Q1 2025 – Market Summary & Outlook
- 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
- Globally, T&L M&A transaction volume declined 19.5% from the 133 deals closed in Q1 2024 to 107 deals in Q1 2025. Europe and North America accounted for 43.0% and 36.4% of deal volume, respectively
- Excess capacity in the trucking markets led to suppressed trucking rates in 2023 and placed pressure on M&A activity and earnings. The number of operating carriers dropped ~339k in 2024, which reduced capacity and potentially signals an increase in freight rates(1)
Sources:
(1) Fleet Owner
Read Transportation & Logistics M&A Pulse Q1 2025 Full Report
