Feb 11, 2010 2:35PM GMT
DHE Buys Matheson Fast Freight
by William B. Cassidy
Merger builds stronger West Coast LTL carrier; More growth ahead, DHE says
Logistics and trucking business The Dependable Companies acquired West Coast trucking company Matheson Fast Freight, expanding its stake in the California less-than-truckload market. The acquisition may also signal increasing consolidation in trucking as the economy begins to improve.
Matheson Fast Freight, which operates throughout California and Nevada, will be added to Dependable Highway Express, the trucking arm of The Dependable Companies. Terms of the deal were not disclosed.
It's a significant expansion for Los Angeles-based Dependable, which offers LTL, truckload, dedicated carriage, warehousing, forwarding, drayage and brokerage services through six divisions.
Its trucking division, DHE, was founded as a Southern California LTL carrier in 1950, and now offers regional LTL service in California, Nevada and Arizona, as well as regional and national truckload carriage and drayage at California ports. The Dependable Companies' other divisions extend its reach to Hawaii and the Pacific Rim, as well as Mexico and Latin America.
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DHE Buys Matheson Fast Freight
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