US-based transport and logistics company, Jones Logistics (JoLo), has announced the acquisition of Nationwide Express.
Based in Central Tennessee, Nationwide provides dedicated trucking services, warehousing, 3PL logistic services, recycling transportation, and waste management solutions. Its geographic footprint includes operations in Alabama, Arkansas, Georgia, Kentucky, Mississippi, Oklahoma, Tennessee and Texas.
JoLo is a portfolio company of Jones Capital. Based in Hattiesburg, Mississippi, JoLo delivers freight brokerage, managed transportation, and dedicated services to clients across the US.
Through this acquisition, JoLo expands not only its geographic footprint, but also its service line offerings and capabilities, which will now include warehousing and enhanced intermodal and managed transportation solutions. Further, JoLo can now offer Nationwide’s customers access to its broad and deep carrier base and its nationwide dedicated offerings.
“Nationwide Express is a highly reputable organisation rooted in the same fundamentals of professionalism, quality, and customer satisfaction as Jones Logistics,” said JoLo CEO, Brian Haynes.
“We share very similar core values and feel that we have complimentary cultures, which was so important to us when looking at this opportunity.
“We are excited to welcome the Nationwide Express team to the Jones Logistics family, and we are eager to bring the benefits of our combined team, network, and capabilities to our customer base.”
With the acquisition of Nationwide, JoLo’s team will grow to 700 members, with a fleet of more than 500 trucks. The combination of the business further enhances JoLo’s national presence, flexibility in operations and facilities, and breadth of service and logistics solutions.
“We congratulate Jones Logistics in this latest chapter of their growth and welcome Nationwide Express to the Jones Capital family,” said Jones Capital President, Tom Caughlin.
“The Nationwide Express team and ownership group have built a tremendous business over the years, and we look forward to building upon their historic success for the benefit of their customers, employees, and respective communities.”
In other news, XPO has announced the appointment of Ali Faghri as Chief Strategy Officer.