UPS completes purchase of Menlo Worldwide Forwarding

UPS has completed its purchase of Menlo Worldwide Forwarding, Inc., formerly a subsidiary of CNF Inc. that will see Menlo Worldwide Forwarding services soon sold under the UPS brand.

“Menlo Worldwide Forwarding’s capabilities complement UPS’s ability to manage customers’ shipments of any size, anywhere and in virtually any time frame,” said Bob Stoffel, UPS senior vice president, Supply Chain Group.

Menlo Worldwide Forwarding provides a suite of heavy air freight forwarding services, ocean services and international trade management. The acquisition strengthens UPS’s ability to provide a broad array of global supply chain solutions, adding guaranteed U.S. and worldwide heavy air freight services to its portfolio, says the company.

UPS also can provide additional freight services and a range of time-definite products such as overnight, two-day and deferred heavy air freight across the globe.

The purchase price was $150 million in cash and the assumption of approximately $110 million in long-term debt.