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    Transportation & Logistics Q2 2020

    Q2 2020 Transportation Logistics

    Largest Transactions Closed

    • Target
    • Buyer
    • Value($mm)
    • Assets of Coastal Transport, Inc.
    • Bulk Transport Company East, Inc.
    • $15.00
    • Cove Logistics LLC
    • Stord, Inc.
    • $10.00
    • Substantially All the Assets of MCT Transportation, LLC
    • TFI International Inc.
    • $9.60
    • All Assets of CTL Transportation, LLC
    • Service Transport Company
    • $9.00


    Source S&P Capital IQ as of 7/17/2020 and PCE Proprietary Data

    Additional Resources

    eBook- Keys to Selling Your Transportation Business


    eBook- Keys to Selling Your distribution Company

    Woody Whitcomb

    Orlando Office


    Michael Rosendahl

    New York Office

    201-444-6280 Ext 1

    Data Assumptions

    This report represents transaction activity as mergers & acquisitions, consolidations, restructurings and spin-offs. Targets are defined as U.S. Based companies with either foreign or U.S. based buyers. Transaction information provided is based on closed dates only.


    EBIT - Earnings Before Interest and Taxes
    EBITDA - Earnings Before Interest, Taxes, Depreciation, Amortization
    LTM - Last Twelve Months
    TEV - Total Enterprise Value


    1. Sider, Alison, “Airlines Got $25 Billion in Stimulus; Industry Still Expected to Shrink,” The Wall Street Journal, June 7, 2020.
    2. Josephs, Leslie, "American Airlines warns 25,000 employees about potential job cuts as coronavirus continues to sap demand", CNBC, July 15, 2020.
    3. Smith, Jennifer, “Post-Pandemic Supply Chains Seek ‘Resilience,’ Report Says,” June 23, 2020.
    4. McGuigan, Frank, “What Logistics Leaders Need to Know about the USMCA Treaty,” Transplace, June 15, 2020.
    5. Transplace, “Transplace’s Q2 2020 Logistics Market Quarterly Update,” May 1, 2020.
    6. Sider, Alison, “American Airlines Banks on Loyalty Program to Back Stimulus Loan to Manage Through Coronavirus,” The Wall Street Journal, June 12, 2020.
    7. Kickham, Victoria, “Firms tout pop-up warehousing, ventilator delivery—Covid-19 roundup for June 11,” Supply Chain, June 11, 2020.
    8. Chen, Elaine, "Trucking, warehouse Companies Boost Hiring in June", WSJ, July 2, 2020.
    9. Davidson, Kate, Smith, Jennifer, "U.S. Treasury to Lend $700 Million to Trucking Firm YRC Worldwide", WSJ, July 1, 2020.

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