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Roadrunner Purchases Flatbed Carrier

4/20/2012 9:00:00 AM
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Roadrunner Transportation

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 Roadrunner’s truckload and logistics segment while expanding the company’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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Emil Estafanous, CPA, CFF, CGMA