CSX acquires Quality Carriers
CSX Corp. completed its acquisition of Quality Carriers, Inc. in early July. Quality Carriers is the leading North American provider of bulk liquid chemicals truck transportation. CSX acquired the carrier from Quality Distribution, Inc. Financial terms of the transaction were not disclosed.
Quality Carriers operates more than 2,500 trucks and 6,400 trailers that serve many of the largest chemical producers and processors. The addition of Quality Carriers enables CSX to extend the reach of its network and gain access to new products, markets and regions through a multimodal network.
“We are thrilled to welcome the Quality Carriers team to CSX,’’ said James M. Foote, president and chief executive officer of CSX. “We strive to provide chemical producers and shippers with the most efficient, cost-effective transportation services possible. By combining CSX’s and Quality Carriers’ capabilities, we can deliver an unparalleled multimodal solution that will generate substantial value for our customers.”
Randy Strutz, president of Quality Carriers, said: “Joining the CSX family strengthens our position as the leading bulk chemical trucking network in North America. “CSX is a pioneer in rail-based bulk chemical transportation, and there is tremendous potential in this combination. We look forward to integrating our capabilities and to providing enhanced bulk chemical transportation solutions.”
Based in Jacksonville, Fla., CSX provides rail, intermodal and rail-to-truck trans-load services and solutions to customers across a broad array of markets. It links more than 230 short-line railroads and more than 70 ocean, river and lake ports with major population centers and farming towns, the company said.
About Quality Carriers
Based in Tampa, Fla., Quality Carriers operates the largest liquid bulk chemical trucking network, including more than 2,500 trucks and 6,400 trailers in North America. It also owns a network of more than 100 company-owned and affiliated terminals and facilities in key locations throughout the U.S., Canada and Mexico