A countercyclical truckload (TL) mergers and acquisitions market appears to have developed, at least in comparison to broader M&A or even normal TL deal flow. During a virtual fireside chat at the FreightWaves Carrier Summit on Thursday, FreightWaves Chief Strategy Officer JT Engstrom and Spencer Tenney, president and CEO, Tenney Group, discussed the current interest in trucking deals.
Tenney Group is an advisory firm focused on M&A in the transportation industry.
Tenney said broader M&A activity...