CSX Corp., Jacksonville, said on May 12 that it has signed a definitive agreement to acquire Quality Carriers Inc., the largest provider of bulk liquid chemicals truck transportation in North America, from privately-held global logistics and transportation company Quality Distribution Inc., Tampa. Terms of the transaction were not disclosed.
CSX said Quality Carriers has been a leader in in bulk chemicals transportation since 1913 and operates the most extensive bulk tank trucking fleet in North America, with around 2,500 drivers. Through a network of over 100 company-owned and affiliate terminals and facilities in key locations throughout the U.S., Canada, and Mexico, Quality Carriers provides transportation services to many of the leading chemical producers and shippers in North America. CSX said the transaction will create a unique multimodal chemicals transportation solution that will expand the reach of both CSX and Quality Carriers.
Quality Carriers’ management team, led by President Randy Strutz, will continue to lead the business as part of CSX.
The transaction is expected to close in the third quarter of 2021, subject to regulatory review and certain customary closing conditions.