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TransForce Inc Announces Acquisition Of Velocity Express Corp


Thursday, 17 Jan 2013 09:07am EST 

TransForce Inc announced that it has entered into a definitive agreement and plan of merger to acquire all the shares of Velocity Express (Velocity) and its subsidiaries. Headquartered in Stafford, Texas, Velocity operates a network of more than 80 locations across the United States and Western Canada, employing a combined total of approximately 2,600 staff and independent contractors. Velocity is an important provider of customized, same-day regional delivery solutions, offering an extended range of services in delivering packages of any size. The transaction is expected to generate annual revenues of approximately $160 million for TransForce and should close by the end of January 2013. 

Company Quote

24.47
0.14 +0.58%
11 Jul 2014