[photopress:logistics_cosa_freight_1.jpg,full,alignright]Agility, which was formerly PWC Logistics, and is effectively a world-wide company, has signed a conditional agreement to acquire Cosa Freight. The deal is expected to be finalized in the coming weeks.
Cosa Freight is a full service ocean freight forwarder with 200 employees in six China-based locations, and it also has offices in Hong Kong, the United States, and Canada. The illustration shows part of its attractively designed bonded warehouse.
Agility said in a statement it has a full range of services for the retail sector, including origin consolidation and upstream inventory management programs in China and warehousing, trans-loading, and delivery in the U.S.
Agility added that this acquisition will further strengthen Agility’s network capability in China and increase the range of services in major trading and manufacturing centers throughout China.
Agility Vice President of Marketing Jerry Levy said, ‘On the origin cargo management side, one of the things Cosa Freight brings to Agility is their strength in China. We think this acquisition is a natural fit and will put us in a very strengthened competitive position in North America, as we are now going to be able to offer origin cargo services in more areas of China.’
Source: Logistics Management