Breaking: Illinois Tanker Company to close, sources say

After 41 years, a family business for transporting dry and liquid bulk ceased operations as of midnight Tuesday, sources familiar with the matter told FreightWaves.

Dillon Logistics Inc., doing business as Dillon Transport, was headquartered in Burr Ridge, Illinois. According to the Federal Motor Carrier Safety Administration’s SAFER website, the carrier had 342 drivers and 323 power units at the time of closure.

Former drivers, employees and other logistics companies began posting on social media on Tuesday about the company’s demise. However, the company has not yet issued a formal statement confirming the airline’s shutdown.

Dillon Transport’s Facebook page was deactivated on Tuesday, the company’s email addresses on the carrier’s website were down and no one picked up the phone nine terminals in the country.

Founded in 1980, Dillon Transport provided dry bulk and liquid tanker services to the agricultural, construction, industrial and energy industries.

Jeffrey Dillon, founder and president of Dillon Transport, did not respond to FreightWaves’ request for comment as of publication.

According to PitchBook, private equity firm Cotton Creek Capital recapitalized Dillon Transport in January 2017 to support the company’s ongoing expansion efforts.

Texas-based Cotton Creek has offices in Dallas, Fort Worth and Austin, founded in 2006 and focuses on investing in lower mid-market companies in the US

The company focuses on investments in companies in the manufacturing, infrastructure, value-added distribution, industrial services, construction products, specialty chemicals, business services, food and beverage, transportation and logistics sectors, according to PitchBook.

As of publication, Cotton Creek did not respond to FreightWaves’ request for comment regarding Dillon Transport.

Do you have a story to share? Send me a e-mail. Your name will not be used without your permission.

This is a shop under developmentand.

Click for more articles from Clarissa Hawes.

Truck and logistics companies startled by bankruptcy filing of controversial bottled water producer
The manhunt continues for a truck driver who is believed to have strangled his girlfriend and drowned her daughter
Texas freight forwarder files for bankruptcy

Image by next trip by Pixabay

See more from Benzinga

© 2021 Benzinga does not provide investment advice. All rights reserved.