2023’s Trucking M&A Landscape: A Year in Review
2023 witnessed a cautious approach in the trucking mergers and acquisitions (M&A) scene as the freight demand slowed down and interest rates climbed. The year saw a challenging environment for deal financing due to higher interest rates and tight credit markets, coupled with high valuation expectations from sellers. Despite these hurdles, some trucking companies leveraged […]
Cummins Inc. Agrees to $2 Billion Settlement in Emissions Scandal
A Landmark Environmental Settlement Cummins Inc., a renowned engine manufacturer, has agreed to recall 600,000 Ram trucks and address environmental harm caused by illegal software that allowed them to bypass diesel emissions tests. This comes as part of a settlement with federal and California authorities, marking a significant moment in the enforcement of environmental laws. […]
