BDP International, Polar Logistics AB set up joint venture

By Jeff Berman, Group News Editor
August 19, 2013 - LM Editorial

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 PMI, the ISM’s index to measure growth, increased 1.8 percent to 57.1 in July. This is 1.8 percent higher than the 12-month average of 55.3. The PMI has grown in 18 of the last 20 months, with economic activity in the manufacturing sector expanding for the last 14 months as the overall economy was up for the 62nd consecutive month.

YRC Worldwide, whose regional and long-haul units provide the second-largest LTL capacity in the trucking industry, narrowed its second-quarter loss to $4.9 million on $1.32 billion revenue, compared with $15.1 million loss on $1.24 billion revenue in the year-ago quarter.

With NFL training camps in full swing, it stands to reason that Congress must be replete with football fans, given how it basically has elected to punt on federal transportation funding yet again, with the Senate yesterday signing off on a ten-month bill to keep federal surface transportation funding intact through May 2015 through a nearly $11 billion stopgap measure.

Carload volumes were up 4.3 percent at 306,988, and intermodal volume for the week ending July 26 was up 3.3 percent at 264,809

About the Author

Jeff Berman, 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.

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