Warren’s Universal Logistics Holdings, a provider of customized transportation and logistics solutions, has acquired Roadrunner Intermodal Services, Morgan Southern Inc., Wando Trucking, and Central Cal Transportation – collectively Roadrunner Intermodal – from Roadrunner Transportation Systems in Illinois. Details of the deal were not disclosed.
Roadrunner Intermodal is a nationwide drayage provider, servicing major port and rail locations. It operates a fleet of more than 700 tractors and services a range of customers using a mix of company-owned and owner-operator provided capacity. For the trailing 12-month period that ended Sept. 30, the company reported total operating revenues of $125 million.
Universal expects its intermodal drayage business will operate an estimated fleet of more than 2,500 tractors, transact business from 49 terminals across the U.S., and produce future annual revenues in excess of $500 million. Universal anticipates Roadrunner Intermodal will operate as a company subsidiary.
“The acquisition of Roadrunner Intermodal is extremely exciting for us,” says Jeff Rogers, CEO of Universal. “Roadrunner Intermodal has been a strong competitor over the years, servicing several of the same markets as Universal. We see a great deal of opportunity to integrate these two best-in-class drayage providers, while adding a significant amount of additional capacity to our network.”
Universal offers its solutions in the U.S., Mexico, Canada, and Colombia. It offers truckload, brokerage, dedicated, intermodal, and value-added services.
The Roadrunner brand offers less-than-truckload and over-the-road truckload services.