Roadrunner Transportation Systems bought West Coast intermodal specialist The James Brooks Co., a $12 million company in 2010, for approximately $7.5 million.
The buyout “substantially enhances the scale and critical mass of our drayage operations in key ports on the West Coast,” said Mark DiBlasi, president and CEO.
James Brooks is the latest of several acquisitions by Roadrunner this year. The company recently reorganized its management team to aid its expansion.
James Brooks brings export and import drayage, transloading and truck brokerage business at the ports of Los Angeles and Long Beach and Oakland, Calif. The company primarily transports fresh produce, Roadrunner said.
Roadrunner, the fastest growing LTL trucker in 2010, increased its profit 350 percent in the first quarter and lifted revenue 20 percent to $171.2 million. The publicly owned carrier will report second quarter earnings Aug. 3.
Contact William B. Cassidy at firstname.lastname@example.org. Follow him on Twitter at @wbcassidy_joc