* Texas - Energy bust triggering consolidation among trucking providers
-- The energy bust has touched off a wave of consolidation among the trucking companies that haul equipment around the oil patch, where business is shrinking along with the tumbling price of crude... This week, Daseke Inc. said it would buy Hornady Transportation, its second acquisition in just over a month. After the deal is completed, Daseke’s fleet will total over 3,000 tractors and 6,000 trailers, an increase in the tractor count of about 40% since last fall and a 50% addition in trailers... The deal comes on the heels of Daseke’s acquisition last month of Bulldog Hiway Express, a South Carolina truck operator that specializes in so-called heavy haul loads, which includes large industrial equipment like wind turbines. Daseke also bought Lone Star Transportation in October. The company says itsrevenues have grown from $50 million in 2011 to a projected $750 million this year...
(PHOTO: BLOOMBERG NEWS - Daseke’s second acquisition in a little more than a month will make it the largest operator of its own flatbed equipment for the oil industry) -- Addison, TXS, USA - The WSJ, by ROBBIE WHELAN - Aug. 11, 2015Labels: trucking industry news USA
![[Valid Atom 1.0]](valid-atom.png "Validate my Atom 1.0 feed")
0 Comments:
Post a Comment
<< Home