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American Fast Freight buys Grand Worldwide Logistics
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Time:2017/7/14 11:39:42 |
WAREHOUSING and third-party logistics provider Grand Worldwide Logistics (GWW) has been acquired by Washington-based American Fast Freight Inc (AFF), the biggest US domestic ocean freight forwarder specialising in less than container loads.
Chicago-based GWW specialises in warehouse and transport for the beverage/spirits, food, and paper industries.
AFF said the purchase of GWW expands the company's global logistics platform by adding two million square feet of warehouse space and 150 rail spots, reported American Shipper.
AFF president and CEO Kevin Kelly said of the acquisition: "In 2015, we expanded our reach into the Caribbean market with the addition of Caribbean Shipping Services.
"Last year's acquisition of Global Transportation Services expanded services beyond our primary Jones Act markets of Alaska, Hawaii, Guam, and Puerto Rico," he said.
"The addition of GWW complements our global logistics platform and will provide many service benefits to current and new customers."
GWW president Dave Schulman will continue to have an advisory role and has re-invested a significant portion of his sale proceeds into AFF.
Said GWW's Mr Schulman: "With the many synergies we share, we will be able to provide new service offerings. We could not have chosen a better partner."
AFF and its affiliated companies provide a range of ocean freight forwarding of dry and temperature control goods, trucking, project logistics and warehousing and distribution services. | | | | | | | |
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