Roadrunner Transportation Systems Inc. announced that it has acquired all of the outstanding stock of Central Cal Transportation, a provider of intermodal transportation and related services from the Northern California region.
Central Cal transports primarily nuts, wine and retail import products. The purchase price was approximately $4 million plus an earnout. The acquisition was financed with borrowings under Roadrunner’s credit facility.
“Central Cal’s customer focus around nuts, wine, and retail imports diversifies Roadrunner’s West Coast intermodal business to make volumes less seasonal,” notes David Ross, transportation analyst with Stifel Nicolaus, in an email to investors.
During calendar year 2011, Central Cal generated approximately $19 million in revenues. Central Cal is expected to be accretive to Roadrunner’s earnings in 2013.
Printer Friendly Version
Email This Story
RSS
Fleets: Related News
11/6/2012 – Roadrunner Transportation Systems Acquires Central Cal Transportation
Roadrunner Transportation Systems Inc. announced that it has acquired all of the outstanding stock of Central Cal Transportation…
More
11/6/2012 – Fleet Survey Indicates Increase in Planned Order Activity
Fleets surveyed by CK Commercial Vehicle Research were increasing their planned order activity for power units in the coming three months, while planned trailer orders slowed. Freight demand, while slipping somewhat, is still solid at most fleets, according to the Q4 Fleet Sentiment Report, but it’s still solid at most fleets….
More
11/5/2012 – FedEx Freight Testing LNG Tractors in Dallas
FedEx Freight has begun beta testing two new tractors powered by Cummins Westport ISX 12 G liquefied natural gas-only engines. …
More
11/1/2012 – ATA Names Road Team Finalists
The American Trucking Associations named 32 professional truck drivers as finalists in the selection process to become captains on the 2013-2014 America’s Road Team. …
More
11/1/2012 – Three Drivers, Five Companies Named in Nebraska Crash Lawsuit
A wrongful death suit has been filed by the parents of a couple killed in a chain-reaction crash in September in western Nebraska….
More
10/31/2012 – Third Quarter Fleet Financials Released
Many fleets released their third quarter revenues and earnings recently. Some companies experienced gains, while others reported losses….
More
10/26/2012 – Wright Express Corp. Changes Name to WEX Inc.
Wright Express Corp.n announced that it will change its name to WEX Inc….
More
10/25/2012 – ICT Holdings Opening Branch Offices
ICT Holdings announced plans to open satellite offices in strategic locations across the country, with the first one opening in Fayetteville, Ark. …
More
10/25/2012 – Celadon Reports Profits up 50%
Celadon Group, Indianapolis, reported its first fiscal quarter profit was up more than 50% compared to the same period last year….
More
10/19/2012 – Southeastern Freight Lines Opens Service Center in Fort Worth
Southeastern Freight Lines, a regional less-than-truckload carrier, has opened a service center in Fort Worth, Texas, in response to growing business in the region and to improve service to current customers….
More
10/19/2012 – Old Dominion Completes Expansion in Morristown, Tenn.
Old Dominion Freight Line officially re-opened its expansion and enhancement to its Morristown Service Center, capping a project that took well over a year….
More
10/18/2012 – YRC Worldwide Announces 2012 Destination Green Environmental Excellence Awards
YRC Worldwide Inc. recently announced the 2012 winners of the Destination Green Environmental Excellence Award for employee leadership in sustainability. In the second year of the awards, two teams were recognized along with seven employees. …
More
10/17/2012 – Survey: Carriers Plan to Raise Pay; Healthcare Concerns Easing Somewhat
More than three-quarters of carriers in a recent survey plan to raise pay this year, nearly half by 2% to 5%, while another fourth plan to raise pay by less than 2%, according to Transport Capital Partners’ Third Quarter 2012 Business Expectations Survey….
More
10/17/2012 – Schneider National Enters Energy Transportation Services Business
Schneider National recently entered the fast-growing energy transportation services business, supporting the movement of base materials to and from oil well sites across the U.S….
