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Dive Brief:
- A. Duie Pyle will add a total of 225 doors this year to a new terminal in Mainea New York-area facility it previously leased, and four others it bought from bankrupt Yellow Corp., Supply Chain Solutions COO Frank Granieri told Trucking Dive.
- The company’s investments in real estate capacity and technology have contributed to its success as it enters its 100th year of operation, Granieri said. The company uses proprietary software built by its in-house application development team.
- Terminals and technology upgrades are investments to optimize its operation for growth. “Half of the equation is making sure we’re always focused on quality and efficiency,” Granieri said. “The other half is making sure we are disciplined and charge a fair price for our services.”
Dive Insight:
A. Duie Pyle has become known as a leading service provider over the past century by making the required, ongoing investments, Granieri said.
The company hopes to move into the Yellow properties it acquired by the end of the second quarter, although necessary repairs could delay that timeline. A. Duie Pyle was among a host of competing truckers and other companies that bid a total of nearly $2 billion for Yellow’s truck terminals in last year’s bankruptcy auction.
A. Duie Pyle’s regional network, which will surpass three dozen service centers this year, has grown organically since 1996, when it expanded beyond a single terminal. He combined the new facilities with significant spending on technology, particularly over the past five years, the COO said.
“If you look at some of the companies in our space … that are outperforming in terms of profitability, one common theme you hear from every one of them [is] they invest a lot in technology,” he said.
The private company’s long-term investments in real estate and technology have helped it win a tough freight market.
“We’re not overextending ourselves,” Granieri said. “We have virtually no debt. We are raised organically. We just did it based on the execution of the business from a value standpoint and from a people standpoint.”