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A management buyout is in the works for Arnold Transportation Services.(An Executive Summary of Industry News)
Logistics Management (Highlands Ranch, Co.), November, 2004
* A management buyout is in the works for Arnold Transportation Services. Current management of the truckload carrier, led by President and CEO Mike Walters, has proposed buying a 51 percent stake from Jefferies Capital Partners. Truckload carrier U.S. Xpress Enterprises would buy the other 49 percent share, but the two companies will operate independently.
Arnold operates approximately 900 owned tractors, 520 tractors provided by owner-operators, and more than 4,000 trailers, primarily in the Eastern United States.
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