Briefly: Werner acquires Florida brokerage and truckload service

Werner Enterprises, Inc. introduced right now it has signed a definitive settlement and closed on the acquisition of 100% of the inventory of Reed Transport Companies, Inc. and RTS-TMS, Inc., doing enterprise as ReedTMS Logistics.

ReedTMS, based in 1996 and based mostly in Tampa, Florida, is an asset-light logistics supplier and truckload service that gives a complete suite of freight brokerage and truckload options to a various buyer base.

In accordance with an announcement from Werner, ReedTMS has:

• Revenues of $372 million for the 12 months that ended Sept.  30; 90% from freight brokerage and 10% from trucking
• Greater than 800 clients, with two-thirds of revenues within the meals and beverage industries
• Minimal buyer overlap with Werner and high 10 clients common eight years of tenure with ReedTMS
• An in depth freight brokerage community with 19,000 energetic carriers and 70,000 accredited carriers

ReedTMS will function as a standalone enterprise unit.

“We’re thrilled to welcome the completed ReedTMS workforce to Werner. ReedTMS Logistics additional strengthens our freight brokerage capabilities,” stated Derek Leathers, Werner’s chairman, president and chief govt officer. “ReedTMS will elevate our logistics portfolio with new clients, by increasing and diversifying our trade verticals. This transaction continues to construct upon our Werner DRIVE technique and positions us for future worthwhile progress. We count on this acquisition to be accretive to diluted earnings per share in yr one.”

Ahead Air acquires Alabama-based intermodal drayage supplier

Ahead Air Company right now introduced that it has entered into an settlement to amass the belongings of Chickasaw Container Companies, Inc., a privately held intermodal drayage supplier. The transaction is anticipated to shut later this month.

CCS has been in enterprise for over 30 years working terminals in Cell, Alabama, and Memphis, Tennessee. Along with drayage providers, CCS additionally offers container storage and gross sales at each of its areas.

The acquisition of CCS permits Ahead to develop intermodal drayage operations within the Cell market whereas bolstering an already robust presence within the Memphis market.

Tom Schmitt, president, chairman, and CEO of Ahead stated, “Our intermodal enterprise has been a key progress space for Ahead over the previous few years. Chickasaw Container Companies boasts an skilled workforce and shares our dedication to precision execution. We’re enthusiastic about this acquisition, because it offers us a second base of operations in Memphis and permits us to develop within the high-value Cell market concurrently – making Ahead Intermodal a formidable participant in that area.”

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