NFI Expands Supply Chain Services with IPD Global
In a press release yesterday, NFI, a supply chain management provider, announced the purchase of IPD Global, Inc., an international transportation company based in Mississauga, Canada, that specializes in perishable goods transportation and intermodal brokerage.
“This acquisition will allow us to provide our current and new customers with even greater access to reliable and efficient perishable shipping routes across North America. As one of the largest perishable-oriented 3PLs in Canada and a CN wholesaler, IPD has a strong relationship with that country’s national railroad, which will be a great asset to NFI’s Intermodal division.” said Sid Brown, Chief Executive Officer of NFI.
IPD President Rob Rusnov added, “As part of NFI, we will now be able to provide even more customers with the nonstop door-to-door service on which our clients have come to rely, without any breaks in the supply chain. IPD shares NFI’s commitment to excellent performance, strong management and dependable ‘Just in Time’ customer service.”
“IPD’s non-asset based transport services, specializing in inbound and cross-border routes, offers a perfect complement to NFI, with its strengths in outbound transport and dedicated fleets, and its widespread distribution and warehousing network. Our logistics and transportation brokerage services will further enhance NFI’s already wide range of offerings,” said Rusnov. “Now all of our clients and potential clients on both sides of the border will have access to our combined expertise.”
Last financial year, NFI’s gross revenue was roughly $50 million. With this expansion, among other recent acquisitions and developments, the supply chain management company’s executives expect annual revenue for 2010 to reach $900 million.
NFI is a fully integrated supply chain management solutions company that offers logistics, distribution, transportation, intermodal, and real estate services across the United States. The company has over 5,500 employees and operates over 18 million square feet of warehouse and distribution space.
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