News

UPS Buys Coyote Logistics For $1.8 Billion

UPS has entered into a purchase agreement to acquire Coyote Logistics, a non-asset based truckload freight brokerage company for $1.8 billion from the global private equity firm Warburg Pincus. Coyote arranges freight shipments on available trucking capacity contracted to members of its carrier network of more than 35,000 trucking companies.

Roadrunner Acquires Stagecoach For Cross-Border Services

Roadrunner Transportation Systems has acquired Stagecoach Cartage and Distribution for $35 million plus an earn-out capped at $5 million, the company announced. Stagecoach is a provider of truckload and logistics services based in El Paso, Texas, with regional, intermodal and over-the-road truckload services throughout the southwestern U.S. and Mexico. It

Maverick Acquires Flanary and Sons Trucking

Maverick USA has acquired Church Hill, Tenn.- based glass carrier Flanary and Sons Trucking. Through the acquisition, Maverick will gain all of the assets of FAST including about 75 tractors and 175 trailers. FAST founder Curtis Flanary will be retiring while president Shon Flanary, and his brothers Aaron and Andre

PeopleNet Acquires Private Fleet Technology Provider Cadec

PeopleNet has acquired the assets of Cadec Global Inc., expanding the company’s mobility solutions in the foodservice and private fleet industries. Cadec provides web enterprise, business intelligence and back-end analytics tools for the foodservice and private fleet sectors. The company began offering these tools in 1976, pioneering several innovations in

Heniff Acquires Horizon Tank Lines

Heniff Transportation Systems has acquired Horizon Tank Lines, expanding Heniff’s footprint into the Southeastern U.S. Heniff is a liquid bulk carrier founded in 1998 by Robert J. Heniff. The company has operations across North America including the U.S., Canada and Mexico. With this acquisition, Heniff will now have 13 terminals

Forward Air Completes CLP Towne Purchase

Forward Air Corp. has formally completed is previously announced purchase CLP Towne Inc., combining two of the largest trucking companies moving freight to and from the nation’s airports. The purchase price was approximately $125 million. Founded in 1963, Towne is a full-service trucking provider offering time-sensitive less-than-truckload shipping, full truckload