Roadrunner Buys Calif. Intermodal Firm

August 2, 2011 12:15 PM, EDT

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Roadrunner Transportation Systems said it has acquired The James Brooks Co., a provider of intermodal transportation and related services to the California ports of Oakland and Los Angeles/Long Beach.

The purchase price was about $7.5 million, Roadrunner said in a statement. James Brooks primarily transports fresh produce including citrus, vegetables, fruit and nuts. id="piano-pw">

The move “matches up well with our existing intermodal drayage business, which we believe will enhance our driver utilization and retention,” Roadrunner CEO Mark DiBlasi said in a statement.

James Brooks generated about $12 million last year, with operating margins in excess of 10%, Roadrunner Chief Financial Officer Peter Armbruster said.

Roadrunner Transportation Systems is ranked No. 38 on the Transport Topics 100 listing of U.S. and Canadian for-hire carriers.

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