Sunday, April 22, 2018

Universal Truckload acquires three companies


Friday, January 15, 2010
The recent UTSI acquisitions are not expected to have a material effect on the company’s financial position, results of operations, or cash flows during 2010, Universal stated.
The recent UTSI acquisitions are not expected to have a material effect on the company’s financial position, results of operations, or cash flows during 2010, Universal stated.

WARREN, Mich. — Universal Truckload Services Inc. said Thursday that the company has acquired D. Kratt International Inc., Cavalry Transportation LLC and Cavalry Logistics LLC, and TSD Transportation L.P. The deals were completed in December 2009. Terms of the acquisitions were not disclosed.

D. Kratt International is a full service international freight forwarding and customs house brokerage firm based in Chicago.  It also provides extensive domestic and international logistics and warehousing functions, as well as comprehensive documentary and cargo insurance services. D. Kratt International will operate as part of Universal Logistics Inc., a wholly-owned subsidiary of UTSI.

Cavalry Transportation and Cavalry Logistics, based in Nashville, Tenn., offer fully integrated transportation resources in intermodal, truckload, and less-than-truckload transportation options.  Calvary will operate as a wholly-owned subsidiary of UTSI.

TSD Transportation, based in Texarkana, Texas, provides a wide variety of for hire freight services including van, flatbed, step deck, heavy haul, hot shots, and intermodal services throughout the United States. The TSD Transportation network consists of approximately 30 agents and 200 owner-operators. TSD International will be integrated into the operations of Louisiana Transportation Inc., also a wholly-owned subsidiary of UTSI.

The acquisitions are not expected to have a material effect on the company’s financial position, results of operations, or cash flows during 2010, Universal stated.

“We believe these acquisitions will nicely complement our current service offerings and add additional strength in our truckload operations,” said Universal President and CEO Don Cochran. “These were strategic acquisitions for us. Collectively, they should add about $35 million in annual revenue in 2010; however, we do not expect their impact to be accretive to earnings until the second half of the year.”

Universal Truckload Services Inc. is primarily an asset-light provider of transportation services to shippers throughout the United States and in the Canadian provinces of Ontario and Quebec. The company’s trucking services include both flatbed and dry van operations and the UTSI provides rail-truck and steamship-truck intermodal support services.

Kevin Jones of The Trucker staff can be reached for comment at kevinj@thetrucker.com.

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