm, through its portfolio company Xpress Global Systems LLC, has acquired Delta Distribution/Michigan Carpet, a specialized flooring less-than-truckload company headquartered in Grand Rapids, Michigan.  The deal was announced Wednesday. No...

Internet security experts will tell you that it's savvy to have a different password for everything, but the reality is that most of us stick to one or two. It's not because we're inviting a security breach — it's just easier. End-to-end e-commerce-as-a-service provider Cart.com would probably...

On today's episode, Dooner and The Dude are talking to Uber Freight's (NYSE: UBER) Bill Driegert about the inside story on the blockbuster $2.25B acquisition of Transplace. Refraction AI's Luke Schneider tells us how his robots plan to take over last-mile delivery.  Nolan Transportation Group's...

Paschall Truck Lines parent Interstate Personnel Services (IPS) announced Thursday the recent acquisition of dry van carrier Transport Distribution Co. (TDC) and a related business. Founded in 1985, Joplin, Missouri-based TDC provides regional service in the central U.S., including the Midwest....

This is a developing story. More details to come. Uber Freight (NYSE: UBER) announced it will acquire Transplace for $2.25 billion — an acquisition that "will create one of the leading logistics technology platforms, with one of the largest and most comprehensive managed transportation and...

Midwest Carriers announced Tuesday that it recently acquired refrigerated hauler Osborn & Son Trucking. Fond du Lac, Wisconsin-based Osborn & Son operates a fleet of 21 tractors and 60 trailers out of its consolidation facilities in New Jersey and Illinois. The company was founded in 1898...

Canadian bulk carrier Trimac Transportation announced late Monday the acquisition of Southern California cement hauler Double Eagle Transportation. Based in Hesperia, California, family-owned Double Eagle operates a fleet of 96 tractors and 124 dry bulk pneumatic trailers. With 132 employees, 105...

CSX has resubmitted its application to acquire New England short line Pan Am Railways, saying the new filing provides a more in-depth market analysis that federal regulators were seeking. The railroad is seeking to prove to regulators and existing and potential Pan Am customers how the acquisition...

Zebra Technologies, which provides everything from mobile computers and printers to data capture and machine learning systems and even temperature monitoring and sensing technologies, is adding warehouse robotics to its portfolio. The Illinois-based global company will acquire Fetch Robotics, an...