Swift to Buy Stake in Trans-Mex
Swift Transportation said it has agreed to purchase a 49% stake in Trans-Mex Inc., a truckload carrier based in Mexico.
“For the past five years, we have been transporting our customers’ freight to the U.S.-Mexico border and utilizing various Mexican truckload carriers to transport the freight within Mexico,” Swift Chairman Jerry Moyes said in a statement released Feb. 16.
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The move is expected to help Phoenix-based Swift, the nation’s fourth-largest dry van truckload carrier, to take advantage of rapidly growing demand for freight hauling between the United States and Mexico.
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“Through this arrangement, we will now have a single-source solution for transporting freight between the U.S. border and points within Mexico.”
