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Italy’s Fiat, through its wholly owned subsidiary, Fiat North America, has completed its previously announced acquisition of all of the United Auto Workers' employee medical benefit retirement trust interests in the Chrysler Group and is now a wholly-owned subsidiary of Fiat.
Read More →The Pete Store announced it has acquired certain assets of Elliott/Wilson Capitol Trucks LLC, a truck dealer with locations in Maryland and Virginia. The acquisition adds a full-service facility in Landover, Md., a parts-only location in Manassas, Va., and territory on the Eastern Shore of Maryland to the dealers’ network.
Read More →Rush Enterprises Inc. announced that its subsidiaries have acquired certain assets of CIT Inc., which does business as Chicago International Trucks, Mcgrenho L.L.C., which does business as Indy Truck Sales, and Indiana Mack Leasing, LLC; and the membership interests of Idealease of Chicago, LLC.
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TransForce Inc. has acquired Best Drivers based in Alcoa, Tenn. Best Drivers provides commercial truck drivers throughout the southeastern U.S., with operations in Tennessee, North Carolina, South Carolina, Florida, Georgia, Mississippi, Kentucky, and Alabama.
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Trucking and related services provider, XPO Logistics, has entered into an agreement to acquire Pacer Internation, the third largest provider of intermodal transportation services in North America.
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Vipar Heavy Duty announced the acquisition of Power Heavy Duty based in Pearland, Texas. As a result of the transaction, Power Heavy Duty will become part of the Vipar Heavy Duty family of companies and continue to serve the marketplace as a separate brand.
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Trucking company owner CRST International has announced the acquisition of privately-held BESL Transfer Company, based in Cincinnati, Ohio.
Read More →XPO Logistics Inc. announced that it has completed its previously announced acquisition of NLM from Landstar System Inc. The company funded the $87 million cash transaction through its ABL facility and available cash, including approximately $13.4 million of cash acquired on closing.
Read More →Cooper Tire & Rubber Co. said it will pursue damages against Apollo Tyres Ltd. in a webcast following the announcement of its decision to terminate the merger agreement, according to Modern Tire Dealer, a sister publication of HDT.
Read More →Andrews Logistics, an asset-based transportation and logistics company specializing in bulk liquid and hazardous materials transport, has acquired Andrews Transport LP, a bulk liquid petroleum and chemical products transportation provider based in Fort Worth, Texas.
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