RoadOne IntermodaLogistics, a single source intermodal, distribution, and logistics services company, announces today the acquisition of Savannah-based Crown Transportation to expand its U.S. Southeast intermodal drayage and logistics operations and overall North American network. Going forward the company's name will be Crown IntermodaLogistics in keeping with RoadOne's family of brands.
In January 2019, RoadOne partnered with Nonantum Capital of Boston as its equity partner to support its continued coast-to-coast expansion efforts and to invest further in industry-leading technology. RoadOne's mission is to serve as the premier platform for customers, owner/operators and RoadOne team members.
Crown's owner and president, Rick Prevatt, and COO, Steven McAllister, will continue to run the company supported by RoadOne's strong fuel, truck and insurance purchasing capabilities, national warehousing and depot services, as well as advanced, end-to-end TMS TrueVision technology platform.
Crown strengthens RoadOne's overall network with the addition of a container terminal in Savannah and 500,000+ square feet of transload and warehousing capacity, as well as 100 trucks to serve port drayage and the transload operations in this area. In addition, Crown provides specialization in overweight cargo handling and transloading.
In 2020, RoadOne also plans to expand its transload operations in Houston and Norfolk, along with markets in the Pacific Northwest.
"We are all excited to be joining the RoadOne team and looking forward to the next phase of our exciting history. RoadOne's national presence, industry-leading resources, and strong entrepreneurial leadership team will provide us with the expertise we need to expand and build the nation-wide Crown IntermodaLogistics transload division. I am really excited about all the opportunities this will allow us to offer our existing, as well as new customers," Ricky Prevatt, President of Crown IntermodaLogistics, a division of RoadOne IntermodaLogistics.
"I'm thrilled to add Crown IntermodaLogistics, a strong, experienced intermodal trucking and logistics company to our national footprint to deliver the increased capacity and comprehensive intermodal logistics solutions our customers' supply chains depend on," said Ken Kellaway, CEO of RoadOne IntermodaLogistics.
In recent years, RoadOne has adopted a three-pronged business model to address its customers' supply chain requirements for agility, flexibility and unmatched reliability. This framework includes a RoadOne company store model with 1300 trucks operating out of over 40 locations and an extensive agent network with over 600 trucks running out of over 35 terminals under the brands First Coast, Mile High, US, American and GuideOne IntermodaLogistics. In addition, RoadOne has a drayage brokerage operation, RoadOne LogisticSolutions, located in Tampa, Florida.
Crown Transportation will now come under the RTS Holdings, LLC company name doing business as Crown IntermodaLogistics.
FTR reported that preliminary North American Class 8 net orders in October totaled 28,300 units, marking a 14% month-over-month (m/m) decline but a 2% year-over-year (y/y) increase.
View ArticleIndustry updates and weekly newsletter direct to your inbox!