Kuehne + Nagel announced today that it entered into an agreement to take over the book of business of Perishables International Transportation Inc., Vancouver, Canada.
The acquisition is another step in implementing Kuehne + Nagel’s
strategy to expand its activities in the field of perishables logistics
Established in 1991, Perishables International Transportation (PIT) is an
independent freight forwarder, specialising in handling and transportation
of fresh and frozen perishable goods. Its location at the cargo area of
Vancouver International Airport provides access to all major airlines
allowing for later cutoffs and shorter transit times for products such as
fruits, vegetables and seafood. PIT, with its small but highly capable
team, is considered to be the leading player in the perishables logistics
segment in British Columbia.
"Following the general expansion of our perishables logistics business
in Australia, Europe and South America, the acquisition of Perishables
International Transportation allows us to grow these activities in North
America," said Tim Scharwath, Executive Vice President Air Logistics,
Kuehne + Nagel International AG. "The timing of this transaction ahead
of the peak season is ideal and will also strengthen our position in the
Canadian airfreight market."