OIA acquires American Cargo Express as it looks to Canada

Supply chain firm OIA Global has swooped on freight forwarder American Cargo Express (ACE) as it looks to expand its footprint into Canada.
Terms of the acquisition of the New Jersey-based forwarder were not disclosed, but OIA said that the company’s Toronto office would add another country to its network.
OIA Global chief executive Charlie Hornecker said: "We value ACE’s nearly 30-year commitment to providing quality freight forwarding, warehousing, fulfillment, as well as its inventory and trade management services to its customers.
“Joining forces with ACE expands OIA’s footprint into the highly competitive Canadian market of Toronto, and adds to our global network of locations which includes countries in Europe, Asia, and South America.
“Canada will mark the 27th country in which OIA Global operates and we will continue to explore these types of acquisitions in the future, provided they are strategic to our business, help grow our brand, expand our network and create value for our customers."

Share this story

Related Topics

Latest americas news

FedEx profits improve as cost cutting takes effect

FedEx saw its profits improve in the third quarter of its fiscal year despite revenues coming under pressure due to…

Read More

Share this story

Big three US airlines again delay resumption of further China flights

The three largest US airlines are pushing back until at least late October the resumption of many flights to China…

Read More

Share this story

FarCargo gets ready to launch first transatlantic air cargo route

Faroe Islands-based carrier FarCargo will launch its first transatlantic air cargo route for salmon shipments on March 5. The planned…

Read More

Share this story

Air Cargo News

Air Cargo News
Established in 1983, Air Cargo News is the leading source of news, information, interviews, analyses and reports to the global airfreight industry. Our leading portfolio includes print, digital and events that give businesses in the airfreight industry the ability to connect with decision-makers in this sector.