Transportation and Logistics 2025 Recap and 2026 Outlook

This document is a report detailing the transportation and logistics sector's performance in 2025 and providing an outlook for 2026. It outlines the M&A environment, which was characterized by a slow start due to macroeconomic uncertainties, tariff changes, geopolitical disruptions, and shifting consumer demands. Strategic buyers focused on opportunistic acquisitions that enhanced existing platforms and provided specialized logistics capabilities, while financial buyers prioritized fewer, high-conviction transactions. The report highlights key industry themes, including the demand for technology-enabled logistics businesses and the importance of flexible supply chains. It also presents notable transactions from 2025, such as the acquisition of Andlauer Healthcare Group by United Parcel Service and the acquisition of Cowan Systems by Schneider National. The report concludes with insights into the expected trends for 2026, emphasizing the need for consolidation and operational improvement in the sector.