Taxonomy: Shipping

AIT Worldwide Logistics buys ConneXion World Cargo

Head of the Illinois-headquartered supply chain solutions provider says the deal fulfills a long-term goal of expanding in the U.K.

AIT Worldwide Logistics buys ConneXion World Cargo

Head of the Illinois-headquartered supply chain solutions provider says the deal fulfills a long-term goal of expanding in the U.K.

AIT Worldwide Logistics buys ConneXion World Cargo

Head of the Illinois-headquartered supply chain solutions provider says the deal fulfills a long-term goal of expanding in the U.K.

 
   AIT Worldwide Logistics announced the expansion of its global footprint with the acquisition of ConneXion World Cargo, a freight forwarder headquartered in London with five additional locations in Asia, Europe and Canada. The agreement was finalized Nov. 30.
   According to AIT President and CEO Vaughn Moore, the acquisition of ConneXion fulfills a long-term goal for the company to establish a greater presence in the United Kingdom.
   “AIT has many customers in the U.K. with consistently high cargo volume, and the company’s aspiration to expand there has intensified in recent years,” Moore said. “This acquisition also reinforces AIT customers’ supply chains in the U.K. with robust local expertise, particularly when it comes to licensing and customs connections.
   “Adding the ConneXion group to our global team will help mitigate any uncertainty our customers with business in the U.K. may have with respect to the forthcoming Brexit milestones,” he said.
   The newly acquired company’s six locations will be overseen by Greg Weigel, AIT’s executive vice president of global operations.

   Terms of the deal were not disclosed.
We were gratified to hear President Trump reaffirm his commitment to confronting predatory trade. We look forward to working with his administration on further trade remedies, including the use of reciprocal tariffs.
APL -- CMA CGM/CNC Line - CHXCNC has replaced the vessel Warnow Perch with the CMA CGM Bangkok, which has increased the service capacity by 120 TEUs or 12 percent.
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AIT Worldwide Logistics buys ConneXion World Cargo

Head of the Illinois-headquartered supply chain solutions provider says the deal fulfills a long-term goal of expanding in the U.K.

on Dec 27, 2018Dec 5, 2018

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AIT Worldwide Logistics buys ConneXion World Cargo

Head of the Illinois-headquartered supply chain solutions provider says the deal fulfills a long-term goal of expanding in the U.K.

on Dec 27, 2018Dec 5, 2018