Subscribe to our free, weekly email newsletter!


BDP International, Polar Logistics AB set up joint venture

By Jeff Berman, Group News Editor
August 19, 2013

Global third-party logistics (3PL) services provider BDP International recently announced it took a majority equity position in Sweden-based Polar Logistics AB.

Stockholm-based Polar is a member of BDP’s global network along with other global affiliates, including Denmark, Norway, and Finland, whom all provide myriad services, including global air and ocean freight forwarding, import/export customs clearance, inland haulage and door delivery, project logistics and transit services, warehousing and distribution, assembly and packaging, logistics process analysis and administration, on-line information tools and systems applications, and global supply chain management.

BDP said that the new joint venture will operate under the BDP International Sweden moniker and be led by Slava Caisin and its current management team.

Polar AB was established in 2002. The company provides transport and freight services, including assistance with documentation and customs clearance.  In addition, it operates warehousing/consolidation facilities at the Arlanda airport and the ports of Stockholm and Gothenburg, the country’s key transport centers.

“Sweden is a highly industrialized economy and a lynchpin in Scandinavia for growth with major trade lanes involving North America, Asia Pacific, the Middle East /Gulf and South America,” said Arnie Bornstein, BDP director or corporate communications. “Polar Sweden operates under a business model that fits well with BDP’s customer intimacy model and further solidifies our presence in the greater EU region, in support of our customers.”

Bornstein said that planning and negotiations between BDP and Polar Sweden took place over a period of 12 months.

And he added that for shippers of each company it translates into seamless service to and from all major markets, with the deployment of strong upstream and downstream visibility through the BDPSmart suite of shipment transaction and performance measurement applications. Polar serves roughly 100 small to midsize (SME) companies, and Bornstein said by joining the BDP family it will be able to extend its service portfolio for SMEs and global multinationals.

“Given the strength of the Scandinavian economies, particularly export-oriented Sweden, it was imperative to reinforce our presence in the region,” said BDP Chief Venture Officer H. Timothy Bolte in a statement. “Sweden’s GDP, Scandinavia’s largest, continues to outpace forecasts, growing twice as fast as predicted through the first quarter of this year. In addition, we have had an excellent relationship with Polar Logistics AB, which provides efficient, tailored services and shares our customer-intimate business culture.”

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The “good news story” of the season appears to be generated by officials at The Port of Oakland, who report that it has taken additional steps in an ongoing effort to manage a surge of inbound container vessel calls.

The PMA, which represents employers at America’s 29 West Coast ports, has finally asked for federal mediation in its contract negotiations with the ILWU.

Seasonally-adjusted (SA) for-hire truck tonnage in November was up 3.5 percent compared to October, which was up 0.5 percent over September at 136.8 (2000=100), marking the highest SA on record.

UPS said that through this acquisition it will augment its healthcare expertise and network in Europe, specifically in the fast growing healthcare markets in Central and Eastern Europe.

Carloads were up 12.1 percent at 312,271, and intermodal at 280,337 containers and trailers saw a 4.5 percent annual gain.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2013 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA