AGAINST a backdrop of high transportation rates and capacity constraints Transplace, owned by TPG Capital, has acquired Yusen Logistics (Americas) intermodal marketing company and over-the-road freight brokerage group
AGAINST a backdrop of high transportation rates and capacity constraints Transplace, owned by TPG Capital, has acquired Yusen Logistics (Americas) intermodal marketing company and over-the-road freight brokerage group. Yusen Logistics is a subsidiary of Japanese shipping company NYK. Transplace, a provider of transportation management services and logistics technology, said the deal expands its 'geographic footprint and intermodal network and complements the company's mission to deliver outstanding transportation management, intermodal, brokerage and cross-border trade management services to shippers.'
Transplace CEO Frank McGuigan was quoted as saying in a report by American Shipper: 'Our customers will benefit from the network synergy with Transplace's current intermodal and over-the-road footprint, resulting in better opportunities for more effective execution of their intermodal shipments as well as mode conversion.'
Yusen said the sale is part of a 'strategic alignment' and that it had 'sold this portion of our business portfolio to focus on our core services. These services include international freight forwarding, integrated solutions (customised logistics) and contract logistics services and they will remain unimpacted by this change, along with the capability to provide transportation services to support them.'
The newly acquired intermodal operations are located in Jacksonville, Cincinnati, Memphis, Chicago and Dallas. It will operate as part of Transplace's intermodal division, Celtic Intermodal.
