Last $15.42 USD
Change Today -0.04 / -0.26%
Volume 65.0K
QLTY On Other Exchanges
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As of 3:32 PM 07/23/14 All times are local (Market data is delayed by at least 15 minutes).
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Company Description

Contact Info

4041 Park Oaks Boulevard

Suite 200

Tampa, FL 33610

United States

Phone: 813-630-5826

Fax:

Quality Distribution, Inc., through its subsidiaries, operates a chemical bulk tank truck network in North America. The company also provides intermodal ISO tank container and depot services in North America. The company operates an asset-light business model and service customers across North America through its network of 89 terminals servicing the chemical market, 14 terminals servicing the energy market, and 9 ISO tank depot services terminals (intermodal) servicing the chemical and other bulk liquid markets. As of December 31, 2013, the company managed a fleet of approximately 2,900 tractors, 5,300 trailers, and 1,400 pieces of other energy logistics equipment utilized by the company, its independent affiliates, independent owner-operators, or shippers. Segments The company operates through three business segments: Chemical Logistics, Energy Logistics, and Intermodal. Chemical Logistics This segment consists of the transportation of bulk chemicals primarily through the company’s network that includes company-operated terminals and terminals operated by 26 independent affiliates. The company, through its subsidiary, Quality Carriers, Inc., coordinates the transport of a range of chemical products and provides its customers with logistics and other value-added services. Through its North American network, the company is a core carrier for majority of the major companies engaged in chemical processing. The company primarily operates in the for-hire chemical and food grade bulk transport market. Energy Logistics This segment consists primarily of the transportation of fresh water, disposal water, and crude oil for the unconventional oil and gas (UCO&G) market, through the company’s network of company-operated terminals and three independent affiliates. This segment operates through the company’s subsidiary, QC Energy Resources, Inc., and services the UCO&G market through the transportation of crude oil, fresh water, flowback and produced brine water, and the disposal of flowback and produced brine water, as well as providing services ancillary to these activities. As of December 31, 2013, the company operated in the Bakken, Eagle Ford, Marcellus, Mississippian Limestone, Mowry, Niobrara, Permian, Tuscaloosa Marine, Utica, and Woodford shale regions in North America, all of which have experienced drilling for both oil and natural gas with the exception of Marcellus, which is solely natural gas. This segment is primarily involved in fluid management and logistics in the upstream segment of the energy industry, through its services in connection with the establishment and servicing of production wells, and the midstream segment of the energy industry, in connection with the transportation of crude oil. Intermodal This segment consists of the company’s subsidiary, Boasso America Corporation (Boasso). Boasso provides intermodal ISO tank container transportation and depot services through terminals located in the eastern half of the United States. Boasso’s terminals are positioned near major shipping ports along the Gulf and East Coast, as well as inland ports in Chicago and Detroit. Boasso expanded its operations through the acquisition of Greensville Transport Company, which operates in Norfolk, Virginia. In addition to intermodal tank transportation services, Boasso provides tank cleaning, heating, testing, maintenance, and storage services to customers. Boasso provides local and over-the-road trucking primarily within the proximity of the port cities where its depots are located. Customers The company’s chemical logistics business services chemical producers with North American operations, its energy logistics business provides services to a base of participants in the energy exploration and production market in the U.S., and its intermodal business provides services to all major non-vessel operating common carriers engaged in its operating footprint of ports. The company’s major customers include Arclin; Arkema; Ashland; BASF; Dow; DuPont; Hoyer Global, Inc.; Hunt Oil; Newport Tank Container; PPG Industries; Procter & Gamble; Stolt-Nielsen USA; Talisman; Valspar; and others. Strategy The company’s strategy to target multiple resource-rich shales helps to diversify its customer offerings, lessen the impact of swings in any one commodity, and optimize equipment utilization. Seasonality Revenues decline during winter months, namely the company’s first and fourth fiscal quarters (year ending December 2013) and over holidays, and rise during its second and third fiscal quarters. Regulation As a motor carrier, the company is subject to regulation by the FMCSA, which is a unit of the DOT. History Quality Distribution, Inc. was founded in 1984.

 

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