Werner Enterprises Inc., a transportation and logistics provider, continues to roll up its acquisition, today revealing: Acquired final mile carrier NEHDS Logistics LLC for $ 64 millionThe deal will expand Werner’s existing nationwide final mile courier network for large and bulky products.
The bulky merchandise delivery sector has been one of the fastest growing segments of the transportation industry in recent years, with key players investing in the ability to keep up with expanding e-commerce trends. Just this year, freight carrier AIT Worldwide Logistics Acquired Select Express & Logistics in New York City, And Logistics Service Provider (LSP) Pilot Freight Service purchased both American Linehaul Corp., a company with less than truck load capacity (LTL). When California-based DSI Logistics.. And in 2020, JB Hunt Transport Services Inc. Acquired Mass Movement Inc., Even as RDI Last Mile Co., Ltd.
NEHDS, Monroe, based in Connecticut Operates more than 400 delivery trucks, primarily in the northeastern and midwestern corridors of the United States.. We mainly deliver large and bulky products using a two-person delivery team that performs residential and commercial deliveries over a network of 19 cross-dock, warehouse, and customer facilities.
The company is a fast-growing regional carrier with an average annual revenue growth of 27% over the last three years. The company generated $ 71.4 million in annual revenue over the 12 months to September 2021 and is in the process of expanding in the Mid-Atlantic and Southeastern regions.
The acquisition is the latest acquisition of Werner, based in Omaha, Nebraska, and paid $ 142.4 million in July. Buy 80% stake in local truck carrier ECM Transport Group..
“The addition of NEHDS operations, management teams, talented staff, and strong customer relationships to the Werner family represents a major step forward in the Final Mile delivery program,” said Derek Leathers, Chairman, President and CEO of Werner. Described in the release. .. “The combination of NEHDS’s award-winning services with our clients, a comprehensive portfolio of trucking capabilities, final mile logistics services, and technology will bring many benefits to Werner and NEHDS’customer base.”
Werner expands final mileage delivery network for large and bulky products
https://www.dcvelocity.com/articles/53107-werner-expands-final-mile-delivery-network-for-big-and-bulky-products Werner expands final mileage delivery network for large and bulky products