Reported 3 days ago
In 2024, the trucking industry's mergers and acquisitions (M&A) experienced a 5% decline compared to the previous year, despite a more favorable environment for transactions due to interest rate cuts. Noteworthy deals included Forward Air's challenging merger with Omni Logistics, Ryder's acquisition of Cardinal Logistics, and RXO's purchase of Coyote Logistics, which made it the third-largest freight broker in North America. Other significant acquisitions by Knight-Swift and Schneider National further shaped the landscape, while FedEx announced plans to spin off its LTL unit, FedEx Freight, as part of a strategy to enhance shareholder value.
Source: YAHOO