TN firm buys Wilmer intermodal for $10.4M
Tennessee trucking and logistics firm Intermodal Cartage Co. has purchased a 100-acre container yard in Wilmer, south of Dallas, along Union Pacific Railroad.
The Memphis-based company, which provides intermodal transportation services and specializes in import/export cargo shipments, paid $10.4 million to acquire the facility from Prime Intermodal Services LLC.
Intermodal Cartage also has a 30-acre container yard north of Fort Worth in Haslet, near the BNSF terminal.
The Wilmer facility has the capacity for 3,400 containers, said Harrison Hoof, regional vice president, Dallas region, for Intermodal Cartage. The company will move into the facility by year-end, he said.
“It’s a very strategically located piece of property,” Hoof said. “It’s going to give us a competitive advantage in the market because of its proximity to the railroad, and it’s going to allow us to expand our local operations.”
Intermodal Cartage plans to redesign and enhance the existing container parking areas, Hoof said. Only 68 of 100 acres at the property is paved, giving Intermodal Cartage space to grow, he said.
Dan W. Cook, senior director of Global Supply Chain Solutions with Cushman & Wakefield of Texas, brokered the sale.
Posted: December 28, 2010