Old Dominion signs deal for Montana-based LTL

The Trucker News Services

2/12/2008

THOMASVILLE, N.C. — Old Dominion Freight Line Inc. has signed a deal to purchase regional LTL carrier Bob’s Pickup & Delivery, headquartered in Sidney, Montana. BP&D produced annual revenue of approximately $10 million through its network of 12 service centers in Montana and one in Bismarck, N.D.

Upon the completion of the transaction, expected this week, Old Dominion will integrate BP&D’s route structure and service center operations into its network, combining the Bismarck service center with its existing service center and adding the 12 Montana service centers to its existing service center network, the company said. The carrier also will initiate full-state coverage in Montana, the 39th state in which Old Dominion provides this service.

“We are very pleased to announce this transaction, which not only adds a high quality franchise to our operations, but also enables us to achieve a milestone of providing direct service in each of the lower 48 states,” Earl Congdon, executive chairman of Old Dominion, said. “In 28 years serving the LTL market, Bob’s built a reputation for outstanding service and reliability. We look forward to enhancing that reputation by providing Bob’s customers with our comprehensive product offerings and our world-class multi-regional and national network.”

Robert (Bob) Bell, who with his sons, Randy and Raymond, operates BP&D, stated, “This transaction with Old Dominion presents tremendous opportunity for our customers and employees. Our company has prospered through the years in part because of the 'family culture' that permeates our organization. We are impressed with the spirit of the 'OD family' at Old Dominion. Because of the similarities of our companies in this regard, we believe our customers and employees will find a good home with Old Dominion.”

With the BP&D additions, Old Dominion will operate 204 service centers.

Old Dominion Freight Line Inc. is a less-than-truckload multi-regional motor carrier providing one-to-five day service among six regions in the United States and next-day and second-day service within these regions.