If you read only the headlines, it would be difficult to comprehend the merger and acquisition trends in the transportation and logistics industry in 2022.
Spencer Tenney, president and CEO of Nashville-based transportation and logistics-focused M&A advisory group The Tenney Group, compared it to whiplash during Truckload Carriers Association’s recent 2022 Mergers & Acquisitions Recap + 2023 Forecast webinar. The first half of the year, he said, was like the “wild wild west” with extremely low interest rates; exploding demand for transportation services across North America that created pronounced needs to increase supply chain capabilities; and a once-in-a-lifetime increase in the value of used equipment that created opportunities for buyers and sellers to get deals done efficiently.
