USF WORLDWIDE BUYS CAROTRANS’ PUERTO RICO UNIT
USF Worldwide said Tuesday that it HAS purchased CaroTrans
International’s Puerto Rico Business unit. Terms of the sale were not
released.
It is the second Puerto Rico-based purchase this month for USF
Worldwide, the freight forwarding subsidiary of USFreightways. The company announced the
purchase of Best Ways Air Cargo, a Puerto Rico-based freight forwarder, on Aug. 9.
CaroTrans’ sale of the Puerto Rico business is part of the Union,
N.C.-based non-vessel-operating common carrier’s goal to "concentrate our efforts in
growing and developing our international neutral NVOCC
services," said Wayne Schmidt, president of CaroTrans.