ESCO Announces Drayage Consolidation Plan
February 21, 2000
ESCO Transportation, Houston, has announced a five-year plan to try to consolidate the highly fragmented intermodal drayage and short-haul truckload segments of the transportation industry.
ESCO, one of the nation's largest publicly traded intermodal drayage companies, plans to make acquisitions within key intermodal markets in the United States. The first step to this goal was completed last month with the purchase of Minnesota-based Quantum Transportation. Quantum has operations in Shakopee, MN, serving the Minneapolis marketplace, as well as a facility in Ripon, CA, serving the Modesto and Stockton, CA, markets.
"Today's drayage and short-haul markets are extremely fragmented, with very poor communications and management of equipment in many corridors throughout the intermodal supply chain," said Robert Weaver, president and CEO of ESCO.