Transplace Acquires Yusen’s Intermodal, Freight Brokerage Business
Transplace Inc. has acquired the intermodal and freight brokerage business in North America of Yusen Logistics (Americas).
The move gives Frisco, Texas-based Transplace a significantly larger slice of the domestic intermodal business but also represents a rare pull-back from the North American market by one of the world’s largest providers of global shipping and supply chain services.
Terms of the transaction were not disclosed.
Yusen Logistics (Americas) is a subsidiary of Tokyo-based Nippon Yusen Kaisha and ranks No. 15 on the Transport Topics list of the largest freight brokerage firms in North America with estimated net revenue of $90 million and gross revenue of $725 million in 2017.