A Canadian fleet and logistics company announced a multi-million-dollar investment to establish a headquarters in San Angelo, Texas.
Allen’s Transport Ltd, recently acquired a parcel and commercial building at 1182 Gas Plant Road in San Angelo, according to the San Angelo Chamber of Commerce. Known for liquid materials hauling and peripheral services, the new terminal includes a 24,500-square-foot industrial facility on 10 acres of land. Allen’s Transport would promptly enjoy access to seven high-bays and repair, maintenance, and equipment cleaning space.
“This important industrial recruit transaction started in 2019, as a combined effort of the San Angelo Chamber of Commerce Economic Development Department and the City of San Angelo Development Corporation. (Allen’s Transport) is developing a strong business model in west Texas and selected San Angelo as their US headquarters,” Michael Looney, VP of Economic Development at the Chamber of Commerce, reportedly said.
Since forming in 1991, Allen’s Transport steadily expanded its presence in oilfield-related transport and services. These involve offering equipment for chemical and acid hauling, as well as rail freight logistics, and others. The organization reportedly plans to hire 20 full-time employees in Texas.
LGT Buys Jason Thomas Trucking
Headquartered in Omaha, LGT continues to increase its freight-hauling footprint by acquiring Jason Thomas, a respected agricultural materials hauler.
LGT has expanded its services in recent years, adding the delivery of anhydrous ammonia and liquid propane. Now the company is looking forward to growing in the agricultural sector through the Jason Thomas acquisition in Hastings, Nebraska. Known for moving liquid fertilizer transportation throughout the Midwest, the Jason Thomas buy gives LGT an additional eight tractors and 11 trailers and will maintain its Hastings headquarters.
“We are honored to continue the legacy of Jason Thomas and expand our network of business operations,” Pam Spaccarotella, CEO and founder of LGT, reportedly said. “Jason Thomas Trucking shares our same commitment to drivers and customers. We believe together we will create an even greater extended offering for our customers.”
Ryder Faces Takeover Bid
HG Vora Capital Management reportedly made an unsolicited offer to purchase all outstanding Ryder Systems shares for $86 each. Ryder shares hovered around $72 at the time of the offer, and the $4.4 billion may result in the organization becoming a privately-held corporation. HG Vora already owned approximately 10 percent of Ryder’s shares.
“Consistent with its fiduciary duties and in consultation with its financial and legal advisors, the Ryder Board of Directors will carefully review and evaluate the indication of interest to determine the course of action that it believes is in the best interest of the company and its shareholders,” the company reportedly stated.
The bid appears to be a strategic wealth-garnering effort, based on the fact Ryder shares have traded as high as $93 during the last year.
Is the Canadian company using there own funds or are the buying with US grants and loans with US taxpayers money?
Of course we’re footing the bill….no business ever moves to a new city on their own money