acquisition

Software vendor E2open LLC will acquire the global trade management software provider Amber Road  (NYSE: AMBR) for $425 million and take it private, E2open announced on May 13. The acquisition will allow customers to operate their entire end-to-end supply chain – from sourcing to...

GTI Transport Solutions has acquired Jetco Delivery, growing the Canadian specialty carrier's presence in the U.S. with the Texas-based company's flat-bed and heavy-haul fleet. Montreal-based GTI, owned by Canadian private equity firm Novacap, announced the deal on May 13. It gives GTI a...

Third-party logistics and multimodal transportation services company, Radiant Logistics, Inc. (NYSEAMERICAN: RLGT), reported earnings of $0.11 per share for the quarter ending March 31, 2019 (RLGT's third fiscal quarter 2019), $0.04 better than the consensus estimate and $0.06 better year-over-...

Automotive parts, tires, fuels and lubricant specialist U.S. Venture has bought energy information and supply chain management company Breakthrough Fuel for an undisclosed sum. Both companies are based in Wisconsin. USV has been invested in Breakthrough since 2006 and USV has been steadily...

  A court has cleared the way for TFI International (TSX:TFI) to acquire assets of bankrupt courier BeavEX, allowing TFI International to expand its last-mile profile in the United States. TFI announced on April 17 that it will pay $7.2 million for selected assets and liabilities of BeavEx,...

  Americold Realty Trust (NYSE: COLD), a real estate investment trust specializing in developing and operating temperature-controlled warehouses, said it has acquired privately held Cloverleaf Cold Storage from its management and a private equity investor group for $1.24 billion. The...

  TeleSense, a grain storage Internet of Things (IoT) company based in Sunnyvale, California, has acquired Webstech, a Danish wireless sensor technology company that specializes in designing IoT technology for grain and food produce storage. This acquisition will help TeleSense sit on top of...

  WebCargo, a Freightos company, has announced the acquisition of Air Freight Bazaar, a regional air cargo rates and sales platform based in Chennai, India. The Indian air cargo industry is one of the fastest growing in the world, with a 16.9 percent growth rate in 2017. Indian airports at...

Oakville, Canada-based Geotab, one of the world's largest supplier of sensors for commercial vehicles, today announced that it has signed an agreement to acquire BSM Technologies. Toronto-based BSM provides telematics and asset-management solutions to more than 165,000 vehicles across...

Tennessee Steel Haulers (TSH), a Nashville-based flatbed logistics company, was in its second generation of leadership when Daseke (NASDAQ: DSKE), the Addison, Texas-based flatbed and specialized transportation giant, acquired the family-owned business in 2017. Several factors drove the family to...

With talk of a looming recession, analysts predict that given a downturn there will be a short list of growth industries capable of delivering a healthy return on investment. Cannabis is near the top of it: Spending on legal cannabis in the U.S. is expected to increase from $12.9 billion in 2019 to...

Good day, In a striking private equity deal, Providence Equity Partners has agreed to buy GlobalTranz (GTZ), a top 10 third-party logistics provider (3PL), back from The Jordan Company after selling GlobalTranz to Jordan for approximately $400 million in June. An investment banker who was not...

Canadian trucking company Bison Transport acquired H.O. Wolding Inc., or HOW, a 320-truck dry van fleet headquartered in Amherst, Wisconsin, on April 1. HOW has truckload operations in the Midwest, Northeast and Southeast regions of the U.S. The acquisition of HOW represents a strategic investment...

Contship Italia SpA has sold its 50 percent share in the southern Italian port of Gioia Tauro, which includes the Medcenter Container Terminal (MCT), to Mediterranean Shipping Company (MSC) a source told FreightWaves. Eurokai owns two-thirds of Contship Italia SpA; Eurogate owns the remaining one-...

  Fortna, a supply chain automation design and implementation company, announced today that it entered into a recapitalization agreement with private equity firm Thomas H. Lee Partners, L.P (or THL). Terms of the transaction were not disclosed and the deal remains subject to closing...