Penske Logistics to acquire Transfreight North America
March 23, 2015
Penske Logistics is buying third party logistics (3PL) firm Transfreight North America – owned by Japan’s from Mitsui & Co., Ltd. – for an undisclosed sum.
Transfreight currently operates from 27 locations across the Midwest, Canada and Mexico with its headquarters in Erlanger, KY, and Canadian operations centered in Kitchener, Ontario.
Marc Althen, president of Penske Logistics, said the Transfreight acquisition provides Penske with “a very complementary mix of business and services.”
Both companies added that they believe the deal should be finalized within 30 to 45 days.
Voice your opinion!
To join the conversation, and become an exclusive member of FleetOwner, create an account today!
Help drivers improve habits with tools that actually change behavior. This guide shows how Geotab Vitality helps fleets coach with data, reward improvement and build better habits...
Smarter fleets, safer roads—uncover how innovative technology is revolutionizing the transportation industry and making fleets safer and more efficient for everyone.
Unlock the secrets to smarter eet routing - discover how dynamic route optimization can cut costs, boost efciency, and help you adapt to real-world challenges.
Discover how eets can evaluate, select, and implement trailer telematics with condence. This step-by-step guide walks you through the entire process, so you can improve visibility...
