4/20/2012 9:00:00 AM
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Roadrunner Transportation Systems said it has purchased DE Transport, an asset-light flatbed carrier, for $11.2 million.
DE, based in Clearwater, Minn., primarily transports food and agricultural products, Roadrunner said in a statement late Thursday.
Roadrunner CEO Mark DiBlasi said the acquisition of DE broadens the service offerings within Roadrunnerâ€™s truckload and logistics segment while expanding the companyâ€™s flatbed capacity and customer base.
In 2011, DE generated $23.8 million in revenue. Roadrunner said it expects the acquisition to be accretive to its earnings in 2012.
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