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AIT Worldwide Logistics acquiring final mile 3PL Select Express & Logistics

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AIT Worldwide Logistics acquiring final mile 3PL Select Express & Logistics. Image: AIT Worldwide Logistics
AIT Worldwide Logistics acquiring final mile 3PL Select Express & Logistics. Image: AIT Worldwide Logistics
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Global supply chain solutions leader AIT Worldwide Logistics has reached an agreement to acquire New York City-based Select Express & Logistics, a leading 3PL arranging final mile delivery and assembly services for big and bulky consumer and commercial goods, including furniture, fitness equipment, home electronics, outdoor appliances and accessories, and more.

With nearly 400 teammates in 60 locations—13 offices supported by 47 cross-dock facilities across the United States—Select administers the delivery of more than 1.7 million shipments per year by harnessing an elite network of 1,200-plus carriers. The 3PL also boasts one of the largest networks of assembly technicians in the United States for both fitness equipment and outdoor structures, performing over 600,000 assembly and repair jobs annually.

Ninety percent of deliveries managed by Select are completed using mobile app technology, which provides their customers with real-time visibility and proof of delivery. Likewise, Select’s technology allows retailers to offer delivery appointment scheduling at the point of sale, providing a seamless experience that reduces buyer’s remorse.

The complementary integration of AIT’s robust global freight forwarding operations with Select’s expansive final mile service will create a seamless first, middle and final mile solution in the United States. Access to final mile capacity and complex assembly teams will dramatically expand for AIT customers while Select customers will be connected with AIT’s global freight forwarding expertise. With the acquisition of Select, AIT will represent a single point of access for importing heavy, bulky goods into the United States, providing nationwide forward stocking, and ultimately delivering omnichannel final mile service direct to consumers from customers’ distribution centers, drop shippers or brick-and-mortar stores.

In an era with capacity being the foremost challenge for global supply chains, Select’s access to more than 1,100 driver teams operating both dedicated and on-demand equipment will minimize capacity constraints and alleviate pressure on final mile delivery times for AIT customers.

“We are delighted to welcome the Select team to AIT. Customers with omnichannel distribution initiatives will benefit from our new unified solution that provides a truly global glass pipeline when importing goods from overseas to be delivered and assembled in consumers’ homes and commercial businesses,” said AIT President and CEO, Vaughn Moore. “Most importantly, Select’s culture—especially the way they value their teammates and treat their clients—is a great fit. Confirming these shared core values is a prerequisite before AIT will even consider a company for acquisition.”

Select Express & Logistics Chief Executive Officer, Jay Waldman, said, “On behalf of our entire team, we are thrilled and honored to join forces with AIT. For 20 years, Select has been providing our customers with the highest level of final mile delivery and assembly services for big and bulky goods. Combining our final mile expertise with AIT’s global freight capabilities will enable us to better serve our customers by managing the movement of product from the factory floor to consumers’ homes.”

AIT Worldwide Logistics’ acquisition of Select Express & Logistics is expected to close December 17, 2021. It will be the third acquisition for AIT in 2021, following previous deals to purchase customs broker Multimodal International and freight forwarder Intelligent Logistics. Terms of the agreement have not been disclosed.

Stifel acted as financial advisor to AIT on the transaction. Kirkland & Ellis LLP served as legal counsel to AIT. The Transportation & Logistics Investment Banking Group of Raymond James & Associates, Inc. served as financial advisor to Select. Norton Rose Fulbright U.S. LLP served as legal counsel to Select.

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eezyimport DIY Platform expands scope with eezy Freight

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eezyimport DIY Platform expands scope with eezy Freight. Image: Pexels
eezyimport DIY Platform expands scope with eezy Freight. Image: Pexels
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U.S.-Israeli freight tech company eezyimport is excited to announce eezy Freight – an International LCL digital shipping service connecting global shippers with leading ocean carrier services to ensure efficient consolidations and space-sharing without lead time delays.

This new intuitive, online service incorporates the company’s accumulated knowledge and expertise in simplifying supply chain logistics for SMBs. Eezy Freight provides a worry-free, economical approach for scheduling inbound U.S. LCL shipments that’s simple and easy-to-use.

Eezy Freight LCL global services are currently available from China, India, and Israel to the US. Additional services from Italy, Spain, Turkey, and Germany will be announced in the near future.

Eezy Freight offers U.S. shipper customers an additional benefit – the option to integrate their U.S. customs documents with their freight bookings. Customers can quickly create their ISF and Customs Entry Summary through the eezyimport platform. Once the freight is booked, the platform easily accesses these shipment details for customs documentation, which eliminates the need to fill-out forms twice.

According to Asaf Fridenson, eezyimport founder and CEO, “eezy Freight’s global LCL services expand our commitment to helping smaller volume shippers succeed in an increasingly competitive landscape. We welcome all global SMB LCL shippers that cannot fill a container so benefit from sharing space with other businesses in the same situation. By giving customers competitive rates, control and transparency, as well as top-notch service, we help support their business’ success.”

About eezyimport

eezyimport is an online platform that empowers small and medium-sized importers to handle their customs filing requirements easily. The company became the first to offer such an online DIY solution for this segment. Its newly launched service, eezy Freight, further removes obstacles to growth and leaves more cash in customers’ pockets, accelerating their success.

eezyimport, and now eezy Freight, continue to simplify complex freight management processes with innovative technology and a passion for creative problem-solving.

