Insights - July/August 2018 - 22

Intermodal Mergers,
Acquisitions to Continue

I

ntermodal will continue to be fertile ground for more mergers and acquisitions, driven by historical
as well as future growth and industry-specific factors, a number of investors, analysts and company
officials believe.
Senior executives from recent buyers such as NFI Industries,
ITS ConGlobal and RoadOne IntermodaLogistics joined investors
such as Clarendon Group in outlining the 2018 merger and
acquisition, or M&A, market for Intermodal Insights.
"Putting aside the current concerns about a trade war, the
global outlook for moving more goods through the intermodal
container supply chain is favorable," said Steve Rubin, CEO of
ITS ConGlobal. "As the growth occurs, the companies that are
involved in intermodal provide an important part of the supply
chain, and that makes intermodal a great place for investment."
Mark Fornasiero, managing partner of Clarendon, said that
intermodal's historical growth at twice the rate of GDP, as well as
forecast future growth, create attractive acquisition opportunities
over the next two to five years.

22 Intermodal Insights | July/August 2018

Another positive, Fornasiero
said, is that there are numerous
consolidation opportunities because
the intermodal industry itself is just a
few decades old, which makes it far
newer than other transport sectors.
"Acquisitions definitely will
continue," Fornasiero said. "Drayage
is still very fragmented; no company
has more than single digit market
share. In 2000, there were no
Fornasiero
[drayage] companies with more than
1,500 trucks. Now there are nearly 10."
Several other important factors affect M&A activity.



Table of Contents for the Digital Edition of Insights - July/August 2018

IANA News
Recommended Practices for Chassis Mechanics to Provide Many Benefits
EXPO Educational Program Offers Wide Variety of Sessions
E-commerce Creates Growth Opportunity for Intermodal
Technology Enhances Intermodal Capacity, Builds Attractiveness
Intermodal Mergers, Acquisitions to Continue
Freight Report
When Change Comes, Focus on Culture, Planning, Leadership
Now Approaching Retirement, AAR’s Hamberger Aided Intermodal’s Emergence
Voice of the Shipper
Intermodal Information Services News
Government News
International Intermodal News
New Members
People News
Intermodal Calendar
Insights - July/August 2018 - Cover1
Insights - July/August 2018 - 2
Insights - July/August 2018 - 3
Insights - July/August 2018 - IANA News
Insights - July/August 2018 - 5
Insights - July/August 2018 - 6
Insights - July/August 2018 - Recommended Practices for Chassis Mechanics to Provide Many Benefits
Insights - July/August 2018 - 8
Insights - July/August 2018 - 9
Insights - July/August 2018 - 10
Insights - July/August 2018 - 11
Insights - July/August 2018 - 12
Insights - July/August 2018 - EXPO Educational Program Offers Wide Variety of Sessions
Insights - July/August 2018 - 14
Insights - July/August 2018 - 15
Insights - July/August 2018 - 16
Insights - July/August 2018 - E-commerce Creates Growth Opportunity for Intermodal
Insights - July/August 2018 - 18
Insights - July/August 2018 - Technology Enhances Intermodal Capacity, Builds Attractiveness
Insights - July/August 2018 - 20
Insights - July/August 2018 - 21
Insights - July/August 2018 - Intermodal Mergers, Acquisitions to Continue
Insights - July/August 2018 - Freight Report
Insights - July/August 2018 - 24
Insights - July/August 2018 - When Change Comes, Focus on Culture, Planning, Leadership
Insights - July/August 2018 - 26
Insights - July/August 2018 - 27
Insights - July/August 2018 - 28
Insights - July/August 2018 - Now Approaching Retirement, AAR’s Hamberger Aided Intermodal’s Emergence
Insights - July/August 2018 - 30
Insights - July/August 2018 - Voice of the Shipper
Insights - July/August 2018 - Intermodal Information Services News
Insights - July/August 2018 - 33
Insights - July/August 2018 - Government News
Insights - July/August 2018 - 35
Insights - July/August 2018 - 36
Insights - July/August 2018 - International Intermodal News
Insights - July/August 2018 - 38
Insights - July/August 2018 - 39
Insights - July/August 2018 - New Members
Insights - July/August 2018 - 41
Insights - July/August 2018 - 42
Insights - July/August 2018 - Intermodal Calendar
Insights - July/August 2018 - Cover4
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