J.B. Hunt Transport announced Monday it entered an agreement to acquire furniture hauler Zenith Freight Lines for $87 million. The deal is expected to bolster J.B. Hunt’s final-mile and furniture delivery network.
Conover, North Carolina-based Zenith is a wholly owned subsidiary of furniture maker Bassett Furniture Industries (NASDAQ: BSET). It primarily serves the furniture industry providing specialized less-than-truckload transportation and warehousing services throughout the continental...
https://www.freightwaves.com/news/jb-hunt-acquires-furniture-hauler-from-bassett-in-87m-deal