GEOLOGISTICS SELLS OFF THE BEKINS CO.
GeoLogistics Corp., the North American non-asset-based logistics provider, said Monday it is selling off The Bekins Co. to Bekins' agent family, in order to focus more on its core logistics business. Terms were not disclosed.
Based in Hillside, Ill., Bekins specializes in corporate and private relocations and customized distribution services. The 101-year-old company includes Bekins Worldwide Solutions Inc. and Bekins Van Lines LLC.
'While Bekins has been a positive contributor to GeoLogistics overall, we have decided it does not fit with our current business model,' said Bob Arovas, president and chief executive officer of GeoLogistics. 'We will now be focusing more on our core business of logistics solutions and international transportation management.'