DHL Buys Midwest LTL Carrier Standard Forwarding
DHL has acquired Standard Forwarding, a less-than-truckload carrier based in East Moline, Ill., the (Davenport, Iowa) Quad-City Times reported. Terms were not released.
Standard Forwarding, a regional Midwest LTL carrier, has been in business since 1934, according to its website.
Standard Forwarding and its 500 employees will become part of DHL Freight, and the deal will include add about 300 trucks and 650 trailers to DHL’s operations, the Quad-City Times said on its website.
The sale marks the second time in more than a year that Standard Forwarding has had a change in ownership. In March 2010, four members of its leadership team bought the assets of Standard Forwarding Co., which had filed Chapter 11 bankruptcy in late 2009, the paper reported.
DHL USA is ranked No. 3 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.
