International logistics service provider, DB Schenker, announced Sept. 15 the completion of its previously announced acquisition of USA Truck, a leading capacity solutions provider. The transaction was approved by USA Truck’s stockholders at a special meeting of stockholders held on Sept. 12.
The sale will see the transfer of ownership of a 1,900-unit fleet of trucks and adds 2,100 employees to DB Schenker USA’s present team of 7,000. The company said the deal will increase its market share and geographical footprint.
Jochen Thewes, Chief Executive Officer of DB Schenker, based in Essen, Germany, said, “We are very excited to grow our North America operations in terms of both market share and geographical footprint. This is part of a bold ambition that we will become — together — the premier North American transportation solutions provider.”
Joe Jaska, Executive Vice President Land Transport for the Americas Region at DB Schenker, will be taking immediate responsibility for the expanded Land Transport services offered by DB Schenker in the United States.
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