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Geodis Acquires Freight Forwarder Velocity - Multichannel Merchant


Geodis Acquires Freight Forwarder Velocity
July 20, 2021
Third-party logistics provider Geodis has acquired Plano, TX-based freight forwarding company Velocity Transport from Berkshire Hathaway subsidiary McLane Company, to add to its forwarding capabilities across a range of modalities.
Velocity provides freight brokerage services that include refrigerated and temperature-controlled freight, flatbed and less-than-load (LTL) trucking, intermodal, van and specialty options. Terms of the deal, which closed June 30, were not disclosed.
“As the industry experiences extremely tight capacity with shortages of drivers and trucks, and that is not going away anytime soon, we saw this as an opportunity to expand and grow our brokerage services,” said Jeff McDermott, SVP of transportation management for Geodis Americas. “We can offer customers more resources, and the ability to add more capacity to the network to support them.” ....

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McLane Company To Host National Hiring Day On July 16 To Hire More Than 2,000 Drivers And Warehouse Teammates

McLane Company To Host National Hiring Day On July 16 To Hire More Than 2,000 Drivers And Warehouse Teammates
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Empowerment Job Fair in Ocala brings employers, job seekers together

Empowerment Job Fair in Ocala brings employers, job seekers together
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Geodis acquires Texas freight brokerage operation


Terms of the deal were not disclosed in a release.
Velocity services include refrigerated and temperature-controlled freight, flatbed and less-than-load trucking, intermodal, van and specialty options, the release notes. Velocity employees will remain in Plano, expanding Geodis’ operations in the Dallas-Fort Worth metro area where it maintains a roster of about 3,500 employees.
Of note, McLane Company is a subsidiary of Berkshire Hathaway.
“With the acquisition of Velocity, we are welcoming an exceptionally talented team of freight brokerage experts who have a deep understanding of the challenges and opportunities of today’s dynamic logistics and supply chain environment,” Mike Honious (pictured), president and CEO of the Brentwood-based Geodis Americas region office, said in the release. “This acquisition will expand our current freight brokerage capabilities and enable us to continue to aggressively grow our capacity solutions service for cli ....

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McLane Company ( McLane Company )

McLane Company ( McLane Company )
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