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PSA International completes acquisition of BDP International

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PSA International completes acquisition of BDP International. Image: Pexels
PSA International completes acquisition of BDP International. Image: Pexels
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PSA International Pte Ltd, a leading global port group and trusted partner to cargo stakeholders, announced that it has completed its acquisition of 100% of the shares of BDP International, Inc., a leading provider of globally integrated supply chain, transportation and logistics solutions, from New York-based private equity firm Greenbriar Equity Group, L.P. This follows the receipt of formal approvals from relevant authorities required by the merger agreement, initially announced in December 2021.

Together, PSA and BDP will extend their logistics ecosystem with solutions that focus on supply chain orchestration and cargo flow optimization. In a climate where end-to-end supply chain visibility and resilience are critical, the acquisition of BDP adds strength and depth to PSA’s logistics and supply chain offerings beyond the port. At the same time, customers of BDP will benefit from additional insights and connectivity to PSA’s global network of deepsea, rail and inland terminals, as well as affiliated businesses in distriparks, warehouses and marine services.

Tan Chong Meng, Group CEO of PSA International, said, “I am pleased to welcome BDP’s over 5,000 talented employees into the PSA family. Leveraging our complementary capabilities and footprints, we envision a future that will bring out the best of both BDP and PSA, unlocking greater value for cargo owners, creating new opportunities for business growth, and enabling fresh innovations for more agile, resilient, and sustainable supply chains.”

Mike Andaloro, Chief Executive Officer and President of BDP International said, “BDP is thrilled to join the PSA team. We look forward to co-authoring the next chapter in our combined growth story.” He continued, “This transformative acquisition presents us with the unique opportunity to re-imagine supply chain solutions by combining the strengths of our asset-light solutions model with PSA’s impressive global infrastructure. We look forward to working alongside the talented team at PSA to innovate new, resilient solutions for our customers.”

Credit Suisse served as sole financial advisor to PSA, while Shearman & Sterling LLP acted as legal advisor to PSA.

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CEVA Logistics, Kodiak Robotics launch autonomous freight deliveries; complete first ever autonomous trucking delivery in Oklahoma

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CEVA Logistics, Kodiak Robotics launch autonomous freight deliveries; complete first ever autonomous trucking delivery in Oklahoma. Image: CEVA Logistics
CEVA Logistics, Kodiak Robotics launch autonomous freight deliveries; complete first ever autonomous trucking delivery in Oklahoma. Image: CEVA Logistics
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CEVA Logistics, a global leader in third-party logistics, announced it has teamed up with Kodiak Robotics, Inc., a leading self-driving trucking company, to deliver freight autonomously between Dallas Fort-Worth and Austin; and Dallas-Fort Worth and Oklahoma City. Through this partnership, Kodiak and CEVA have become the first-ever companies to deliver freight autonomously in the state of Oklahoma. This partnership is a critical step towards the companies’ long-term goal of integrating Kodiak’s technology into CEVA’s North American truck fleet.

“CEVA is committed to working alongside leading automation and robotics suppliers – like Kodiak with its proven autonomy technologies – to unlock value for our customers’ supply chain operations,” says Shawn Stewart, President & Managing Director, North America, CEVA Logistics. “At CEVA, we define innovation as the implementation of new ideas with business impact, and our partnership with Kodiak will deliver more business value to our customers, especially in light of the current supply chain crisis and the ongoing driver shortage.”

CEVA delivered its first load with Kodiak in November 2021 and is moving goods weekly on the 200 mile freight lane between Dallas-Fort Worth and Austin, Texas. The companies expanded the partnership in February 2022 with a new route between Dallas-Fort Worth and Oklahoma City on the freight-rich Interstate 35 corridor. This route runs 200 miles between a CEVA facility in Dallas and the delivery point in Oklahoma City. On both routes, a Kodiak autonomous tractor pulls a CEVA trailer filled with consumer products.

In addition to these two lanes in connection with CEVA, Kodiak Robotics has been delivering freight daily between Dallas-Fort Worth and Houston since mid-2019. Since mid-2021, Kodiak Robotics has also been delivering freight weekly between Dallas-Fort Worth and San Antonio.

“CEVA is at the forefront of global logistics innovation and has recognized early on that the trucking industry will see the first widespread adoption of self-driving technology,” said Don Burnette, Founder and CEO, Kodiak. “Kodiak and CEVA are focused on serving Dallas-Fort Worth, Austin, and Oklahoma City, because they cover some of the richest freight corridors in the U.S. As Americans grapple with pandemic-related supply-chain issues and the long-term truck driver shortage, CEVA is leading the industry in adopting new technology that will benefit its customers.”

As a global leader in third-party logistics, CEVA has vast experience in integrating automation and robotics into both its contract logistics and freight management operations. The company has a consistent approach to technology integration to keep customer success at the forefront of every decision. With more than 2,449 drivers in its North American fleet, CEVA is committed to the benefits of autonomous technology to alleviate the strain on its existing workforce.

Kodiak is developing the Kodiak Driver, the company’s self-driving technology, to make trucking safer and more efficient. The Kodiak Driver, which is purpose-built for long-haul trucks, incorporates Luminar’s Iris LiDAR, ZF Full Range Radar, Hesai 360-degree scanning LiDARs, as well as a range of cameras to capture and process hundreds of megabytes of perception data each second. These sensors allow the truck to “see” long-range and all around the vehicle in a wide variety of weather conditions. This enables safe operation at highway speeds. Kodiak’s self-driving technology will improve road safety for everyone, ultimately saving lives, increasing network efficiency, reducing costs and emissions, and enhancing truck drivers’ quality of life.

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