Skip to content
Home » Blog » Roadrunner Transportation to Purchase Prime Logistics Corp.

Roadrunner Transportation to Purchase Prime Logistics Corp.


 UPDATED:
8/24/2011 11:00:00 AM
Write a Letter to the Editor Write a letter to the Editor



Print This
 

Roadrunner Transportation Systems said it will purchase Prime Logistics Corp., a third-party logistics firm, for $97.5 million.

In a statement Tuesday, Roadrunner CEO Mark DiBlasi described the transaction as “strategically beneficial for both companies.�

Prime will provide Roadrunner with enhanced logistics and consolidation capabilities, while Roadrunner will give Prime more cost-efficient less-than-truckload services and expanded truckload capabilities, DiBlasi said.

Roadrunner CFO Peter Armbruster said the company expects the deal to immediately increase its earnings per share.

The parties expect to close the transaction on or before Sept. 15, Roadrunner said.

Roadrunner is ranked No. 38 on the Transport Topics Top 100 listing of U.S. and Canadian for-hire carriers.

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook


 Print This
 



© 2011, Transport Topics Publishing Group. All rights reserved.

 

 

RELATED ARTICLES

Roadrunner Transportation to Purchase Prime Logistics Corp. (8/24/2011 11:00:00 AM)
TransCore Launches Insurance Monitoring Center (8/23/2011 8:45:00 AM)
Postal Service Ends LTL Bid (8/22/2011 11:30:00 AM)
iTECH: Cloud-Based Services for Mobile Devices Can Help Sales Forces (8/22/2011 11:00:00 AM)
Study Finds Broad Support For Changes in LTL Pricing (8/22/2011 5:15:00 AM)
Ceva’s 2Q Earnings Jump (8/19/2011 10:00:00 AM)
 

Click Here!