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“Adding JRS to the IPS family expands the capabilities and services that we can jointly provide to our respective customers while also creating new exciting opportunities for our employee owners,” said Dave Gibbs, IPS CEO and chairman, in a news release. IPS is the parent of Murray, Kentucky-based Paschall Truck Lines and its logistics and trailer leasing units. IPS also owns Joplin, Missouri-based Transport Distribution Co. Both fleets provide over-the-road, regional and dedicated dry van transportation. The group also offers TL brokerage and cross-border Mexico service. The deal creates a nearly 2,000-truck and 6,000-trailer fleet. In addition to increased scale, the acquisition adds refrigerated assets to the IPS network. “The combination of our two organizations preserves our employee-ownership culture while bringing enhanced value to our customers,” said JRS CEO Sean Claton. More FreightWaves articles by Todd Maiden:
