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The trucking industry is facing merger and acquisition headwinds amid declining freight demand and rising interest rates, but deal buzz remains, experts said.

Private equity firm ZS Fund has acquired dedicated contract carriage company Lily Transportation Corp., the company announced July 11.

Logistics Plus Inc. has acquired Dutch peer Jan Krediet in an effort to expand its European presence, the Erie, Pa.-based logistics service provider said June 22.

Truck Supply Co. of South Carolina announced its expansion into the St. Louis market with its purchase of Tractor Trailer Supply. 

U.S. private equity firm Platinum Equity is considering a sale of logistics firm Livingston International amid growing investor appetite in the sector, according to people familiar with the matter.

Temperature-controlled truckload carrier KLLM Transport Services has acquired refrigerated transporter Quest Global Inc., the companies announced July 14.

RLS Logistics announced the recent acquisitions of two cold chain companies Feb. 2 in a move aimed at bolstering its network of solution providers.

Acquisition advisory firm Tenney Group predicts more trucking acquisitions will occur in the year ahead, continuing the robust market trend from 2021.

Christenson Transportation Inc. has acquired Sharp Transport Inc., headquartered in Ethridge, Tenn. Terms were not disclosed. The company will operate under the name Sharp Transport, a division of Christenson.

M&K Truck Centers announced it acquired nine truck dealerships, an eCommerce parts sales operation and a fire-and-rescue products company — all previously owned by Legacy Truck Centers.