More
10/17/2012 – ChemLogix Launches Freight Brokerage Service
ChemLogix LLC, a provider of comprehensive chemical industry transportation management, technology, and supply chain consulting services, has launched a new freight brokerage service as part of its Capacity Management program. …
More
10/12/2012 – ABF Freight System, Teamsters Set Date to Negotiate
Less-than-truckload giant ABF Freight System and the Teamsters National Freight Industry Negotiating Committee announced that they expect to begin negotiations on a new collective bargaining agreement on Dec. 18.
TNFINC is the negotiating arm of the International Brotherhood of Teamsters. ABF is the largest subsidiary of Arkansas Best Corp. and was founded in 1923. …
More
10/11/2012 – Back to the Future: The Current and Coming Driver Shortage
LAS VEGAS – At least one industry analyst has predicted the driver shortage could reach 500,000 by sometime net year. The American Trucking Associations recently reported that driver turnover at large truckload fleets is now at 106%, the highest level since early 2007. What’s driving this shortage, and what can be done about it?…
More
10/10/2012 – EPA Names SmartWay Excellence Award Winners
LAS VEGAS – The Environmental Protection Agency handed out its first SmartWay Excellence Awards since it significantly revamped how it grades carriers in its program….
More
10/9/2012 – Con-way Truckload Increases Mileage Pay, Changes Wait-Time Compensation
Con-way Truckload announced two improvements to driver pay packages that will increase driver compensation….
More
10/5/2012 – UPS to Add 40 Hydraulic Hybrid Vehicles to its Fleet
UPS announced the deployment of 40 new hydraulic hybrid vehicles 20 in Baltimore and 20 in Atlanta. Developed by Freightliner Custom Chassis Corporation and Parker Hannifin Corporation, the package cars can achieve up to 35% improved fuel economy and up to 30% carbon dioxide emissions reduction…
More
10/4/2012 – Household Movers Launch Driver Recruitment, Training, Certification Program
The American Moving Storage Association has launched a public-private program to address a national shortage of long-distance moving van drivers….
More
10/3/2012 – Schneider National Opens Doors to Second Intermodal Training Academy
Schneider National recently opened its second U.S. Intermodal Training Academy….
More
10/3/2012 – Menlo Worldwide Logistics Tracking Supply Chain Sustainability
Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc., has a new program called CarbonNet, which allows it to capture, calculate and manage emissions activity across the value supply chain….
More
10/1/2012 – Celadon Acquires Equipment Assets from Robinson Transport
Indianapolis-based Celadon Trucking Services agreed to purchase a portion of the operating equipment of Robinson Transport Inc., based in Columbus, Ohio….
More
9/26/2012 – C.H. Robinson Worldwide to Acquire Phoenix International
C.H. Robinson Worldwide Inc. says it’s buying Phoenix International Inc. for $571.5 million in cash and approximately $63.5 million in newly issued C.H. Robinson stock. …
More
9/19/2012 – Old Dominion Debuts New Energy-Efficient Warehouse
Old Dominion Freight Line, based in Thomasville, N.C., is debuting a 160,000-square-foot rooftop solar panel system its warehouse. This is the third largest of its kind in North Carolina….
More
9/19/2012 – Con-way Multimodal Announces Dallas Headquarters
Con-way Multimodal, a freight brokerage division of Con-way Inc.’s operating unit Menlo Worldwide Logistics, named Dallas as the location for its business headquarters….
More
9/17/2012 – ABF Withdraws from National Master Freight Agreement
ABF Freight System will be negotiating its future labor contract with the Teamsters union directly, and will no longer be part of the National Master Freight Agreement….
More
9/17/2012 – Southeastern Freight Lines Opens New Service Centers
Southeastern Freight Lines is opening new service centers in Lafayette, La., and Jonesboro, Ark., in response to growing business in the regions and to improve service to current customers….
More
9/7/2012 – ABF Continues Legal Proceedings Against Teamsters, YRC
ABF Freight System is continuing on in its nearly two-year legal battle with the International Brotherhood of Teamsters and several YRC subsidiaries….
More
9/5/2012 – U.S. Army, Con-way Truckload Partner in Recruiting Program
A new agreement between the Army and Con-way Truckload gives priority hiring status to soldiers participating in the Partnership for Youth Success program….
