ESSEN, Germany/ MIAMI — DB Schenker, a global logistics service provider, has completed its acquisition of USA Truck. The transaction was approved by USA Truck’s stockholders at a special meeting on Sept. 12.
Under the terms of the merger agreement entered into on June 23, USA Truck stockholders will receive $31.72 per share in cash for each share of USA Truck’s common stock that they hold. USA Truck will operate within the network of DB Schenker and no longer trades on the NASDAQ exchange.
“We are very excited to grow our North America operations in terms of both market share and geographical footprint,” said Jochen Thewes, DB Schenker CEO. “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, DB Schenker, will be taking immediate responsibility for the expanded land transport services offered by DB Schenker in the United States. He said,
“As a combined company, we remain focused on our shared growth vision and look forward to building upon USA Truck’s existing operations as our platform for growth in North America,” said Jaska.
Founded in 1983, USA Truck has provided comprehensive capacity solutions to a diverse North American customer base, including more than 20% of the Fortune 100. It has an approximately 1,900-unit fleet of trucks, 2,100 employees, and partnerships with more than 36,000 active contract carriers, strategic network of terminals across the Eastern half of the United States.
In the USA, DB Schenker offers land transport, air and ocean freight, as well as comprehensive logistics solutions and global supply chain management services from a single source. Its U.S. international hubs include Atlanta, Dallas, New York, Los Angeles, Miami, Chicago, San Francisco, and ocean gateways.
DB Schenker in the United States has more than 9,000 employees, more than 40 locations and 55 logistics centers, and more than 21 million square feet of distribution operations.
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