acquisition

It looks like Wall Street was undervaluing Echo Global Logistics. In a deal announced Friday morning, the private equity firm Jordan Co., which has 3PL experience in an earlier ownership of GlobalTranz, said it was acquiring Echo for $48.25 per share. That is a roughly 54% premium over the...

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Canada Cartage has acquired Rapid Delivery, a Canadian trucking company specializing in dedicated domestic and cross-border dedicated freight services. The deal, announced Thursday, adds around 20 power units and two Ontario terminals — in London and Windsor. It marks the fourth acquisition in...

Since being acquired by Chicago-based equity firm Wind Point Partners in 2019, A&R Logistics has been on a buying spree to expand its fleet footprint and grow its comprehensive suite of supply chain services, including warehousing, packaging, and transportation-focused on the chemicals and...

Intermodal logistics provider RoadOne announced Wednesday it has acquired intermodal transportation provider Rose Transportation. Headquartered near Pittsburgh, Rose Transportation serves rail and port facilities in the East and as far west as Chicago with a staff of more than 200 drivers. The...

Automotive trade platform TRADE X has acquired Techlantic, a Canadian company specializing in vehicle exports. Ontario-based TRADE X announced the acquisition on Tuesday. The company did not disclose the price.  The deal will enhance and grow TRADE X's existing capabilities, including logistics...

The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Baanx, the fast-growing B2B2C "Better than a Banking Platform” specializing in fintech services & lending, becomes the...

Ensuring competitive access and fortifying passenger rail service are two of the goals that stakeholders want the Surface Transportation Board to achieve as it mulls CSX's proposed acquisition of New England short line Pan Am Railways. Opponents and skeptics about the acquisition want STB to make...

Just as Transplace is about to disappear as a separate company, to be acquired by Uber Technologies and partner with the Uber Freight division, Moody's Investors Service has opened a window into some of the transportation management company's finances. The recently released Moody's report did not...

Electric commercial vehicle maker VIA Motors is being acquired by Ideanomics in a deal that values the company at $450 million. Under the terms, Ideanomics (NASDAQ: IDEX) will purchase Orem, Utah-based VIA in an all-stock transaction, with VIA stockholders receiving 162 million shares of...

Same-day delivery firm Point Pickup Technologies has acquired GrocerKey, a white label e-commerce technology platform. Point Pickup expects the acquisition to provide it an end-to-end e-commerce platform, from pick-and-pack to last-mile delivery. Terms were not disclosed. "With almost 68 million...

HEXO Corp (TSX: HEXO) (NASDAQ: HEXO) reported Wednesday that its shareholders approved the previously announced acquisition of family-owned Canadian cannabis producer Redecan. In exchange, the Ottawa-based company agreed to pay $400 million in cash in addition to the issuance of 69,721,116...

The networking hardware maker reported earnings last week, with earnings coming in better than expected but guidance came in slightly below what analysts had expected. With its startup acquisition engine humming, Cisco Systems Inc (NASDAQ: CSCO) bought its way to global success as it acquired more...

Kansas City Southern shareholders will wait until Sept. 3 to decide whether they will approve the merger agreement with Canadian railway CN. KCS (NYSE: KSU) had planned to hold the shareholder vote on Thursday, but it opted to postpone the meeting until after the Surface Transportation Board...

Global freight forwarder JAS Worldwide announced it has entered into an agreement to acquire the forwarding, logistics, and supply chain management unit of Greencarrier Group. Founded in 2000, Gothenburg, Sweden-based Greencarrier Freight Services International provides sustainable logistics...