Global logistics: Crowley acquires Puerto Rico Freight Systems

By Jeff Berman, Group News Editor
July 05, 2011 - LM Editorial

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

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 4.4 percent from August 2013 to August 2014 at $100.6 billion.

As expected, global trade dipped from August to September but still saw annual gains, according to data issued this week by Panjiva, an online search engine with detailed information on global suppliers and manufacturers.

Transportation and logistics merger and acquisition (M&A) activity in the third quarter saw annual gains, which were driven by smaller deals in the trucking logistics, shipping, and passenger air sectors, according to data issued in the Intersections report by PwC this week.

With the holidays rapidly approaching, it appears retailers are not quite done getting inventory set up and on the shelves in time for what is expected to be a fairly active shopping season. That much was evident based on recent data for September volumes issued by the Port of Los Angeles (POLA) and the Port of Long Beach (POLB).

Join Industry Expert Adrian Gonzalez for this educational webinar on the tenets and the benefits of Closed-Loop Operational Management. You’ll learn how Closed-Loop Operational Management optimizes orders, inventory, and transportation concurrently, and how it is able to optimize large-scale problems on a daily basis.

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