DexKo Global Inc | March 16, 2022
DexKo Global Inc., the global leader in highly engineered trailer running gear, chassis assemblies, and related components, announces that its wholly-owned subsidiary, Dexter Axle Company ("Dexter") has acquired HiSpec Wheel & Tire, Inc. ("HiSpec") located in Mishawaka, IN.
Established in 1995, HiSpec designs and provides aluminum and steel wheels, tires, and related accessories to the RV, trailer and transportation industries. The company has earned a reputation for offering the safest and most innovative wheel & tire assemblies in the industry, while providing the highest level of customer service and satisfaction.
Dexter, headquartered in Elkhart, Indiana, employs over 3,800 people in the U.S. and Canada and operates 18 manufacturing facilities and over 30 company-owned distribution locations. Founded in 1960, Dexter has built a reputation as a trusted brand serving utility trailer, recreational vehicle, marine, heavy-duty, agricultural, specialty equipment manufacturers and distribution partners.
"Uniting Dexter and HiSpec allows us to offer a more comprehensive line of safety related towing products to all our customers and business partners. We are very excited to bring the HiSpec team into the Dexter family while providing an improved product offering to our valued customers," states Adam Dexter, President and CEO of Dexter.
"I am excited to welcome the HiSpec team into the Dexter family. We continue to see opportunity to improve our ability to offer even better products and service to our customers through our distribution and direct channels," adds Fred Bentley, CEO of DexKo Global. "HiSpec fits very well within our strategy, and we expect to see significant benefit to the combined business. We continue to demonstrate our ability to effectively acquire complementary companies and integrate them."
"We have worked with Dexter for twenty years, I feel very comfortable that we are passing the baton to a team with great integrity and experience. It will be gratifying to see DexKo take HiSpec to the next level in the years to come."
-Brad Richards, President and Founder of HiSpec.
The team at HiSpec is thrilled to be part of the Dexter organization," states Joe Katona, General Manager of HiSpec Wheel & Tire. "Combining our resources strengthens our position and ability to provide our customers with superior and more efficient service.
DexKo Global Inc. is the world's leading supplier of advanced chassis technology, chassis assemblies and related components with more than 130 years of experience in trailer and caravan components. DexKo Global was founded at the end of 2015 through the combination of Dexter and AL-KO Vehicle Technology. With its headquarters in Novi, Michigan, the company employs more than 7,000 associates with 52 production facilities and 49 distribution centers. For more information, please go to www.dexko.com.
Lineage Logistics, LLC | May 09, 2022
Lineage Logistics, LLC (“Lineage” or the “Company”), the world’s largest and most innovative temperature-controlled industrial REIT and logistics solutions provider, announced it has acquired Mandai Link Logistics (“Mandai”), marking the Company’s market entry into Singapore. Financial terms of the transaction were not disclosed.
“Mandai established Singapore’s first fully automated cold storage facility and has been long considered a local market leader in the provision of cold storage warehousing and distribution services,”
-Jeff Hogarth, President Asia Pacific at Lineage.
Tan Seng Eng, CEO of Mandai, is a visionary who made a huge bet by investing early in automation, and we are pleased that she will stay on as an advisor to Lineage.
Mr. Hogarth said expanding Lineage’s footprint in Asia through Singapore as a major trading hub has been a long-term strategic goal for the Company.
“Mandai’s facilities, combined with our industry-leading technology and innovations, will assist customers to navigate increasing supply chain demands in Singapore and internationally.
We look forward to working closely with Mandai’s customers on these new opportunities.
Mandai serves as a one-stop hub for refrigerated food distribution in Singapore with a full range of solutions including procurement, transport and warehousing. It has a fleet of refrigerated trucks and has a facility that can house 28,000 pallets.
Mandai's main facility is fully automated, has integrated solar power, and has a rainwater collection system for washing its refrigerated trucks.
Mr. Hogarth said Lineage, as an internationally integrated company, was acutely focused on further building out its Asia Pacific footprint so customers could take advantage of Lineage’s leading global end-to-end logistics capability.
About Lineage Logistics
Lineage Logistics is the world’s largest temperature-controlled industrial REIT and logistics solutions provider. It has a global network of over 400 strategically located facilities totalling over 2 billion cubic feet of capacity which spans 20 countries across North America, Europe, and Asia-Pacific. Lineage’s industry-leading expertise in end-to-end logistical solutions, its unrivalled real estate network, and development and deployment of innovative technology help increase distribution efficiency, advance sustainability, minimize supply chain waste, and most importantly, as a Visionary Partner of Feeding America, help feed the world. In recognition of the company’s leading innovations and sustainability initiatives, Lineage was listed as No. 17 in the 2021 CNBC Disruptor 50 list, the No 1. Data Science company, and 23rd overall, on Fast Company’s 2019 list of The World’s Most Innovative Companies, in addition to being included on Fortune’s Change The World list in 2020. (www.lineagelogistics.com)
Total Transportation Services | April 12, 2022
Total Transportation Services (“TTSI”) has completed its sixth industry acquisition since August 2019 by purchasing Marine Container Services (“MCS”). MCS is a Newark, NJ-based provider of intermodal drayage and warehousing services to beneficial cargo owners (BCOs) moving cargo through the Ports of Newark and the Port of Savannah and operates a fleet of over 130 tractors and approximately 300,000 sq. ft. of warehousing space across four facilities. MCS marks TTSI’s second acquisition in New Jersey and the third acquisition on the East Coast, all within the last year.
