Harbor Logistics has reportedly acquired ATS Logistics, one of the largest freight transportation and warehousing outfits at the Port of Charleston, S.C.
“ATS is an essential component of the Port of Charleston’s supply chain and import/export activity,” Allison Kingsley, Founder and Partner of NOVA Infrastructure, reportedly said. “Combining the talented ATS team with Harbor Logistics brings additional operating expertise and complementary customer relationships to a strategically located port market with structural tailwinds.”
ATS Logistics is expected to operate as a wing of the growing Harbor Logistics organization. Harbor Logistics entered the Charleston market in 2021 and has increased its drayage and warehousing capabilities. The operation has approximately 170 trucks and operates upwards of 135,000 square feet of warehouse space in the region. Charleston has emerged as a prominent deep-water port where ATS generated a reported $35 million hauling port cargo.
Forward Air Corporation Buys Land Air Express for $56.5 Million
Forward Air Corporation announced it has agreed to purchase the assets of Land Air Express for $56.5 million.
Headquartered in Bowling Green, Kentucky, Land Air Express is a full-service less-than-truckload expediter. The outfit employs upwards of 200 truck drivers, when including company and leased capacity providers. It holds more than 25 facilities across the country.
“Our core LTL business is the key growth area for Forward and the purchase of Land Air Express is an important addition to our LTL growth opportunities,” Forward president and CEO Tom Schmitt reportedly said. “This acquisition will accelerate the expansion of our national terminal footprint, particularly in the middle part of the United States, and we believe it will strategically position us to better meet the current and future needs of customers.”
Aqua Power Systems Acquires Tradition Transportation Group
Aqua Power Systems recently announced it acquired Tradition Transportation Group for $28.5 million.
“First of all, let me be as clear as possible to all the Tradition family of clients, drivers, and other employees that this acquisition does not change our business trajectory other than amplifying and accelerating the path we’ve already been on. We believe that this acquisition positions Tradition for next-level growth,” Tradition Transport President and CEO Tim Evans reportedly said. “Months of planning, discussing, and strategizing have come to fruition and I’m more excited for Tradition’s future than ever before.”
Based in Angola, Indiana, Tradition Transportation Group handles dry van, reefer, and flatbed freight transportation, as well as warehousing and fulfillment across the country. The organization employs approximately 60 full-time truckers and works with more than 130 owner-operators. Tradition Transportation also manufactures bolts, fasteners, custom plates, and cages through its Anthem Anchor Bolts and Fasteners subsidiary. Anthem Anchor Bolts is reportedly part of the deal.