Maverick selling off reefer division

Discussion in 'Truckers News' started by drvrtech77, May 24, 2019.

  1. drvrtech77

    drvrtech77 Road Train Member

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    Maverick to sell off reefer division to KLLM

    Maverick Transportation has announced that they will be selling their refrigerated division to Mississippi-based trucking company KLLM Transport Services.

    Maverick announced the sell off via press release on Friday, May 24.

    Maverick says that they have included provisions to take care of their drivers during the transition process:

    “They [KLLM] will be purchasing selected assets and offering a very attractive employment package to our drivers.

    We have been working very closely with KLLM to provide our drivers a smooth, seamless transition to their team. KLLM is a leader in their industry and our companies share a passion for safety and doing things right. Taking care of our drivers is our primary focus and will continue to be through the transition process.”

    Maverick informed their drivers of the sale yesterday via a PeopleNet message that read:

    “Maverick entered the temperature controlled business in 2010 as part of a diversification strategy as we were coming out of the Great Recession. After 9 years of hard work building our business, we have made the very difficult decision to exit the temperature controlled space and focus on our strengths, our flatbed and specialized business units. – We have entered into an agreement to sell our temperature controlled division to KLLM Transport Services based in Jackson, MS. They will be purchasing selected tractors and offering employment to our drivers. KLLM is a leader in the temperature controlled business and shares our passion for safety and doing things right. We are grateful our drivers in our temperature controlled business chose Maverick for their driving career and although we are exiting the temp business, we want them to have a seamless opportunity to work with a company we know and respect. KLLM operates solely in the temperature controlled business and is very good at what they do…”

    https://cdllife.com/2019/maverick-to-sell-off-reefer-division-to-kllm/
     
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  3. mjd4277

    mjd4277 Road Train Member

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    Sounds like they were bumping heads with other companies(other megas and O/Os)involved in reefer madness and decided to pull out before they took a huge loss.
     
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  4. Oor

    Oor Road Train Member

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    Times are good, we should concentrate on our core.

    Times are bad, we should diversify.

    And so it goes. Hi ho.
     
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