“This acquisition of MCS further solidifies TTSI’s position as a market leader in providing logistics services to the nation’s largest importers and other strategic customers. We are truly a nationally focused company with a national presence, able to service customers at every gateway,”
-Vic LaRosa, co-founder and President of TTSI.
As the supply chain continues to face unprecedented capacity constraints, TTSI’s growth comes at a critical time. “With these strategic acquisitions, we have positioned ourselves to withstand continued pressure on the supply chain.” La Rosa added.
With over 250 trucks nationwide, including alternative fuel platforms, TTSI remains an industry leader in the intermodal drayage business, both operationally and environmentally.
About Total Transportation Services Inc. (TTSI)
TTSI is a leading logistics services provider with distinct expertise in distributing imports within the US and Canada. The company is headquartered in Southern California and also has operations in Northern California, Savannah, Mobile, Newark, Seattle, Chicago, and Virginia.
Shipwell | April 05, 2022
Shipwell, an industry-leader in cloud-based shipping and logistics, announced that it is providing shippers the tools needed to successfully navigate this year’s hectic produce season. With a native end-to-end visibility and premium carrier network, Shipwell’s TMS solution will enable companies to successfully navigate this season’s unique challenges by, for example, granting instant access to premium and reliable capacity options across modes from full truckload and less than truckload.Capacity is particularly scarce and expensive during the high-volume shipping produce season. The ongoing driver shortage and supply chain snarls that have plagued the industry for over two years now contribute to the challenges, but this season brings its own hazards. Added disruption caused by rising fuel prices and the need for more trucks during produce season routinely causes a shortage of trucks for carrying other types of freight — placing excess burden throughout the supply chain.
“Shipwell’s advanced TMS solution is the perfect recipe to solve your capacity challenges during produce season, Quickly seeing and resolving these issues is imperative. Ensuring capacity is secured and shipments arriving on time requires visibility, as well as the ability to proactively manage and resolve delays across supply chains. Customers who leverage our TMS solution have seen a 98% on-time performance.”
-Shipwell Co-Founder and CEO Greg Price
Shipwell’s integrated premium capacity network, which comprises 850,000 drivers, gives instant access FTL- and LTL-capacity options, as well as parcel and drayage, stretching across the entire country to ensure shipments get out on time and on budget. Customers also gain instant access to a nationwide network of over 2 million reliable electronic-logging-device (ELD) connected units.
Produce season further exacerbates an already existing challenge within supply chain management: obtaining capacity at reasonable rates. Shippers also need to manage elevated customer expectations while navigating delays caused by an increase in road traffic, natural disasters and inclement weather.
Austin-based Marcus Technologies, which manages the transportation of protein, had been mired in a manual process to book customer freight. Upon becoming a Shipwell customer, Marcus Technologies was able to automate that task and deliver better customer service. As a result, claims fell by 50%, and within six months, shipping costs dropped 16.4%.
“I used to spend the majority of my day writing emails and on the phone with vendors, but now Shipwell has allowed me to focus on higher-level projects, t’s been a life changer.”
-Abiel Venezuela, a Marcus Technologies logistics manager
Shipwell will soon announce two new products during this high-impact season to further demonstrate the holistic nature of the company’s TMS solution.
Shipwell is transforming the supply chain industry with a cloud-based, all-in-one shipping solution that scales with the clients’ business. From order management to financial reconciliation, Shipwell’s solution saves time, reduces cost and optimizes the shipping experience throughout the entire supply chain. Shipwell’s customers have been able to save costs and transform their supply chain with insights that streamline the process from the first to the final mile.
In a world where shipping expectations and complexity are greater than ever, Shipwell is on a mission to empower supply chain efficiency at scale across every company size, stage, and industry. Supply chain solutions today are highly disconnected, rigid, and difficult to use, but Shipwell is disrupting the status quo. Our solution combines everything our customers need in a comprehensive platform that adapts as the market and business demands change, so they can effectively manage the entire process in one place and never have to rip and replace. Shipwell is proud to be recognized by industry experts as a leader in shipping and logistics, including Gartner Magic Quadrant for TMS, Forbes 2020 Next Billion-Dollar Startup, and was named fourth fastest-growing company in North America on the 2021 Deloitte Technology Fast 500. To learn more, visit www.shipwell.com.