Mergers & Acquisitions

UPS announced it will sell its freight brokerage business, Coyote Logistics, to RXO for $1.025 billion.

South Korea’s Hanwha Group has agreed to acquire Philly Shipyard from Norwegian owner Aker Capital for $100 million.

Radiant Logistics announced the acquisition of Cascade Transportation, enhancing its logistics capabilities across various sectors including retail and e-commerce.

In a strategic move, leading logistics companies Cardinal Partnership, Davies Turner, and Woodland Group have purchased Forward Computers Limited.

BlueGrace Logistics has acquired Evos Smart Tools, providing shippers with supply chain optimizations and real-time analytics to help reduce overall costs. 

Supply chain mergers and acquisitions have been slowed for several reasons, but declining inflation, stabilization of interest rates, and artificial intelligence could fuel more deals.

Collaborative mobile robot provider had been part of Shopify since 2019.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews Ben Gordon, founder and managing partner of Palm Beach, Florida-based Cambridge Capital, and managing partner of Ben Gordon Strategic Advisors.

This acquisition represents continued expansion and investment in industrial automation for Barcoding, Inc.

Demand for dry and cold chain warehousing remained strong in 2022 and is expected to continue climbing steadily in 2023. As the sectors continue to evolve, warehouse operators are attracting investor attention, consolidating, and changing their names.

FORTNA is a major global provider of omnichannel and parcel distribution solutions, spanning materials handling automation, systems integration, software, and consulting.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group, interviews John Larkin, Operating Partner for Clarendon Capital.

Acquisition of 100-plus employee firm brings expertise in logistics and warehouse management, as well as data visualization and digital yard solutions

British startup Market Dojo revolutionizes procurement standards by offering a 100% cloud eSourcing solution.

The combination of MHS’s automation technologies and Fortna’s operational optimization software, in addition to each company’s deep industry partnerships, serves the need for end-to-end solutions in logistics operations.