CSX Corp announced Wednesday it has signed a definitive agreement to acquire Quality Carriers from Quality Distribution (
CCJ Top 250, No. 34). Terms of the transaction were not disclosed.
Quality Carriers, which operates the largest liquid bulk chemical trucking network in North America, will become a standalone entity within CSX and remain headquartered in Tampa, Florida.
Quality Carriers operates an extensive bulk tank trucking fleet with around 2,500 drivers and more than 100 company-owned and affiliate terminals and facilities throughout the U.S., Canada and Mexico.
The transaction will create a unique multimodal chemicals transportation system that will expand the reach of both CSX and Quality Carriers.
Quality Carriers sold to rail giant CSX
CSX Corp announced Wednesday it has signed a definitive agreement to acquire Quality Carriers from Quality Distribution. Terms of the transaction were not disclosed.
Quality Carriers, which operates the largest liquid bulk chemical trucking network in North America, will become a standalone entity within CSX and remain headquartered in Tampa, Florida.
Quality Carriers operates an extensive bulk tank trucking fleet with around 2,500 drivers and more than 100 company-owned and affiliate terminals and facilities throughout the U.S., Canada and Mexico.
The transaction will create a unique multimodal chemicals transportation system that will expand the reach of both CSX and Quality Carriers.
FreightWaves Haul of Fame: Quality Distribution, Inc. has a heritage that harks back to 1913 A Quality Carriers truck heads to its next stop. (Photo: Jim Allen/FreightWaves)
The history of Quality Distribution, Inc. (QDI) is really the story of several companies that were combined or acquired over several decades. This FreightWaves Haul of Fame article provides an overview of that history.
Humble beginnings
Quality Carriers was founded by B.F. Leaman in 1913 in Lancaster County, Pennsylvania. Leaman and his son Clair delivered loads of milk and lime around the county. By 1930, they were successful enough to purchase Mileage Motor Corporation, and began hauling fuel oil in addition to the lime and milk. In 1933, the Leaman Transportation Company was formed.
Tampa chemical trucking company sold to CSX in game-changer shipping deal tampabay.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from tampabay.com Daily Mail and Mail on Sunday newspapers.
WASHINGTON (dpa-AFX) - Transportation company CSX Corp. (CSX) announced Wednesday that it has signed a definitive agreement to acquire Quality Carriers, Inc., the largest provider of bulk liquid