More
8/31/2012 – Simi Valley Moving Company Using Biodiesel
Acclaimed Movers Storage of Simi Valley, Calif., runs its moving trucks on biodiesel fuel as part of its efforts to leave a smaller mark on the environment….
More
8/31/2012 – Hermann Services Celebrates 85th Anniversary
From local watermelon deliveries with a Model T in 1927 to the storage and cross-country transportation of hazmat materials via Volvo tractors in 2012, New Jersey-based Hermann Services has been in the logistics business for the long haul….
More
8/31/2012 – Averitt Makes Changes to Broaden Hiring Pool
Averitt Express, Cookeville, Tenn., has dropped the minimum age for drivers and kicked off a student driver training program….
More
8/30/2012 – Computerworld Honors Maverick Transportation for Business Intelligence
IDG’s Computerworld magazine has named Maverick Transportation a Best of Business Intelligence (BI) Editor’s Choice Awards honoree….
More
8/30/2012 – C.R. England Names 13 to New Leadership Roles
C.R. England, Salt Lake City, announced 13 corporate executive promotions….
More
8/29/2012 – Drivers Dreams Program to Honor Truckers by Granting Wishes
Truckload freight brokerage firm Total Quality Logistics is saying thank you to truck drivers with its new Drivers Dreams program….
More
8/20/2012 – Crete Carrier Launches Patriot Fleet
This month, Crete Carrier Corp. welcomed five special trucks into its newly launched Patriot Fleet. …
More
8/16/2012 – Roadrunner Buys Expedited Freight Systems
Roadrunner Transportation Systems Inc. has acquired all of the outstanding stock of Expedited Freight Systems Inc., a Midwest regional overnight less-than-truckload provider…
More
8/16/2012 – Celadon Buys Equipment Assets from USA Dry Van
Celadon Trucking Services, Inc., a wholly owned subsidiary of Celadon Group, has agreed to purchase a portion of the operating equipment of USA Dry Van Logistics LLC,…
More
8/15/2012 – Interstate Distributor Turns up the Speed on Driver Pay
Interstate Distributor Co. announced that effective August 16 it will accelerate driver pay, cutting seven full days off its driver pay cycle….
More
8/14/2012 – Frito-Lay Rolls Out More Electric Delivery Trucks in California
California is now home to the largest fleet of Frito-Lay electric delivery trucks….
More
8/14/2012 – Interstate Distributor Co. Launches Owner-Operator Program, Adds KC Location
Interstate Distributor Co., Tacoma, Wash., announced a new owner operator-program out of its Lebanon, Tenn., terminal, and opened a new regional operating center in Kansas City, Mo….
More
8/10/2012 – Arkansas Best Corp. Posts Profit of 11.8 million for Second Quarter of 2012
Arkansas Best Corp. (ABF) announced its net income for the second quarter…
More
8/9/2012 – Patriot Transportation Reports Profits and Higher Revenue Miles
Patriot Transportation Holding reported a profit for its third fiscal quarter…
More
8/9/2012 – U.S. Xpress, Maritime-Ontario Announce Shipping Partnership
A new deal between Chattanooga, Tenn.-based U.S. Xpress Enterprises and Canada’s Maritime-Ontario Freight Lines Limited allows shippers to use one vendor to cover all North American freight, border crossing needs….
More
8/9/2012 – Freightliner Trucks Launches Online Drivers’ Resource Center
Freightliner Trucks has opened a new online community for drivers, owner-operators and fleet managers offering a wealth of industry resources in a single location….
More
8/8/2012 – Investment Firm Buys Cardinal Logistics
Cardinal Logistics, a national provider of dedicated and delivery transportation, has been acquired by Centerbridge Partners, a private investment firm….
More
8/8/2012 – Celadon Group Reports Net Income of $9 Million Due to Reduced Costs
Celadon Group Inc. reported net income of $9 million for the second quarter, up from $5.5 million in the same period in 2011….
