Third-party logistics provider Atlas Logistics has acquired Progressive Transportation Inc., a Wausau, Wisconsin-based provider of over-the-road pad-wrap transportation. Terms of the transaction were not disclosed.
The acquisition of Progressive Transportation “accelerates the growth of padded-van solutions within Atlas Logistics’ service offerings and delivers additional capacity to our network of agents across the company,” said Phil Wahl, president and COO of Evansville, Indiana-based Atlas Logistics.
Atlas Logistics is a subsidiary of Atlas World Group, which also owns household goods mover Atlas Van Lines.
Progressive Transportation, founded in 1995, is considered a leader in the pad-wrap market. Pad-wrapping involves the wrapping of freight — typically larger, unboxed items like fitness equipment — in large padded blankets. The freight is then usually strapped into an air-ride trailer for an added buffer of protection from rough roads.
“The robust logistics offerings, brand power and strong industry reputation of Atlas World Group is unparalleled and gives us vast potential for growth,” Craig Olsen, president of Progressive Transportation, said in a statement.
George Andrew
it would be nice to let the employees know at Progressive that Atlas bought Progressive this is why there is Distrust between the company and their employees .the company wants the employee to be honest with them but the company Lies to the employees do you get that Progressive
this is why you had turnover in you’re office and driver personnel .you cant be in business for 25+ years and have know one in the office with more than 5+ years.A company that had 50+ trucks is now down to 18.