Velocity Express Completes Acquisition of CD&L

Click here to write a Letter to the Editor.

elocity Express Corp. has completed its acquisition of package delivery company CD&L, the company said Friday in a release.

Velocity Express, also a package delivery firm, acquired all outstanding shares of CD&L for $3 a share.

Velocity Express, which is ranked No. 84 on the Transport Topics 100 list of the largest for-hire carriers in the United States and Canada, announced the acquisition last month. (Click here for previous coverage.)