The new ‘mega-deal’ unites CSX’s rail business, which generated $10.5 billion in revenue last year, with one of North America’s largest over-the-road haulers of liquid products syncs with industry trends, including the lack of truck drivers hampering capacity, and the push for sustainability.
It means ISO tank containers will be used alongside trailer chassis and well cars, and if their transformative vision is realised, executives say this combination will have huge benefits for customers.
Shippers will save time and money using a comprehensive, one-stop solution; CSX will put more freight onto its rail and strengthen one of its most lucrative business segments; and Quality Carriers will expand operations with new locations and equipment after escaping private-equity ownership with a more strategic partner.
“It’s exciting to be a part of a plan to change the world of bulk trucking, by combining it with rail,” said Randy Strutz, Quality Carriers president. “That wouldn’t have been possible on our own. It never would have happened.”
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