• ITVI.USA
    15,913.180
    -35.240
    -0.2%
  • OTLT.USA
    2.793
    -0.005
    -0.2%
  • OTRI.USA
    22.300
    0.290
    1.3%
  • OTVI.USA
    15,900.990
    -35.610
    -0.2%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
  • ITVI.USA
    15,913.180
    -35.240
    -0.2%
  • OTLT.USA
    2.793
    -0.005
    -0.2%
  • OTRI.USA
    22.300
    0.290
    1.3%
  • OTVI.USA
    15,900.990
    -35.610
    -0.2%
  • TSTOPVRPM.ATLPHL
    2.950
    -0.570
    -16.2%
  • TSTOPVRPM.CHIATL
    3.610
    0.650
    22%
  • TSTOPVRPM.DALLAX
    1.370
    -0.240
    -14.9%
  • TSTOPVRPM.LAXDAL
    3.550
    0.210
    6.3%
  • TSTOPVRPM.PHLCHI
    2.320
    0.220
    10.5%
  • TSTOPVRPM.LAXSEA
    4.110
    0.250
    6.5%
  • WAIT.USA
    126.000
    0.000
    0%
BusinessFinanceNews

AIT continues expansion strategy with Intelligent Logistics, Spur Freight acquisition

Companies’ customer service culture drives acquisition

After a number of strategic acquisitions in 2020, AIT Worldwide Logistics continues with another year of purchases to expand its facilities and supply chain services.

AIT announced Tuesday it has acquired Austin, Texas-based Intelligent Logistics, including the assets under its trucking brand Spur Freight, for an undisclosed amount, to expand its asset footprint into central Texas.

That follows last year’s acquisition by the global logistics firm of final-mile and white-glove specialist Panther Logistics and German freight forwarder Fiege to grow AIT’s international footprint. 

This year, after recapitalizing with The Jordan Co., the logistics company acquired Multimodal International Ltd. to strengthen its customs brokerage services, specifically within industrial sectors like automotive, electronics and chemicals.

Related article: Freight forwarder AIT Worldwide makes equity partner move

“That area of Texas is very strong for us and we didn’t have a physical presence there,” AIT Chief Information Officer Ray Fennelly said of the Intelligent Logistics acquisition in an interview with FreightWaves.

“Their locations bring us over 140,000 square feet of usable transportation space and their [trucking assets]. … It gives us definite wheels on the ground and a full-fledged freight forwarding operation.”

Fennelly explained that while Intelligent’s assets under management were important to growing AIT’s presence in this region, what caught AIT’s attention was the acquired companies’  reputation for excellent customer service and the culture Intelligent had built to perform at that level.

“There was an immediate synergy,” he said. “A lot of times we focus on acquisitions for geography or vertical market expertise, but in this case their culture was a big part of it. I think if you have good people, you have a good experience with your customers and a good experience with your vendors. … You can’t do our job without great relationships with airlines, steamship lines and the trucking companies that work for us.”

Intelligent Logistics teammates at the Austin location celebrating joining the AIT network. (Photo: AIT Worldwide Logistics)

That dedication to customer service has enabled Intelligent Logistics to build strong niche relationships in airfreight, e-commerce and reverse logistics for sectors like food and beverage, automotive and manufacturing.

“We can help them with our purchasing power and we are getting this great, local expertise and lifting our game in a more comprehensive way,” Fennelly said.

The CIO said this is not the end of AIT’s acquisition strategy as it continues to build its services in what he calls the “AIT triangle.”

“We are focused heavily on that triangle, in services between Europe, North America and Asia,” Fennelly said. “Those are very strong markets for us and those are areas we are looking forward to expanding [our services].”

You may also like:

AIT Worldwide buys customs broker Multimodal International

AIT Worldwide Logistics buys German forwarder Fiege

Looking ahead to Q4 ー Transmission

Grace Sharkey

Grace is an entrepreneur and former supply chain executive who has held positions in sales, operations, and consulting. She is passionate about the future of the industry and how technology can improve the experience for all supply chain members. She believes supply chain is the one industry that affects every human directly, and is looking forward to creating content that mirrors that sentiment. If you have a story to share, please contact me at gsharkey@freightwaves.com.

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