Q2 2024 – Market Summary & Outlook
- In Q2 2024, US Transportation and Logistics (“T&L”) M&A activity matched Q2 2023 levels, closing 32 transactions. Globally, the T&L sector closed 125 deals in Q2 2024, an 11% decrease from the same period in 2023. Among these deals, the third-party logistics (3PL) subsector led deal activity, accounting for 27% of closed deals in the T&L sector.
- The slowdown in global M&A activity within the T&L sector is primarily due to a decline in strategic deal volume. However, strategic investors still accounted for 85% of global deals in Q2 2024. Despite navigating sector-wide challenges such as low freight rates and a high-interest rate environment, these investors remain well-positioned to pursue transactions, leveraging cost savings and potential synergies.
- Investors remain optimistic that M&A deal volumes will improve in the second half of 2024. A report by NTG Freight(1) predicts a 50% increase in deal volumes in the second half of 2024 compared to the previous year, driven by strengthening global economic conditions and rising corporate confidence. This would mark a significant rebound from historically low activity levels, the weakest in a decade.
Read Transportation & Logistics M&A Pulse Q2 2024 Full Report
Transportation & Logistics M&A Pulse – Q4 2025
U.S. M&A activity in the Transportation and Logistics (“T&L”) sector declined sharply in 2025, totaling 121 transactions, down 28% from 168 transactions in 2024. Strategic buyers largely paused acquisition activity amid an exceptionally fluid policy environment, including heightened trade uncertainty.
Transportation & Logistics M&A Pulse – Q3 2025
M&A activity in the U.S. Transportation and Logistics sector has softened, with 131 closed transactions in the trailing twelve months ending Q3 2025, compared to 168 in 2024 and 170 in 2023.
Transportation & Logistics M&A Pulse – Q2 2025
M&A activity in the U.S. Transportation and Logistics sector has softened, with 148 closed transactions in the trailing twelve months ending Q2 2025, compared to 167 in 2024 and 170 in 2023.
Transportation & Logistics M&A Pulse – Q1 2025
In Q1 2025, U.S. Transportation and Logistics (“T&L”) M&A activity decreased 33.3% compared to the same period in 2024, finishing at 34 closed transactions
Transportation & Logistics M&A Pulse – Q4 2024
In 2024, U.S. Transportation and Logistics (“T&L”) M&A activity was relatively flat compared to 2023, compressing 2.9 percent representing 165 closed transactions in 2024.