Purolator International, which specializes in U.S.-Canadian logistics, will add locations in Columbus, Ohio; Newark, N.J.; and Phoenix during the first quarter of the year, after opening seven U.S. locations in 2012.
The company is trying to tap into the significant trade activity between the United States and Canada. Nearly 20 percent of U.S. exports went to Canada in 2011, and total trade between the countries accounted for more than $680 billion in 2011, according to a company release.
Purolator seems to be most concerned with how near-shoring will affect this trade activity moving forward. In the press release, the company pointed to research by AlixPartners that found 42 percent of executives are considering near-shoring within the next three years or have already engaged in the practice.
“Purolator’s growth comes at a time when U.S. business is increasingly looking to Canada as a source of new customers and economic opportunity,” Purolator’s John Sweeney said in a statement. “Near-shoring… brings outstanding opportunities to Purolator. No other logistics company has the commitment, the resources and the expertise in the Canadian market as Purolator does." - Jon Ross