5 Biggest Logistics Mergers in The Last Decade
In the last decade, the logistics and trucking industry witnessed a wave of merger and acquisition activities. The improving economy and low fuel prices have made the logistics industry more attractive. Let’s take a look at the biggest M&A activities in the logistics industry in the last decade:
1. Schneider acquires Watkins & Shepard Trucking Inc.
In the backdrop of a fast growing e-commerce sector, the logistics giant announced its acquisition of Watkins & Shepard Trucking Inc. in June 2016. This move will help Schneider expand its reach. Missoula-based logistics company Watkins & Shepard is a leader in Less Than Truckload (LTL) shipping and provide logistics service for goods such as floor covering and furniture throughout North America. The company has over 800 drivers and operates through 20 terminals all over the country. The management of Schneider is hopeful that this deal will help them provide seamless and fast service to their customers and improve its visibility.
2. VersaCold Logistics Services acquires Coastal Pacific Xpress
One of the largest Canadian logistics company VersaCold acquired Coastal Pacific Xpress (CPX) at the beginning of this year. VersaCold specializes in handling and delivering temperature-sensitive goods while Coastal Pacific is a leader in delivering perishable products throughout the USA and Canada. CPX is famous for its reliable service and with this acquisition both the companies expect to become a comprehensive and fully integrated logistics solution provider in the USA and Canada.
3. Kintetsu world express buys APL Logistics
Japan’s Kintetsu World Express has sealed the deal to buy APL Logistics, a Neptune Orient Lines Ltd. company. With this move, the Japanese logistics solution provider is poised to expand its base outside Japan and reach out to the USA market. Singapore-based Neptune Orient Lines Ltd. was facing losses and decided to sell its logistics unit and focus on its core business of container line.
4. FedEx acquires Genco
In 2015, FedEx signed an agreement to acquire third-party logistics service provider Genco. The management of FedEx believes that this deal will improve their performance in terms of supply chain and logistics and will continue to drive growth. Genco has an annual revenue of $1.6 billion and has over 130 warehouse all over North America. The company will continue to operate as a subsidiary of FedEx.
5. Schneider Acquires Lodeso Logistics Delivery Solutions
Along with Watkins & Shepard, Schneider also acquired Lodeso Logistics Delivery Solutions this year. Based in New Zealand, Lodeso is one of the leading final-mile logistics service providers and specializes in delivering difficult to handle and over sized goods such as mattresses and furniture. The company used a special technology developed in-house to handle complex delivery. With this takeover, Schneider will be able to provide customized delivery solutions to their customers.
This list will give you an overall idea about the M&A activities in logistics and supply chain industry. If you are interested in logistics mergers and are looking for trucking consulting firms, then we can help you. We have extensive knowledge and expertise in providing M&A solutions. For more details, visit https://linqpartners.com/contact-us/