WORLDPOINT LOGISTICS ACQUIRES EXPEDITED

WORLDPOINT LOGISTICS ACQUIRES EXPEDITED
    Seattle-based logistics holding company WorldPoint Logistics has acquires the assets and business of Corporate Express Delivery Systems – Expedited Inc. Terms of the deal were not disclosed.
    "We targeted Expedited because it serves a unique niche and network in the rapidly growing and expanding time-definite air-ground service segment," said Jack Edwards, president and chief executive officer of WorldPoint.
    Expedited, with annual sales of about $75 million, provides expedited air-ground linehaul, manufacturing support, on-demand transportation and pickup and delivery service. The company has 36 service centers throughout the central and southeastern United States. It uses a mixture of owned and leased trucks, trailers and vans, as well as owner-operators.
    Expedited serves domestic and international forwarders, airlines, integrators and shippers.
    It is the fourth acquisition for WorldPoint and equity capital partner Brentwood Associates since WorldPoint was formed in October 1998. Previous acquisitions were U.S. Shippers, an Edmonds, Wash.-based intermodal marketing/truck brokerage company; Alpha International and Valley Stream, N.Y.-based broker and forwarder; and President Container Lines Ltd., an Elizabeth, N.J.-based ocean forwarder.