Longtime freight transportation and logistics industry executive Tom Nightingale has taken over two 35-year-old Boston-area firms to form a new company, International Package Shipping.
Longtime freight transportation and logistics industry executive Tom Nightingale has taken over two 35-year-old Boston-area firms to form a new company, International Package Shipping.
Financial terms of the deal involving West Springfield, Mass.-based Polonez Parcel Shipping and Universal Trucking Service were not disclosed. Private equity investor Ernst Jacquet and Marion Investment Partners were part of the acquisition.
Polonez and Universal Trucking have long provided package consolidation services from around the United States to 31 European countries. Nightingale will serve as the new company’s president and chief executive officer.
“The company is a market leader in our niche and well positioned to expand in our core European market as well as other markets around the world,” said Nightingale, who until early 2016 was vice president of transportation logistics at FedEx’s GENCO and most recently an independent industry consultant.
“Through a broad network of U.S. and European agents, we serve consumer-to-consumer shippers who are price sensitive and are satisfied by the extended time-in-transit that comes with air and ocean consolidation,” he added.
Nightingale to lead newly merged parcel carrier
