Transplace announced the acquisition of Yusen Logistics (Americas) Inc.’s intermodal marketing and over-the-road freight brokerage group Monday. The deal marks Transplace’s eighth acquisition in seven years, according to Transplace CEO Frank McGuigan.
He said the acquisition will expand Transplace’s existing intermodal capabilities and fall in line with its strategic growth strategy.
“Acquiring Yusen Logistics’ North American intermodal operations further supports Transplace’s commitment to strategic growth in order to build a competitive advantage for our company and our customers,” McGuigan said. “Our customers will benefit from the network synergy with Transplace’s current intermodal and over-the-road footprint, resulting in better opportunities for more effective execution of their intermodal shipments as well as mode conversion.”
In addition to growing its intermodal capabilities, the acquisition will expand Transplace’s geographic footprint. The company acquired Yusen’s intermodal operations with offices in Jacksonville, FL; Cincinnati, OH; Memphis, TN; Chicago, IL and Dallas, TX. They will operate as part of Transplace’s intermodal division, Celtic Intermodal, according to a media release from Transplace.
“As more shippers are looking to integrate intermodal into their transportation operations, Transplace is committed to best positioning itself to enable its customers to take advantage of the opportunities available with intermodal,” Celtic Intermodal President Doug Punzel said.“The addition of Yusen Logistics’ intermodal operations will allow our customers to better take advantage of this highly effective and efficient mode of transportation in a time of high transportation rates and capacity constraints.”