Update: Transportation and Logistics M&A Update – March, 2024

March, 2024

For 2023, the median transaction value in Transportation & Logistics was $38 million. For 2023, strategic buyers accounted for 94% of transactions.

Select recent notable publicly announced M&A transactions:

–TFI International closed its acquisition of Daseke for $1.2 billion in December 2023.

–Star Bulk Carriers announced its acquisition of Eagle Bulk Shipping for $1.1 billion in December 2023.

–Canadian National Railway Company closed its acquisition of Iowa Northern Railway Company for $230 million in December 2023.

–Alaska Air Group closed its acquisition of Hawaiian Holdings for $3.0 billion in December 2023.

–Americold Realty Trust announced its acquisition of Safeway Freezer Storage for $37 million in November 2023.

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