JMN Logistics’ nearly $3 million investment into 16 new automotive transport trucks marks the company’s largest single capital investment into its fleet.
JMN said it made the investment, announced on Tuesday, to meet increased demand for its core transport business. Deliveries of the new assets for the automotive transport company have begun, with plans for delivery completion by year-end.
The company said it has selected several cab manufacturers based on its customers’ needs. JMN, which is privately owned and operated out of the St. Louis area, also said it plans to equip the cabs with Cottrell trailers.
“This is an exciting time for JMN, as we are expanding our fleet to keep up with demand,” JMN chief commercial officer David Larson said in a news release. “Plus, it is always exciting to hand over the keys to these beautiful new rigs to our valued drivers. As an asset medium based company, it is great to know that we are able to allocate revenues re-investing into our fleet and drivers.”
The company said in a news release that the asset investment is a continuation of JMN’s commitment to the automotive transport industry. JMN also said it is actively hiring drivers to support the investments, and it added that it is also investing in offering “attractive benefits to its valued transportation team.”