Mergers and Acquisitions

Mergers and acquisitions could happen among the Class I railroads within the next decade if regulatory and economic factors drive railroads to see mergers as a path to greater efficiency and expanded capacity, according to industry observers. "I just feel it's inevitable at some point. It's a...

C.A.T.  acquired Penner International on Monday in a bold acquisition that expands the cross-border carrier's footprint in western Canada and increases its fleet by about 50%.  C.A.T. aims to ramp up its east-west moves in Canada with the addition of the Manitoba-based truckload carrier. The...

The majority of transportation and logistics executives expect their businesses to grow by more than 10% in 2020 and say they are "very likely" to consider a merger, acquisition, investment or other transaction in 2020, according to survey data gathered at BGSA's annual conference.  Last week at...

Jet Airways, an important player in the Indian air cargo market before Indian aviation authorities shut it down, is receiving renewed interest from potential buyers. Authorities grounded Jet, which operated 37 routes across India and 19 international routes, in April because of an acute cash...

The freight rail industry, and short line railroads in particular, will likely continue to be the target of mergers and acquisitions (M&As) in 2020 and beyond because private equity firms are recognizing the long-term value of infrastructure assets, according to industry observers. This year...

Z Holdings Corporation (OTC: YAHOY), better known by its former name Yahoo! Japan, and Line Corporation (NYSE: LN) announced on Monday they reached an agreement on their merger. What Happened The internet services provider Yahoo! Japan and messaging and mobile payments company Line will merge...

We start the day with positive tariff news, and then go to Disneyland after the close. After a couple days of treading water, the market feels a little less stodgy Thursday thanks in part to news reports that the U.S. and China have agreed to lift tariffs in phases and are having “...

Good day, Italian auto manufacturer Fiat Chrysler Automobiles (NYSE: FCAU) and Groupe PSA, the French carmaker that owns Peugeot, have decided to merge the two companies to create what will be the world's fourth-largest automobile manufacturer. The 50:50 merger is estimated to be worth €40 billion...

Strategic and financial buyers want exposure to e-commerce's double-digit annual growth rates, but investment bankers at Armstrong & Associates' 3PL Value Creation Summit in Chicago last week said they advise clients to look for Amazon-proof businesses. Amazon.com, Inc.'s (NASDAQ: AMZN) entry...

Whether it is through fleet expansion, acquisition or simply yearly compliance, companies at some point will have to register their commercial vehicles for legal operation. Commercial vehicle registration, though, can be a tricky task that, if not handled correctly, results in vehicles sitting...

Two converging market forces, one secular and one cyclical, are poised to fuel another burst of merger and acquisitions activity in the transportation and logistics industry. The first is a secular trend of increasing sums of private equity capital entering the industry to back high-growth...

Today Chicago-based third-party logistics provider (3PL) Redwood Logistics announced that it has acquired Eminent Global Logistics, a Pennsylvania-based software consulting firm specializing in Oracle Transportation Management (OTM). Eminent, founded in 2003 by Kathy Moore, consists of 37 subject...

During the morning session at Transparency19 on May 6, Stifel investment banker John Larkin moderated a discussion about mergers and acquisitions between Renee Krug, CEO of GlobalTranz; Doug Waggoner, CEO of Echo Global Logistics (NASDAQ: ECHO); and Mark Yeager, CEO of Redwood Logistics. Themes of...

Three months since passage of the Agriculture Improvement Act of 2018 (2018 Farm Bill), companies looking to expand their footprint in the industry have started diving into the federally legal U.S. hemp market through start-ups or mergers and acquisitions (M&A). Most recently, Canada’s...