Intersections: Fourth-quarter 2015 transportation & logistics industry mergers and acquisitions analysis


February 2016

At a glance

Download: Intersections: Fourth-quarter 2015 transportation & logistics industry mergers and acquisitions analysis

Deal value in T&L sector nearly doubled (from $87 billion to $172.7 billion) in 2015, compared to the previous year, despite a slight decrease in volume over the same period.

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Intersections is PwC's quarterly analysis of merger and acquisition (M&A) activity in the global transportation and logistics industry. It provides an overview of the most recent M&A results and our expectations for future deal activity.

Highlights of what this quarter's analysis revealed:

  • Deal value nearly doubled, from $87 billion in 2014 to $172.7 billion in 2015
  • Conversely, total deal volume decreased by 3 percent to 224 deals, from 231 deals in 2014
  • The number of megadeals grew considerably to 28 deals, up from 17 deals the previous year.
  • This resulted in an increase in average deal value, from $376.7 million in 2014 to $771 million in 2015
  • Cross-border deal value nearly tripled (compared to the previous year), as large players in the sector continue to expand their international operations and service offerings in efforts to develop global transportation networks
  • Emerging and developing economies saw a 12.5 percent increase in 2015 deal volume compared to the previous year
  • Consolidation continued within a fragmented trucking industry, as strategic investors followed an inorganic path of attaining growth and scale
  • In-line with 2014, shipping led all industries in deal value for the year, with a 29.9 percent year-over-year increase
  • While, deals involving Asia and Oceania accounted (once again) for approximately half of the global activity (54 percent), totaling 120 deals worth $96.2 billion

Download the analysis to review all the key trends from 4Q15.

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