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Watkins Refrigerated

driveforwatkins.com

Stage

Acq - Fin | Alive

About Watkins Refrigerated

Watkins Refrigerated, fka Sunco Carriers, is a temperature-controlled carrier that focuses on markets and industry segments where highly-reliable, on-time service is the primary criteria for carrier selection. The company's asset-based fleet provides service for both Refrigerated and Dry commodities. Watkins Refrigerated covers Regional and Inter-Regional Markets, with offerings that include Dedicated Fleets, Shuttle Services, and Watkins Logistics Brokerage.

Headquarters Location

1120 W. Griffin Road

Lakeland, Florida, 33805,

United States

863-688-1948

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Latest Watkins Refrigerated News

FreightWaves Haul of Fame: Watkins Motor Lines grew for decades

Apr 15, 2021

FreightWaves Haul of Fame: Watkins Motor Lines grew for decades ...and then sold a major piece of the company to FedEx A Watkins Motor Lines truck moves down the road. (Photo: Jim Allen/FreightWaves) Bill Watkins founded Watkins Trucking in 1932 when he purchased the first Watkin’s truck – a red three-quarter ton Dodge pick-up. Watkins purchased the truck using $300 that he had earned working on his family’s farm in Metcalf, Georgia. The very first run Watkin’s made was to Jacksonville, Florida hauling his own chickens. He then completed his first long-haul with service to Norfolk, Virginia. The company grows bigger Watkins grew the company by buying, selling and hauling produce, peanuts, pecans, cottonseed meal, hay and corn as a private exempt carrier. Before long, he had grown his fleet to six trucks, operating from the Thomasville, Georgia Farmers’ Market as the company’s base of operations. In those days, the company used the name Watkins Produce Company. By 1950, Watkins realized he would need to set up a business that required operating authorities, and Watkins Motor Lines was born. The company petitioned the Interstate Commerce Commission (ICC) for the authority to haul frozen citrus concentrates. Watkins Motor Lines was a refrigerated carrier. A Watkins cab-over tractor and two of the company’s dry vans. (Photo: Gary Morton Collection) In 1959, Watkins formed a new subsidiary. Arctic Express Inc embarked on its inaugural trip to Alaska from Minneapolis in December of that year. The founding of this subsidiary expanded Watkins Motor Lines’ reach from Laredo, Texas to Kenai, Alaska, the longest distance in the United States. In 1963, the company’s holdings expanded further when it acquired Highway Transport, Inc., a petroleum and bulk carrier based in Knoxville, Tennessee. A trucking empire By 1971, Watkins was operating routes across the continental United States  By 1981, Watkins Motor Lines was primarily a less-than-truckload (LTL) carrier. The company operated under parent company Watkins Associated Industries Inc., which also had businesses involved in construction and seafood processing. In the 1980s, Watkins Motor Lines management decided to spin off its truckload and refrigerated segments into a new company under Watkins Associated Industries. This new company was christened Land Span. In 1997, it acquired Sunco Carriers, Inc., whose business was in refrigerated truckload. The refrigerated business of Land Span was rolled into Sunco’s operations. Land Span’s dry van business continues today, unaffiliated with Watkins. By 1997, Watkins Motor Lines accounted for approximately 75% of the revenue for the family of companies and it had grown to over 8,000 employees. In 1999, Watkins Motor Lines was the nation’s ninth largest LTL carrier of general commodities. A Watkins patch (Dale Bridge collection) Growing into a new century By 2000, Watkins Motor Lines had 130 terminals. The company continued to grow through the early 2000s, establishing a regional overnight LTL delivery component called Watkins Regional Express. Following this, regional hubs were opened in Florida, Kentucky, Louisiana, New Jersey, Oklahoma, Texas, Virginia and where it all started, Thomasville, Georgia. Breaking up the company In 2006, Watkins sold the assets and the LTL business to FedEx in a $780 million cash transaction. Land Span was sold to Celadon in 2012. Now, Watkins Refrigerated, all that is left of the LTL enterprise of the past, provides service to regional and interregional markets in the eastern United States. In December 2016, Lakeland, Florida-based Sunco Carriers, which did business as Watkins Refrigerated, was acquired by private equity firm KJM Capital. Watkins Refrigerated operated primarily in the Southeast with a fleet of more than 200 tractors and 400 reefer trailers. A Land Span tractor-trailer on the highway. (Photo: Jim Allen/FreightWaves) A sad ending Watkins Refrigerated LLC filed for voluntary Chapter 11 bankruptcy protection on September 27, 2019, in the Middle District of Florida. That marked the end of a company that had lasted nearly 90 years and had seen many “ups” and a few “downs.” A Watkins patch that highlights its refrigerated business. (Patch from the Dale Bridge Collection) Tags

Watkins Refrigerated Frequently Asked Questions (FAQ)

  • Where is Watkins Refrigerated's headquarters?

    Watkins Refrigerated's headquarters is located at 1120 W. Griffin Road, Lakeland.

  • What is Watkins Refrigerated's latest funding round?

    Watkins Refrigerated's latest funding round is Acq - Fin.

  • Who are the investors of Watkins Refrigerated?

    Investors of Watkins Refrigerated include KJM Capital and Watkins Associated Industries.

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