The acquisition of Long Beach, Calif.-based California Cartage creates the largest family-owned, vertically integrated third-party logistics provider in North America, according to NFI.
New Jersey-based supply chain solutions provider NFI has acquired drayage firm California Cartage and its affiliated companies, NFI announced Oct. 2.
The acquisition, according to NFI, creates the largest family-owned, vertically integrated 3PL in North America. The company was founded by the Brown family in 1932. The combined entity is expected to generate about $2 billion in annual revenue in 2018, NFI has said.
Long Beach, Calif.-based CalCartage, a port logistics provider serving many of the largest companies in the country, has been in operation for over 70 years.
“With a significant presence at nearly every major U.S. port, the acquisition enables NFI to service shippers in the seamless transition of goods from import to port to final destination in North America,” NFI said in a statement detailing the purchase.
With the acquisition of CalCartage, NFI said it is expanding its port drayage, transloading, deconsolidation, customs examination and warehousing solutions.
“Together, we will expand our capabilities, better connect our domestic and international platforms, and create true end-to-end solutions,” NFI CEO Sid Brown said. “NFI becomes a supply chain powerhouse that can deliver value at a new level.”
NFI said it currently employs nearly 10,000 associates throughout its more than 250 offices, warehouses, and transportation locations. The acquisition of CalCartage expands NFI’s North American distribution footprint to 41.5 million square feet, consisting of warehousing, e-commerce, automated, cross-dock, transloading, and customs examination facilities.
Additionally, the acquisition grows NFI’s dedicated transportation and drayage network to include nearly 4,000 tractors, while its brokerage and transportation management capacity swells to nearly 30,000 carrier partners.
“NFI is a perfect cultural fit for the CalCartage family,” CalCartage Owner and Chairman Bob Curry, Sr. said in a statement. “NFI is an ideal organization to grow with and provide more opportunities for our employees, independent contractor partners, and customers.”
New Jersey-based 3PL NFI acquires port drayage provider CalCartage
