Old Dominion wraps up Kansas acquisition

Jan. 21, 2005
Old Dominion buys Wichita Southeast Kansas Transit

Thomasville, NC-based LTL carrier Old Dominion Freight Line (ODFL) is finalizing its acquisition of regional LTL operator Wichita Southeast Kansas Transit (WSKT) of Parsons, KS. The acquisition is part of ODFL’s announced plan to create a multi-regional LTL network across the lower 48 U.S. states.

“We intend to combine WSKT's 43 service center operations in 10 states and its entire route structure with Old Dominion’s network of 139 service centers, increasing our company’s network to 149 service centers,” said Earl Congdon, ODFL’s chairman & CEO.

Congdon said WSKT produced revenue of approximately $68 million for its 2004 fiscal year, which ended Sept. 30, and will help OFL improve its current service offerings in the Midwest and South Central regions of the U.S., as well as its inter-regional capabilities.

“This will help our growth and service strategy … of building a world-class multi-regional and inter-regional network,” he added. “We have an extensive history of successfully completing and integrating strategic acquisitions, and we have the financial strength to pursue appropriate transactions aggressively. As a result, we will continue to evaluate additional transactions that meet our acquisition criteria.”

Sponsored Recommendations

Tackling the Tech Shortage: Lessons in Recruiting Talent and Reducing Turnover

Discover innovative strategies for recruiting and retaining tech talent in the trucking industry at our April 16th webinar, where experts will share insights on competitive pay...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

Stop Sweating Temperature Excursions

Advanced chemical indicators give you the peace of mind that comes from reliable insights into your supply chains. Compromised shipments can be identified the moment they arrive...

How Electric Vehicles Help You Prolong the Life of Your Fleet

Before adopting electric vehicles for commercial/government fleets, prioritize cost inquiries. Maintenance is essential; understand the upkeep of EV fleets. Here’s what you need...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!