8/3/2012 4:00:00 PM
Write a Letter to the Editor
Tweet
Print This
Roadrunner Transportation Systems said Friday it has acquired two Nebraska-based truckload carriers for about $24 million.
Roadrunner bought RM Transportation and all of the outstanding stock of Sortino Transportation, primarily refrigerated carriers.
Last year, RM and Sortino together generated about $64.5 million in revenue, Roadrunner said.
The deal “expands our refrigerated capacity in key lanes and broadens our customer base,� said Roadrunner CEO Mark DiBlasi.
“RM and Sortino’s Midwest presence enables us to more effectively cross-sell our truckload services,� he said in a statement.
Roadrunner, which posted a strong second-quarter profit earlier this week, is ranked No. 32 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
Follow Transport Topics on RSS Twitter Facebook
Tweet
Print This
© 2012, Transport Topics Publishing Group. All rights reserved.
RELATED ARTICLES
LTL Fleets Boost Profits on Higher Tonnage, Price Gains (8/6/2012 2:30:00 AM)
Roadrunner’s 2Q Profit Jumps (8/2/2012 10:45:00 AM)
Trucking Earnings Expected to Increase on Higher Rates, Lower Diesel Prices (7/16/2012 5:00:00 AM)
UPS Freight Sets 5.9% Rate Increase (7/2/2012 2:00:00 PM)
Roadrunner Sets 6.9% Rate Increase (6/28/2012 11:00:00 AM)
Roadrunner Buys Refrigerated Carrier CTW Transport (6/5/2012 9:15:00 AM)