Truckers: PS Logistics Buys Roane Transportation Assets

Image caption: Illustration: AI-generated illustration, not a photo of the people, vehicles or places in this story. It shows a generic flatbed semi with a tarped load.
CDLLife reports that PS Logistics, through subsidiary Loudon County Trucking, acquired the assets of Roane Transportation Services, Roane Logistics and B&W Leasing as of Nov. 5. Roane is a Rockwood, Tennessee, flatbed and Conestoga carrier founded in 1996. Financial terms were not released.
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Roane has more than 170 company, lease-purchase and owner-operator drivers across Rockwood, Memphis and El Paso, Texas, according to the buyer's announcement. PS Logistics president of trucking Houston Vaughn said the deal strengthens East Tennessee reach, including aluminum manufacturing freight. Co-founder Steve Kennedy said local leadership will stay and that both companies put drivers first.
What changes for truckers
Kennedy will continue to lead the Roane division, according to the announcement. The companies did not publish a price or any changes to pay, equipment or home time.
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FAQ
Was the purchase price disclosed?
No. CDLLife says financial terms were not released.
When did the deal close?
As of Nov. 5, according to the announcement.
When a carrier you drove for was bought, what changed first for you?
Sources: cdllife.com.
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