Refrigerated carriers

Refrigerated carrier R.E. Garrison buys Georgia produce hauler

Alabama-based refrigerated carrier R.E. Garrison Trucking said Monday it acquired fellow temperature-controlled fleet Boaty’s Transport.

Financial terms of the transaction were not provided.

Located in Jackson, Georgia, Boaty’s primarily hauls produce throughout the U.S. Southeast with a fleet of more than 50 tractors and 80 refrigerated trailers. Boaty’s will continue to operate under its current name.

“Boaty’s stood out to our Board of Directors because of their longstanding position within the...

NASA’s historic chopper haul

The many industries that make up the world of freight have undergone tremendous change over the past several decades. FreightWaves explores the archives of American Shipper’s nearly 70-year-old collection of shipping and maritime publications to showcase interesting freight stories of long ago.

The following are excerpts from the February 1965 edition of the Florida Journal of Commerce.

Click here to view the entire edition of the Florida Journal of Commerce – February 1965.

Chopper makes...

https://www.freightwaves.com/news/freightwaves-flashback-nasas-historic-chopper-haul

PS Logistics adds refrigerated assets in latest deal

A Colonial Freight Systems trailer being pulled on the highway

PS Logistics announced that its subsidiary Purdy Brothers Trucking has acquired certain assets of Phoenix Leasing of Tennessee Inc. The deal also included the acquisition of equipment and drivers from Phoenix sister company Colonial Freight Systems Inc.

The addition of 55 lease purchase drivers and 50 tractors will bolster Birmingham, Alabama-based PS Logistics’ temperature-controlled presence in the Southeast. Purdy Brothers is an asset-light refrigerated carrier based in Loudon, Tennessee,...

https://www.freightwaves.com/news/ps-logistics-adds-refrigerated-assets-in-latest-deal

Refrigerated carrier Marten posts record results in Q2

A Marten tractor and trailer on the highway

Refrigerated carrier Marten Transport achieved another record financial performance during the second quarter of 2022. After the market closed on Monday, the company reported revenue and earnings per share well ahead of consensus expectations.

Second-quarter consolidated revenue of $330 million was 42% higher year over year and 12% better than the consensus estimate. Diluted EPS of 39 cents was 13 cents higher y/y and 6 cents better than analysts had forecast.

A news release credited the...

https://www.freightwaves.com/news/refrigerated-carrier-marten-posts-record-results-in-q2

Refrigerated carriers combine as KLLM acquires Quest Global

A split photo of KLLM and Quest Global tractors

KLLM Transport Services, one of the nation’s largest temperature-controlled carriers, announced the acquisition of Quest Global on Thursday.

Based in Cartersville, Georgia, Quest Global provides refrigerated truckload services to a client list that includes “many Fortune 500 companies.” The carrier specializes in expedited transportation with coast-to-coast coverage utilizing driver teams.

Terms of the transaction were not disclosed.

“The acquisition of Quest Global Inc. will enhance KLLM’s...

https://www.freightwaves.com/news/refrigerated-carriers-combine-kllm-acquires-quest-global

Temperature-controlled carrier Hirschbach acquires John Christner Trucking

Hirschbach and JCT form national temperature-controlled truckload network

Refrigerated carrier Hirschbach announced Wednesday the acquisition of John Christner Trucking (JCT). The deal will form one of the biggest temperature-controlled fleets in the nation at more than 3,000 trucks (800 at JCT), 5,000 trailers and total revenue exceeding $1 billion.

By comparison, publicly traded refrigerated carrier Marten Transport (NASDAQ: MRTN) generated just shy of $1 billion in revenue during 2021 with a fleet of 3,200 units.

Financial terms of the transaction were not...

https://www.freightwaves.com/news/temperature-controlled-carrier-hirschbach-acquires-john-christner-trucking

Refrigerated hauler KLLM announces largest pay hike for drivers

KLLM latest to hike driver pay

Temperature-controlled truckload carrier KLLM Transport Services announced Tuesday its largest pay increase for drivers in the company’s more than 55 years in service. Over-the-road company drivers will see an increase of almost 33% to per-mile pay while regional company drivers and independent contractors leasing with KLLM will see a pay increase of 10% to 16%.

Jackson, Mississippi-based KLLM’s driver academy students finishing training will also see pay move up to 33% higher as they become...

https://www.freightwaves.com/news/refrigerated-hauler-kllm-announces-largest-pay-hike-for-drivers

TFI acquires Missouri trucking company D&D

A tractor-trailer of D&D Sexton, which was acquired by TFI International, travels on a highway with fields in background.

TFI International has acquired Missouri trucking company D&D Sexton in a deal that expands the temperature-controlled trucking business of the Canadian firm’s U.S. carrier CFI.

The acquisition, announced Monday, adds a fleet of over 120 tractors and more than 150 drivers. TFI (NYSE:TFII) did not disclose the price but said D&D had revenues of over $25 million. 

Carthage, Missouri-based D&D will operate within CFI — headquartered in nearby Joplin. It follows a recent reorganization of CFI, which...

https://www.freightwaves.com/news/tfi-acquires-missouri-trucking-company-dd

Marten Transport announces 50-cent special dividend

Marten continues to return cash to shareholders through special dividends

Marten Transport announced a special dividend of 50 cents per share Tuesday after the market closed. The Mondovi, Wisconsin-based refrigerated carrier also declared a regular quarterly cash dividend of 4 cents per share.

“The Board’s decision to declare the special and quarterly cash dividends reflects our strong financial position and commitment to enhancing stockholder value,” Randy Marten, executive chairman, stated in a press release. “This special dividend increases our current dividend...

https://www.freightwaves.com/news/marten-transport-announces-50-cent-special-dividend

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