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WTI Transport

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WTI Transport, Inc.
Company typeSubsidiary
IndustryFreight transport
Founded1989
Headquarters
Tuscaloosa, Alabama
,
U.S.
Key people
Jack Potthoff (President)
ParentDaseke
Websitewtitransport.com
Company headquarters - Tuscaloosa, AL

WTI Transport, Inc. is an American trucking company based in Tuscaloosa, Alabama. A flatbed company of approximately 370 tractors, WTI hauls freight throughout the Southeast, Midwest, Southwest, and East Coast. WTI's fleet is a mixture of company drivers and owner-operators. WTI was a subsidiary of Daseke, which is owned by TFI International as of 2024.

History

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WTI was founded in 1989 under the name Welborn Transportation by owners, Stephen Rumsey and Miller Welborn whose fleet of 12 flatbed owner operators hauled freight throughout the Southeast.[1] In December 1997, Boyd Bros. Transportation merged with Welborn Transportation and later changed the Welborn name to WTI Transport, Inc.[2]

On November 14, 2013, Daseke, of Addison, Texas merged with Boyd Bros.Transportation bringing WTI into the family of Daseke companies.[3][4] With this merger, Daseke became ranked in the Top Five Open-deck/specialty carriers in North America.[5] Following the 2013 Boyd merger, Daseke acquired Lone Star Transportation, a Fort Worth Texas company, Bull Dog HiWay Express of Charleston,[6] South Carolina and Hornady Transportation, of Monroeville, Alabama.[7] These mergers placed Daseke Inc. as North America’s second largest Flatbed Specialty carrier in terms of tractors and revenue.[8]

On December 22, 2016 Daseke announced its merger with Hennessy Capital Acquisition Corp II and on February 28, 2017 became a publicly traded company on Nasdaq under the tickers DSKE and DSKEW.[9][10][11]

Daseke through its family of companies: WTI Transport, Boyd Brothers, Boyd Logistics, Mid-Seven Transportation, Smokey Point Distributing, E.W. Wylie, J. Grady Randolph, Central Oregon Truck Company, Lone Star Transportation, Bull Dog HiWay Express and Hornady Transportation, controls an aggregate fleet of more than 3,000 tractors and 6,000 flatbed/specialized trailers which serve 49 U.S. states as well as Canada and Mexico.[12]

In April 2024, Daseke was acquired by TFI International for $1.1 billion.[13][14]

Community involvement

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One of the largest employers in Tuscaloosa, WTI partners with local community agencies such as Habitat for Humanity, Tuscaloosa Veterans Administration, Tuscaloosa school system and Tuscaloosa Chamber of Commerce.[15][16][17] Annually, WTI represents the transportation industry in the SW Alabama’s Worlds Of Work Career Expo.[18]

References

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  1. ^ Rupinski, Patrick. "WTI Transport Marks 25 Years of rapid Growth in Tuscaloosa". The Tuscaloosa News.
  2. ^ SEC Info. "Boyd Bros Merges With Welborn Transport Company".
  3. ^ "Boyd Bros and Daseke Inc Merge". businesswire.com. 14 November 2013.
  4. ^ The Trucker News Service. "Boyd Brothers, Daseke Inc. announce merger".
  5. ^ "2014 Top 100, Ranking of Top For Hire Carriers by Sector". Transport Topics 2014. Archived from the original on 10 October 2014.
  6. ^ Malloy, Michael G. (2014-10-03). "Daseke Acquires Lone Star Transportation". Transport Topics. Retrieved 2024-07-02.
  7. ^ Whelan, Robbie (11 August 2015). "Oil-Patch Slump Spurs Wave of Trucking Deals". The Wall Street Journal. Retrieved 2 July 2024.
  8. ^ Transport Topics. "2015 Top 100, Top Rankings by Sector".
  9. ^ PR Newswire. "Hennessy Capital Acquisition Corp. II and Daseke, Inc. Announce Merger Agreement".
  10. ^ The Truckers News Service. "Daseke, Hennessy Capital in $626 million merger; Daseke to go public on NASDAQ".
  11. ^ The Wall Street Journal (28 February 2017). "Trucking Company Daseke's Shares Start Trading on Nasdaq". Wall Street Journal.
  12. ^ Daseke Inc. "Open Deck Specialized Transportation Solutions".
  13. ^ "TFI acquiring flatbed conglomerate Daseke". Commercial Carrier Journal. 2023-12-22. Retrieved 2024-08-20.
  14. ^ Kingston, John (2024-04-03). "Daseke now part of TFI International as acquisition closes". FreightWaves. Retrieved 2024-08-20.
  15. ^ Roberts, Jack (19 December 2014). "WTI Transport celebrates 25 years in trucking". Commercial Carrier Journal.
  16. ^ USA News. "Company honors vet, 100, for military, community service". USA Today.
  17. ^ Tuscaloosa Chamber of Commerce. "Transportation Summit Provides Updates, Timelines on Road Projects".
  18. ^ West Alabama Worlds of Work. "Worlds of Work".
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