Q1 2023 – US & Global 2023 Deal Outlook
Mergers and acquisitions within the Transportation and Logistics “(T&L)” sector are no longer reaching the levels observed during the record-breaking highs of 2021 and 2022, however, they are still in line with historical averages. In the United States, deal volumes experienced a decline from 60 closed transactions in Q1 2022 to 44 closed transactions in Q1 2023. Globally, a similar trend is being observed with deal volumes down 42% in Q1 2023 compared to Q1 2022. This decrease in deal volume can be attributed to the combination of rising interest rates and economic instability, impacting both debt providers and buyers. Specifically, the Federal Reserve implemented two interest rate hikes in the first quarter of 2023, causing an expectation of a future recession and financial uncertainty.
Buyers are aware of the heightened risks and are adjusting their investment thesis by targeting top-tier assets with considerable insulation to market volatility. The T&L industry is poised to remain resilient amidst market volatility, driven by its focus on value-added services, innovative customer solutions, and the consistent demand in all markets. Companies that match this profile have and will continue to see a premium valuation due to the amount of dry powder that needs to be deployed and will be viewed as safe-haven assets amidst the prevailing economic uncertainty.
Read Transportation & Logistics M&A Pulse Q1 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.