M&A

Atlanta-based Stord, provider of high-volume fulfillment services and e-commerce technology for leading brands, announced today it has completed its acquisition of Atlanta-based Ware2Go, a UPS subsidiary comprised of a nationwide network of certified warehouses and technology to streamline fulfillment across sales channels, and a flexible business model that eliminates long-term contracts and order minimums. 

Along with acquiring Drexel’s 3PL business, Kenco said this acquisition also includes Drexel’s four London, Ontario-area physical locations—which are equidistant from Toronto, Detroit, and Buffalo and operate as multi-client distribution spaces in a campus-like environment, and enable Drexel’s resource sharing and more flexible operations, coupled with 100 Drexel associates becoming Kenco employees.

Descartes says the move will expand its carrier network and offer better tools for customers managing domestic freight.

Logistics Management Group News Editor Jeff Berman recently interviewed Jason Seidl, Managing Director, Industrials - Airfreight & Surface Transportation, TD Cowen, at the SMC3 JumpStart 2025 conference in Atlanta.

In what could be viewed as a largely down freight market in recent years, driven by various factors, including inflation, uneven demand, and sluggish manufacturing, among other factors, a more stable part of the freight market appears to be an increase in logistics-focused mergers and acquisitions (M&A) activity.

A BlueGrace spokesman told LM that FreightCenter provides BlueGrace with several strategic advantages for the company’s current operations.

The $56 billion a year less-than-truckload (LTL) industry is changing in ways unforeseen even five years ago.

Schneider said the acquisition price is around $390 million and is subject to certain adjustments, adding that the deal includes separate agreements to purchase certain real estate assets related to Cowan Systems’ business for around $31 million in cash.

LM Group News Editor Jeff Berman recently spoke with Doug Waggoner, CEO of Chicago-based 3PL Echo Global Logistics. Waggoner offered up insights on various logistics and supply chain trends and themes, including: freight economic conditions, capacity and rates, M&A, and technology, among others.

Descartes said that the acquisition price was roughly $110 million.

DSV said that this deal will augment the company’s global network, expertise, and competitiveness, adding that bringing Schenker in will provide access to new markets and strengthen its global network and capabilities, coupled with increased reach and opportunities to serve customers.

Following a June announcement in which Atlanta-based global freight transportation and logistics services provider UPS said it had formally entered into an agreement to sell its Chicago-based truckload brokerage unit, Coyote Logistics, to Charlotte, N.C.-based full truckload broker RXO Logistics, for $1.025 billion, RXO said today that the deal is now official.

Danish logistics company DSV has won the race to buy DB Schenker, the logistics arm of Deutsche Bahn, in a deal worth $15.4 billion. This acquisition, expected to be finalized soon, will make DSV the largest freight forwarder in the world, surpassing Swiss competitor Kuehne + Nagel.

Following a March announcement in which it said it acquired Dallas-based One Network Enterprises (One Network), a global provider of intelligent control towers and its Digital Supply Chain Network platform, which focuses on driving demand, supply, and logistics management effectiveness and efficiency, for $839 million, Scottsdale, Ariz.-based Blue Yonder, a provider of AI-driven and end-to-end supply chain management services, recently announced that the deal has been made official.

CHR officials said a key driver behind this decision was made as part of the its enterprise strategy “to get fit, fast, and focused,” including focusing on the services that are among its core strengths, like global ocean and air and North American truckload and less-than-truckload.