Factbox: Recent deals in the U.S. logistics space

(Reuters) – The U.S. logistics industry is set to ride a new wave of consolidation as companies step up expansion plans and look to new areas of growth amid rising confidence in a recovery in the freight transport market.

According to Joe Connor, a banker at Harris Williams, publicly announced deal volumes in the space is up 30 percent so far in 2011.

In 2010, deal volumes rose 25 percent from a low in 2009, when recession cut deal activity in the industry by half.

Here are some deals in the U.S. logistics space in 2011:

April 5 – Trucking and logistics company Ryder System Inc (R.N: Quote, Profile, Research) acquired commercial truck leasing company B.I.T Leasing.

April 4 – Freight broker Hub Group (HUBG.O: Quote, Profile, Research) bought smaller rival Exel Transportation Services for $83 million, increasing its U.S. intermodal market presence.

March 23 – Caterpillar (CAT.N: Quote, Profile, Research), the world’s largest maker of heavy equipment, said it was considering selling its third-party logistics business.

March 13 – Kirby (KEX.N: Quote, Profile, Research), which transports petrochemicals and refined petroleum products by tank barges, agreed to buy smaller rival K-Sea Transportation Partners (KSP.N: Quote, Profile, Research) for $335 million.

February 23 – Transforce (TFI.TO: Quote, Profile, Research) completes acquisition of same-day delivery and logistics services company Dynamex Inc.

February 23 – FedEx (FDX.N: Quote, Profile, Research) acquired the logistics, distribution and express businesses of AFL Pvt Ltd to expand India operations.

January – Ryder acquired The Scully Companies and Carmenita Leasing Inc. It also completed the $200 million buy of Total Logistic Control from Supervalu (SVU.N: Quote, Profile, Research).

(Compiled by Lynn Adler and A. Ananthalakshmi; Editing by Sriraj Kalluvila)

Factbox: Recent deals in the U.S. logistics space