M&A

Infrastructure investment firms reportedly eye Kansas City Southern

A photograph of a Kansas City Southern train traveling through an open field.

Two major infrastructure investment firms, Global Infrastructure Partners and the Blackstone Group’s infrastructure segment, are mulling over whether to attempt to acquire U.S. Class I railroad Kansas City Southern (NYSE: KSU), according to an article in the Wall Street Journal (WSJ).

The article said the two firms are considering an acquisition and talking with banks about the prospect, according to the article. But the firms haven’t decided their course of action, and Kansas City Southern...

https://s29755.pcdn.co/news/infrastructure-investment-firms-reportedly-eye-kansas-city-southern

CH Robinson ‘still strong’, despite revenue declines in a ‘volatile’ Q2

“Solid”, “strong” and “well-positioned” is how CH Robinson described its second-quarter performance, despite net revenue falling 11.6%, to $614.5m, and income from operations declining by 17%, to $188.8m.
CEO Bob Biesterfeld said: “Despite a volatile environment, we were able to deliver solid performance across all of our business units, due to the tireless efforts of the CH Robinson team members around the world and our diversified portfolio of logistics services.
“We also …

The post CH...

https://theloadstar.com/ch-robinson-still-strong-despite-revenue-declines-in-a-volatile-q2/

Gebrüder Weiss continues global expansion plan with stake in Ibsen

Covid-19 does not appear to have held back the expansion ambitions of Gebrüder Weiss, which has invested heavily in recent months.
Its latest news is that it has taken over “large parts” of the operational side of Ibsen Logistics, continuing its strategy of boosting its air and sea division.
Ibsen employs 500 staff in air and sea, 180 of which are spread through eight German locations, which will give Gebrüder Weiss a stronger foothold …

The post Gebrüder Weiss continues global expansion plan...

https://theloadstar.com/gebruder-weiss-continues-global-expansion-plan-with-stake-in-ibsen/

Inside RLS Logistics’ plan to build a national network of cold chain warehouses

On Wednesday morning, July 22, RLS Logistics, a family-owned cold chain warehouse operator headquartered in New Jersey, announced an ambitious plan to build out a national network of family-owned cold chain facilities.

RLS Logistics was founded in 1968 and offers a diverse array of cold chain solutions, including truckload and less-than-truckload (LTL) transportation, warehousing, packaging, re-packing and e-commerce fulfillment. 

By teaming up with what it calls Partnering Regional Operators (or...

https://s29755.pcdn.co/news/inside-rls-logistics-plan-to-build-a-national-network-of-cold-chain-warehouses

Digital freight platform Kontainers bought for $12m by Descartes Systems

Kontainers, a digital freight platform, has been bought by Descartes Systems Group for $12m.
The deal includes up-front cash of $6m – based on satisfying revenue targets in the next two years – plus potential performance-based additions. Any earn-out will be payable in fiscal 2022 and 2023.
UK-based Kontainers’ platform offers quoting, booking, tracking and dashboard analytics, and also helps enable API for logistics service providers with rate management and back-office systems.
“We’ve …

The...

https://theloadstar.com/digital-freight-platform-kontainers-bought-for-12m-by-descartes-systems/

Transplace acquires ScanData, parcel managed transportation platform

This morning Transplace announced the acquisition of ScanData, a parcel managed transportation platform that optimizes 400 million parcel shipments worth more than $2 billion annually. Transplace manages $9 billion of freight in its network of shippers and carriers, offering technology solutions including process automation, visibility and network execution as well as value-added services including truck brokerage and intermodal.

Craftsman Capital Partners was the seller in the deal; financial...

https://www.freightwaves.com/news/transplace-acquires-scandata-parcel-managed-transportation-platform

Expeditors International expands digital offering in Fleet Logistics deal

unidentified LTL

Expeditors International (NASDAQ: EXPD) announced that it is purchasing the digital platform of Fleet Logistics.

The Seattle-based international freight forwarder said the acquisition will support its less-than-truckload (LTL) shipping platform, Koho.

Transaction terms were not disclosed.

“As we have said, we will continue to invest in technology and people. This acquisition extends the services within our Digital Solutions division and evidences our commitment to making investments in our...

https://s29755.pcdn.co/news/expeditors-international-expands-digital-offering-in-fleet-logistics-deal

Canadian carrier ‘plays to win’ with acquisition during pandemic slowdown

A tractor-trailer from Joseph Haulage Canada

Canadian carrier Joseph Haulage Canada has acquired Bergland Transport, a small cross-border trucking company serving the agriculture and food sectors.

The Ontario-based carriers closed the deal on Friday. The acquisition builds on Joseph’s diverse fleet of 350 trucks, which handle haulage and specialized bulk transport.

The deal marks one of the few acquisitions amid the slowdown in Canadian transport M&A activity during the COVID-19 pandemic.

“We have a motto: We should never let a crisis go to...

https://s29755.pcdn.co/news/canadian-carrier-plays-to-win-with-acquisition-during-pandemic-slowdown

Cold storage acquisition saves 850 jobs; Lineage Logistics acquires Maines

Temperature-controlled logistics providerLineage Logistics announced that it has acquired “substantially all of the operating assets” of food service distributor Maines Paper and Food Service.

Lineage’s acquisition of Maines’ last-mile distribution assets broadens its supply chain network in the quick serve restaurant (QSR) and casual dining markets. These warehouse and transportation assets primarily support brands like Burger King (Restaurant Brands International NYSE: QSR), Tim Hortons and...

https://www.freightwaves.com/news/cold-storage-acquisition-saves-jobs-lineage-logistics-acquires-maines

CBFCA members agree to tie the knot with AFIF

CBFCA members have now formally and officially agreed to merge with AFIF.
Photo Gerd Altman from Pixabay.

Members of the Customs Brokers and Forwarders’ Council have formally and officially agreed to merge with the Australian Federation of International Forwarders.

In late April, the AFIF advised that CBFCA members have endorsed the proposal that AFIF and CBFCA will merge into one body. The new entity will be known as the “International Forwarders and Customs Brokers Association of Australia”...

https://shippingaustralia.com.au/cbfca-members-agree-to-tie-the-knot-with-afif/

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