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The company was founded as Livingston Merchant's Co-op in 1958 and incorporated as Averitt Express in 1969. [2] [3] Averitt is owned by Gary Sasser, who purchased the company from its original owner, Thurman Averitt, in October 1971 at the age of 20.
DAT Freight & Analytics, formerly known as Dial-a-Truck, is a US-based freight exchange service ("load board") and provider of transportation information serving North America. Freight exchange services are used to match material ("loads") that needs to be shipped with over-the-road carriers, which can be hired to move those loads.
This pushed Arkansas-Best's operations all the way to California and increased its rank from the 25th largest interstate motor freight carrier in the US to ninth. [ 7 ] Arkansas-Best changed its name to ABF Freight System Inc. in 1980 [ 7 ] and, by 1981, was the eighth largest trucking company in the US operating 106 terminals. [ 6 ]
The Motor Carrier Act of 1980 deregulated transportation industries in America and increased competition for logistics providers and shippers. [ 11 ] [ 13 ] C.H. Robinson created a contract carrier program, expanded its freight contract operations, and established itself as a middleman sourcing operation for shippable goods.
Previously, Con-way had been CFI's largest customer, accounting for six percent of total revenues. [4] The combination of Con-way Truckload and CFI provided a number of benefits. CFI had been Con-way Freight's largest provider of contract service for long-haul transcontinental truckload transportation.
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In 2021 LaserShip acquired west coast delivery service OnTrac Logistics, Inc. for $1.3 billion, equivalent to $1.46 billion in 2023. [6] The two entities merged their delivery networks to form a transcontinental delivery network and rebranded their combined services to OnTrac.