DC Logistics Acquires Legacy Mountain Valley Transport from GLS US
LTL News Bulletin...
Normally when we're talking about geography - it's related to a carrier's service footprint. While that's relevant here - I want to first share some geography related background.
Monterrey, MX.
Beautiful area surrounded by blue skies and sharp mountains. A mountain valley, one could say.
5 years ago - from family office HQ in Monterrey, Judas Ricardo Castro Salazar and his team began a quest to vet and purchase a Southwest United States LTL carrier that they could grow into THE top regional service provider powered by the best technology and equipment.
After spending 3 years talking to hundreds of companies, they found and purchased DC Logistics, back in 2022.
Since then - they've poured millions of dollars into building new technology, buying shiny new trucks and trailers, while also growing their revenue at a double digit percentage rate month over month.
This team is playing the long game. They are spending the right time and money in the right places - to build a foundation that will ensure they get a crack at being the #1 regional in that part of the country. Oh - and what's this thing everyone is buzzing about? Nearshoring...cross border Mexico freight? Yeah - that's a major focus too.
This machine is about to scale. Effective September 1st , DC Logistics is purchasing the Mountain Valley Transport LTL division from GLS US (GLS acquired Mtn Valley in 2019).
This combined entity will be rebranded as Mountain Valley once again - but with the momentum, resources and passion of DC Logistics and the resources tracing back to a long-time successful family business empire in Monterey.
It's time to see this thing go!! Very exciting.
New Mountain Valley will involve the blend of a 50 year old LTL carrier with all of the customers, experience, and prior accolades into the super charged, data driven, leverage machine that is DC Logistics. This integration is being led by Geoffrey Milsom and Forerunners Consulting's steady hand.
DC has assembled a super team of industry experts like Matthew Marshall, James R., Barry Hale, Jamie Roberts and others to send this ship to the moon.
Congratulations to "New" Mountain Valley ("New" added by me for this post), GLS US, and legacy Mountain Valley on putting this monumental deal together where the LTL market will only benefit.
I got some feedback from a few industry friends as well...
Jameson Goforth, VP at ITS Logistics and former GLS executive says:
“It’s a fun time to be in West Coast LTL. With so much recent change, there’s a vacuum that in time will absolutely be filled by the fittest Regional out West. The GLS acquisition should be immediately accretive to DC’s quest to win that race. Be it in density, people, or reach, DC added a valuable piece of the puzzle today.”
Scooter Sayers, of Sayers Logistics, LLC and Cubiscan shares:
MVL was a very good carrier but I think lost a step or two after GLS bought them. MVL was #6 on the Mastio list as recently as 2018 and had a very good reputation.
If this brand can be brought back, both in name and service, it has the makings of a formidable and emerging player when you add in their Mexico cross border capabilities.
This is just another very compelling story taking place in LTL. Never boring.
Doug Russ, CEO of Premier Logistics Partners says:
"The Western US has needed a boost in LTL service capacity and coverage. DC Logistics’ acquisition of Mountain Valley Express will bring a strong solution to these needs. At Premier Logistics Partners, we look forward to working with this new group to help service our LTL customer base in the West!"
Todd Fain, President of Reconex mentioned:
"The next big hurdle here is the integration of the business and culture of these two carriers - but if they succeed - this will be exactly what the doctor ordered for this region - and particularly to balance out LTL market share in the West where it might be a little national carrier heavy currently."