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!
Learn how AI supports fleet safety programs with tools for compliance monitoring, driver coaching and incident analysis to reduce risks and improve efficiency.
Over 300 leaders in transportation, logistics, and distribution gathered at Ignite 2024. From new products to innovative solutions, Ignite highlighted the importance of strong...
Prepare your fleet for every season! From winterizing vehicles to summer heat safety, our eBook covers essential strategies for year-round fleet safety. Download now to reduce...
