DFC Transportation Launches Aggressive Growth Plans
DFC Transportation Co., the former Dean Foods subsidiary, has launched a national expansion effort
DFC Transportation Co., the former Dean Foods subsidiary, has launched a national expansion effort.
The expansion efforts include the formation of a logistics unit, DFC Logistics USA, which will specialize in temperature controlled freight and related complete logistics needs, as well as identifying acquisition possibilities of other similar companies.
The company has 25 years of experience in logistics and DFC is projecting revenue of $100 million this year for the combined freight and logistics operations, prior to possible acquisitions.
"Our clients have wanted us to provide more than just truck transportation, and we have been logistics providers in the past to Dean's specialty divisions, but now that we have become an independent entity, we can leverage our significant experience providing specialty transportation needs for temperature controlled freight for other clients that have been requesting more and more of specialty services," said Ronald McCoy, President of DFC.
McCoy pointed out that DFC has extensive knowledge of the specialized needs of shippers that require special handling of high value freight such as pharmaceuticals, ice cream, candy and specialty foods.
DFC is "aggressively seeking" to acquire large and small carriers, both asset based and non-asset, as well as specialty logistics providers. The company also will consider small carriers and is expanding its owner-operator division.
The company is also making changes to attract drivers. The fleet is being revamped with the latest tractors, "with all the bells and whistles for the drivers," McCoy said. "We are not skimping on equipment, we are not having our drivers drive stripped down trucks. We believe that the key to attracting good drivers is to provide the best equipment, and we have the best."
DFC Truck Finance Inc. is a new holding company for future acquisitions, and it will also arrange financing and leasing for equipment as well as working capital for DFC carriers and owner operators.
DFC was a Dean Foods subsidiary since 1975. It was divested as part of the announced merger of Dean Foods and Suiza Foods and acquired by a holding company that included DFC senior management as stockholders.
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