Railroad giant CSX is set to purchase a Tampa chemical trucking company, a deal expected to spawn an expansive rails-to-roadway chemical distribution network across North America, according to an article from the Tampa Bay Times. Quality Carriers, with a fleet of 2,500 drivers and more than 100 hubs and terminals, reportedly operates North America’s largest shipping network for bulk liquid chemicals.
According to the article, CSX reported $2.3 billion in revenue from its chemical transportation business last year, the most of any sector. The deal is expected to close in late summer or early fall.
Read the entire article here.
