Transformational deals in trucking during 2022

Deal flow in the transportation and logistics space slowed notably in 2022 as the economy cooled. Investors have become more risk averse, minimizing exposure to companies with less-proven track records, as interest rates have soared and credit markets have tightened.

Through November, transaction values in the industry totaled $52 billion across 380 deals compared with 600 deals for $181 billion in total during 2021, according to a report from global investment bank Houlihan Lokey (NYSE: HLI).

Even with the slowdown, 2022 will come in ahead of full years 2018 and 2020 as many operators continue to use a sustained stretch of record earnings and cash flows to build out their transportation offerings through M&A.

Trucking saw some transformational deals in 2022. Here’s a recap.