RoadOne IntermodaLogistics, a nationwide drayage company, has acquired its fourth company in 18 months, purchasing Jarvis Trans Inc. to boost its network in the Northeast US and comply with regulations on electronic logging devices (ELDs) and clean trucks.
The Randolph, Massachusetts-based RoadOne is a second-generation intermodal company that has been buying regional drayage providers, adding experience to its team, and ensuring compliance with strict hours-of-service rules and clean truck standards at the marine ports.
Jarvis executives Peter Lawless and Eric Jones will remain in their current jobs.
“The acquisition of Jarvis Transportation allows RoadOne to address all of these issues. Jarvis’ management team of Peter Lawless and Eric Jones have decades of operational experience between them and are backed up with a talented staff,” said David McLaughlin, chief operating officer of RoadOne IntermodaLogistics. “Jarvis’ drivers operating newer, clean trucks, that are already ELD complaint, will increase RoadOne’s capacity in the Northeast market. This is a great fit for both companies and we look forward to a bright future together.”
More trucks for intermodal, drayage in Northeast US
With the Jarvis acquisition, RoadOne adds more trucks to its existing intermodal and drayage service in Boston, Philadelphia, and New York and New Jersey. Total laden TEU traffic through Boston rose 2.9 percent year over year in 2017 to 211,208 TEU, while traffic at Philadelphia increased 21 percent to 362,819 TEU, and New York-New Jersey’s volume grew 5.5 percent to 4.8 million TEU, according to PIERS, a sister product of JOC.com.
“Jarvis Trans has always strived to provide our customers with the highest levels of efficiency and customer satisfaction. Now, as part of the RoadOne team, we are excited to provide our customers with even more innovative services and with the same emphasis on efficiency, responsiveness, and customer satisfaction,” said Eric Jones, Jarvis Trans chief operating officer.
RoadOne CEO Ken Kellaway teased a transaction when it announced a transaction with Southeast US drayage provider Robin Hood Container Express on Thursday Feb. 1, 2018.
Kellaway said at the time that two more deals were likely to occur within 90 days and his goal was to increase his fleet from 1,100 to 1,500 trucks before the end of 2018. This deal was the first of the two, according to McLaughlin, and adds 80 trucks to the fleet, putting the total at about 1,200.
“We are pleased to have Peter, Eric, and the rest of the Jarvis Team join RoadOne. They have worked hard to build a high-quality service company that will clearly add value to RoadOne’s Northeast operations. With the ELD era upon us Jarvis can help us to continue our mission to build the premier intermodal trucking company in the United States by providing additional capacity and service in the challenging New York-New Jersey to Boston corridor,” said Ken Kellaway, CEO of RoadOne IntermodaLogistics.
Other transactions in 2016 and 2017 helped to boost RoadOne’s organic growth with more assets in different markets.
Last August, it acquired Global Logistics or UGL, an Itasca, Illinois-based carrier to strengthen its network in the Midwest. RoadOne also increased the density of its network in the Northeast with the September 2016 acquisition of Milford, Connecticut-based C&V Trucking, a container drayage company.
Terms of the deal were not disclosed.