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Mergers & acquisitions running at fast pace in booming trucking market
| 题名： | Mergers & acquisitions running at fast pace in booming trucking market |
| 正文语种： | eng |
| 作者： | John D. Schulz |
| 摘要： | The current spate of trucking mergers and acquisitions will continue as long as low interest rates, the driver shortage, and favorable economic conditions for carriers remain, top industry experts say. In fact, the summer headlines in the transport press on notable trucking M&A activity have been impossible to ignore.1.Uber Freight is acquiring non-asset-based third-party logistics services provider Transplalace, a deal valued at $2.25 billion. Transplace CEO Frank McGuigan said that the deal would give shippers "greater efficiency and transparency," as well as improving carriers' operating ratios. "All in all, we expect to significantly reduce shipper and carrier empty miles to the benefit of highway and road infrastructures and the environment," he added.2.Knight-Swift, the nation's largest truckload (TL) carrier, bought less-than-truckload (LTL) carrier AAA Cooper for $1.35 billion. Knight-Swift CEO Dave Jackson said the acquisition fulfilled "a long interest" to enter the LTL space. "I couldn't be happier to finally find the right time for both of us to create a partnership," Jackson added. |
| 出版年： | 2021 |
| 期刊名称： | Logistics Management |
| 卷： | 60 |
| 期： | 9 |
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