NFI Acquires World Warehouse
NFI announced the acquisition of World Warehouse and Distribution, a third-party logistics and warehouse company headquartered in Champlain, N.Y., with facilities in Champlain and Albany, N.Y., and Montreal, Canada
NFI announced the acquisition of World Warehouse and Distribution, a third-party logistics and warehouse company headquartered in Champlain, N.Y., with facilities in Champlain and Albany, N.Y., and Montreal, Canada.
World Warehouse will remain a separate entity under the umbrella of NFI's Warehousing and Distribution division. The acquisition of World Warehouse will add nearly 1 million additional square feet to the warehouse and distribution space managed by NFI, bringing the total warehouse space owned or managed by NFI to more than 19 million square feet.
"Acquiring World Warehouse is part of our strategic plan to increase our footprint in Canada. This transaction continues to build upon our previous acquisition of IPD Global - now NFI Canada - expanding our services cross border and within Canada," said NFI Chief Executive Officer Sidney Brown. "By the end of 2011, NFI will operate over 1 million square feet of distribution space in four cities in Canada and manage close to $75 million in transport-related revenues,"
"This acquisition expands NFI's network of third party logistics and warehouse services, and further enhances our cross-border capacity and capabilities," Brown said.
World Warehouse provides a wide array of transportation and logistics solutions for a variety of industries, including pharmaceuticals, perishable and non-perishable manufacturers and distributors, beverage manufacturers and sporting goods retailers. Kevin O'Shea, president of World Warehouse, will remain in his role.
With $900 million in gross revenue in 2010 achieved through organic growth and an aggressive acquisition strategy, the purchase of World Warehouse marks the 10th acquisition that NFI has made in as many years. NFI has 5,600 employees and over 2,000 tractors with more than 6,700 dry trailers and 500 refrigerated trailers.
NFI, founded in 1932 as National Hauling, has evolved from a trucking company in a regulated environment, into one of the largest privately held integrated supply chain solutions providers in North America.
More Drivers
Platform Science Adds Dispatch and Safety Tools
Four additions to PS Fleet help fleets monitor loads, manage driver coaching, share truck locations and adjust video system settings.
Read More →
When Language Stops the Truck: The Return of ELP Out-of-Service Orders
English language proficiency rules for commercial drivers aren’t new, but renewed out-of-service enforcement has raised the stakes. Here’s what carriers need to know before a driver reaches a roadside inspection.
Read More →
Samsara Launches Custom AI Agent Builder
Agent Studio lets fleets create AI tools for hours-of-service monitoring, reporting and driver support, including agents that communicate by phone.
Read More →
Trucker Path Expands Reserved Parking Network
Trucker Path has added close to 6,000 more truck parking spaces to its Trucker Path Reserved Parking Network with the addition of Safe Truck Parking.
Read More →
EEOC Sues Texas Trucking Company Over Driver Age Limits
The agency says Trancasa USA rejected applicants over 65 and applied tougher driving-record standards to those over 60.
Read More →
Nussbaum, Roehl Announce Second Driver Pay Increase This Year
This year has seen a swath of major truck driver pay increases as freight capacity has tightened.
Read More →
From One Generation to the Next: How Mentorship Builds Safer Truck Drivers
After three decades in trucking, Harold Perry shares what he's learned about driver safety, mentorship, and helping the next generation build confidence behind the wheel.
Read More →
Truck Drivers Need More Than Another Alert
Fleets have more visibility into truck health, safety events, and driver activity than ever. The next challenge is turning all that information into useful guidance for the person who has to decide what to do next.
Read More →
FMCSA Removes 110 Truck Driver Training Schools from Certified ELDT List
Federal regulators also are targeting more than 160 additional training providers and launching a nationwide audit of third-party CDL skills testers as part of a broader crackdown on trucking fraud.
Read More →
Hours of Service Pilot Programs: FMCSA Readies for 2027 Rollout
Two pilot programs could eventually reshape hours-of-service rules, giving truck drivers options to pause their 14-hour clock or use longer split sleeper rest periods.
Read More →