Letter from the CEO: Transplace’s Acquisition of Yusen Logistics’ Intermodal Operations
By: Frank McGuigan, Chief Executive Officer, Transplace
Yesterday, Transplace was thrilled to announce that it acquired Yusen Logistics Americas’ intermodal marketing company/over-the-road freight brokerage group. A subsidiary of Nippon Yusen Kaisha, Yusen Logistics is a global logistics and transportation provider that established a strong, successful North American intermodal business. This acquisition expands Transplace’s intermodal and freight brokerage capabilities and better positions us to meet the supply chain needs of our customers.
Expanding Our Intermodal Footprint & Capabilities
In today’s challenging marketplace, with fluctuating capacity and rising freight costs, more and more shippers are making intermodal a key component of their transportation operations. Transplace is committed to best positioning itself to provide our customers with flexible, reliable and secure intermodal solutions. And acquiring Yusen’s North American intermodal operations will allow our customers to better take advantages of this highly effective and efficient mode of transportation.
Yusen strengthens our current position in the intermodal market, drives more effective equipment utilization and increases our already deep pool of dray providers. The overall Transplace shipping community will benefit from network synergy with our current intermodal and over-the-road footprint, resulting in better opportunities for more effective execution of their intermodal shipments and mode conversion.
Another significant benefit of the acquisition is the group of experienced, talented logistics professionals that have joined the Transplace family. Yusen’s intermodal team will operate as part of our intermodal business unit – Celtic Intermodal – which is led by President Doug Punzel.
Transplace’s Strategic Approach to Acquisitions
The acquisition supports Transplace’s strategy of complementing strong organic growth with selective, strategic acquisitions. As with all of our acquisitions, it’s important to Transplace to find companies that are a great fit – both in their capabilities, geography and culture. Yusen established a strong presence in the industry along with a superb customer base, and brings a customer-centric culture that complements Transplace’s business and mission.
The addition of Yusen’s intermodal business enables us to better serve our existing customers as well as serve a new set of customers. Transplace is committed to providing exceptional transportation management services and technology, exceeding expectations and building long-term, strategic relationships with these new customers.
Do you have questions about the acquisition?