Matson acquires assets of TransAmerica
Dec 5, 2003 12:00 PM, from staff and wire reportsMatson Integrated Logistics has completed the asset purchase of TransAmerica Transportation Services Inc (TTS), a third-party logistics company based in Akron OH. Financial details of the acquisition were not disclosed.
The new business unit will operate initially under the name TransAmerica Transportation Services LLC and will ultimately be renamed Matson Integrated Logistics. The unit will retain virtually all of TTS's current management team, company officials said.
Specializing in truck brokerage services throughout North America, TTS moves more than 50,000 shipments annually, generating revenues of about $45 million during the latest 12-month period. The company offers brokerage services, including truckload, less-than-truckload, expedited services, and intermodal.