M&A
Carrier Logistics acquired by private equity firm STG
Private equity firm STG announced on April 13 the acquisition of Carrier Logistics Inc., with the transaction amount undisclosed. The latter provides management software for LTL and small parcel carriers, and STG will drive the development of its AI agent platform, covering scenarios such as real-time scheduling, exception handling, and dock forecasting.
PlusAI, Churchill Capital call off merger
According to a securities filing submitted on April 21, PlusAI and Churchill Capital Corp IX agreed to terminate the merger agreement on April 20, citing market conditions, and the shareholder meeting originally scheduled for April 24 was subsequently canceled. A PlusAI spokesperson stated that the company remains committed to launching autonomous truck commercialization in Texas in 2027 and noted that its partnership with Traton Group is unaffected.
TA Dedicated to acquire Minnesota-based Triangle Warehouse
TA Dedicated announced the acquisition of Triangle Warehouse to enhance its warehousing and supply chain services in the Upper Midwest. The transaction includes approximately 150 power units, with specific terms not disclosed.
Kriska Transportation Group acquires Sharp Transportation Systems
Kriska Transportation Group (KTG) further expands its footprint in temperature-controlled transportation and cross-border logistics through the acquisition of Sharp Transportation Systems. Left Lane Associates served as advisor on the transaction, and Sharp will continue operations and retain its existing services.
Ace Doran adds NHH Services equipment, staff as new division
Ace Doran, an Ohio-based flatbed, heavy-haul, and specialized transportation company, announced the acquisition of equipment from NHH Services of Indiana, along with its drivers and office personnel, to form a new division. This move aims to expand its share of the heavy-haul market and support nationwide transportation operations.
Estes Logistics Acquires Washington State Family Carrier, Expanding Pacific Northwest Operations
Estes Logistics, a subsidiary of Estes Express Lines, announced the acquisition of Washington State family-owned business Key Trucking effective January 1, significantly expanding its footprint in the Pacific Northwest. The acquisition brings over 25 power units and 100 trailers, with all employees retained. Key Trucking will serve as a vital gateway for Estes Logistics to Alaska, and its existing customers will continue to receive the same level of service while gaining access to Estes' scale and resources.
Schneider National Q4 Operating Profit Down 14% Year-Over-Year
Schneider National released its financial results on January 29, showing a 14% year-over-year decline in fourth-quarter operating profit to $36.5 million, primarily due to weak freight demand and lower volumes. The company expects full-year 2026 earnings per share of $0.70 to $1.00. Despite the overall profit decline, the business from the Cowan Systems acquisition boosted truckload segment revenue by 9% year-over-year to $49.9 million. Management emphasized growth resilience in specialized areas such as food and beverage, home improvement, and automotive parts, and plans to continue expanding its dedicated transportation business.
Werner Enterprises Acquires FirstFleet for $282.8 Million in All-Cash Deal
Werner Enterprises announced on Wednesday that it has completed the all-cash acquisition of FirstFleet and 11 strategically located properties for a total of $282.8 million, with the properties portion valued at approximately $37.8 million. The transaction officially closed on Tuesday, adding approximately 2,400 tractors to Werner's dedicated transportation segment, bringing the total size of that segment to nearly 7,400 tractors. Werner expects the acquisition to drive approximately 50% growth in dedicated transportation revenue and achieve annualized synergies of approximately $18 million within two years.
Echo Global Logistics Completes Acquisition of ITS Logistics, Creating a Transportation Giant with Annual Revenue Exceeding $5 Billion
Echo Global Logistics announced on March 25, 2026, the completion of its acquisition of ITS Logistics. The combined transportation and logistics giant has an estimated 2025 revenue of $5.2 billion, lower than the previously expected $5.4 billion. Both Echo CEO Doug Waggoner and ITS CEO Scott Pruneau stated that the merger will integrate the two companies' complementary capabilities to provide customers with a broader range of services.
Abilene Motor Express brand to be merged into sister company
Knight-Swift's truckload brand Abilene Motor Express announced it will merge into sister company Swift Transportation. The brand will gradually exit the market after operating until January 27, 2027, with transition support provided to drivers and customers.