• ITVI.USA
    11,222.050
    -1,562.720
    -12.2%
  • OTRI.USA
    16.190
    0.100
    0.6%
  • OTVI.USA
    11,205.090
    -1,561.380
    -12.2%
  • TLT.USA
    2.900
    0.080
    2.8%
  • TSTOPVRPM.ATLPHL
    2.520
    0.160
    6.8%
  • TSTOPVRPM.CHIATL
    1.860
    0.020
    1.1%
  • TSTOPVRPM.DALLAX
    1.310
    0.140
    12%
  • TSTOPVRPM.LAXDAL
    2.260
    0.100
    4.6%
  • TSTOPVRPM.PHLCHI
    1.260
    0.040
    3.3%
  • TSTOPVRPM.LAXSEA
    2.730
    0.150
    5.8%
  • WAIT.USA
    103.000
    -17.000
    -14.2%
  • ITVI.USA
    11,222.050
    -1,562.720
    -12.2%
  • OTRI.USA
    16.190
    0.100
    0.6%
  • OTVI.USA
    11,205.090
    -1,561.380
    -12.2%
  • TLT.USA
    2.900
    0.080
    2.8%
  • TSTOPVRPM.ATLPHL
    2.520
    0.160
    6.8%
  • TSTOPVRPM.CHIATL
    1.860
    0.020
    1.1%
  • TSTOPVRPM.DALLAX
    1.310
    0.140
    12%
  • TSTOPVRPM.LAXDAL
    2.260
    0.100
    4.6%
  • TSTOPVRPM.PHLCHI
    1.260
    0.040
    3.3%
  • TSTOPVRPM.LAXSEA
    2.730
    0.150
    5.8%
  • WAIT.USA
    103.000
    -17.000
    -14.2%
FinanceNewsTruckload

PS Logistics completes acquisition of Southeast Logistics

The acquisition marks PS Logistics’ 17th acquisition since 2007

PS Holdco LLC announced that it has completed the acquisition of Southeast Logistics Inc, which includes the assets of Houndstooth Transportation, C Cross Transport and Viking Transportation.

Tuscaloosa, Alabama-based Southeast Logistics has approximately 250 drivers and two terminals in Tuscaloosa and Waynesboro, Mississippi. The company specializes in shipments for the construction, steel and oil and gas industries.

“We are proud to welcome Southeast Logistics to the PS Logistics family. We look forward to working with their excellent drivers and experienced operations group to continue their great culture and strong customer service,” said PS Logistics CEO Scott Smith.

The deal is expected to add scale and density to PS Logistics’ operations in the Southeast. PS Logistics has completed 17 trucking and brokerage acquisitions since 2007, mostly partnering with families and owners in the flatbed trucking market.

Financial terms of the transaction were not disclosed.

“I am happy to be partnering with PS Logistics. We are a very family-oriented company. We have many employees, drivers and owner-operators who have been with us 15-plus years,” said Southeast Logistics President and owner Beau Wicks.

PS Logistics has grown to become one of the largest flatbed transportation providers in the United States since being founded in 2004. The company’s service offering includes: asset-based and non-asset-based transportation; brokerage; third-party logistics; managed transportation; warehousing; and supply chain services.

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Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.
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