Daily Archives: January 30, 2020

C.H. Robinson to Acquire Prime Distribution Services

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Prime had $108.7 million in total revenues for the fiscal year ended December 31, 2019. C.H. Robinson intends to purchase Prime for approximately $225 million in cash. The acquisition is expected to be slightly accretive in 2020 and will be financed through cash on hand and funds drawn from C.H. Robinson’s existing credit facilities.

“Prime Distribution Services is a high-quality growth company that brings scale and value-added warehouse capabilities to our retail consolidation platform, adding to our global suite of services,” said Bob Biesterfeld, C.H. Robinson Chief Executive Officer. “Prime has an outstanding track record of success, a talented and experienced team and a focus on delivering great value to its customers and carriers.”

Prime Distribution Services provides a comprehensive suite of retail consolidation solutions, including distribution, fulfillment and inventory management, and currently operates as a wholly-owned subsidiary of Roadrunner Transportation. Founded in 1990 and headquartered in Plainfield, Indiana, Prime employs approximately 270 people and has five fulfillment and distribution facilities totaling approximately 2.6 million square feet across the United States. Prime currently serves approximately 140 customers.

Read more at chrobinson.com

AAA Cooper Transportation recognized as one of America’s Best Mid-Size Employers

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In 2019, AAA Cooper Transportation was selected by Forbes as one of America’s Best Mid-Size Employers. Forbes teamed up with Statista and surveyed 30,000 people working for companies with 1,000 plus employees. They were asked to rate how likely they would be to recommend their employer to others, then they were asked to nominate organizations outside of their own industry. The final list ranks the 500 mid-size employers that received the most recommendations.

A. Duie Pyle Awarded Traffic Club of Philadelphia’s Company of the Year

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WEST CHESTER, Pa., Jan. 30, 2020 (GLOBE NEWSWIRE) — A. Duie Pyle (Pyle), the premier provider of asset and non-asset based transportation and supply chain solutions in the Northeast, has been named Company of the Year at the Traffic Club of Philadelphia’s 112th Annual Dinner, which recognizes the contributions made by local shipping and logistics companies to the Greater Philadelphia area. The ceremony took place from 5:30 p.m. to 10 p.m. on Thursday, January 23, at the Union League of Philadelphia.

After polling industry professionals and discussing with industry leaders, Pyle’s name repeatedly surfaced when the Traffic Club of Philadelphia was deciding on its Company of the Year.

Read more at streetinsider.com