December 31, 2006
BNSF Logistics, LLC announced today that it has acquired Pro-Am Transportation Services, Inc. (Pro-Am), of Jamestown, North Dakota. Pro-Am is a third-party logistics company (3PL) with approximately $25 million of revenue. Specific terms of the acquisition were not disclosed.
The newly acquired company will operate within the Transportation Execution Services (TES) unit of BNSF Logistics.
“Pro-Am is an excellent operating company, with a large base of industrial business that is complementary to our portfolio, adding highly desired modal extension and depth,” says Eric Wolfe, vice president and general manager of BNSF Logistics.
Dean Hafner, president and chief executive officer of Pro-Am, stated, “Maintaining a consistent operating philosophy is important to our customers and providing our employees with an avenue for rapid development and related opportunities is important to me. I have been impressed with the BNSF Logistics team as they are people of integrity who are passionate about delivering overall value to their clients.”
BNSF Logistics, which is an indirect wholly owned subsidiary of Burlington Northern Santa Fe Corporation (NYSE: BNI), provides customers with a comprehensive set of supply chain solutions ranging from management and execution of single shipment transactions to daily management of complex distribution and sourcing networks. For more information about BNSF Logistics, visit its website at www.bnsflogistics.com.
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