CRST International acquired Specialized Transportation, a provider of customized supply chain solutions for products that require high touch support, special handling and equipment, and value added on-site services. Both companies are privately held.
STI, an independent company since 2004, was formerly the High Value Products/Logistics Division of North American Van Lines. Headquartered in Ft. Wayne, Ind., the company has 250 employees, 500 owner operators and works through an extensive network of 150 agents in the United States and Canada.
“With this acquisition, CRST International projected annual revenue will be in excess of $1.3 billion,” said CRST President and CEO Dave Rusch.
CRST gained 45 distribution centers in the transaction.
CRST International is one of the largest specialized trucking companies in the United States. It currently employs more than 4,400 drivers and office personnel, and an additional 2,500 independent contractors across the United States.
STI specializes in supporting customers in the technology, healthcare, industrial, furniture, store fixtures, retail, and financial services markets.
Fleets: Related News
7/29/2011 – CRST Acquires Specialized Transportation
CRST International acquired Specialized Transportation, a provider of customized supply chain solutions for products that require high touch support, special handling and equipment, and value added on-site services….
7/28/2011 – More Q2 Fleet Financials: Mostly Positive
More fleets announced financial results for the second quarter of 2011 this week. On the whole, the numbers are good, but not everyone is doing well….
7/26/2011 – Interstate Distributor Guarantees Independent Carriers $1.05
Interstate Distributor announced a rate per mile guarantee for independent carriers operating within their Power Only program….
7/25/2011 – YRCW Completes Restructuring Plan
YRC Worldwide has completed its restructuring, a comprehensive, $500 million plan that infused new capital, created additional liquidity, reduced debt and installed a new CEO and board….
7/21/2011 – Second Quarter Results Looking Good
A number of trucking companies announced very healthy second-quarter financial results yesterday….
7/19/2011 – Tenex Capital Management Acquires LinkAmerica
Tenex Capital Management completed its acquisition of LinkAmerica Corporation, a transportation and logistics provider headquartered in Tulsa, Okla….
7/19/2011 – Total Transport Services Plans to Buy 100 Hydrogen-Fuel Class 8s
Total Transportation Services of Rancho Dominguez, Calif., plans to buy 100 zero-emission Tyrano hydrogen fuel cell-electric Class 8 heavy-duty trucks….
7/18/2011 – J.B. Hunt Reports Record Earnings
Led by its intermodal business, J.B. Hunt Transport Services reported record second quarter 2011 net earnings of $65.7 million, compared to second quarter 2010 net earnings of $52.1 million….
7/18/2011 – U.S. FoodService Flips Switch on Solar-Powered Warehouse
U.S. Foodservice-Los Angeles this week activated a 1.15 megawatt, 4,998 photovoltaic solar panel system, one of the largest solar projects in Southern California. It is expected to provide 16 percent of U.S. Foodservice-Los Angeles’ power needs annually….
7/14/2011 – Waste Management Adds 1,000th Truck to Natural Gas Fleet
Waste Management added a 1,000th natural gas truck to its fleet, which it says makes it the largest owner and operator of clean-running, heavy-duty refuse trucks in North America….
7/13/2011 – Teamsters, YRCW Approve Key Component in Restructuring Plan
The Teamsters, lenders and embattled LTL YRC Worldwide approved final terms for an asset-based lending facility, which will provide part of the necessary ongoing operational liquidity for the company as it moves ahead with its restructuring plan….
7/12/2011 – J.B. Hunt Launches WhatisCSA.com
J.B. Hunt Transport Services launched a new website, www.WhatisCSA.com, to help share information about the Federal Motor Carrier Safety Administration’s CSA safety initiative, Compliance, Safety, Accountability….
7/12/2011 – Schneider Creates 300 New Jobs in South Central U.S.
Schneider National is immediately hiring 300 professional truck drivers in Texas, Oklahoma and New Mexico for its growing Dedicated and Bulk tanker divisions. The company’s growth in the area is fueled by new, booming business with leading energy companies in the oil industry….
7/11/2011 – ABF Can Proceed with Suit Against YRC, Teamsters
A court has ruled that ABF can proceed in its lawsuit against YRC and the Teamsters that claims the deal the struggling LTL truck with the union in its restructuring plan isn’t fair to other companies that are part of the National Master Freight Agreement….
7/8/2011 – ABF, UPS Hike Rates by 6.9%
Both ABF and UPS separately decided to raise shipping rates, averaging 6.9% for each company….
7/7/2011 – Marten Transport Opens New Facility in Kansas City
Marten Transport opened a new terminal facility in Kansas City, Kan., a good location for drivers, according to the company….
7/7/2011 – Echo Global Logistics Acquires Advantage Transport
Echo Global Logistics has acquired substantially all of the assets of Advantage Transport, a truckload transportation brokerage firm based in Phoenix….
7/6/2011 – Dupre Offers Dedicated Cryogenic Transportation Services
Dupre Logistics added Dedicated Cryogenic Transportation to its menu of services….
6/28/2011 – Prime Inc. Announces Qualcomm Text Messaging System
Prime Inc., Springfield, Mo., now allows its drivers the option to have their Qualcomm messages delivered directly to their cell phones as text messages….
6/27/2011 – Dean Foods Expands Southern California Fleet with Five Ryder Natural Gas Trucks
Ryder System delivered five natural gas-fueled delivery vehicles to Dean Foods, Ryder’s first customer for natural gas commercial vehicles made available through Ryder’s agreement with the San Bernardino Associated Governments in Southern California….
6/23/2011 – Con-way Truckload Helps Offer Driver Training in Detroit
Con-way Truckload announced a partnership with U.S. Truck Driver Training School of Detroit to create affordable training opportunities for prospective truck drivers. This comes as forecasts released by economists at IHS Global Insight predict it will take until sometime beyond 2021 before the Detroit area recoups the 323,400 jobs it has lost since the beginning of 2005, when employment hit its pre-recession peak….
6/17/2011 – Anderson Trucking Service’s Lease Program to Pay $1 Million in Bonuses To Contractors
Anderson Trucking Service will pay out $1 million in bonuses to drivers who have successfully completed a one-year lease with the Minnesota-based trucking company….
6/15/2011 – Old Dominion Relocates, Expands San Jose Service Center
Old Dominion Freight Line relocated its San Jose (Calif.) Service Center to an expanded and upgraded facility due to sustained growth in the region….
6/14/2011 – Hub Group Acquires Domestic Transport
Hub Group, an asset-light freight transportation management company, acquired assets of Domestic Transport, an intermodal drayage carrier headquartered in Pacific, Wash., through subsidiary Comtrak Logistics….
6/14/2011 – Marten Improves Driver Detention Pay
Marten announced an change in policy for detention pay for drivers….