Crowley acquires Puerto Rico Freight Systems
Crowley Maritime Corp. said it has acquired the business and assets of Puerto Rico Freight Systems (PRFS), a Guaynabo, Puerto Rico-based logistics company specializing in freight consolidation and less-than-containerload transportation throughout the Caribbean.
PRFS's business will become a part of Crowley Caribbean Logistics and continue to operate from its existing headquarters under the leadership of Ayesha Diaz, director of Crowley's Caribbean logistics group, who reports to Carlos Rice, Crowley's vice president of logistics operations. Michael Padilla, owner of PRFS, will remain in a consulting role.
“Adding the business and assets of Puerto Rico Freight Systems to the Crowley family strengthens our position as a total shipping and logistics provider on the island and in the Caribbean,' said Tom Crowley Jr., chairman, president and chief executive officer of Crowley. 'The acquisition will allow us to offer customers more complete solutions targeted to their needs.'
PRFS, which has 46 employees, including office personnel and warehouse workers, coordinates shipments from Europe, Central and South America, Asia and the United States to Puerto Rico, and more than 19 destinations throughout the Caribbean Basin. The company provides services such as pickup service throughout Puerto Rico for LCL and full containerload shipments and one-carrier responsibility for all Caribbean destinations.
Other PRFS services include risk insurance, documentation, bills of lading to the Caribbean from international origins, hazardous material handling and shipping, U.S. Customs bonded cartman's licensing, container freight station services. The company also operates a protected U.S. Customs bonded container station warehouse comprised of 51,000 square feet in the San Juan Free Trade Zone.