TopNews

C.H. Robinson Buys American Backhaulers

November 22, 1999

SHARING TOOLS        | Print Subscribe
C.H. Robinson Worldwide will buy the ongoing operations and certain assets of American Backhaulers, a third-party transportation provider.
Agreed upon price is $100 million in cash and approximately $36 million in newly-issued C.H. Robinson stock.
Like C.H. Robinson, ABH is a non-asset based transportation services provider, specializing in over-the-road services. It has some 5,700 customers throughout the U.S. Most of its 525 employees are located in the Chicago, headquarters. When the acquisition is completed it will operate as the ABH division of C.H. Robinson Co.
C.H. Robinson provides multimodal transportation service, logistics solutions and fresh produce sourcing through 131 offices in the U.S., Canada, Mexico, Europe and South America. It currently has contracts with over 19,000 carriers. Headquarters are in Eden Prairie, MN.

Comment On This Story

Name:  
Email:  
Comment: (Maximum 2000 characters)  
Leave this field empty:
* Please note that every comment is moderated.

Newsletter

We offer e-newsletters that deliver targeted news and information for the entire fleet industry.



GotQuestions?

LUBRICANTS

The expert, Mark Betner from Citgo will answer your questions
Ask a question

Sponsored by


WHEEL ENDS SOLUTIONS

Wheel end expert Jeff Geist from STEMCO will answer your questions
Ask a question

Sponsored by

Magazine