Esco Transportation is trying to struggle back from bankruptcy by cutting its over-the-road trucking operations in half, and concentrating instead on its intermodal business, according to the chairman of the Houston-based company.
At the start of the year, Edwis L. Selph Sr. was interested in mergers and expansions for his intermodal drayage business, which had come to be a strong player in Dallas and Houston (2-14, p. 3). In January, the firm acquired Quantum Transportation Co. of Minnesota.
Selph, who bought his first truck in 1971, said the merger was a good idea, but that the price of diesel has been ruinous to his firm.
“Historically, we’ve been highly profitable on the intermodal side, but for three years we’ve been losing money on our OTR truckload operations.
For the full story, see the Oct. 16 print edition of Transport Topics. .
