Wilson Logistics Acquires Market Transport and Larger West Coast Portfolio
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Wilson Logistics said it has purchased Market Transport, a DSV Global Transport and Logistics subsidiary.
Wilson said the purchase of Market Transport will enable a new offering: intermodal service.
Terms were not disclosed.
The acquisition adds 200 trucks to bring the Springfield, Mo.-based carrier to 1,000 trucks, said Darrel Wilson, president and CEO of Wilson.
He added, though, that annualized revenue would rise to $250 million. The family-owned company previously reported 2018 revenue to be about $181.5 million.
Wilson Logistics ranks No. 48 on Transport Topics’ list of largest for-hire carriers in the truckload dedicated sector.
Wilson, which began as Wil-Trans in 1990, provides a range of transportation services, including refrigerated and dry van truckload, dedicated contract carriage, power-only transportation, freight brokerage and yard management.
While based in Missouri the company does most of its business on the West Coast. It has terminals in Yakima, Wash.; Pacific, Wash.; Portland, Ore.; Tracy, Calif.; and Missoula, Mont., according to Wilson.
“[Market Transport] folds well into our company,” Wilson told TT. “This was a strong acquisition.”
Market Transport had business along Interstate 5, Wilson said, a highway that stretches from the Canadian border through Oregon to Sacramento, Calif., to Los Angeles. Wilson said his firm does some hauling across the border to Canada.
Wilson has often grown through acquisitions. In 2012, it reported revenue of $48.2 million, increasing its revenue 277% by 2018 to $181.5 million.
Haney Truck Line by Wilson Logistics
In 2014, Wilson purchased assets of Jim Palmer Trucking in Missoula, Mont.; O&S Trucking in Springfield, Mo., in 2016; and RJ’s Transportation in Stevensville, Mont., early in 2017.
A major growth spurt happened in September 2017, when Wilson purchased the assets of Haney Truck Line, significantly expanding business in the Pacific Northwest and parts of Canada. The purchase included 400 tractors and 1,200 trailers.
Like Wilson, Haney did most of its business in the West.
