Wednesday, March 11, 2020
Team Drive-Away (TDA; Olathe, Kan.), a leading truck transport provider in North America, recently acquired the drive-away businesses of IXT Logistics LLC (Kansas City, Kan.) and Transportation Booking Services (TBS; Kansas City, Mo.). Terms of the deals were not disclosed.
The transactions, which closed in early February, position Team Drive-Away to continue its long tradition of outstanding customer service through timely, safe, and damage-free truck deliveries. The partnership adds to TDA's volume in the growing Class 5-8 truck drive-away market and increases its service capacity and capabilities through the expansion of its team of independent delivery professionals and experienced logisticians.
TDA transports diverse types of Class 5-8 trucks for dealers, up-fitters, fleets, auctions, and others whether next door or across country as single moves or in multi-truck decked or boom configurations depending upon customer needs. Both IXT Logistics and TBS have been leaders in the truck transportation industry in their respective geographic markets.
"These new partnerships are a win-win for our customers and independent delivery professionals," said Steve Wambold, president of Team Drive-Away. "They expand TDA's ability to serve customers over a broader geographic area and importantly, a larger driver network gives us more service capacity."
These are the first acquisitions for TDA since being acquired by United Road Services in the fall of 2019. United Road, a portfolio company of The Carlyle Group, is North America's largest and most diversified finished vehicle logistics provider, using proprietary technology to expedite the movement of more than four million new and remarketed cars and light trucks annually.
SOURCE: The Weekly Propane Newsletter, March 12, 2020. Subscribe to receive all the latest posted and spot prices from all major terminals and refineries around the U.S., featuring a center spread of posted prices that includes hundreds of postings completely updated each week, market analysis, insightful commentary and more.
The transactions, which closed in early February, position Team Drive-Away to continue its long tradition of outstanding customer service through timely, safe, and damage-free truck deliveries. The partnership adds to TDA's volume in the growing Class 5-8 truck drive-away market and increases its service capacity and capabilities through the expansion of its team of independent delivery professionals and experienced logisticians.
TDA transports diverse types of Class 5-8 trucks for dealers, up-fitters, fleets, auctions, and others whether next door or across country as single moves or in multi-truck decked or boom configurations depending upon customer needs. Both IXT Logistics and TBS have been leaders in the truck transportation industry in their respective geographic markets.
"These new partnerships are a win-win for our customers and independent delivery professionals," said Steve Wambold, president of Team Drive-Away. "They expand TDA's ability to serve customers over a broader geographic area and importantly, a larger driver network gives us more service capacity."
These are the first acquisitions for TDA since being acquired by United Road Services in the fall of 2019. United Road, a portfolio company of The Carlyle Group, is North America's largest and most diversified finished vehicle logistics provider, using proprietary technology to expedite the movement of more than four million new and remarketed cars and light trucks annually.
SOURCE: The Weekly Propane Newsletter, March 12, 2020. Subscribe to receive all the latest posted and spot prices from all major terminals and refineries around the U.S., featuring a center spread of posted prices that includes hundreds of postings completely updated each week, market analysis, insightful commentary and more.
