The report below gives a good overview of the fourth quarter M&A activity in the Transport, Logistics and Supply Chain Industry Sector. M&A activity for North American based target companies in the Transportation and Logistics sector for Q3 2019 included 47 closed deals, according to data published by industry data tracker FactSet.
One of the notable middle market transactions in the sector was announced in August when AIT Worldwide Logistics, Inc. acquired Unitrans International Corp, a subsidiary of Unitrans, Inc. ultimately owned by Q International Courier LLC for an undisclosed amount. The transaction enables AIT Worldwide Logistics to enhance its existing business. Founded in 1997, Unitrans International is located in Inglewood, California and provides logistics solutions.
- The average US retail price for diesel and regular gas, a major operating cost for trucking fleets, fell 9.9% and 9.4%, respectively, in the week ending October 14, 2019, compared to the same week in 2018.
- Total US manufacturers’ shipments, an indicator of the volume of goods shipped by truck, rose 1.4% year-to-date in August 2019 compared to the same period in 2018.
- Total US revenue for general freight trucking fell 1.7% in the second quarter of 2019 compared to the previous year.
Posted by Peter Heydenrych.