Transportation M&A » By The Online Investor Staff, updated Sat., Jan. 23, 9:36 AM
Recent mergers and acquisitions in the Transportation M&A category.
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Slide #42. Roadrunner Transportation Systems — Southeast Drayage Division of Transport America
Acquirer:
Roadrunner Transportation Systems (NYSE:RRTS)
Acquiree:
Southeast Drayage Division of Transport America
Details:
Roadrunner Transportation Systems, Inc. (NYSE:RRTS) announced today that it has acquired certain of the assets of the Southeast drayage division of Transport Corporation of America, Inc. ("TA Drayage"), a provider of intermodal transportation and related services in the Southeast. TA Drayage primarily transports imports and exports for steamship lines and intermodal marketing companies from the ports of Charleston, South Carolina, Norfolk, Virginia and Savannah, Georgia. TA Drayage also services the rail ramps of Atlanta, Georgia, Memphis, Tennessee and Birmingham, Alabama. The purchase price was approximately $1.2 million. The acquisition was financed with Roadrunner's cash on hand.
Roadrunner Transportation Systems is an asset-right transportation and asset-light logistics service provider providing a suite of solutions under the Roadrunner, Active On-Demand and Ascent Global Logistics brands. Co. has three segments: Truckload and Express Services, which provides air and ground expedite services, scheduled truckload services, intermodal services, temperature-controlled truckload services, and other truckload and logistics services; Less-than-Truckload (LTL), which involves the pickup, consolidation, linehaul, deconsolidation, and delivery of LTL shipments; and Ascent Global Logistics, which provides domestic freight management solutions.
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Avg. Broker Rec.
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Hold (2.00 out of 4) 100th percentile
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