Intersections

Q3 2010
Global Transportation & Logistics industry M&A analysis

Intersections is a quarterly analysis of global M&A activity in the transportation & logistics industry. Each edition includes a review of overall deal activity for the quarter and year-to-date as well as a summary of large deals. In addition to the detailed commentary on M&A activity, we include a special report that highlights critical issues facing companies engaging in deal activity.

In the third quarter 2010, our analysis reveals that T&L deal activity presents something of a conundrum. Despite several positive signs of the health of the deal market, our predominant conclusion is that recovery in deal activity has paused this quarter. Total deal value, average deal value, and volume are up compared with 2009 when excluding the $36 billion Burlington Northern transaction in fourth-quarter 2009. However, these metrics have remained relatively unchanged over the course of 2010. Looking ahead, the most likely outcome is that deal totals will resume their moderate recovery with acquirers gradually entering into larger transactions.