There’s been some monster merger and acquisition deals in trucking the last few years – Knight-Swift’s acquisition of U.S. Xpress and TFI taking on Daseke, for example – and we’re only two months into 2024 and M&A activity is still pretty hot. You often hear whether a transactional marketplace is a buyer’s or a seller’s market, but in the case of trucking mergers and acquisitions last year and this year, Spencer Tenney, President & CEO of Tenney Group, says recent deals have been driven just as much by market uncertainty as shareholder value.
00:00 10-44 intro
00:30 Mergers & acquisitions activity
01:16 Market uncertainty
02:49 Equipment value and freight rates
06:22 When will buyers get back in the game?
07:22 Selling points and risk mitigation
08:44 Diversifying your trucking company
10:09 Getting your trucking company ready for sell
