Global Logistics M&A Recap in Partnership with Ti Insight

In a slightly quieter month, Europe accounted for the largest number of acquisitions (by target location) in December 2023, with 55.9% of total M&A global activity in this region. In terms of individual countries, the United States was the most active in terms of acquisitions, accounting for 10 acquisitions recorded, or 29.4% of the total counted. Regarding target services, Logistics (warehousing and distribution) accounted for 44% of transactions; and Transportation accounted for 7%. Several transactions were related to the auction of Yellow’s service centers in North America.

"...The National Defense Authorization Act, signed into law three days before Christmas, will allow for expeditious development of 3 new International Bridges and the more than doubling of the World Trade Bridge in Laredo from 8 to 18 lanes. At the annual Benesch Transportation and Logistics Conference in early December, one of the main topics was Nearshoring and our Southern Border. Let’s all stay tuned for some very exciting opportunities in this sector..."

- Ron Lentz, Managing Partner at Logisyn Advisors

"...Like the truckload sector, import activity has decreased significantly over the last 12-18 months. Container costs decreased tremendously over that same period as we watched large direct shippers pivot quite heavily into transloading and rail due to unmanageable transportation costs during COVID. The question is, will these transportation companies be able to maintain and cultivate all of these new customer relationships obtained during the pandemic? The great companies just might..."

- Mark Para, Managing Director at Logisyn Advisors

"...The recent acquisition marks another significant move for TFI as part of a series of deals in recent years, reshaping the company into a prominent player in the North American trucking industry. TFI underwent substantial expansion in 2021 by acquiring UPS Freight for $800 million, a subsidiary of United Parcel Service specializing in less-than-truckload operations. It added 11 acquisitions in 2022. Building on this momentum, the company expanded its portfolio in 2023..."

- Paul Chapman, Senior Editor at Ti

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