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Billion-dollar player enters logistics arena

Greatwide Logistics Services (formerly Transport Industries Holdings) has announced its new name, corporate logo, and executive management team, signaling the arrival of a major new player in the national transportation and logistics industry.

Irving TX-based Greatwide was formed in 2000 when Fenway Partners, a New York-based private equity firm, acquired Transport Industries LP, a dedicated contract trucking carrier in Mesquite TX.

Greatwide is on track to post 2005 revenues of $1 billion. The company currently operates in four primary business lines: dedicated transport, truckload management, truckload brokerage, and distribution logistics. It has 90 facilities in 48 states and oversees 5,500 trucks and 1,700 trailers owned or leased by more than 5,000 independent owner-operators.

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