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In The News
We are pleased to announce that we have agreed to acquire Jones Motor Group (Jones), located in Limerick, PA. Jones has the distinction of being the oldest trucking company in existence [in the US], having been in business since 1894!
Jones Motor Company Family includes:
- Jones Motor
- Jones Motor Express
- Jones Motor Logistics
- Hot Shot Express
The combination of TII and Jones will create a leader in the industry with nearly $350 million in revenue and approximately 350 agents and 1,400 owner-operators servicing approximately 170,000 loads annually. There is almost no overlap with agents and customers and TII and Jones' complementary capabilities and strengths will provide more opportunities for agents, owner-operators and employees. For example, agents and owner-operators will have access to common load/truck availability, which will mean less deadhead, improved revenue per mile, and a master lease that will enable our trucks to take loads from any TII subsidiary and more seamlessly. Additionally, our combined companies will allow our agents and owner-operators to better attract new customers by taking advantage of Tll's well established brand names, representing quality and dependence across various segments of the trucking industry.
We are very excited about this new addition to the TII family and the opportunities that it creates for employees, agents, owner-operators and customers.
Click HERE to view the announcement by Michael J. Pellicci, CFO, Transport Investments, Inc.
Transport Investments, Inc. (“TII”) is a service company established in 1988 to serve as a holding company for companies already acquired by the principals and as a platform for future acquisitions and growth. The TII Family of Companies presently includes: American Transport, Inc.; American Wind Transport Group, LLC; Greentree Transportation Company; Aetna Freight Lines, Inc.; TII Logistics, Inc.; Marathon Transport, Inc.; Fleet Solutions LLC; and InTransit LLC. TII is one of the most financially sound trucking groups in the United States.
TII’s mission is to accumulate a formidable group of companies representing best-in-class transportation and related operating entities, dedicated to serving the industrial and building materials and machinery industry segments of the United States economy.
The company’s investment strategy is simple. Larger companies (normally with gross revenues in excess of $15 million) will be operated as a separate subsidiary. Smaller acquisitions will be operated as a division of one of the existing subsidiaries. Traditionally, in any acquisition we attempt to protect and preserve what we define as the three “Ps” of any company’s culture: their policies, procedures and personnel. We are looking for companies with strong management, or successor management in place, a solid earnings performance and a reputation of honesty and integrity. Transportation is as much about relationships as it is about know-how, so TII seeks companies with a culture founded on the same business principles as those of the operating entities owned by TII.
In some instances carriers may desire to operate as an “agent” of one of our operating entities and realize the advantages of association with a larger carrier group including: access to additional equipment and sources of freight, reduction or elimination of insurance, interest, administration and overhead expenses and availability of funding for expansion.
The TII Family of Companies is one of the largest and most financially stable private trucking groups in the United States. Today, the TII Family ranks among the top 40 general commodities carriers and is listed as among the top 15 flatbed/specialized carriers in the United States.
To learn more, you may contact:
Douglas B. McAdams, President
Phone: (412) 788-8878