December 7 - Progressive Railroading - There have been a number of mergers and acquisitions among transportation and logistics firms so far this year. So much so, M&A volume worldwide is on pace to exceed 2006 levels, according to PricewaterhouseCoopers' most recent quarterly report on M&A activity in the global transportation and logistics industry.
During 2007’s first three quarters, the value of M&A deals totaled $39 billion, far exceeding the deals totaling $27 billion consummated in the same 2006 period. Declining debt market liquidity and “stock market volatility felt by financial investors” helped spur dealmaking, PricewaterhouseCooper said. Read More.
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