More
8/7/2012 – Judge Again Dismisses ABF Suit Against Teamsters
A U.S. District Court judge has dismissed Arkansas Best Corp.’s lawsuit against the International Brotherhood of Teamsters and other parties, which had alleged YRC Worldwide’s deal with the Temamsters violated the National Master Freight Agreement….
More
8/7/2012 – Old Dominion 2Q Revenue, Income Up Significantly Over 2011
Old Dominion Freight Line saw second-quarter revenue rise by 12.8% to $541.5 million when compared with $480.3 million for the second quarter of 2011….
More
8/3/2012 – Celadon Group Reports Net Income of $9 Million Due to Reduced Costs
Celadon Group Inc. reported profits for the second quarter of 2012, with net income of $9.0 million, up from $5.5 million in the same period in 2011. Revenue increased 4.0% to $157.5 million in the 2012 quarter from $151.2 million in the 2011 quarter, according to the company….
More
8/3/2012 – Arkansas Best Corp. Posts Profit of 11.8 million for Second Quarter of 2012
Arkansas Best Corp. announced its net income for the second quarter of 2012 was $11.8 million, which is an improvement over its net income of $5.3 million in the second quarter of 2011….
More
8/1/2012 – Old Dominion Makes Third Appearance on Inbound Logistics’ G75 List
For the third time, Old Dominion Freight Line, Inc. was named to the Inbound Logistics’ annual list of green supply chain partners….
More
7/31/2012 – Landstar Reports Record 2Q Earnings
Landstar System reported record second quarter revenue and earnings per share….
More
7/27/2012 – Universal Truckload Services to Acquire LINC Logistics Company
Universal Truckload Services, Warren, Mich., will acquire LINC Logistics Company, an asset- third-party logistics profider, in a stock-for-stock transaction valued at approximately $335 million,…
More
7/27/2012 – Old Dominion’s 78-Year History Showcased in Corporate Biography
The 78-year history of Old Dominion Freight Line, a major less-than-truckload and logistics provider based in Thomasville, N.C., is chronicled in a new book,…
More
7/25/2012 – DHL Express Launches 100 Propane Autogas Vans for Pickup and Delivery Fleet
DHL Express has added 100 pickup and delivery vans fueled by propane autogas to its fleet. The new Ford E-250 cargo vans, each equipped with a Roush CleanTech dedicated liquid propane autogas fuel system, will be on the road by late August…
More
7/24/2012 – Old Dominion Announces Base Rate Increase
North Carolina-based Old Dominion Freight Line Inc. has announced a 4.9% increase to its base rates, effective Aug. 6….
More
7/20/2012 – Fleets Report 2Q Financial Results
CORRECTED, UPDATED — This week saw quarterly financial reports from a number of large publicly traded truck fleets, with truckload and intermodal giant Swift Transportation reporting profits up 72% from a year ago….
More
7/19/2012 – Marten Transport Enhances Driver Compensation Package
Marten Transport has enhanced its driver compensation package, transitioning from quarterly performance and safety bonuses to monthly bonuses…
More
7/18/2012 – Duane Reade To Partner With Mission Electric On Green Transportation Initiative
In an effort to reduce vehicle air pollution, Duane Reade, in partnership with Mission Electric, is turning to New Yorkers to determine which of its stores should be served solely by electric trucks….
More
7/18/2012 – Schneider National Launches $6,000 Tuition Reimbursement Program
Schneider National is making it easier for students to turn a dream into reality by offering $6,000 for tuition reimbursement to qualified driving school graduates. The program will cover the full cost of many truck-driving schools to give drivers a leg up as they enter the industry….
More
7/17/2012 – J.B. Hunt Reports Increase in Earnings Year over Year
J. B. Hunt Transport Services Inc., Lowell, Ark., announced second quarter 2012 net earnings of $80.5 million, or diluted earnings per share of 67 cents compared to second quarter 2011 net earnings of $65.7 million, or 53 cents per diluted share….
More
7/13/2012 – Old Dominion Opens Service Center Near Duluth, Minn.
Old Dominion Freight Line opened its newest service center in Superior Wis., near Duluth, Minn., to serve the Great Lakes shipping area in northern Minnesota and northwestern Wisconsin….
