Freight & Logistics Industry News

Trimac Acquires California Freight and Names a Trimac Executive President

The Calgary-based bulk carrier adds a Ripon food-grade tanker, warehousing and brokerage operation founded in 1989, which keeps its own name. Terms were not disclosed.

3i-Backed Regional Rail Acquires Massachusetts Central Railroad

The stock purchase from the John J. Pondelli Jr. Family Trust includes Wildwood Reload, a transload site in Barre, and is Regional Rail's first New England acquisition. Terms were not disclosed.

Argosy Private Equity Acquires Controlling Interest in K&L Freight Management

The 1997-founded St. Charles, Illinois, 3PL becomes Argosy's newest platform investment, with its senior management team continuing and investing alongside the firm. Terms were not disclosed.

H.Essers Enters the US Market by Acquiring Houston's Palmer Logistics

The family-owned Belgian logistics group, founded in 1928, keeps Palmer's 350 employees and management team and will move the business under its own brand in phases. Terms were not disclosed.

PLS Logistics Acquires The AGL Group, Keeping CEO Steve Zambo in Place

The Weymouth, Massachusetts forwarder becomes a wholly owned PLS subsidiary and brings ocean freight, drayage and customs brokerage to the Pittsburgh-area 3PL. Terms were not disclosed.

Armstrong Transport Group Receives Strategic Investment from Quad-C

Carousel Capital, the Charlotte freight brokerage's first institutional backer, exits after seven years, and Armstrong's management keeps significant ownership. Terms were not disclosed.