Roadrunner Transportation Acquires Southeast Drayage Division of Transport America
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.
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.
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