JARDINE MATHESON BUYS U.S. FORWARDER
Jardine Logistics Group, a unit of Jardine Matheson Holdings, has acquired Freight Solutions International LLC, a U.S. forwarding and logistics company.
The acquisition gives Jardeine, which already owned 40 percent of Freight Solutions, its first wholly owned and controlled subsidiary in the United States.
Jardine hopes the new subsidiary will allow the company to offer seamless service between key markets in Asia and America.