BDP International, Polar Logistics AB set up joint venture

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

By ·

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, 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. Contact Jeff Berman

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!

Latest Whitepaper
The View from the New “Single Window”
The single window, officially known as the "International Trade Data System," operates via the Customs and Border Protection (CBP) agency's Automated Commercial Environment (ACE) platform, and serves as a single point of contact for all trade filings.
Download Today!
From the March 2017 Issue
WMS vendors are stepping up to the plate and developing functionalities and solutions that meet the complex needs of today’s companies. Our top analysts take a peek into these developments and discuss the DC of the future and the software that will support it.
5 Supply Chain Trends Happening Now
2017 Warehouse/DC Equipment Survey: Investment up as service pressures rise
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
2017 Trucking Regulations & Infrastructure Update
In this session our panel brings shippers up to date on the state of transportation regulations. Discussion will revolve around regulatory reform, aspects of the federal highway bill and what the transportation landscape looks like in the early days of the Trump administration.
Register Today!
EDITORS' PICKS
LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...

2017 Rate Outlook: Will the pieces fall into place?
Trade and transport analysts see a turnaround in last year’s negative market outlook, but as...
Logistics Management’s Top Logistics News Stories 2016
From mergers and acquisitions to regulation changes, Logistics Management has compiled the most...