* Minnesota - Acquisition shows small truckers have room to grow
--- Although it took just shy of 80 years for Kottke Trucking's first acquisition, the gains were realized almost overnight... These are tough times for truckload carriers, and especially smaller trucking companies. Trucking bankruptcies rose in the first quarter, nearly doubling year-over-year. Fuel prices are down, but the costs of drivers, equipment and compliance with U.S. regulations is climbing... There are still opportunities for growth, however, for smaller trucking operators as well as the largest U.S. fleets. Kottke Trucking, a family-owned business based in Buffalo Lake, Minnesota, seized one such opportunity when it recently acquired competitor Walbon & Company... The acquisition — the first for Kottke in 78 years — also highlights another trend: smaller carriers increasingly have access to technology that used to be unaffordable to all but the largest fleets. Kottke is integrating Walbon’s freight into its system using modeling tools that provide lane-by-lane analysis...
(Photo: Although it took just shy of 80 years for Kottke Trucking's first acquisition, the gains were realized almost overnight) -- Buffalo Lake, MINN, USA - JOC, William B. Cassidy - Aug 09, 2016Labels: trucking industry news USA
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