Universal Truckload Services acquires 3 companies
Universal Truckload Services announced Jan. 14 it has acquired three transportation companies throughout the United States. Terms of the December 2009 acquisitions were not disclosed.
D. Kratt International Inc. is a full-service international freight forwarding and customs house brokerage firm based in Chicago. D. Kratt International 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 Universal Truckload Services.
Cavalry Transportation LLC and Cavalry Logistics LLC, based in Nashville, Tenn., offer fully integrated transportation resources designed to maximize value for its customers through logistic solutions in intermodal, truckload and less-than-truckload transportation options. Calvary will operate as a wholly owned subsidiary of Universal Truckload Services.
TSD Transportation L.P., 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 about 30 agents and 200 owner-operators. TSD International will be integrated into the operations of Louisiana Transportation Inc., a wholly owned subsidiary of Universal Truckload Services.
“We believe these acquisitions will nicely complement our current service offerings and add additional strength in our truckload operations,” says Don Cochcan, president and chief executive officer of Universal Truckload, based in Warren, Mich. “These were strategic acquisitions for us. Collectively, they should add about $35 million in annual revenue in 2010.”