Old Dominion acquires UW Freight Line

Old Dominion Freight Line Inc. has signed a definitive agreement to purchase assets of

UW Freight Line, a $23 million less-thantruckload (LTL) carrier headquartered in Salt Lake City, Utah. UW Freight operates 18 service centers and one inland port in five states and has one service center under construction. The transaction includes the purchase of accounts receivables, all revenue equipment, office equipment, information systems, all service centers owned and under construction and the corporate office.

As a result of the purchase, Old Dominion plans to expand its network of 154 service centers with 16 of UW's service centers, including the service center under construction, and to consolidate the operations of the remaining three with the company's existing service centers. The geographic coverage provided by these new service centers will give Old Dominion its initial direct service in Idaho and Wyoming, increasing the numbers of states in which it operates to 46. It will also enable Old Dominion to launch full-state coverage in Colorado, Idaho, Nevada and Utah, bringing the number of states with full-state coverage to 37.

Old Dominion is an LTL multi-regional motor carrier providing onetofive day service among five regions in the U.S. and next-day and second-day service within these regions.

Hide comments

Comments

  • Allowed HTML tags: <em> <strong> <blockquote> <br> <p>

Plain text

  • No HTML tags allowed.
  • Web page addresses and e-mail addresses turn into links automatically.
  • Lines and paragraphs break automatically.
Publish