TFI still making deals, acquires Fleetway

TFI acquires Fleetway

One week removed from the $800 million blockbuster deal for UPS’ (NYSE:UPS) LTL division, UPS Freight, which netted it a top-5 market share in the less-than-truckload space, TFI International (NYSE: TFII) is back at it, this time acquiring a smaller truckload carrier.

The Canadian trucking and logistics company announced Monday the acquisition of Brantford, Ontario-based Fleetway Transport. The nearly 40-year-old company specializes in full TL shipments and heavy-haul flatbed loads.

Financial...

https://www.freightwaves.com/news/tfi-still-making-deals-acquires-fleetway

‘A perfect fit’ – Scan Global snaps up air and ocean forwarding arm of Werner

Scan Global Logistics has snapped-up Werner Global Logistics (WGL), the air and ocean forwarding arm of major US trucking brokerage Werner Enterprises.
WGL serves customers in the US, Mexico and China, its international forwarding operations generating $53m in 2020, and Werner said it would continue to provide North American truck brokerage, freight management, intermodal and final-mile services.
WGL is the latest in a string of acquisitions for Danish forwarder SGL after it …

The post ‘A...

https://theloadstar.com/a-perfect-fit-scan-global-snaps-up-air-and-ocean-forwarding-arm-of-werner/

Americold closes on $1.74B bid for Agro

Agro deal adds 46 facilities to Americold network

Temperature-controlled warehouse owner Americold Realty Trust (NYSE: COLD) announced the closing of its acquisition of Agro Merchants Group, the world’s fourth-largest cold storage operator. The $1.74 billion transaction was previously announced in mid-October.

The deal adds 46 facilities and 236 million cubic feet of refrigerated space to Americold’s network, which now includes 239 facilities with 1.41 billion cubic feet of cold storage.

Founded in 2013, the Netherlands-based Agro built a...

https://s29755.pcdn.co/news/americold-closes-on-174b-bid-for-agro

GATX picks up 18,000 tank containers in latest deal

GATX adds tank container fleet to portfolio

GATX (NYSE: GATX) announced Wednesday the acquisition of the fourth-largest tank container lessor globally, Trifleet Leasing Holding B.V., for 175 million euros ($215 million) in cash.

The Netherlands-based Trifleet owns and manages a portfolio of more than 18,000 tank containers, which it leases to providers in the chemical, industrial gas, energy, food, cryogenic and pharmaceutical sectors as well as tank container operators and shipping lines.

The all-cash deal closed Tuesday.

“Trifleet...

https://s29755.pcdn.co/news/gatx-picks-up-18000-tank-containers-in-latest-deal

FitzMark sells majority interest to private equity firm

FitzMark recapitalization allows 3PL to focus on growth

FitzMark announced the completion of a majority recapitalization with Calera Capital, in which the private equity firm has acquired a majority interest.

Terms of the deal were not disclosed.

The Indianapolis-based third-party logistics provider has been very active acquiring brokerage shops in recent months, suggesting the proceeds from the recapitalization will likely be earmarked for future acquisitions.

Earlier this month, FirstMark announced the acquisition of Fetch Logistics, its third...

https://www.freightwaves.com/news/fitzmark-sells-majority-interest-to-private-equity-firm

FitzMark acquires Fetch Logistics; third deal of 2020

FitzMark inks third deal of 2020

Indianapolis-based third-party logistics provider FitzMark announced Tuesday the acquisition of Fetch Logistics. The deal expands FitzMark’s network to five brokerage offices with 225 employees. Including Fetch, FitzMark projects consolidated revenue to be $300 million annually.

Financial terms of the transaction were not disclosed.

Founded in 1997, Fetch Logistics is based in Buffalo, New York, and provides third-party truckload, less-than-truckload and intermodal brokerage services throughout...

https://s29755.pcdn.co/news/fitzmark-acquires-fetch-logistics-third-deal-of-2020

Titan Transfer adds JTL Carriers to portfolio

Consolidation in truckload sector on the rise

National truckload carrier Titan Transfer has acquired dry van hauler JTL Carriers. Financial terms of the transaction were not disclosed. Transportation and logistics M&A advisory firm Tenney Group advised JTL on the deal.

Franklin, Wisconsin-based JTL Carriers is an asset-based, full TL carrier primarily serving the auto industry with a fleet of 75 tractors and 90 drivers.

Founded in 2000, Shelbyville, Tennessee-based Titan is a provider of freight transportation across the entire U.S. with a...

https://s29755.pcdn.co/news/titan-transfer-adds-jtl-carriers-to-portfolio

Hub Group’s $95M acquisition is path to being a last-mile market leader

Hub Group adds final mile to the offering

Intermodal marketing company Hub Group (NASDAQ: HUBG) announced Wednesday the acquisition of last-mile logistics provider NonstopDelivery (NSD) for $94.5 million. The Oak Brook, Illinois-based Hub Group said the acquisition provides it with a platform to become a top provider in the home-delivery sector.

Chantilly, Virginia-based NSD is a national non-asset-based final-mile provider specializing in basic and white-glove delivery of big and bulky items like furniture, exercise equipment and home...

https://www.freightwaves.com/news/hub-groups-95-million-acquisition-is-path-to-being-last-mile-market-leader

CSX confirms plans to acquire Pan Am Railways

A photograph of a CSX train pulling intermodal containers across a field.

CSX (NASDAQ: CSX) will buy short line Pan Am Railways after all.

The Eastern U.S. railroad said Monday that it has signed a definitive agreement to acquire the railroad. Financial terms weren’t disclosed.

CSX has been considering purchasing the New England short line for weeks, according to reports.

CSX says Pan Am’s subsidiaries make Pan Am the largest regional railroad in North America. The short line operates nearly 1,200 miles of track across New England, with access to multiple ports and...

https://www.freightwaves.com/news/csx-confirms-plans-to-acquire-pan-am-railways

E-commerce fulfillment outfit TLSS to acquire Cougar Express

TLSS enters agreement to acquire Cougar Express

E-commerce fulfillment provider Transportation and Logistics Systems (TLSS) (OTC: TLSS) announced plans to acquire logistics provider Cougar Express.

Cougar Express provides pickup, delivery and warehouse services through its facility in Valley Stream, New York. The company offers one- to four-person white-glove delivery service primarily in New York and New Jersey.

“We are very excited about the prospect of joining forces with the Cougar Express team, a profitable, family-run business with a...

https://s29755.pcdn.co/news/e-commerce-fulfillment-outfit-tlss-to-acquire-cougar-express

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