• 3PL plans more trucking acquisitions

    On the heels of purchasing Kansas City-based Great Plains Trucking Co., OrderPro Logistics said it plans to make several more trucking acquisitions before the year is out. Third-party logistics provider OrderPro said it is actively pursuing acquisitions of mid-sized transportation companies, targeting three firms for its next round of purchases that have a total of $4.6 million in revenues. Great
    Oct. 14, 2002
    On the heels of purchasing Kansas City-based Great Plains Trucking Co., OrderPro Logistics said it plans to make several more trucking acquisitions before the year is out.

    Third-party logistics provider OrderPro said it is actively pursuing acquisitions of mid-sized transportation companies, targeting three firms for its next round of purchases that have a total of $4.6 million in revenues.

    Great Plains Trucking, by contrast, posted only $1 million in revenues last year, though OrderPro said it expects to expand Great Plains and eventually generate $2.5 million to $5.5 million in annual revenues.

    Tucson, AZ-based OrderPro said its goal over the next two to three years is to have annual revenue of $50 million, and it plans to achieve that target primarily though acquisitions. The key factor in making a trucking purchase, however, is whether Orderpro can then deploy its 3PL service and software to the shippers that have contracts with the trucking firm being acquired.

    About the Author

    Sean Kilcarr

    Editor in Chief

    Sean Kilcarr is a former longtime FleetOwner senior editor who wrote for the publication from 2000 to 2018. He served as editor-in-chief from 2017 to 2018.

     

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