TRANSPORTATION

GEODIS Acquires Velocity Transport, Expanding Freight Brokerage Capacity

GEODIS | July 09, 2021

GEODIS, a global supply chain operator, has agreed to buy almost all of the assets of Velocity Freight Transport, Inc., a leading freight brokerage firm headquartered in Plano, Texas, from McLane Company Inc., a Berkshire Hathaway subsidiary.

The acquisition broadens GEODIS' Capacity Solutions offering in North America at a critical juncture in the industry's ongoing driver and truck shortages. Velocity's acquisition will help meet increasing customer demand for additional transport options to keep their supply chains flexible and effective. Velocity's freight brokerage services include:

• Refrigerated and temperature-controlled freight.
• Flatbed and less-than-load (LTL) trucking.
• Intermodal, van.
• Specialty options.

Velocity's staff will stay in Plano, significantly increasing GEODIS's presence in the Dallas-Fort Worth metro area, which employs up to 3,500 people.

GEODIS provides a full-service managed transportation line of business in the United States, with its Americas region headquartered in Brentwood, Tenn. Furthermore, GEODIS manages more than 150 warehouse sites for its clients, totaling more than 47 million square feet of storage capacity in the United States alone. GEODIS currently employs over 15,000 employees throughout North America.

ABOUT GEODIS
GEODIS is a top-rated global supply chain operator known for its dedication to assisting customers in overcoming logistical challenges. GEODIS' growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport), combined with the company's truly global reach (direct presence in 67 countries and a global network spanning 120 countries), resulting in top business rankings, including #1 in France, #6 in Europe, and #7 worldwide. GEODIS had approximately 41,000 employees worldwide in 2020 and generated €8.4 billion in revenue.

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LOGISTICS

J&T Express Launches Network in Egypt, Further Expanding Global Footprint

J&T Express | June 22, 2022

J&T Express ("J&T"), an international express logistics company, announced that it has officially launched its network in Egypt. This is another major step in J&T's expansion in the Middle East North Africa (MENA) region, following the Company's launch of the network in the UAE and Saudi Arabia and announcement of establishing a smart logistics park in Riyadh. This latest expansion brings J&T Express' global network coverage to a total of thirteen countries, expanding its global delivery network to Africa markets beyond Asia and Latin America.E-commerce in the MENA region is fast catching up with global powerhouses. Egypt, as the most populous Arabic country, represents one of the most diversified economies in the MENA region. The total revenue of ecommerce in Egypt reportedly reached $5 billion in 2021. In line with the National e-Commerce Strategy, Egypt aspires to harness the power of e-commerce to help catalyze innovation, growth, and social prosperity in the digital economy. The rapidly growing e-commerce market presents significant opportunities for the express logistics industry. J&T Express has established one sorting center and 10 distribution centers, with its distribution network covering the full country except the North Sinai military command area. Following the company's entry into Latin America earlier this year, it is an important step for the company to continue to further cultivate emerging markets and expand its strategic global footprint. "J&T is an independent e-commerce enabler, offering express delivery solutions to leading e-commerce platforms. By leveraging our expertise of providing efficient and convenient services through our growing global operation network, J&T Express is set to contribute to the faster development of e-commerce in the MENA market and the launch in Egypt bears testament to our commitment to the region." -Charles Hou, Group Vice President of J&T Express Patrick Chen, Head of J&T Express Egypt, said, In view of rapidly increasing internet penetration, the Egyptian market is well-positioned to tap on existing opportunities to further e-commerce development. J&T Express is excited to establish a refined service network in Egypt and offer an efficient, convenient and quality logistics experience to local retailers and customers. With its network launch in Egypt, J&T Express' network now spans thirteen countries including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt, and serves over 2.5 billion people. About J&T Express J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express' network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its "customer-oriented and efficiency-based" mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

