Quality Distribution agrees to sell Quality Carriers Business to CSX Corp.

Quality Distribution, a privately held global logistics and transportation provider in Tampa, has entered into a definitive agreement to sell its Quality Carriers business to CSX Corp. (NASDAQ: CSX).

Quality Carriers, which operates the largest liquid bulk chemical trucking network in North America, will become a standalone entity within CSX and remain headquartered in Tampa, a statement said.

“Transitioning Quality Carriers to CSX is a tremendous positive for all of our key stakeholders, including our drivers, employees, customers and investors,” said Gary Enzor, chairman and chief executive officer of Quality Distribution, in the statement. “It’s incredibly exciting to see the creation of the CSX/Quality Carriers combination, which has the potential to be a game-changer for our industry. This transaction gives CSX and Quality Carriers the unique opportunity to offer a powerful combination of truck and rail solutions to customers, with the added benefit of maintaining QC’s headquarters in Tampa.”

As a result of the transaction, Quality Distribution’s subsidiary Boasso Global will become a standalone entity and be based in Tampa.

Boasso Global is an international provider of intermodal tank container and depot services with operations in seven different countries and the largest such provider in North America.

More than 99 percent of the company’s existing workforce will remain in place, as all terminal and depot-based employees and most Tampa-based corporate office personnel will stay in their existing jobs and locations. Randy Strutz will continue in his role as president of Quality Carriers.

The Quality Distribution name will be phased out after the closing of the transaction.

You May Also Like
New IICF chapter takes shape in Tampa Bay, with statewide philanthropic goals

The Insurance Industry Charitable Foundation (IICF) is expanding its reach in Florida, thanks to the efforts of Maggie Potter and Misty Carson — two Tampa-based professionals who are leading the

Read More
Fifth Third Bank names Florida market president and commercial banking head

Fifth Third Bank has tapped industry veteran Marty McAndrew to lead its commercial banking efforts across the state of Florida; a newly created role to accelerate growth in both the

Read More
Documentary honoring hurricane heroes to premiere at Tampa Theatre

A new short-form documentary spotlighting the unsung heroes who helped Tampa recover from hurricanes Helene and Milton will debut at the Tampa Theatre on Sunday, June 16. The red carpet

Read More
Hubbard’s Marina named best fishing charter in the U.S. for fourth year in a row

Hubbard’s Marina, a family-owned business based in Madeira Beach, has been voted the No. 1 fishing charter in the country by USA Today’s 10Best Readers’ Choice Awards for the fourth

Read More
Other Posts
JLL adds real estate veteran and MLB alum to Tampa team

Commercial real estate firm JLL has hired Bill Reeves, as managing director, and Doug Waechter, as senior associate, to strengthen its office tenant representation team in Tampa. Reeves brings more

Read More
Hooters Inc. moving forward with acquisition of over 100 company-owned restaurants

Clearwater-based Hooters Inc. and Hoot Owl Restaurants say they are on track to finalize a deal to acquire over 100 Hooters of America-owned restaurants. The transaction, expected to close in

Read More
Brazilian luxury furniture brand opens first Tampa Bay showroom through partnership

Brazilian brand Uultis, known for its sustainably crafted modern furniture, will debut its first Tampa Bay showroom, this summer, through a strategic partnership with Annabelle’s Fine Furniture & Interior Design.

Read More
Metropolitan Ministries names next CEO

Local community leader to step into the role as Tim Marks prepares for retirement.

Read More