NFI has announced its acquisition of California Cartage and its affiliated companies. With the acquisition of CalCartage, NFI expands its port drayage, transloading, deconsolidation, customs examination, and warehousing solutions.
CalCartage is a U.S. port logistics provider serving many of the largest companies in the country. With its roots in Long Beach, California, the company has operated at the country’s busiest ports for more than 70 years. The company provides port and distribution services for retailers, manufacturers, and steamship lines.
The combined company is expected to generate approximately $2bn in annual revenue in 2018. With a significant presence at nearly every major U.S. port, the acquisition enables NFI to service shippers in the transition of goods from import to port to final destination in North America.
NFI CEO, Sid Brown, commented: “I am excited to welcome CalCartage’s employees and customers to our NFI family. Together, we will expand our capabilities, better connect our domestic and international platforms, and create true end-to-end solutions. With our employees’ collective expertise and shared commitment to exceptional customer service, NFI becomes a supply chain powerhouse that can deliver value at a new level to our blue chip customer base.”
The acquisition expands NFI’s North American distribution footprint to 41.5m sq ft, a portfolio that consists of warehousing, e-commerce, automated, cross-dock, transloading and customs examination facilities. In addition, NFI’s dedicated transportation and drayage network grows to nearly 4,000 tractors and its brokerage and transportation management capacity to nearly 30,000 carrier partners. With CalCartage’s expertise, NFI is expected to improve its services in the retail, e-commerce, footwear, and apparel sectors.
Source: NFI
