South Carolina-based Southeastern Freight Lines is launching a truckload and logistics subsidiary, moving beyond its regional less-than-truckload market.
Southeastern Logistics Solutions will initially focus on dry van and temperature controlled truckload freight as well as flatbed and intermodal rail. Over time it plans to add cartage, drayage, air freight, residential delivery and import distribution.
SLS expands Southeastern's physical reach. "We're carefully establishing a group of dependable capacity partners that will give us the ability to offer this broad range of services across the nation," said Mike Moss, president of the new business unit.
The Lexington, S.C.-based company operates 76 LTL terminals across the South and Southwest from Texas and Oklahoma to Virginia.
The new venture is a sign of increasing diversification in LTL trucking. Carriers pressured by package integrators, truckload carriers and logistics operators are diversifying to gain footholds deeper in customer supply chains.
"A number of our (LTL) customers have additional needs for a partner with the ability to provide all modes of transportation, and we want to always be positioned to say 'yes' to their transportation needs," said Tobin Cassels, SEFL president.
With about $628 million in revenue in 2009, Southeastern is the 11th largest LTL trucking company in the U.S., as ranked by the JOC and SJ Consulting Group.
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