Jacobs figures broker services will
remain in demand as small to mid-
sized shippers that lack dedicated
shipping departments increasingly
turn to third parties to help them find
the best deals from the approximately
250,000 trucking companies that ply
the nation’s roads. He contends that,
over time, XPO and others will find
themselves competing for a larger pie
than what exists today.
Dependable.
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A LONG ENTREPRENEURIAL HISTORY
At mid-life, Jacobs is poised for what
could end up being the biggest of his
many paydays. At 23, Jacobs co-founded
Amerex Oil Associates Inc., a New Jersey-based oil brokerage firm, and served as its
CEO until the firm was sold in 1983. The
next year, he moved to England and
founded Hamilton Resources (UK) Ltd.,
an oil trading company. Using most of his
savings and a $1 billion line of credit, he
built the company into a $1 billion-a-year
enterprise.
In 1989, he founded United Waste
Systems Inc., which became the United
States’ fifth largest solid waste company
before it was acquired by United Waste
Services in 1997 for $2.5 billion, including
debt. In 1997, he founded United Rentals
Inc., which had become the world’s
largest equipment rental company by the
time Jacobs stepped down from day-to-day management a decade later.
Jacobs said his prior endeavors required
significant transportation and supply
chain experience, the ability to meld
acquisitions and organic expansion, and a
mastery of information technology to
connect multiple offices in disparate locations across a single network. Those skills
will be heavily utilized as he goes where
few in the transportation field have gone
before.
Ben Gordon, managing director of BG
Strategic Advisors, a Palm Beach, Fla.-based logistics mergers and acquisitions
advisory firm, thinks it would be foolish
to sell Jacobs short. “We think Brad is likely to be very successful,” Gordon said. “We
believe in his strategy.” ;