Today, global supply chain solutions leader AIT Worldwide Logistics celebrated the grand opening of a new, modern facility in a popular Los Angeles freight forwarding corridor. The location will soon be the new workplace for more than 100 teammates who were formerly based in other Los Angeles-area AIT properties providing logistics expertise for customers in a wide range of industries, including special services for food, high-tech and life sciences shipping.
AIT Worldwide Logistics setzt mit der Mitgliedschaft im Produce Blue Book auf Verbindungen zu Erzeugern finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
The move toward consolidation among freight forwarders in recent years is picking up steam, with DSV Panalpina announced its acquisition of Agility’s Global Integrated Logistics unit just last week. The acquisitions of large-scale and more targeted logistics businesses is supportive of growth in cross-border airfreight and other shipments at a time when customs changes are making processes increasingly complex, forwarders recently told
Air Cargo World.
A U.S. Customs & Border Protection officer inspects cargo being offloaded from an aircraft. Photo: U.S. CBP
Among the major changes in customs regulations recently are the U.K.’s exit from the European Union, or “Brexit,” which has led to substantial changes in how cargo moves to and from Europe. Chicago-based AIT Worldwide Logistics had targeted Europe for its expansion plans and looked early in the Brexit process for a way to accommodate easier cross-border trade with the U.K. and Europe, President and CEO Vaughn Moore to
Ongoing problems with ocean freight have been exacerbated by the weeklong Suez Canal blockage and freight forwarders have advised shippers to consider other transportation modes, and airfreight in particular. Georgia-based 3PL JAS Worldwide advised shippers to consider utilizing other shipping modes in a bulletin today. With airfreight rates still elevated, ocean freight offers more cost-friendly […]
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The deal coincides with the global logistics provider crossing the $1 billion gross revenue threshold for the first time in its history
ITASCA, Ill., March 17, 2021 /PRNewswire/ After reporting $1.2 billion in gross revenue for 2020, global freight forwarding leader AIT Worldwide Logistics has agreed to recapitalize with New York City-based middle-market financial firm The Jordan Company, L.P. (TJC). The transaction, expected to be finalized at the end of March, marks the culmination of AIT s partnership with private equity group Quad-C Management, Inc. (Quad-C), which is selling its full stake in AIT to TJC.
AIT Worldwide Logistics concludes successful partnership with Quad-C, leading to recapitalization with The Jordan Company