This year has been busy in the trucking industry when it comes to mergers and acquisitions, particularly among Overdrive sister publication CCJ’s Top 250 for-hire carriers. Deals have been occurring among fleets of all sizes, however.
Just since the start of June, there have been more than a dozen notable mergers and acquisitions among the nation’s largest fleets.
Among acquisitions through June and July alone were:
August and the first two weeks of September haven’t shown signs of the acquisition market slowing, either.
Last week, Wharton, New Jersey-based Carbon Express was acquired by Kenan Advantage Group. At the beginning of September, Atlas Logistics, a subsidiary of Atlas World Group, acquired Progressive Transportation, Inc. of Wausau, Wisconsin.
PS Logistics, via its Loudon, Tennessee-based subsidiary Purdy Brothers Trucking, in August acquired Phoenix Leasing of Tennessee, while also reaching an agreement with Phoenix sister company Colonial Freight Systems to contract with its owner-operator drivers to continue service to its Southeastern cold-chain customers
PS Logistics also acquired Noble LLC, including Noble Trucking and Noble Logistics, through its DMT Trucking subsidiary.
