Company Performance Metrics
GTI is a truckload carrier headquartered near Seattle, Washington. GTI was founded by the Gordon family in 1946, and the family remains actively involved in the business. GTI is primarily focused on dry van markets but also gains approximately 14% of its revenue from refrigerated operations and 7% from freight brokerage operations. GTI's
equipment includes approximately 2,000 tractors and 6,500 trailers. GTI's average length of haul is approximately 400 miles.
GTI's service center network is concentrated in strategic markets in the western United States, with major locations in Washington, Oregon, Northern California, Southern California, and Idaho. These locations have no overlap with Heartland's locations and are expected to provide substantial geographic diversity to Heartland's overall operations. Other locations include Arizona, Wisconsin, Illinois, and Indiana. Most of these facilities are leased from limited liability companies controlled by the Gordon family.
GTI has a diverse and high-quality customer base, with major customers including Georgia Pacific, General Mills, Pepsi, Wal-Mart, and Unilever. Only one customer accounts for more than 10% of GTI's total revenue, and on a combined basis, no customer is expected to account for more than 8.5% of combined Heartland/GTI total revenues. Of GTI's ten largest customers by revenue, only 5 are among Heartland's top 10 accounts.
