Latest news from Heavy Lift & Project Forwarding International Magazine

Daseke snaps up Aveda Transportation

Texas-based flatbed and specialised haulage company, Daseke, has completed the acquisition of Aveda Transportation and Energy Services.



Aveda specialises in the movement of large oil rigs and worksite equipment in the North American market. Daseke paid USD42.6 million and cleared USD54.8 million of Aveda’s debt to complete the acquisition.

Don Daseke, chairman and ceo, said the deal presents numerous synergies not apparent in the purchase price. “Aveda outsources up to 35 percent of its long-distance rig movers to other carriers, and we have the equipment to capture some of this revenue through our various operating companies. In addition to cross-selling, we have also identified other benefits of scale in the way of purchasing, fuel and insurance,” he explained.

Aveda has 12 locations across North America and operates 1,500 pieces of equipment. Daseke operates more than 5,200 tractor units and 11,000 flatbed and specialised trailers.

HLPFI reported during mid-2017 that Daseke acquired Steelman Companies, along with The Schilli Cos and Big Freight Systems.

www.daseke.com

www.avedaenergy.com

Heavy Lift | News

Modulift performs locomotive lift thumbnail image

Modulift performs locomotive lift

May 24 - Modulift has provided equipment to lift a steam locomotive, built in 1926, on behalf of Swanage Railway, a tourist attraction in the UK.
Views: 203
Fesco and RZD team up to link Europe and Asia thumbnail image

Fesco and RZD team up to link Europe and Asia

May 24 - Fesco Transportation Group and Russian Railways Logistics (RZD Logistics) are launching a Trans-Siberian multimodal service to expedite the delivery of goods from Japan to Europe via Russia.
Views: 257
USA ends steel and aluminium tariffs on Canada and Mexico thumbnail image

USA ends steel and aluminium tariffs on Canada and Mexico

May 24 - The USA is removing steel and aluminium tariffs imposed on Canada and Mexico under Section 232 of the Trade Expansion Act of 1962, with all retaliatory tariffs on US goods and any pending litigation also coming to an end.
Views: 239

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.