Old Dominion Freight Line Inc has signed a definitive agreement to purchase assets of UW Freight Line, a less-than truckload carrier headquartered in Salt Lake City, Utah.
UW Freight, which produced revenues of approximately $23 million for its fiscal year ended June 30, 2005, operates 18 service centers and one inland port in five states and has one service center under construction.
Old Dominion expects to complete the transaction, which includes the purchase of accounts receivables, all revenue equipment, office equipment, information systems, all service centers owned and under construction and the corporate office, by the end of January.
As a result of the purchase, Old Dominion plans to expand its network of 154 service centers with 16 of UW's service centers, including the service center under construction, and to consolidate the operations of the remaining three with the company's existing service centers. The geographic coverage provided by these new service centers will give the company its initial direct service in Idaho and Wyoming, increasing the numbers of states in which it operates to 46. It will also enable Old Dominion to launch full-state coverage in Colorado, Idaho, Nevada and Utah, bringing the number of states with full-state coverage to 37.
UW Freight, which produced revenues of approximately $23 million for its fiscal year ended June 30, 2005, operates 18 service centers and one inland port in five states and has one service center under construction.
Old Dominion expects to complete the transaction, which includes the purchase of accounts receivables, all revenue equipment, office equipment, information systems, all service centers owned and under construction and the corporate office, by the end of January.
As a result of the purchase, Old Dominion plans to expand its network of 154 service centers with 16 of UW's service centers, including the service center under construction, and to consolidate the operations of the remaining three with the company's existing service centers. The geographic coverage provided by these new service centers will give the company its initial direct service in Idaho and Wyoming, increasing the numbers of states in which it operates to 46. It will also enable Old Dominion to launch full-state coverage in Colorado, Idaho, Nevada and Utah, bringing the number of states with full-state coverage to 37.
media brand
0 Comments
See all comments