Logistics M&A and partnerships target 3PL technology, fuel, and cargo security
· Source: fleetowner.com
In short
Descartes Systems Group acquires Extensiv for approximately $120 million to expand its 3PL warehouse management and fulfillment capabilities, adding AI-powered omnichannel fulfillment data to its logistics network. Colonial Group agrees to acquire Foster Fuels to broaden its energy products and services for commercial and transportation customers, while Verified Carrier partners with MiKargo247 to offer strategic cargo theft insurance covering double-brokering, identity theft, and fictitious pickups. These deals highlight continued consolidation in logistics technology, fuel services expansion, and growing efforts to address freight risk in the supply chain.
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In the issue of week 36, 2026: AI-Driven Automation and Integration Reshape Supply Chain Efficiency and Security
Tags: logistics, M&A, 3PL, warehousing, cargo-security, partnerships