Utz Brands Inc. has agreed to a $2.9 billion all-cash deal to go private, with Germany’s Intersnack Group GmbH acquiring all of its Class A shares at $14.25 each—a 91% premium over the July 20 closing price. The transaction, expected…
Mergers and acquisitions in the transport sector are accelerating in the first half of 2026, fueled by a freight market rebound and sellers who had delayed exits finally returning to the market. Capacity cuts, rising freight rates and stronger investor…
The American Trucking Associations’ For-Hire Truck Tonnage Index rose 0.1% in June to 113.1, regaining some ground after freight volumes contracted 4.1% across April and May. The index fell 0.1% year-over-year in June but remains 1.4% higher for the first…
Global oil markets are now grappling with a dual supply-risk crisis as Houthi threats against Saudi-linked shipping at the Bab el-Mandeb Strait force tankers and vessels to reroute or pause transits, compounding existing strains from U.S.-Iran hostilities. Brent crude futures…
ITE Management has acquired North American Chassis Pool Cooperative (NACPC) in a deal announced on July 21, 2026, expanding its intermodal chassis portfolio. The financial terms of the acquisition were not disclosed. NACPC operates a regional pool of approximately 20,000…
Forward Air has struck a nonbinding memorandum of understanding (MOU) to retain at least 50% of a 20-year customer’s business, potentially up to 75%, following the customer’s decision to diversify its supplier base. The move comes after Forward Air disclosed…
DP World has secured a preliminary 50-year concession to build two deepwater container terminals in Fujairah, United Arab Emirates, on the Gulf of Oman, effectively bypassing the Strait of Hormuz. The project, announced on July 22, 2026, includes the Al…
President Donald Trump announced a plan to grant automatic commercial driver’s license (CDL) eligibility to U.S. military veterans who operated heavy trucks during their service. Speaking at the U.S. Army War College in Carlisle, Pennsylvania, on July 15, 2026, during…
Five of the world’s largest oil companies are on track to post their third-highest quarterly profits ever, with combined earnings estimated at $45.8 billion, as geopolitical tensions and supply disruptions sent crude prices and fuel margins soaring. Analysts attribute the…
Oil prices continued their upward trajectory on July 22, 2026, as fighting between the United States and Iran persisted, pushing Brent crude up 3.3% to $94 per barrel. The international benchmark briefly touched $95 per barrel earlier in the day,…