Truckload carrier P.A.M. Transportation Services wrapped up its acquisition of regional truckload operator East Coast Transport this week and said it plans to rename it East Coast Transport and Logistics LLC. Financial terms of the deal were not disclosed.
Paulsboro, NJ-based East Coast posted revenues of $33 million last year. Tontitown, AR-based P.A.M. expects the acquisition of East Coast to help expand its capabilities.
"The acquisition will provide a significant boost to the logistics revenues and logistics capabilities of P.A.M.," said P.A.M. president & CEO Bob Weaver. "It will also broaden our current list of customers and enhance the diversity of our customer base."
This is the second acquisition by P.A.M. in a year. It purchased Transcend Logistics in early 2002.