Posted on March 11, 2024
Analysis: M&A 2024 Outlook
Fleet Owner
With the fallout of Yellow Corp. and economic uncertainty, 2023 was a challenging year for the trucking industry with mergers and acquisitions. Despite optimistic predictions from experts, M&A activity declined, according to the Tenney Group. But when looking ahead to 2024, the Tenney Group, a transportation-specialized M&A adviser, predicts a return to normal. But if […]
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Category: Press Coverage
read morePosted on March 11, 2024
Trucking Mergers & Acquisitions Looking Up in 2024
Trucker Drive News
Introduction: In the world of commercial trucking, the year 2023 witnessed significant challenges, but as we move forward into 2024, the road ahead appears to be promising for truck drivers and industry stakeholders. In this article, we’ll explore the insights from industry experts and discuss how mergers and acquisitions (M&A) are shaping the news and […]
Tags: press
Category: Press Coverage
read morePosted on March 11, 2024
What will we see in the 2024 M&A space?
Freightwaves
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Tags: press
Category: Press Coverage
read morePosted on March 11, 2024
M&A Activity to surge in 2024, per new report
Bulk Transporter
A shortage of sellers stifled transportation transactions in 2023—though Trimac was undeterred—but ‘pent-up supply’ now is fueling record interest among strategic acquirers, according to Tenney Group’s 2024 outlook Jason McDaniel Inflation, interest rate hikes, and the declining freight market conspired to curtail mergers and acquisitions in the transportation and logistics (T&L) space in 2023, with […]
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Category: Press Coverage
read morePosted on March 11, 2024
Outlook Brighter for Trucking M&A Market in 2024
Transport Topics
Transaction Value Tumbled 82%, Volume Fell 33% Year-Over-Year in 2023 “In terms of the valuation limit, I’m sure many people can appreciate over the last three or four years what a roller coaster it has been,” says Tenney Group CEO Spencer Tenney. (Ralf Hahn/Getty Images) [Stay on top of transportation news: Get TTNews in your […]
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Category: Press Coverage
read morePosted on March 11, 2024
Stars Aligning for a Busy year in M&A: Tenney Group
Truck News
Rapidly deteriorating market conditions last year put the brakes on many mergers and acquisitions, but valuations are normalizing, paving the way for more activity this year.Speaking on a Truckload Carriers Association webinar this week, Spencer Tenney, CEO of M&A advisors Tenney Group, said total transaction values of deals in 2023 were down 82% from the […]
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Category: Press Coverage
read morePosted on March 11, 2024
A Mandate to Grow”: Trucking’s 2024 M&A Outlook is bright
Trucking Dive
A freight recession and a generally cool economy didn’t slow a steady drumbeat of trucking industry mergers and acquisitions in 2023 — and more deals are poised to happen this year. Buyers would love lower interest rates, of course. But a tough economic environment after a two-year boom has helped usher sellers to the negotiating […]
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Category: Press Coverage
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