Daseke Grows with Builder Transportation Acquisition
Daseke announced the acquisition of Builders Transportation Co., a Memphis-based carrier of steel, aluminum, and metal products.
With a fleet of more than 300 company trucks, nearly 500 48-foot spread-axle trailers and around 15 owner-operators, Builders Transportation now also services the oilfield/energy sector and the building products industry.
Photo courtesy Daseke
Daseke announced the acquisition of Builders Transportation Co., a Memphis-based carrier of steel, aluminum, and metal products.
Builders Transportation has a fleet with more than 300 company trucks and nearly 500 spread-axle trailers. The company has flatbed operations across the continental U.S., hauling wire products, structural and sheet steel, aluminum products, building materials, cast iron, steel pipe, and machinery.
Daseke acquired Builders Transportation for a total of $53.8 million, $3.4 million of which included Daseke stock. The company brought in around $72.4 million in revenue for the 12-month period ending in June 2018.
“We’ve had Builders Transportation on our radar for quite some time,” said Don Daseke, CEO of Daseke. “They work with A-list customers, and like our other operating companies, have a passion for their people. The company has been in business since 1954 and it has a long legacy as a family-run operation.”
More Fleet Management
Kodiak Lines Up Fleets for Driverless Trucking
An agreement for 75 trucks, a new Texas freight lane, and progress on safety validation move Kodiak closer to its planned driverless highway launch.
Read More →
ITS Logistics Settles Religious Harassment Case
The Nevada-based logistics firm agreed to pay more than $396,000 to settle a religious harassment charge involving an employee's Jewish identity.
Read More →
Your Trucks Are Busy. That Doesn’t Mean They’re Winning.
High utilization doesn’t always mean strong margins. Looking beyond the current load can help fleets make better dispatch decisions and get more value from each truck’s time.
Read More →
Why This Trucking Recovery Is Different
Freight demand remains sluggish, but rising costs and tougher enforcement have taken enough capacity out of the market to change the outlook for motor carriers.
Read More →
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
PrePass Intelligence Mines Fleet Bypass, Toll and Safety Data
PrePass Intelligence helps fleets measure bypass savings, flag potential toll overcharges, and spot suspicious transactions by combining data from separate systems.
Read More →
Motive Adds AI Agents for Fleet Operations
New tools automate follow-up on fleet data, from maintenance work orders to driver alerts, with two-way voice conversations planned for later this year.
Read More →
Can You Beat Our Trucking Trivia Challenge?
Test your truck knowledge with 19 trivia questions from Heavy Duty Trucking Exchange. Can you keep up with the fleet pros?
Read More →
BeyondTrucks Adds Rules Checks to Dispatch
New Compatibility Engine checks driver qualifications, equipment requirements and fleet policies before loads are dispatched.
Read More →
Diesel Prices Hijack Trucking’s Worry List
ATRI’s annual survey finds cautious optimism about freight, but diesel costs, litigation, and insurance continue to squeeze fleets. Drivers have different priorities on several issues.
Read More →