Simon Transportation Completes Westway Acquisition
January 24, 2001
Simon Transportation Services, Salt Lake City, completed its previously announced purchase of a portion of the trucking assets of Westway Express on Jan. 22.
Under revised terms of the transaction, Simon refinanced 234 tractors and 264 temperature-controlled trailers, purchased an agreed-upon number of Qualcomm units, and leased terminal facilities in Denver and Albuquerque.
Simon also hired approximately 290 company drivers, 45 independent contractors, and a number of maintenance employees and office personnel.