Superior Carriers & Henniff
Discussion in 'Tanker, Bulk and Dump Trucking Forum' started by tank4life, Aug 20, 2019.
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RockinChair, DEllis and scythe08 Thank this.
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Olympus Partners Purchases Superior Bulk Logistics
RESULTING MERGER WITH HENIFF TRANSPORTATION MAY PRODUCE LARGEST TANK TRUCK CARRIER IN U. S.
The private equity firm Olympus Partners of Stamford, CT has finalized an agreement to acquire the assets of Superior Bulk Logistics (SBL), the largest privately held tank truck carrier in the U.S. Olympus is a major equity partner of Heniff Transportation Systems, a leading bulk liquid transport company with specialized intermodal expertise. Long term, SBL and Heniff — both with corporate offices located in Oak Brook, IL — will merge to form a single entity. The joining forces of these two highly-regarded industry leaders will create the most versatile bulk carrier network in the U.S. -
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In the immediate future, the two companies will continue to operate independently, and the current management will remain in place. Stone estimates that many employees may experience little direct change as a result of the recapitalization. “It’s likely that the biggest impact felt by most people will be the result of major initiatives already undertaken by SBL in 2019 in dispatch, tank cleaning, driver training, and intermodal operations, ” he stated. “Fortunately, the corporate culture of SBL and Heniff — a mutual dedication to safety, and to doing right by our people and our customers— is remarkably similar. We’ll continue these traditions, building strength upon strength, complementing our respective operations with newly shared capabilities and best practices. The primary initial difference in operations will be an enlargement of scale, a considerable expansion of our geographic reach.”
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Can someone post Heniff pay scale in the Chicago area... just curious how it differs from SBL.There'll be changes for us, just wondering whether it'll be for the good, or if we'll be taking a cut.
SBL Current pay for company drivers .56 loaded,. 45 empty. $21.5 hourly for local
TIA Just Curious, as the announcement said for the immediate future, which means to me we'll probably be merged over the course of 2020MYSTYKRACER Thanks this. -
Also I'm wondering how this is likely to impact hiring and training in the immediate future? While SBL is known for bringing on and training new CDL holders, Heniff flatly requires two years of experience. I could see this being one change that comes sooner rather than later for the new united company as I understand it has a huge impact on insurance costs.Last edited: Dec 19, 2019
DEllis Thanks this. -
It sounds like you'll get in with no problem from what you've posted, just waiting on your license.... Best Wishes to uMYSTYKRACER Thanks this. -
MYSTYKRACER Thanks this.
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I'm wondering if Carry Transit is affected--the Food Grade sister company of SBL.
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