Acquisition finalized in 2021, expands CSX bulk liquid chemicals transportation
In July 2021, CSX completed the acquisition of Quality Carriers, Inc. (Quality Carriers), a leading provider of bulk liquid chemicals truck transportation in North America. This acquisition has enabled CSX to expand its reach to customers throughout supply chains by offering truck transportation in addition to its existing rail transportation infrastructure. The integration of the two transportation services in a rail-to-highway offering will mitigate costs while maximizing efficiencies. Additionally, Quality Carriers operates over 2,500 trucks and 6,400 trailers for chemical transportation, further expanding CSX’s portfolio.
M&AIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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