In a move to expand its port drayage, transloading, deconsolidation, customs examination, and warehousing solutions, NFI has acquired California Cartage and its affiliated companies, the supply chain solutions provider announced.
CalCartageis a port logistics provider serving several large companies in the U.S. With its roots in Long Beach, Calif., near the Ports of Los Angeles and Long Beach, the company has operated at the country’s busiest ports for more than 70 years.
The acquisition creates a family-owned, vertically integrated 3PL in North America with service offerings in dedicated transportation, distribution, and drayage. With a presence at nearly every major U.S. port, the acquisition enables NFI to service shippers in the transition of goods from import to port to final destination in North America.
The combined company is expected to generate approximately $2 billion in annual revenue in 2018.
The acquisition expands NFI’s North American distribution footprint to 41.5 million square feet with a portfolio that consists of warehousing, e-commerce, automated, cross-dock, transloading, and customs examination facilities. In addition, NFI’s dedicated transportation and drayage network grows to nearly 4,000 tractors and its brokerage and transportation management capacity to nearly 30,000 carrier partners.
With CalCartage’s expertise, NFI says it can provide heightened specialization in the retail, e-commerce, footwear, and apparel sectors. NFI now employs nearly 10,000 associates throughout its more than 250 offices, warehouses, and transportation locations.