Subscribe to our free, weekly email newsletter!


Global logistics: Crowley acquires Puerto Rico Freight Systems

By Jeff Berman, Group News Editor
July 05, 2011

Crowley Maritime Corporation, a provider of ocean cargo transportation services, recently announced it has acquired the business and assets of Puerto Rico Freight Systems (PRFS), a provider of freight consolidation and less-than-container load (LCL) transportation services in the Caribbean.

Financial terms were not disclosed.

Crowley officials said that PRFS will be integrated into Crowley Caribbean Logistics LLC, a wholly owned subsidiary of Crowley. PRFS, according to Crowley, has 46 employees, and the company coordinates shipments from Europe, Central, and South America, Asia, and the U.S. to Puerto Rico and more than 19 locations throughout the Caribbean basin.

Types of services provided by PRFS include pick-up service throughout Puerto Rico for LCL and full container load (FCL) shipments and one-carrier responsibility for all Caribbean destinations, said Crowley, among other services. PRFS also serves as a Non-Vessel Operating Cargo Carrier and freight consolidator in Puerto Rico. PRFS was founded in 1985.

This acquisition is part of Crowley’s Caribbean strategy by encompassing its current Puerto Rico operations and blend them in with additional capabilities from the island as well as from the U.S.,” a Crowley spokesman told LM, adding that it provides customers with an additional dimension and a new offering to its current suite of services.”
Crowley officials also said that this deal will benefit Puerto Rico-based manufacturers looking to export goods and Caribbean-based customers looking for Puerto Rico suppliers, along with offering them more access to competitive sources.

“This acquisition positions Crowley above and beyond the current capability of any competitor in Puerto Rico,” the Crowley spokesman said. “Crowley has the capability to provide Liner services, LTL cargo consolidations, warehouse distribution services, Trucking, Cargo clearances, Airfreight, South bound FCL and LTL cargo to the Eastern Caribbean and South America, NB LTL cargo consolidations from Puerto Rico to the U.S. No other competitor can offer these same services under one company name.”

This marks the third acquisition Crowley has made in the last year. In September, Crowley acquired Islandwide Air and Ocean, and in January it acquired Jarvis Freight International.

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

Matching last week, the average price per gallon of diesel gasoline dropped 2.3 cents, bringing the average price per gallon to $3.755 per gallon, according to the Department of Energy’s Energy Information Administration (EIA).

A number of key topics impacting the freight transportation and logistics marketplace were front and center at a panel at the Council of Supply Chain Management Annual Conference in San Antonio last week.

The relationships between third-party logistics (3PL) service providers and shippers are seeing ongoing developments due in large part to the continuing emergence and sophistication of omni-channel retailing. That was one of the key findings of The 19th Annual Third-Party Logistics Study, which was released by consultancy Capgemini Group, Penn State University, and Korn/Ferry International, a global talent advisory firm.

Optimism in the form of increasing profits was a key takeaway in the Annual Survey of Third-Party Logistics (3PL) CEOs, released earlier this week at the Council of Supply Chain Management Professionals (CSCMP) Annual Conference in San Antonio.

Seasonally-adjusted (SA) for-hire truck tonnage in August saw a 1.6 percent increase in August on the heels of a 1.5 percent increase in July. The August SA index––at 132.6 (2000=100)––stands as a new SA high, with November 2013’s 131.0 now the second best month recorded.

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