Stagecoach
Roadrunner Transportation Systems recently sold its dry van business unit, Stagecoach Cartage and Distribution, to JH Rose Logistics of Santa Teresa NM.
Terms of the transaction were not disclosed.
Stagecoach, based in El Paso TX, provides dry van over-the-road and local cartage, as well as warehousing services to a broad range of customers in the bulk resin and general freight markets. The business was part of Roadrunners’ truckload segment.
“The divestiture of our Stagecoach business unit is another step forward in our strategy to simplify our portfolio by focusing on our value-added logistics and asset-light LTL segments,” said Curt Stoelting, chief executive officer of Roadrunner.