Heartland Express Inc. announced weaker-than-expected earnings in the third quarter on Oct. 27 as higher expenses related to Interstate Distributor Co. dragged results down despite higher revenue.
October 27, 2017acquisition News Updates
FBI Group Acquires Third Canadian Freight Brokerage Firm
Freight Brokers International Corp., a freight brokerage firm in Vaughan, Ontario, that goes by the name The FBI Group, has agreed to acquire another brokerage firm, Consolidated Carriers, based in Markham, Ontario.
October 10, 2017TMC Workforce Expands Supply Chain Business With Purchase of Summitline Industries
TMC Workforce Solutions, a national staffing and recruiting firm based in Houston, announced it has acquired Summitline Industries in Fort Wayne, Ind., as part of an effort to expand its supply chain support business.
October 9, 2017C.A.T. Holding Boosts Truckload Business in Canada With Purchase of SLH Transport
Canadian American Transport Holding Inc. announced that it has acquired SLH Transport in Kingston, Ontario — a move that triples the size of its truck fleet in Canada and provides stability for employees of SLH Transport, a carrier whose owner, Sears Canada, filed for bankruptcy protection in June.
October 6, 2017Warren Buffett Isn’t Losing Sleep Over Self-Driving Trucks
Daseke Adds 13th Operating Company, R&R Trucking of Missouri
Flatbed group Daseke Inc. purchased its fourth motor carrier this year, bringing R&R Trucking into the corporation and adding defense transportation to its capabilities.
September 5, 2017Beacon Roofing Supply Agrees to Acquire Allied for $2.6 Billion
Beacon Roofing Supply Inc. has agreed to acquire Allied Building Products Corp., based in East Rutherford, N.J., for $2.6 billion.
August 28, 2017Wabash Reaches Agreement to Acquire Supreme Industries
Trailer maker Wabash National Corp. has reached an agreement to acquire truck-body manufacturer Supreme Industries, a move that would catapult Wabash to the second-largest U.S. truck-body manufacturer as it expands its focus on e-commerce equipment.
August 9, 2017Bridgestone HosePower Announces Acquisition of Seattle-Based Hydraulic Hose Co.
ORANGE PARK, Fla. — Bridgestone HosePower said on July 10 it’s expanding its hose business in the U.S. Pacific Northwest by acquiring Fittings Inc., a Seattle-based hydraulic and industrial hose sales and service company.
July 10, 2017Michelin to Purchase Fleet Telematics Firm NexTraq
Tire maker Michelin agreed to acquire NexTraq, a U.S. provider of commercial fleet telematics, in an all-cash transaction.
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