Mergers and Acquisitions

With an expected December 1 date for the application regarding the historic $85 billion proposed merger between Class I railroad carriers Union Pacific and Norfolk Southern, there was no shortage of opinions regarding the deal at the RailTrends conference.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Ben Gordon, founder and managing partner of Palm Beach, Florida-based Cambridge Capital, and managing partner of Ben Gordon Strategic Advisors.

DSV said that the objective of these acquisitions are three-fold: to augment its position within the semiconductor industry; align with its new Phoenix-Mesa Gateway Airport operations; and support its growing cross-border services into Latin America. It added that these acquisitions are expected to be made official next month.

Demand for dry and cold chain warehousing remained strong in 2022 and is expected to continue climbing steadily in 2023. As the sectors continue to evolve, warehouse operators are attracting investor attention, consolidating, and changing their names.

Omaha, Neb.-based Werner Enterprises, a global freight transportation and logistics services provider and the nation’s seventh-largest truckload carrier, said this week it has acquired Tampa, Fla.-based Reed Transport Services Inc. and RTS-TMS Inc., through the signing of a definitive agreement and closing on the acquisition of 100% of Reed’s stock.

Werner Enterprises, already the sixth-largest carrier in the TL market with $2.7 billion in revenue last year, expanded its terminal, fleet and driver footprint in mid-America by purchasing Milan, Ind.-based Baylor Trucking. Terms were not disclosed.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews John Larkin, Operating Partner for Clarendon Capital.

DB Schenker said it will acquire all outstanding shares of USA Truck common stock for $31.72 per share in cash, adding that the transaction values USA Truck at roughly $435 million, including assumed cash and debt.

The report said that DSV is looking to expand in North America, adding that CHR’s global forwarding business would provide DSV with what it called critical access to trans Pacific ocean trade lanes, with the global forwarding business potentially having a $9 billion price tag.

Earlier today, the boards of directors of Greenwich, Conn.-based global contract logistics services provider GXO Logistics Inc. and London-based Clipper Logistics plc, a provider of omni-channel retail logistics services, said that they have come to terms on a recommended cash and share acquisition, in which Clipper will be acquired by GXO.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Ben Gordon, founder and managing partner of Palm Beach, Florida-based Cambridge Capital, and managing partner of Ben Gordon Strategic Advisors.

Combination facilitates end-to-end management from source to omni-channel fulfillment from one cloud-based solution.

A major freight railroad deal was announced this week, with Darien, Conn.-based short-line railroad carrier Genesee & Wyoming (G&W) Inc. set to be acquired by Brookfield Infrastructure Partners, a global infrastructure company in the utilities, transport, energy, and data infrastructure sectors in North and South America, Asia Pacific, and Europe, and investment firm GIC. The purchase price of the acquisition is at around $8.4 billion, including debt, and it is expected to close by the end of this year or...

Waterloo, Ontario-based Descartes, a provider of logistics based on-demand, software-as-a-service offerings, said this week it has acquired Nelson, New Zealand-based CORE Transport Technologies NZ Limited, an electronic transportation network that provides global air carriers and ground handlers with shipment scanning and tracking solutions.

The many moving parts that have been part of the interactions in recent months between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter’s pursuit of the former as an acquisition target, have taken yet another turn, with the companies announcing today that they are going to merge.