Celadon Trucking Services, a wholly owned subsidiary of Celadon Group, Inc. announced that it has agreed to purchase a portion of the operating equipment of USA Dry Van Logistics, based in McAllen, TX. The terms and conditions of the transaction were not disclosed.
USA Dry Van is a provider of cross border shipments of goods between Mexico and the United States, and the acquisition will enable Celadon to fulfill one of its primary goals of increasing its freight volumes and lane density in its primary freight lanes, according to a company announcement.
“USA Dry Van is a leading truckload carrier with respect to cross-border shipments between the U.S. and Mexico,” said Paul Will, Celadon president & COO. “Their footprint has tremendous potential to supplement the existing cross-border expertise for which Celadon is known and further accelerates our overall growth plans. Our companies also share a very similar, overlapping customer account base.”
As the company has with previous acquisitions, Celadon expects to assimilate many of USA Dry Van’s customers, as well as a portion of the USA Dry Van driver pool, within Celadon’s operations in order to improve asset productivity.
“We believe we can enhance the service to many of USA Dry Van’s former customers through upgraded equipment, advanced technology, additional assets available for dispatch, and an industry-leading safety record,” Will said.