Unfinished Deals in the 2025 M&A Boom: Which Trucking Negotiations Stalled?
The trucking industry saw frequent M&A activity in 2025, including notable cases like DHL's sale of Standard Forwarding Freight. However, some announced plans failed to materialize: US Foods and Performance Food Group decided not to merge after months of negotiations, remaining independent. Meanwhile, Schneider National expressed willingness to expand its dedicated transportation business through more acquisitions. This article summarizes potential sale or spin-off intentions revealed by executives over the past year, as well as deals that ultimately stalled.
In 2025, mergers and acquisitions in the trucking industry were numerous, involving several well-known companies. For example,DHL sold its less-than-truckload subsidiary Standard Forwarding Freightto a newly established holding company.
However, not all announced plans came to fruition amid the momentum built up over the year. After months of negotiations,US Foods and Performance Food Group decided to abandon their mergerand chose to continue operating as independent companies.
Although some negotiations stalled, Schneider Nationalexpressed a willingness to expand its dedicated transportation business through more acquisitions。
We have compiled reports on some of last year's deals, where executives provided insights into potential sales or spin-offs, but some of these deals ultimately did not materialize in 2025.