Acme was founded in 1960 as a Louisiana intrastate oilfield hauler. At the time the Company consisted of six trucks, two small sheds in Harvey, Louisiana, and three office employees.
From these humble beginnings, Acme has grown into a recognized industry leader with a fleet of more than 1,500 trucks, more than 40 service points, and nationwide and Canadian operating authorities.
Acme has always exclusively used owner/operators in order to provide strong motivation for excellent customer service. Because Acme utilizes all leased equipment, it shares opportunity and responsibility with its employees and allows for faster growth and more flexibility in matching truck inventory to market needs.
Acme opened its second office in 1974 and now operates nearly 80 offices nationwide. This network creates backhauls and assistance for Acme drivers, an aggressive national sales effort, and better customer service.
Today Acme is a nationwide operation headquarted in Gretna, Louisiana. An over 60 year record of continuous expansion has prepared Acme to meet the challenges of the future and respond to an ever-changing marketplace. While we are proud of our past accomplishments, we have not forgotten the cornerstone of our success: Serve our customers by keeping their freight moving safely and on time with the best and most highly trained employees in our industry.
Acme formed an Employee Stock Ownership Plan (ESOP) in 2007 to ensure the company’s continuation and to reward the efforts of its employees.
1,500 drivers and 250 other employees are part owners of the company. This is an opportunity for the employees of Acme to share in the wealth they help create. Mike Coatney, President, states
“The people of Acme have always been committed to teamwork. Employee ownership allows us to continue this tradition and all benefit from the results. Attracting safe, quality drivers is important to the continued success of Acme. No other trucking company in our market offers employee ownership.”
Following federal requirements, the ESOP operates through a trust which owns the company stock. Employees are beneficiaries of the ESOP trust. The ESOP currently holds 19% of the company’s stock. There are no deductions from employee paychecks and no investment of personal savings. The ESOP is in addition to Acme’s 401(k) plan.
The stock value can increase or decrease based on the company’s financial forecast and health. It is in everyone’s best interest to work together to provide superior customer service and to prevent accidents. As a team, we can have a positive impact on Acme’s value.
According to the ESOP Association, there are approximately 6,500 ESOP’s in place in the U.S., covering 10 million employees (10% of the private sector workforce). Some of the larger companies include Publix Super Markets, Procter and Gamble, Sherwin-Williams, and Austin Industries.