Yusen Logistics has sold its North American intermodal and road freight brokerage operations to US logistics service provider Transplace.
The deal, for an undisclosed amount, covers Yusen intermodal operations in Jacksonville, Cincinnati, Memphis, Chicago and Dallas, and the unit will be incorporated into Transplace’s Celtic Intermodal division.
The takeover “further supports Transplace’s commitment to strategic growth in order to build a competitive advantage for our company and our customers,” said its CEO, Frank McGuigan.
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Source: The Loadstar