Intermodal business under new ownership
Roadrunner in the USA has sold its intermodal services business to Universal Logistics Holdings, based in Michigan (USA), for USD 51.25 million in cash. Roadrunner Intermodal Services provides drayage and chassis management services to transport freight between ocean ports, rail ramps and shipping docks through 23 strategically located terminals nationwide.
The business generated revenues of USD 125 million for the trailing 12 months ending 30 September 2019 and was part of the company’s truckload segment.
Universal Logistics offers transport and logistics services across the entire supply chain and across the United States, Mexico, Canada and Colombia. (ben)