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Trucking Industry Mergers & Acquisitions * USA - Deals in transportation see sharp drop
New York,NY,USA -Fleet Owner, by Sean Kilcarr -May 15, 2009: -- A new study by consulting firm PricewaterhouseCoopers LLP finds that merger and acquisition (M&A) deal activity dropped significantly during first quarter 2009 in the global transportation and logistics industry... Just 18 at a disclosed value of at least $50 million each were announced during the period -- a far cry from the fourth quarter in 2008, when 43 such deals took place... This ongoing slowdown in M&A deals within the transportation and logistics sector also highlighted changes in behavior among deal participants, noted Kenneth Evans Jr., PricewaterhouseCoopers’ U.S. transportation and logistics sector leader... According to PricewaterhouseCoopers’ report -- entitled "Intersections: First-quarter 2009 mergers and acquisitions analysis" -- activity only continued to increase among non-U.S. parties during the first quarter this year. Foreign entities made up 94% of deal volume – up from 71% in 2007 and 81% in 2008 – and only one U.S. entity announced a deal during first quarter 2009... (Photo from dremag.com: truck )
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