Transport Corp. Buys Robert Hansen Trucking

Transport Corp. of America, Eagan, Minn., purchased Robert Hansen Trucking of Delavan, Wis., effective April 30.

The deal expands TCA's truckload freight-hauling capacity in an effort to meet increasing demand from new and existing customers.

Robert Hansen Trucking operates more than 200 company trucks in the eastern part of the U.S. The company had revenue of $24 million in 1998 and was expected to generate revenue of more than $30 million in 1999.

TCA said it paid $2.2 million in cash and issued approximately 350,000 shares of its common stock, and assumed about $16 million in debt to complete the transaction.

President Robert Hansen will join TCA as a marketing consultant and will represent the company in his role as vice chairman of the Truckload Carriers Association. Hansen is slated to become chairman of the group next year.

TCA Chairman James B. Aronson said the two companies will combine their truckload operations within the next 30 days.

For the full story, see the May 10 print edition of Transport Topics. Subscribe today.