In the first five months of 2017, M&A deal activity in the freight and logistics industry remained relatively flat compared to 2016. Acquisition activity continues to be driven by strategic buyers, who completed 92% of transactions through May, 2017. Rising uncertainty regarding international trade, along with still modest economic expansion and growing cost pressures (regulations, insurance, foreign exchange on input costs, etc.) have made it difficult for companies to achieve growth organically. Strategic acquisitions may be a solution.