DB Schenker Acquires USA Truck

UTAC, LLC Acquires USA Truck from DSV

January 11, 2026

Trucking & Fleet

DSV has sold 100% of USA Truck to UTAC, LLC, a private Arkansas-based entity formed by current and former USA Truck leaders including CEO George Henry, former CFO Zachary King and former CEO James Reed. The deal returns the 42-year-old carrier to U.S.-based ownership; financial terms were not disclosed and DSV said the sale positions USA Truck for future growth under local management.

Schneider National to Acquire Cowan Systems, LLC

November 25, 2024

Transportation

Schneider National, Inc. entered into a definitive agreement to acquire Cowan Systems, LLC and affiliated entities for about $390 million in cash, subject to adjustments. The deal also includes separate agreements to purchase certain Cowan Systems real estate assets for about $31 million, and is expected to close in the fourth quarter of 2024.

TFI International Acquires Daseke for $1.1 Billion

December 22, 2023

Transportation

TFI International entered into and later closed the previously announced all-cash acquisition of Daseke, valuing Daseke at an enterprise value of approximately $1.1 billion (US $8.30 per share). The deal closed in April 2024 and Daseke’s brands will operate as part of TFI International’s Truckload segment.

Knight-Swift Transportation Acquires U.S. Xpress Enterprises for ~$808 Million

July 1, 2023

Transportation

Knight-Swift Transportation Holdings agreed to acquire U.S. Xpress Enterprises for an enterprise value of approximately $808 million, excluding transaction costs. The deal was expected to close in late Q2 or early Q3 2023, with U.S. Xpress continuing to operate as an independent brand; it ultimately closed July 1, 2023.

Schneider Acquires deBoer Transportation

June 7, 2022

Trucking & Fleet

Schneider has acquired Wisconsin-based regional carrier deBoer Transportation and will integrate its drivers and equipment to bolster Schneider’s Dedicated and Power Only operations. As part of the deal Schneider assumed ownership of roughly 160 tractors and 660 trailers; deBoer’s Blenker facility and a Dallas-area maintenance shop were excluded from the sale.

Werner Enterprises Acquires 80% Stake in ECM Transport Group

July 1, 2021

Logistics & Distribution

Werner Enterprises acquired an 80% equity stake in ECM Transport Group for $142.4 million, with an exclusive option to purchase the remaining 20% after five years. The deal adds nearly 500 trucks, 2,000 trailers and over 500 drivers to Werner's network, increasing its short-haul/regional truckload capabilities and expanding its presence in the Mid-Atlantic, Ohio and Northeast regions.