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7/1/2021
CSX Corp. today announced it has completed its previously announced acquisition of Quality Carriers Inc., a North American provider of bulk liquid chemicals truck transportation, from Quality Distribution Inc.
Financial terms of the transaction were not disclosed.
Quality Carriers manages more than 2,500 trucks and 6,400 trailers that serve many of the largest chemical producers and processors. The acquisition enables CSX to gain access to new products, markets and regions through a competitive multimodal solution that leverages the reach of truck transportation with the cost-advantage of rail service, CSX officials said in a news release.
"We strive to provide chemical producers and shippers with the most efficient, cost-effective transportation services possible. By combining CSX’s and Quality Carriers' capabilities, we can deliver an unparalleled multimodal solution that will generate substantial value for our customers," said CSX President and Chief Executive Officer James Foote.
"Joining the CSX family strengthens our position as the leading bulk chemical trucking network in North America and provides our customers with an integrated rail-to-highway offering that will revolutionize the chemical transportation industry," added Quality Carriers President Randy Strutz.