Subscribe to our free, weekly email newsletter!


NFI acquires World Warehouse and Distribution

By Jeff Berman, Group News Editor
March 08, 2011

Cherry Hill, New Jersey-based NFI, an asset-based third-party logistics (3PL) services provider said this week it has acquired World Warehouse and Distribution, a Champlain, NY-based 3PL and warehousing services provider with facilities in Champlain and Albany, NY and Montreal.

Financial terms of the deal were not disclosed. World Warehouse and Distribution provides services for shippers in various industries, including pharmaceuticals, perishable and non-perishable manufacturers and distributors, beverage manufacturers and distributors, and sporting good retailers.

NFI officials said that World Warehouse will remain a separate entity within NFI’s Warehousing and Distribution division, adding that this deal adds almost one million square feet to warehouse and distribution space managed by NFI, bringing the total amount of warehouse space owned or managed by NFI to more than 19 million square feet.

“World Warehouse is a perfect addition to the NFI family as its warehouse assets mesh with our goal of expanding cross border capacity and our transportation network throughout North America,” and NFI spokesman told LM. “The location, assets and customer base were the key factors in the desirability of World Warehouse.” 

NFI CEO Sidney Brown said in a statement that this acquisition is part of NFI’s strategic plan to increase its footprint in Canada, building on its June 2010 acquisition of IPD Global, which has since been re-named to NFI Canada, to expand cross-border services and within Canada.

“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 $75M in transport-related revenues,” said Brown. “This acquisition expands NFI’s network of third party logistics and warehouse services, and further enhances our cross border capacity and capabilities. In turn, NFI provides the World Warehouse customer base with access to a vast network of integrated logistics services and supply chain solutions.”

The four Canadian cities NFI will operate more than 1 million square-feet of distribution space are Edmonton, AB, Mississauga, ON, Toronto, ON and Montreal, QC.

For related articles, please click here.

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

Last week, the United States Department of Transportation took further steps to address various issues identified in recent train accidents involving crude oil and ethanol shipped by rail. The announcement was made by DOT with other DOT agencies, including the Federal Railroad Administration (FRA) and the Pipeline and Hazardous Materials Safety Administration (PHMSA).

Logistics Management Group News Editor Jeff Berman had an opportunity to interview Derek Leathers, President and Chief Operating Officer of Werner Enterprises, at this month's NASSTRAC Shippers Conference and Transportation Expo in Orlando. They discussed various aspects of the truckload market, including prices, fuel, and regulations.

During this webcast our presenters will apply the findings of the 23rd Annual Trends & Issues in Transportation and Logistics Study to the world of shipper-carrier decision making. They'll examine the primary aspects that will influence the future direction for shipper-carrier decision-making.

For February, the month for which most recent data is available, the SCI dropped to -1.0 from January’s 2.6, with FTR explaining that the short term positive impact from one-time adjustments for rapidly dropping diesel prices and the suspension of the 2013 motor carriers hours-of-service expires later this year.

Seasonally-adjusted (SA) for-hire truck tonnage in March was up 1.1 percent on the heels of a revised 2.8 percent (from 3.1 percent) February decline, with the SA index at 133.5 (2000=100). This is off 0.3 percent from the all-time high for the SA of 135.8 from January 2015 and is up 5 percent annually.

Comments

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


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA