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AMX Buys Fellow Alabama Company Powell, Adds Reefer Capacity

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AMX Buys Fellow Alabama Company Powell, Adds Reefer Capacity

Alabama Motor Express will push deeper into the refrigerated business with purchase of Powell Transport Solutions.

The acquisition, announced earlier this week, will bring 35 refrigerated trailers to AMX, the company said in a statement. A spokeswoman for AMX, in response to questions submitted by FreightWaves, said the company's business is currently about 10% refrigerated. The AMX fleet before the acquisition was 210 trailers, she said.

Powell's business is 100% refrigerated, according to the spokeswoman. All of Powell's drivers are expected to join AMX.

It's the first big acquisition for AMX since 1997, the spokeswoman said. That one saw AMX acquire Lane Trucking, which had about 175 trucks.

The cost of the acquisition was not disclosed.

Powell does not come with a logistics division, the spokeswoman said. According to the company's statement, AMX noted that the company now will have "access to Powell's customer base, offering them a broad range of truckload and 3PL services."

Paul Powell, president of Powell Transport Solutions, will be joining AMX and head its now expanded refrigerated division.

AMX' locations are diverse. AMX Trucking is in Ashford, Alabama; the logistics division has offices in Dothan, Savannah, Georgia, and Atlanta. Atlanta actually is the dateline on the release announcing the acquisition of Powell. The release says the Savannah and Atlanta offices were opened recently.

Powell lists its headquarters as Midland City, Alabama.

Taylor White, a vice president at AMX, noted the company's location in "the middle of Freight Ally, where refrigerated demands continue to grow." 

"Now we can meet the diversified needs of our customers using more of our own trucks, drivers and 3PL services," White said. "And we're gaining the support of a savvy, experienced team that knows temperature-controlled freight, understands its customers and wants to grow with us in the sector."

"AMX continues to aggressively add drivers, logisticians and other transportation professionals to accommodate its ever-growing business portfolio," the announcement of the acquisition said.

Image Sourced from Pixabay

 

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