FRESH

Saturday, November 2, 2024
Logistics

LTL carrier CCFS acquires Express 2000

Less-than-truckload carrier CrossCountry Freight Solutions (CCFS) said Tuesday it has acquired Express 2000 Transportation.

The deal provides CCFS with three terminals in Missouri (St. Louis, Springfield and Kansas City) to go along with its roughly 50 locations in the northern and western U.S. Express 2000 Transportation also offers full truckload, volume LTL and warehousing services. Express 2000’s website lists locations in Illinois, Iowa and Wisconsin as well.

The two carriers had been operating under an interline partner agreement.

“CCFS will work closely with the newly acquired team from Express 2000 to leverage synergies and identify opportunities for growth, further enhancing the value delivered to customers,” a news release stated. “The acquisition is a natural progression of this existing partnership, showcasing the shared values and alignment of missions between the two organizations.”

Financial terms of the transaction were not disclosed. The deal closed on July 28, with CCFS parent North American Holdings making the acquisition.

“We are confident that this acquisition will present new opportunities for personal and professional growth for all our team members,” said Eric Bischke, CCFS CEO. “By bringing Express 2000 into our family, we are uniting the best of both companies to become a stronger, more versatile freight solutions provider.”

Headquartered in Bismarck, North Dakota, CCFS has more than 1,000 employees, 500 drivers and nearly 600 tractors. It provides direct service in 18 states.

More FreightWaves articles by Todd Maiden

Yellow files for bankruptcy

XPO to ramp up capacity to fill Yellow void

Forward Air starting to see impact from Yellow’s exit

The post LTL carrier CCFS acquires Express 2000 appeared first on FreightWaves.

Related Posts

Load More Posts Loading...No More Posts.