Private equity firm Open Road Ventures has acquired Double-Stack Logistics, a move set to enhance intermodal freight capabilities across North America. Double-Stack, known for its direct relationships with Class I railroads and a fleet of over 150 intermodal containers, is poised for expansion.
Strategic Acquisition
The acquisition by Open Road Ventures marks its first foray into the logistics sector, focusing on small- and mid-size freight brokers. Mike Riccio, a founding member of Open Road Ventures, emphasized the goal of uniting business owners with unique logistics tools to foster mutual growth.
"We have a series of acquisitions in the works and look forward to bringing new partners onboard in the coming months," said Riccio.
Impact on Intermodal Freight
Double-Stack's intermodal focus allows it to shift products typically not shipped intermodally, enhancing efficiency and reducing road congestion. This acquisition is expected to bolster Double-Stack's ability to offer consistent, steady opportunities.
- Fleet Size: Over 150 intermodal containers
- Service Expansion: Enhanced North American footprint
Implications for Shippers
Shippers can expect improved service offerings and potentially more competitive rates as Double-Stack leverages its expanded capabilities. The integration of logistics tools from Open Road Ventures' future acquisitions could further streamline operations.
Watch List
- Future Acquisitions: Open Road Ventures plans additional acquisitions, which could further impact logistics dynamics.
- Railroad Collaborations: Continued partnerships with Class I railroads will be crucial for Double-Stack's growth.
| Metric | Current | Projected |
|---|---|---|
| Fleet Size | 150 containers | Expansion planned |
| Service Areas | North America | Broader footprint |
This acquisition positions Double-Stack to capitalize on intermodal freight trends, offering shippers enhanced logistics solutions.
