SCS Transportation Acquisition Clark Bros
SCS Transportation Inc. has acquired Clark Bros. Transfer Inc., a Midwestern less-than-truckload carrier operating in 10 states
SCS Transportation Inc. has acquired Clark Bros. Transfer Inc., a Midwestern less-than-truckload carrier operating in 10 states.
The operations of Clark Bros. will be integrated into Saia later this spring, bringing Saia transportation service to major Midwestern markets including Chicago, Minneapolis, St. Louis and Kansas City. The expanded Saia will serve 29 states with 127 terminals.
In 2003, Clark Bros. recorded revenue of $66 million and $4 million in operating income, generating an operating ratio of 93.9%. SCS Transportation expects the acquisition and integration to be accretive to earnings beginning in 2004, with additional revenue synergies going forward.
"This acquisition expands the ability of Saia to offer seamless, top-quality LTL service to current and new customers in multiple regions," said Bert Trucksess, chairman, president and chief executive officer of SCS Transportation. "We greatly enhance the value Saia delivers for customers, employees and shareholders by adding the Midwest and Plains states to our current Saia service in the South, Southwest, Pacific Northwest and West."
SCS Transportation provides trucking transportation and supply chain solutions to 72,000 customers across the United States. With 2003 revenues of $827 million, the company focuses on regional and interregional less-than-truckload and selected truckload services.
Operating subsidiaries are Saia, a multi-region LTL carrier based in Duluth, Ga., and Jevic, a hybrid LTL and truckload carrier based in Delanco, N.J. Headquartered in Kansas City, Mo., SCST has approximately 7,700 employees nationwide.
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