APL Logistics, Sumitomo form alliance
APL Logistics on Thursday said it has formed a strategic alliance with Japan's Sumitomo Warehouse Co. to jointly market global supply chain services.
Under the agreement, Osaka-based Sumitomo will offer its warehousing and other logistics capabilities in Japan to APL Logistics customers, while APL Logistics will make its global services available to Sumitomo customers.
The two companies said they would jointly market services and offer preferential rates to clients.
The alliance 'dramatically strengthens the capabilities of both organizations,' said Jim McAdam, president of APL Logistics. 'What's more, it permits us to support each other through business leads and joint sales efforts with a broad international client base.'