Curated News
By: NewsRamp Editorial Staff
August 02, 2024
Apple Rush Company Announces Acquisition of Trucking Company
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- Stotland Trucking, LLC has a pipeline for growth with additional business, positioning them for a competitive advantage in the logistics industry.
- Stotland Trucking specializes in short haul logistics and plans to expand regionally, creating higher efficiencies in deliveries.
- Stotland's partnership with Apple Rush Company will provide additional opportunities for exponential growth and save money for both companies and customers.
- Apple Rush Company's expansion into the beverage industry and its use of its own delivery system will create higher efficiencies and save money.
Impact - Why it Matters
This news matters as it signifies the strategic acquisition of Stotland Trucking by Apple Rush Company, signaling potential growth and expansion for both companies. It also highlights the importance of last-mile logistics in the beverage industry and the potential impact on the distribution of CPG products.
Summary
Stotland Trucking, LLC, a last-mile hauler based in Texas, has a growth pipeline for the next 24 months and specializes in short-haul logistics. The company's current revenues exceed $7 million. CEO of APRU, Tony Torgerud, is excited about the acquisition of Stotland Trucking, stating that it will push their revenues north of $20 million and improve profitability. Derik Stotland, president of Stotland Trucking, expressed his excitement about the partnership with Apple Rush Company, aiming to grow their system and acquire additional contracts for hauling.
The Apple Rush Company, Inc., through its subsidiary APRU, LLC, is a distributor of CPG products under the Apple Rush and Element brands. They aim to become a leader in the distribution of anhydrous hemp oil products nationwide.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Apple Rush Company Announces Acquisition of Trucking Company
