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.
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
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CSX Corp. (NASDAQ: CSX) announced Wednesday that it has signed an agreement with Quality Distribution to acquire bulk liquid chemicals transportation provider Quality Carriers Inc. Terms of the agreement were not disclosed.
The Quality Carriers management team will continue to lead the chemical transportation entity as a part of CSX. Randy Strutz, president of Quality Carriers, explained the existing synergies between the two companies will offer better efficiencies for their customers. Quality Carriers is excited to become a new and integral part of CSX, which has unparalleled knowledge, experience and presence in the rail-based bulk chemicals transportation space, he said. Together, we will be exceptionally positioned to provide our customers – many of which have existing relationships with both CSX and Quality Carriers – with a unique and seamless rail-to-highway offering. We look forward to partnering with CSX and to create a new level of efficiency for bulk ch