Universal Buys Logistics Firm for $335 Million

Universal Truckload Services said it has completed the purchase of third-party logistics firm LINC Logistics for $335 million.

LINC primarily serves the automotive and manufacturing industries and provides truckload, expedited and freight forwarding services.

Universal’s announcement said the acquisition would add at least 20% to its 2013 earnings.

The plan for Universal to acquire LINC was announced on July 26.

Universal Truckload is ranked No. 39 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.