Penske Logistics to Acquire Epes Transport System
Penske Logistics has signed an agreement to purchase Greensboro, North Carolina-based Epes Transport System.
Penske Logistics has agreed to acquire Greensboro, N.C.-based Epes Transport System.
Photo via Epes Transport System
Penske Logistics has signed an agreement to acquire Greensboro, N.C.-based Epes Transport System.
Penske said it views the acquisition as a growth opportunity that will enhance the company’s existing portfolio of dedicated transportation and logistics solutions. Details of the transaction were not disclosed.
The acquisition was announced to Epes employees in late May and the agreement was made public in late June. Penske plans to maintain Epes' current leadership team.
Epes Transport is a regional truckload carrier that was started in 1931 and is one of the largest private trucking companies in North Carolina, according to the company. Penske Logsistics is a subsidiary of Penske Truck Leasing with operations in North and South America, Europe, and Asia, offering supply chain management and logistics services.
Related: Covenant Transportation Acquires Landair for $83 Million
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 →