MOVE AHEAD
The Official Blog of Penske Transportation Solutions
Penske Logistics Completes Acquisition of Transfreight N.A.

Penske Logistics Completes Acquisition of Transfreight N.A.

Today,Penske Logistics announced it has successfully completed its planned acquisition of Transfreight North America, a provider of third-party logistics and supply chain solutions, from Mitsui & Co., Ltd. Financial terms were not disclosed.

“We’re pleased to have successfully completed the acquisition,” said Penske Logistics President Marc Althen. “We look forward to working with the Transfreight team to implement a flawless integration for customers and associates. Transfreight is a customer-focused organization with excellent customer relationships. We are excited about building an even stronger business upon this foundation.”

The acquisition adds new customers and associates as well as warehousing, cross-docking, and trucking capabilities to the Penske Logistics business portfolio along with 27 locations across the United States, Canada and Mexico.

By "Move Ahead" Staff

3PLacquisitionlogisticsM&AmergermitsuiPenskePenske Logisticssupply chaintransfreighttransfreight north america

DISCLAIMER: The content provided is for general informational purposes only. Penske makes every effort to ensure the accuracy of the information presented; however, the information herein is provided without any warranty whatsoever, whether express, implied or statutory. In no event shall Penske be liable for (i) any direct, incidental, consequential, or indirect damages (including loss profits) arising out of the use of the information presented, even if Penske has been advised of the possibility of such damage, or (ii) any claim attributable to errors, omissions, or other inaccuracies in connection with the information presented.