Esco Switches Tack, Focuses on Intermodal
Esco Transportation is trying to struggle back from bankruptcy by cutting its over-the-road trucking operations in half, and concentrating instead on its intermodal business, according to the chairman of the Houston-based company.
“Historically, we’ve been highly profitable on the intermodal side, but for three years we’ve been losing money on our OTR truckload operations.
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At the start of the year, Edwis L. Selph Sr. was interested in mergers and expansions for his intermodal drayage business, which had come to be a strong player in Dallas and Houston (2-14, p. 3). In January, the firm acquired Quantum Transportation Co. of Minnesota.
Selph, who bought his first truck in 1971, said the merger was a good idea, but that the price of diesel has been ruinous to his firm.
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