M&A

Reports: XPO Renews Push to Sell European Unit
The European unit could potentially fetch around $2 billion, based on industry estimates.

Forward Air Stock Rockets 30% in 5 Days Post-Merger Drama
Forward Air bounces back 30% after tanking from its Omni merger mess. Investors are cautiously optimistic about the turnaround.

RXO Stock Soars 20% After $1B Coyote Logistics Buy
RXO shares jump on UPS Coyote acquisition. Analysts boost price targets, but concerns linger over leverage and integration challenges.

RXO acquires Coyote Logistics from UPS for $1.025 Billion in Cash
Rather than trying to play in all aspects of freight, including LTL, FTL, asset-based carriers, etc, Tomé wanted to focus on consolidating UPS to what they do best: Parcel Delivery.

Forward Air Cuts Reported 150 Jobs After Controversial Omni Merger
Freight carrier Forward Air cuts 150 employees across sales, tech and C-suite after debt-laden Omni Logistics acquisition.

Forward Air Faces Shareholder Revolt Over Omni Merger
Forward Air's shareholders file a class action complaint over the $2.1B Omni merger, alleging they were denied a vote. Get the latest updates here.

Flexport Relaunches Convoy's Trucking Tech Platform
Flexport relaunches Convoy Platform, dispatching 200 truckloads on its first day.

CDL 1000 Acquires Next Trucking
The backdrop to this acquisition is the ongoing freight recession, which has persisted over the last two years.

Ryder Acquires Cardinal Logistics
Ryder System expands its operations by acquiring Cardinal Logistics, enhancing its dedicated transportation services.

Forward-Omni Merger Reaches Conclusion
After legal disputes, Forward Air closes the Omni Logistics acquisition for $2.1B. Details on the revised deal and shareholder impact.

Forward Air & Omni Logistics: Merger Drama
Are you paying attention to the issues unfolding with Forward Air & Omni Logistics merger deal? With legal battles and shareholder disputes, we've got the rundown.

2023 M&A Activity: Major Moves in Transportation Sector
Amid evolving market dynamics, Schneider National and Titanium Transportation announce significant acquisitions, marking growth in the sector.