More
7/11/2012 – Technicolor Expands Third Party Logistics Services
Technicolor is expanding its third party logistics service offering and rebranding the organization as Technicolor Global Logistics. …
More
7/11/2012 – Mesilla Valley Retrofits 4,000 Tractor-Trailers with TrailerTails
Mesilla Valley Transportation has completed the retrofit of its entire fleet of 4,000 tractor-trailers with fuel saving TrailerTail aerodynamic technology, manufactured by ATDynamics….
More
7/9/2012 – Interstate Distributor Co. Announces New Driver Pay Package
Interstate Distributor Co., Tacoma, Wash., announced a new pay package for over-the-road regional drivers. The new “My Pay” package provides drivers a competitive base rate per mile and the ability to add an additional 3 cents per mile quarterly. …
More
7/6/2012 – Saia Acquires Brokerage and 3PL Business
Saia Inc., a multi-regional less-than-truckload carrier, has acquired Robart Transportation Inc. and its subsidiary, The RL Services Group LLC (the Robart Companies). Headquartered in Duluth, Ga., the Robart Companies have been in operation since 1981….
More
7/6/2012 – UPS Uses Plastic to Lighten Loads, Save Fuel
UPS is introducing composite materials to replace certain metal components into its trucks, a move that is improving the company’s fuel efficiency by 40%, according to a UPS blog post….
More
7/5/2012 – YRC Freight Settles Chicago Lawsuits
YRC Freight, a subsidiary of YRC Worldwide Inc., has voluntarily settled two class action lawsuits alleging racial discrimination and harassment at its Chicago Ridge, Ill., terminal, which closed in 2009. …
More
7/3/2012 – UPS Freight Announces 5.9% General Rate Increase
UPS Freight, the nation’s fourth largest less-than-truckload carrier, announced a general rate increase averaging 5.9% covering non-contractual shipments in the U.S., Canada and Mexico….
More
7/2/2012 – Roadrunner Announces 6.9% Rate Increase
Roadrunner Transportation Systems announced it will implement a 6.9% rate increase, effective July 16. This follows announcements by several other LTL carriers about similar rate increases….
More
6/29/2012 – RWI Transportation Expands Logistics Operations with New Facility
RWI Transportation, an asset-based logistics company providing regional and national truckload, LTL, expedited, and refrigerated warehousing services, is expanding with the lease of a second facility for its logistics unit located in Wilder, Ky. …
More
6/27/2012 – Swift Announces Ranked Driver Quarterly Pay Bonus
Swift Transportation will soon start awarding ranked company drivers a new Quarterly Performance Pay bonus of up to 6 cents per mile. …
More
6/27/2012 – Schneider Offers $99 Deal for Used Truck Buyers
Commercial Fleet Financing Inc. and Schneider National are working together to provide a low-cost financing program for used truck buyers….
More
6/26/2012 – New Trends Help Private Fleets Increase Productivity
Private fleets are taking advantage of new trends and new technology to increase productivity and prepare for the future, says Gary Petty, president and CEO of the National Private Truck Council. …
More
6/26/2012 – YRC Freight to Raise Rates 6.9%
YRC Freight will raise base rates an average of 6.9%, adding to a trend of similar LTL rate hikes. …
More
6/22/2012 – Con-way Freight Announces Rate Increase
Con-way Freight, the nationwide less-than-truckload carrier of Con-way Inc., will institute a general rate increase averaging 6.9% applicable to non-contractual business effective July 9….
More
6/21/2012 – Holland Hiring 450 Drivers to Meet Growing Demand
Holland plans to hire an additional 450 qualified over-the-road and local city drivers throughout the Midwest in the next few months….
More
6/20/2012 – U.S. Xpress Dedicated Names Senior VP-Sales
U.S. Xpress Enterprises, Chattanooga, Tenn., hired Paul Bowman as the senior vice president of sales for its dedicated services business. This is a new position….
More
6/20/2012 – Ground, Freight Segments Drive FedEx Quarterly Earnings
FedEx reported higher quarterly earnings, with year-over-year drops for its FedEx Express segment more than made up for by better performance in its FedEx Ground and FedEx Freight segments, with record operating income for FedEx Ground….
