Q3 2023 – US & Global 2023 Dealmaking
- Following supply chain constraints and surging freight rates throughout 2021 and the first half of 2022, US Transportation and Logistics (“T&L”) M&A activity experienced a 33.3% decline in Q3-23 transaction volumes relative to Q3-22.
- Fluctuating conditions, such as onshoring and shifts in supply chains, pushed down deal volumes during the trailing twelve-month period that ended September 2023. US strategic buyers closed 181 deals, consistent with the 191 in 2020 but 18.8% below strategic buyer deals closed in 2022.
- Geopolitical unrest and transformative transportation technology impacted the global transportation and logistics M&A activity trends, mirroring US deal volume trends. In Q3-23, 117 T&L deals closed globally, down 43.5% compared to Q3-22.
- As supply chains normalize, expanding market participants will look to integrate critical transportation and logistics operations vertically and acquire value-added T&L companies.
Read Transportation & Logistics M&A Pulse Q3 2023 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.