Roadrunner Transportation Systems Inc. has acquired certain of the assets of the Southeast drayage division of Transport Corporation of America Inc., a provider of intermodal transportation and related services in the Southeast.
TA Drayage primarily transports imports and exports for steamship lines and intermodal marketing companies from the ports of Charleston, S.C.; Norfolk, Va.; and Savannah, Ga. TA Drayage also services the rail ramps of Atlanta, Ga.; Memphis, Tenn.; and Birmingham, Al.
The purchase price was approximately $1.2 million. The acquisition was financed with Roadrunner’s cash on hand.
During calendar year 2012, TA Drayage generated approximately $20 million in revenues. TA Drayage is expected to be accretive to Roadrunner’s earnings in 2013.