Trucking Group Buys Ohio-Based Aetna Lines
Transport Investments Inc., a Pittsburgh-based holding company, agreed to acquire the trucking assets of Aetna Freight Lines of Warren, Ohio.
TII’s trucking businesses include: American Transport and Greentree Transportation Co., Pittsburgh; Northern Hills Transport, Sturgis, S.D.: BB&B Transportation, Walnut, Calif.; and Northwestern Trucking, Spokane, Wash.
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Aetna, founded in 1938, will continue as part of the TII group, which consists of five trucking operations and a transportation consulting business, with combined annual revenue of $65 million.
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Aetna is a flabed carrier that operates in Pennsylvania, Ohio, New York, Kentucky, Tennessee, the Carolinas and Texas with approximately 165 owner-operators and fleet owners. The company currently generates revenue of about $12 million a year.
