Inside Logistics

Done deals: February 11, 2021

Contracts, mergers, acquisitions and big deals in the supply chain sector this week


February 11, 2021
by

Titanium Transportation Group

Titanium Transportation Group Inc. has acquired International Truckload Services Group (ITS). Founded in 1986, and based in Belleville, Ontario, ITS is Canada’s 22nd largest carrier, according to the Today’s Trucking Top 100 ranking. The company provides logistics and truckload solutions to a customer base in southern Ontario, Quebec and the United States, with a focus on food products, industrial commodities and general freight. ITS generates approximately $80 million in annualized revenue, operating over 330 power units and 1,600 trailers, led by a team of 470 employees and owner-operators. Titanium has acquired all the shares of ITS for considerations of approximately $60.5 million.

CEVA Logistics

CEVA Logistics has acquired ASTI Group in Morocco. The two companies have been partners for more than two decades and have delivered a range of multi-modal services to customers across the North African country. The acquisition will strengthen CEVA Logistics’s range of export capabilities, specifically reefer services – in cooperation with its parent company the CMA CGM Group, and contract logistics activities in both Casablanca and the Tangiers Free Zone. The new operation will be targetting the automotive industry. ASTI is already a top 10 logistics player in Morocco, with almost 100 full-time staff members at two locations which offer air, ocean, ground (domestic and international), project logistics and Customs clearance services.

Old Dominion

Old Dominion Freight Line, Inc. is adding or upgrading nine service centres in the U.S. The new facilities bring the count to 245. The less-than-truckload (LTL) carrier’s new or improved facilities include Brooklyn, N.Y., Edinburgh, Ind., Grand Island, Neb., Louisville, Ky., Mansfield, Ohio, McDonough, Ga., Mesa, Ariz., Milton, Pa. and Olympia, Wash.

Urban Outfitters

Urban Outfitters, Inc., which operates a portfolio of global consumer brands comprising Anthropologie, BHLDN, Free People, Terrain, Urban Outfitters, Nuuly and a Food and Beverage division, has chosen TGW to design and implement an automation solution for a new fulfillment centre in Kansas City, Kansas. The project is due to go live in 2023. The design for the Kansas City DC builds on a pilot program between the two companies in the UK (Urban Outfitters Automated Warehouse in the UK). TGW’s Flashpick System Smart piece picking system for order fulfillment is the core technology. The collaborative effort between the companies in the US and UK means that regardless of the channel (retail or digital), the operational processes remain the same and operational training for associates and maintenance support is simplified globally.