CSRI completes Simon purchase

Central Refrigerated Service Inc. (CSRI) has finalized its purchase of bankrupt Dick Simon Trucking for $50 million. Salt Lake City-based CSRI, owned by Texas-based regional LTL carrier Central Freight Lines, said it plans to sell off some of the assets it has bought from Dick Simon Trucking. Of the 2,300 tractors and 3,200 refrigerated trailers purchased, CSRI said it plans to put into operation
April 23, 2002
Central Refrigerated Service Inc. (CSRI) has finalized its purchase of bankrupt Dick Simon Trucking for $50 million.

Salt Lake City-based CSRI, owned by Texas-based regional LTL carrier Central Freight Lines, said it plans to sell off some of the assets it has bought from Dick Simon Trucking. Of the 2,300 tractors and 3,200 refrigerated trailers purchased, CSRI said it plans to put into operation between 1,400 to 1,500 tractors and 2,000 to 2,200 refrigerated trailers. CRSI's parent company, Central Freight Lines, is principally owned by Jerry Moyes, who is also chairman & president of Phoenix-based truckload carrier Swift Transportation. CSRI added that it expects to generate $200 million in revenues this year.

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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