April 13, 2021

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Werner sells off freight forwarding arm to concentrate on North American logistics business enterprise | 2021-01-27

Transportation and logistics organization Werner Enterprises Inc. will offer off its freight forwarding arm to to Scan World Logistics Group (SGL), expressing the shift will allow it to emphasis on its North American logistics capabilities, the company said currently.

Regarded as Werner World wide Logistics (WGL), the division presents freight forwarding companies for intercontinental ocean and air shipments to consumers with international freight forwarding functions primarily in the U.S., China, and Mexico.

Terms of the deal have been not disclosed. WGL’s freight forwarding services for global ocean and air shipments created $53 million of earnings in fiscal yr 2020.

Denmark-centered SGL has its U.S. headquarters in Seattle and presents worldwide freight-forwarding products and services around the globe principally by air and sea, with supporting IT, logistics, warehousing, and road products and services.

According to Werner, present-day WGL clients will gain from SGL’s community of above 115 destinations throughout the world, their fashionable transportation administration technology, world-wide multi-channel company choices, and means to deliver area and intercontinental methods in new trade lanes across the Asian Pacific, European, Center-Jap, and Latin American marketplaces.

Following the offer, Omaha, Nebraska-primarily based Werner will carry on to give North American truck brokerage, freight management, intermodal, and closing mile services. As aspect of the deal, Werner also entered into an arrangement with SGL to offer you extensive global logistics solutions to its current and long run North American consumers.

“Innovative options in logistics has been our aim for around three decades,” SGL’s North American COO – Global, Julien Ranzato, said in a release. “Werner’s founded culture, management, network, and core values are a great healthy for us, and we look forward to continuing and expanding our marriage with Werner on intercontinental and domestic small business chances that will outcome from this strategic partnership.”