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After a drop in merger and acquisition activity, analysts believe the market has turned a corner. Driven by uncertain economic conditions earlier this year, M&A has now started a rebound.

TFI International Inc. acquired tank transport specialist Vedder Transportation Group, the company said, in what was its ninth acquisition so far in 2023.

The trucking industry is facing merger and acquisition headwinds amid declining freight demand and rising interest rates, but deal buzz remains, experts said.

Technology-focused companies supporting the trucking and logistics sector have experienced a rise in merger and acquisition activity.

Trucking is continuing to see an active mergers and acquisitions market with several deals recently announced.

Mergers and acquisitions are off to their fastest start to a year ever in Canada, driven by a combination of cheap financing for buyers, high valuations for sellers and an improving economic outlook that’s encouraging companies to make major moves.

The trucking industry has experienced a robust acquisitions market over the past year that shows no signs of stopping.