Quality Distribution, Inc. (QDI) completes its Initial Public Offering (IPO) on November 7, 2003. During the IPO, 7,875,000 shares sold at $17.00 per share. Quality trades on NASDAQ under the symbol "QLTY."
Montgomery Tank Lines (MTL) and Chemical Leaman Corporation (CLC) complete the process they began in June by fully integrating their operations under the single identity of Quality Distribution, Inc., and at the same time announced the formation of Quality Carriers.
MTL Inc. agrees to merge with a subsidiary of Apollo Management LP, one of the country's leading financial management organizations.
MTL and CLC combine, bringing together the industry's largest asset base and most complete service offering under one umbrella.
CLC forms Leaman Logistics, Inc. and TransPlastics, Inc.
CLC acquires the assets and business of Fleet Transport Company, Inc.
MTL and CLC join Responsible Care® initiative.
QualaSystems is established as a separate, wholly owned subsidiary of CLC.
Driver Safety Training School is started in Indianapolis, IN.
MTL merges with Quality-O'Boyle.
1913 to 1984
Quality Carriers and O'Boyle Tanklines merge.
Quality Carriers buys McNair Transport
Clextex Trucking joins Montgomery as the company's first Affiliate Partner.
Charlie O'Brien purchases Quality Carriers.
All Chemical Leaman Tank Lines, Inc. (CLTL) subsidiaries are brought under parent company CLC.
Buzz Babbit purchases operating authority of Denver-based carrier J.B. Montgomery.
Chemical Tank Lines merges with the two Leaman companies, creating Chemical Leaman Tank Lines, Inc.
Chemical Tank Lines is formed to transport chemical in bulk quantities.
Quality Carriers is founded by Pat Torhorst and Lee Barney.
Leaman Transportation Company, Inc. is formed.
The Leamans purchase Motor Mileage Corporation to haul fuel oil.
B.F. Leaman and son, Clair, begin a trucking operation, hauling lime and milk.