Maersk completes $1.7bn Pilot Freight Services acquisition
The acquisition of the US-based logistics company was announced in February 2022 and is part of a wider trend of container lines expanding their reach further across supply chains. Pilot is headquarted in Pennsylvania in the US, and is a last and full mile logistics provider with 87 North America locations and international offices. The company specialises in big and bulky non-conveyable business to consumer deliveries over 70kg, high value B2B shipments and time sensitive cargoes.
“Our customers are looking for us to accelerate their supply chain speed, remove handoffs and constantly improve their end-to-end, omni-channel business model to reach their financial growth goals. Pilot’s expertise and existing infrastructure enables us to achieve these goals by creating more agile, nimble supply chains to serve customers the way they want to be served,” said Narin Phol, Regional Managing Director of Maersk North America. The acquisition brings the tally of Maersk facilities in North America to 87 stations and hubs.
Related: Maersk setting up cargo airline “Teaming up with an industry leader like Maersk is a natural fit and will enable our company to tap into significant, new future growth opportunities for our customers and employees.
We like Maersk’s continuous improvement mindset and active investment pattern in expanding supply chain solutions so we’re excited to work together in our expanded role,” said Pilot Freight Services CEO, Zach Pollock. Maersk said its North America customers will further benefit from its expansion in the region later this year, as transatlantic air freight cargo capacity will be boosted by the acquisitionGermany-based Senator International is completed in Q2, pending approvals. A.P.
Moller – Maersk is an integrated container logistics company working to connect and simplify its customers’ supply chains.
As the global leader in shipping services, the company operates in 130 countries and employs approximately 95,000 people.
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