P.A.M. finalizes East Coast purchase

Feb. 5, 2003
Truckload carrier P.A.M. Transportation Services wrapped up its acquisition of regional truckload operator East Coast Transport this week and said it plans to rename it East Coast Transport and Logistics LLC. Financial terms of the deal were not disclosed. Paulsboro, NJ-based East Coast posted revenues of $33 million last year. Tontitown, AR-based P.A.M. expects the acquisition of East Coast to help
Truckload carrier P.A.M. Transportation Services wrapped up its acquisition of regional truckload operator East Coast Transport this week and said it plans to rename it East Coast Transport and Logistics LLC. Financial terms of the deal were not disclosed.

Paulsboro, NJ-based East Coast posted revenues of $33 million last year. Tontitown, AR-based P.A.M. expects the acquisition of East Coast to help expand its capabilities.

"The acquisition will provide a significant boost to the logistics revenues and logistics capabilities of P.A.M.," said P.A.M. president & CEO Bob Weaver. "It will also broaden our current list of customers and enhance the diversity of our customer base."

This is the second acquisition by P.A.M. in a year. It purchased Transcend Logistics in early 2002.

About the Author

Sean Kilcarr | Editor in Chief

Sean reports and comments on trends affecting the many different strata of the trucking industry -- light and medium duty fleets up through over-the-road truckload, less-than-truckload, and private fleet operations Also be sure to visit Sean's blog Trucks at Work where he offers analysis on a variety of different topics inside the trucking industry.

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