Deal activity in the global transportation and logistics sector remained stable in the first quarter of 2017. While total deal value grew by 2%, deal volume declined by 9%.
The passenger air category continued to drive most deal value in the sector, recording two megadeals in Q1 17.
As anticipated, given the recent structural changes in the category, shipping deal activity picked up.
Logistics continued to be an active category, although not to the levels experienced in late 2015 and early 2016.
While not traditionally active in M&A, the rail category delivered the largest deal of the quarter, a $2.1 billion acquisition of Florida East Coast Railway by Infraestructura y Transportes Mexico.
After several active quarters through mid 2016, deal activity in the trucking category appears to have tempered, although the recent Swift-Knight merger announcement suggests the forces driving M&A in the category continue to exist.
"Strategic investors continue to lead deal activity across both value and volume, as companies look to M&A as a solution to stay competitive in a very dynamic sector."
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