Dallas—Oct. 14, 2011—Transplace, a third-party logistics provider, and Celtic International, an intermodal marketing company based in Chicago, have combined to form a leading North American logistics provider. The combined company has revenue in excess of $1 billion and a major presence in transportation management, logistics technology, intermodal services and truck brokerage.
Tom Sanderson, Transplace CEO said: “We are excited about this strategic combination of our businesses. Led by Richard Hyland, who has a long track record of success in intermodal transportation, Celtic has carved out a significant position in the intermodal industry by providing customers unique service driven solutions. We see enormous growth opportunities in intermodal transportation as truckload capacity tightens and fuel prices remain high. We also expect to find opportunities for the current Transplace customers with Celtic offerings as well as offering Transplace’s logistics solutions to certain Celtic customers.”
Hyland will remain president of Celtic, which will become a stand-alone division of Transplace. Sanderson will lead the combined entity as CEO.
“The combination with Transplace is a great result for Celtic customers and employees,” said Hyland. “Opportunities for growth and expansion are abundant given Transplace’s extensive customer following. I look forward to leading the intermodal business for many years to come.” All of the members of Celtic senior management team are joining and investing in the combined entity, and Hyland will join the Transplace board of directors.
For more information, visit www.transplace.com.