Roadrunner Transportation Systems said it has acquired the Southeast drayage division of Transport Corporation of America Inc. for about $1.2 million.
Last year, the drayage division generated about $20 million in revenue, Roadrunner said.
The deal “enhances the scale and density of our intermodal services in the Southeast, complementing our asset-light service offering with the addition of over 100 independent contractors,” said Roadrunner Intermodal Services President Ben Kirkland.
“We will absorb the TA Drayage operations into our existing Southeast [Roadrunner Intermodal Services] locations,” he said in a statement.
TA Drayage primarily transports imports and exports for steamship lines and intermodal marketing companies from the ports of Charleston, S.C., Norfolk, Va., and Savannah, Ga.
Roadrunner is ranked No. 24 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.