SEKO expands air freight presence through buy up of Air-City in New York
SEKO Logistics has wrapped up its largest-ever acquisition with the purchase of New York-based Air-City in a bid to expand its presence in the westbound airfreight market, while also adding resources to its key New York region
SEKO Logistics has wrapped up its largest-ever acquisition with the purchase of New York-based Air-City in a bid to expand its presence in the westbound airfreight market, while also adding resources to its key New York region.
The purchase will also see SEKO add facility infrastructure in the tight real estate market near JFK international airport, reported London's Air Cargo News.
'Air-City will give us immediate depth in the growing westbound airfreight and cross-border e-commerce trade for goods going to China,' said SEKO president James Gagne.
'[The acquisition] also gives us strategic air freight volumes and expertise into China as the rising demand for US goods increases along with a rising middle class in China.
'We have also added strength to our US import services with the all-important 'Section 321' and Type 86 entries for e-commerce capabilities that are so critical for cross-border e-commerce in the US as well as a network of bonded warehouses in the [country].
'The outstanding Air-City team will not only assist our current clients with expanded and faster value-added forwarding and global e-commerce capabilities, they will also support our award-winning air product team and help our US and international network of strategic partner locations to grow their business faster.'
Air-City executive vice president Chris Zheng added: 'This partnership with SEKO will give a transformational boost to our rapidly growing cross-border e-commerce and freight forwarding businesses to better serve our clients.
'Our cultures are so aligned with the speed of e-commerce, growth of cross-border e-commerce expertise, focus on seamless technology and growing freight management capabilities. We are excited for our next phase of growth and the additional benefits we can deliver for our clients in Asia and the United States as part of the SEKO organisation.'
The company also acquired a majority shareholding in its partner Omni-Channel Logistics Australia to further solidify and 'grow its e-commerce and technology solutions for retailers.'