More
6/19/2012 – YRC Freight Increases Speed Across North American LTL Network
YRC Freight implemented improvements to its North American LTL network, which now features faster service into and out of every major U.S. city….
More
6/15/2012 – Arkansas Best Buying Panther Expedited
Arkansas Best Corp. will acquire Panther Expedited Services Inc. from Fenway Partners LLC for approximately $180 million, with all of Panther’s outstanding debt being repaid as part of the transaction….
More
6/12/2012 – Allied Systems Holdings Files for Bankruptcy Protection
Allied Systems Holdings Inc. and 18 of its subsidiaries, including Allied Automotive Group Inc., Axis Group Inc., and Allied’s Canadian units, filed for Chapter 11 bankruptcy protection on June 10….
More
6/11/2012 – Celadon Acquires Equipment Assets from Hiner Transport
Celadon Trucking Services, Indianapolis, has agreed to purchase a portion of the operating equipment of Hiner Transport LLC, Huntington, Ind….
More
6/11/2012 – FedEx Freight to Increase Rates
FedEx Freight will increase rates on non-contract less-than-truckload shipments by 6.9% effective July 9. …
More
6/4/2012 – OS Trucking Files For Bankruptcy, Partners with Prime Inc.
OS Trucking of Springfield, Mo., has filed Chapter 11 bankruptcy, according to the Springfield News Leader, and the company plans to reorganize and partner with Prime Inc., also based in Springfield. …
More
5/31/2012 – Roadrunner to Open Two Northeast LTL Outbound Terminals
Roadrunner Transportation Systems Inc. announced the opening of two new less-than-truckload outbound terminals serving the Northeast region of the U.S….
More
5/31/2012 – CTA, OSA Canada Launch Sleep Apnea Screening and Treatment Pilot
The Canadian Trucking Alliance, in partnership with OSA Canada Inc., is launching a pilot in Canada to deliver a full-service sleep apnea program to commercial truck drivers….
More
5/24/2012 – YRC Worldwide Names President of Holland Subsidiary
YRC Worldwide named Scott D. Ware president of its Holland subsidiary, a provider of next-day regional less-than-truckload services….
More
5/22/2012 – UPS Expands Delivery Coverage for Early Morning Service
In a second expansion in nine months, UPS has enhanced its coverage area for early morning deliveries….
More
5/17/2012 – YRC Freight Announces Driver Hiring Initiative
YRC Freight, a subsidiary of YRC Worldwide, plans to hire 200 over-the-road drivers in cities across the U.S.,…
More
5/17/2012 – DOT Orders BML Trucking to Shut Down
The U.S. Department of Transportation’s Federal Motor Carrier Safety Administration ordered Alabama-based BML Trucking, affiliated company IDM Transportation Inc. and its owners to immediately cease all transportation services based on serious safety violations that posed an imminent hazard to public safety….
More
5/17/2012 – Nussbaum Announces Driver Pay Increase
Nussbaum Transportation, Normal, Ill., announced a 1-cent-per-mile pay increase for company drivers, effective June 3….
More
5/16/2012 – Celadon Named Healthy Trucking Fleet
The first-ever Healthy Trucking Fleet of the Year award, a collaboration between FusionHealth and Navistar, was presented to Celadon Group at their headquarters in Indianapolis….
More
5/15/2012 – Forbes Lists Old Dominion, Marten Among Most Trustworthy Companies
Old Dominion Freight Line and Marten Transport have been named two of America’s 100 Most Trustworthy Companies by Forbes magazine….
More
5/11/2012 – XPO Logistics Reports 1Q Losses
XPO Logistics reported losses for 1Q 2012, but its business segments all experienced revenue growth. The company’s quarter net loss was $2.7 million, compared with net income of $1.1 million for the same period last year….
More
5/10/2012 – Quality Distribution Reports 1Q Growth
Quality Distribution Inc. reported positive numbers for the first quarter of 2012 compared to last year’s first quarter. The company had a net income of $6.7 million, or 26 cents per diluted share, for the first quarter ended March 31, 2012,…
More