Arnold Hits Growth Vein In Logistics
For years, Arnold Industries, which operates one of the nation’s most profitable regional less-than-truckload freight carriers — New Penn Motor Express — has looked for opportunities to expand beyond the Northeast.
Now, it appears that Arnold has found the solution to enlarging its business and expanding its profits much closer to home.
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In 1992, the parent company purchased the first of four short-haul truckload carriers and later combined them with an existing division to create Arnold Transportation Services. Truckload now accounts for nearly half of Arnold’s revenue, but only 13% of its operating profits.
Arnold also flirted with the idea of creating a New Penn look-alike in the West, but retreated from that plan after a bid to acquire Motor Cargo Industries of Salt Lake City was rejected in 1997.
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