Dynamex, Quick Terminate Merger

DALLAS — Dynamex said Wenesday that it and Quick International Courier had mutually agreed to terminte the agreement by which Dynamex would acquire Quick.

Dynamex chairman Richard McClelland said that the timing of the deal "just isn't right," but added that he expects to work toward developing a "strategic alliance" between Dynamex and Quick.

As part of the termination of the agreement, Dynamex said it will retain the right to first offer to acquire Quick through July.