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SOFTWARE AND TECHNOLOGY

ePost Global Expands to Florida

ePost Global | June 16, 2022

ePost Global, a technology-enabled international shipping solutions provider, is excited to announce its expansion to Miami, FL on June 15th, 2022. South Florida will become the company’s Southeast U.S. hub. Led by global logistics experts, ePost has experienced significant growth through cross-border ecommerce trends and recognized the need to better support its existing and potential customers in the Southeast U.S. This facility is further proof of the company’s continued focus on strategic investment needed to support its growing ecommerce customer base.“We are excited to increase our U.S. footprint, says Fabrizio Alvear, EVP of Operations. In an environment where consumers are regularly shopping online, it is important to focus on how we can reduce delivery times, and with this expansion, we can improve our service offering. By opening a presence in South Florida, we are emphasizing the importance of aligning with major international logistics hubs.” ePost Global has a national presence with multiple locations strategically located near international postal facilities and major airports. This expanded Southeast presence complements ePost’s headquarters near Los Angeles, CA, Midwest hub near Chicago, IL and Northeast facility located near the JFK, EWR and LGA international airports. Opening a location in Miami is merely the first step in ePost’s plan to further invest in the region with a focus on recruiting technology and operations talent. “This new location helps us become a better partner for our existing customers and tap into a new pool of ecommerce businesses, With the continued growth of cross-border ecommerce, Miami is a critical hub for international shipping to ensure consumers anywhere in the world can appreciate U.S. consumer brands. The new facility will offer the same innovative, tech-enabled shipping solutions and best-in-class customer service that have become synonymous with the ePost brand.” -Kelly Martinez, EVP of Sales and Marketing. About ePost Global ePost Global delivers cost-effective, global delivery solutions through strategically located processing centers throughout the United States. By combining technology and global logistics expertise, ePost Global optimizes delivery workflows, enhances visibility for all phases of delivery, and simplifies international shipping complexity.

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TRANSPORTATION

Echo Global Logistics Signs Definitive Agreement to Acquire Roadtex Transportation Corporation

Echo Global Logistics, Inc | May 06, 2022

Echo Global Logistics, Inc. ("Echo"), a leading provider of technology-enabled transportation and supply chain management services, and Roadtex Transportation Management, Roadtex Transportation, and Roadtex Corp ("Roadtex"), a leading provider of integrated temperature-controlled supply chain solutions, today announced that they have signed a definitive agreement for Echo to acquire Roadtex. "We've been following Roadtex and are very impressed with their capabilities, With this transaction, Echo not only adds a national warehouse footprint but also broadens its temperature-controlled service offerings and customer base." -Doug Waggoner, Chief Executive Officer of Echo Roadtex brings an expertise with temperature-controlled deliveries into big box retail that few can match," said Dave Menzel, President and Chief Operating Officer at Echo. Not only will this help Echo expand in this area, but we are also bringing on an experienced, well-regarded management team led by co-founders Bruno Ciacciarelli and Bob Kelly, and we are excited about the opportunity to partner with them. Through an integrated, national, value-added warehousing and distribution ("VAWD") network including 32 strategically located food grade cross dock facilities, 5 of which are VAWD facilities that provide a suite of contract logistics solutions, Roadtex's network covers 85% of the U.S. population within a 24-hour shipping period. "We are excited to have our dedicated team of professionals join the Echo family, As we have gotten to know the Echo team it was clear our cultures are very similar, and the benefits to joining the Echo team would be substantial for our team members and clients." -Bruno Ciacciarelli, Co-Founder, Head of Transportation & Administration at Roadtex Roadtex delivers customized, end-to-end solutions that exceed the stringent pickup, handling, delivery and chain of custody requirements of customers serving attractive, recession-resistant end markets with favorable, long-term growth prospects. Because Roadtex interacts with 100% of the top 10 big box retailers on a daily basis, we have long-standing relationships and expertise that we look forward to bringing to Echo," said Bob Kelly, Co-Founder, Head of Sales & VAWD at Roadtex. "The opportunity to offer these services and our national warehouse footprint to Echo's clients, while Bruno and I continue to lead Roadtex, will unlock significant synergies. Stifel served as the financial advisor to Roadtex. Kirkland & Ellis, LLP served as legal advisor to Echo. Zukerman Gore Brandeis & Crossman, LLP served as legal advisor to Roadtex. About Echo Global Logistics Echo Global Logistics, Inc. is a leading Fortune 1000 provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com. About Roadtex Transportation Corporation Roadtex Transportation Corporation is a leading nationwide provider of integrated temperature-controlled supply chain solutions to the confectionery, food, nutrition, and pharmaceutical mass retailer end-markets. Founded in 1992 and based in Somerset, New Jersey, Roadtex maintains a base of 32 strategically located food grade cross dock facilities, 5 of which are VAWD facilities that provide a suite of contract logistics solutions. Roadtex supports a diverse group of blue-chip clients, managing their time and temperature sensitive product shipments. For more information on Roadtex visit: www.roadtex.com.

