C.H. Robinson purchases The Space Cargo Group

The Spanish freight forwarder will be integrated into global forwarding division and technology platform following the approximately $48 million cash purchase.

C.H. Robinson purchases The Space Cargo Group

The Spanish freight forwarder will be integrated into global forwarding division and technology platform following the approximately $48 million cash purchase.

C.H. Robinson purchases The Space Cargo Group

The Spanish freight forwarder will be integrated into global forwarding division and technology platform following the approximately $48 million cash purchase.

 
C.H. Robinson Worldwide Inc. announced Friday it had purchased Spanish freight forwarder The Space Cargo Group for approximately $48 million in cash.
    Space Cargo, headquartered in Madrid, will be integrated into C.H. Robinson’s global forwarding division and single global technology platform, Navisphere, according to a press release.
    Space Cargo, an ocean and air freight forwarding provider, has more than 2,500 active customers with seven offices in Spain and one in Colombia. It ended its fiscal year with about $84 million in gross revenues.
    “We look forward to working with Space Cargo’s customers to offer our full suite of logistics services to enhance their supply chains,” said Bob Biersterfeld, COO and CEO-elect of C.H. Robinson. “Space Cargo’s leadership, expertise and strong customer and carrier relationships, combined with C.H. Robinson’s global service offerings and network, will also create more robust capabilities for our customers and add scale to our business.”
    C.H. Robinson’s global forwarding business currently serves five continents and 32 countries, according to the release.
"USMCA is [the National Corn Growers Association's] top legislative priority for 2019 and we will be working closely with the administration and members of Congress to get it ratified."

Spot container rates from Shanghai to the U.S. West Coast totaled $1,345 per FEU as of March 15, while rates from Shanghai to the U.S. East Coast stood at $2,357 per FEU, with rates on both trades falling each week since the Jan. 18 reading, according to data from the Shanghai Containerized Freight Index.

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C.H. Robinson purchases The Space Cargo Group

The Spanish freight forwarder will be integrated into global forwarding division and technology platform following the approximately $48 million cash purchase.

Mar 01, 2019 on Dec 27, 2018AmericanShipper.com

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C.H. Robinson purchases The Space Cargo Group

The Spanish freight forwarder will be integrated into global forwarding division and technology platform following the approximately $48 million cash purchase.

Mar 01, 2019 on Dec 27, 2018AmericanShipper.com