ATLANTA — Alabama Motor Express (AMX), a trucking and third-party logistics company, recently announced the acquisition of substantially all the assets of Powell Transport Solutions, a trucking asset firm specializing in refrigerated freight, and its affiliates. The deal, announced in February, adds 35 refrigerated trailers to the AMX fleet, helping the company achieve its goal to expand its service offerings to a wider customer base and become the most prominent freight company in the Southeast.
“We’re on a clear path forward. This acquisition is an exciting step as we bolster our position as a leading full-service, logistics provider in the region,” said Taylor White, AMX vice president. “We are very pleased to add Paul Powell, the Powell Transport Solutions employees and their accomplished drivers to our team. Paul has developed excellent relationships with his company’s long-time customer base, and we look forward to building on that base.”
“We are delighted to join the AMX team,” said Paul Powell, Powell Transport Solutions president. “Our focus on customer service and our ability to achieve the highest service standards will be enhanced by the resources and scale provided through AMX.”
Powell will serve as the leader of AMX’s refrigerated-services division. All Powell Transport Solutions employees and drivers are expected to retain their positions with AMX. In addition, AMX has access to Powell’s customer base, offering them a broad range of truckload and 3PL services.
“We’re in the middle of Freight Alley, where refrigerated freight demands continue to grow,” said White. “Now we can meet the diversified needs of our customers using more of our own trucks, drivers and 3PL services. And we’re gaining the support of a savvy, experienced team that knows temperature-controlled freight, understands its customers and wants to grow with us in the sector. We’re capitalizing on our long-term growth strategy and ready to grow with new opportunities.”
The acquisition is the latest in a series of growth-focused decisions designed to broaden the scope and reach of AMX, which began with the recently opened branch offices in Atlanta and Savannah, Ga. The acquisition puts AMX’s sister company, AMX Logistics, in the heart of major distribution hubs where it can streamline communications with customers and shippers in the region. AMX continues to add drivers, logisticians and other transportation professionals to accommodate its ever-growing business portfolio. In addition, AMX has invested in innovative technology platforms to ensure optimal service for its customers, carriers and drivers.
Terms of the transaction were not disclosed.
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