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LOGISTICS

Direct Connect Logistix Accelerates Growth with its Acquisition of Hoosier Logistics

Direct Connect Logistix | April 06, 2022

Direct Connect Logistix ("DCL"), a leading third-party logistics services company, and Tipton Holding Group ("Tipton"), the parent company of Hoosier Logistics ("Hoosier"), today announced that the two companies are joining forces to build the combined business into a national leader in third-party transportation and logistics services. Hoosier, founded in 2015 by Rob Likens and Nick Likens in Indianapolis, is a freight brokerage company with specialization in asset-light, temperature-controlled transportation solutions for the food, beverage, and related industries. By joining together, Hoosier and DCL will significantly expand its ability to serve customers across North America. "We will immediately gain scale and resources from this transaction and will benefit from Hoosier's roster of blue-chip food and beverage customers, We look forward to integrating Hoosier's experienced management team into our operations and expect the combination will strengthen our service offerings, broaden our customer base and set the stage for our continuing North American expansion." -DCL CEO Richard Piontek Both Hoosier Logistics CEO Rob Likens and COO Nick Likens will join the combined company to help lead an expansion plan for DCL's brokerage operations. Nick Likens will join DCL's executive management team and Rob Likens will lead the asset-based truckload services division. As we talked extensively with Rich at DCL about this powerful business combination, we became convinced that DCL shares our corporate values and has a growth plan that will benefit our employees and our customers as we build this platform together," Rob and Nick Likens said. "We have worked hard over the past seven years to build Hoosier into what it is today and believe that joining with DCL will help all of us achieve our goals. The transaction comes just a few weeks after DCL's acquisition of Performance Logistics, a cold food chain focused freight brokerage in Salt Lake City, Utah. With operations in the Midwest and Mountain West, as well as Texas, the addition of Hoosier provides the combined company with a larger regional and national presence, along with a customer base that will drive additional organic growth. Detroit-based private equity firm Huron Capital acquired DCL in 2018 to build the company into a premier third-party logistics business. The freight brokerage industry continues to evolve and thrive in a volatile market with tight capacity and resulting rate pressure. Our acquisition of Hoosier Logistics further supports our strategy to develop a top North American transportation management platform and expand our capabilities with a deliberate and strategic focus on the cold chain segment, Piontek said. Republic Partners served as the exclusive financial advisor to Hoosier Logistics, Inc. Terms of the transaction were not disclosed. For more information about DCL, please visit: www.dclogistix.com. About Direct Connect Logistix Direct Connect Logistix ("DCL") is a leading, non-asset based, multi-modal third-party logistics company providing transportation solutions for customers of all sizes. Since its founding in 2009, DCL has continued to develop its knowledge in the temperature-controlled, time and condition critical truckload segment serving the Food, Grocery, Beverage, and related industries.DCL's unique HUSTLE culture has fueled its growth by defining how the company serves its customers, carriers, investors, employees, and the community at large by providing high performance logistics management solutions that enable sustainable, responsive, and efficient customer supply chains. For more information, please visit: www.dclogistix.com. About Hoosier Logistics Founded in 2015, Indianapolis based Hoosier Logistics' mission has been to be an industry-leading logistics and supply chain provider that provides customers, carriers, and employees with the opportunity to overcome obstacles by using strength, hard work, and cutting-edge technology.For the past seven years, Hoosier has carried out that mission by delivering premium logistics solutions that meet and exceed customer requirements. For more information, please visit: https://hoosierlogistics.net/

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Whether it’s packaging, electical goods or batteries, you probably already know of your legal producer and compliance reporting responsibilities, but how can you more efficiently manage them so you don’t lose focus on your core business?

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