Estes Announces Expansion of Truckload and Logistics Capabilities through Purchase of Eastern Freightways and Carrier Industries
RICHMOND, VA — Estes Express Lines will expand its truckload and logistics capabilities with the purchase of Eastern Freightways and Carrier Industries — two affiliates of New Jersey-based trucking company New England Motor Freight (NEMF).
The sale, which closed on May 31, is a separate part of NEMF’s liquidation following their filing for chapter 11 bankruptcy protection in February. It will enable Estes, already America’s largest privately owned freight transportation carrier, to deliver expanded flatbed and dedicated transportation capabilities through its Level2 Logistics division.
“We are very excited that Eastern Freightways and Carrier Industries are joining Estes,” said Estes Corporate Vice President Bobby Speight, who heads Estes Level2 Logistics. “This acquisition will further solidify our role as the nation’s total solutions resource for robust transportation and logistics services.”
About Estes Express Lines
Estes is the largest, privately-owned freight carrier in North America. As an asset-based transportation and custom-logistics solutions provider, Estes delivers responsive freight solutions across a vast regional, national, international, and global footprint. The Richmond, VA-based, fourth-generation company has nearly 90 years of freight shipping expertise and has worked through the decades to build a robust transportation network, a reputation for financial stability, and an award-winning safety record. Estes offers comprehensive freight shipping solutions, including Less Than Truckload (LTL), Volume LTL, Truckload, Time Critical, and Final Mile.