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 Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement (NAFTA) partners Canada and Mexico increased 8.2 percent from September 2013 to September 2014 at $102.2 billion.

NS said that the D&H lines it plans to acquire connect with the NS network at Sunbury, Pa. and Binghamton, N.Y. and give NS single-line routes from Chicago and the southeast U.S. to Albany, N.Y., which is in close proximity to NS’ Mechanicville, N.Y.-based intermodal terminal.

This follows a 1.6 cent decrease last week, which was preceded by a 5.4 gain the week before and stands as the first increase going back to the week of June 23, when the weekly average headed up 3.7 cents to $3.919 per gallon.

BNSF said that its 2015 capital expenditures will be allocated towards various areas of its business, including maintenance and expansion of the railroad to meet the expected demand for freight rail service, with 2015 representing the third straight year BNSF has invested a record annual capital expenditures investment.

While the ongoing labor negotiations between the International Longshore and Warehouse Union (ILWU) and the Pacific Maritime Association (PMA) ostensibly going from bad to worse, following the ILWU’s announcement late last week that it was halting negotiations from November 20 through November 30, a Congressional group last week penned a letter to PMA and ILWU leadership expressing concern over the state of the negotiations.

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