CSX has completed its acquisition of Quality Carriers, a provider of bulk liquid chemicals truck transportation.
Quality Carriers operates more than 2,500 trucks and 6,400 trailers that serve many of the largest chemical producers and processors. The financial terms of the transaction were not disclosed.
“We are thrilled to welcome the Quality Carriers team to CSX,” James M. Foote, president and chief executive officer of CSX, said in a news release.
“We strive to provide chemical producers and shippers with the most efficient, cost-effective transportation services possible,” Foote added. “By combining CSX’s and Quality Carriers’ capabilities, we can deliver an unparalleled multimodal solution that will generate substantial value for our customers.”
Officials argue the addition of Quality Carriers enables CSX to extend its network reach and gain access to new regions with a multimodal solution that leverages the reach of truck transportation. Additionally, CSX said it can now provide more comprehensive transportation services to customers throughout supply chains.
“Joining the CSX family strengthens our position as the leading bulk chemical trucking network in North America and provides our customers with an integrated rail-to-highway offering that will revolutionize the chemical transportation industry,” Randy Strutz, president of Quality Carriers, said in a news release.
“CSX is a pioneer in rail-based bulk chemical transportation, and there is tremendous potential in this combination,” Strutz added. “We look forward to integrating our capabilities and to providing enhanced bulk chemical transportation solutions.”
