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Redwood Logistics expands customer base and geographical reach with acquisition of Rockfarm Supply Chain Solutions.
Chicago-based Redwood Logistics announced its acquisition of Rockfarm Supply Chain Solutions, significantly increasing Redwood's geographical reach and customer base. The deal is expected to boost Redwood's presence in the Upper Midwest and Northern Plains, where Rockfarm has a solid footprint. Additionally, Rockfarm brings to the table international freight forwarding, trade compliance, and customs brokerage capabilities, enhancing Redwood's current services.
Integration and Growth
Following the acquisition, Redwood's total freight under management across its 3PL and 4PL services is set to reach $5.5 billion. Rockfarm will operate as an independent entity initially but will eventually be integrated into Redwood. The key leadership, management teams, and ownership of Rockfarm will transition to become Redwood employees, with Rockfarm's Dubuque operations center continuing as a Redwood logistics center.
Source: FreightWaves
Redwood Logistics said it has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics, a move that Redwoodâs CEO said will enhance the companyâs geographic scope and add a strong customer base for its âmodern 4PLâ services. https://t.co/rZFd2sLE6p
— FreightWaves (@FreightWaves) July 11, 2023
Here is another round-up of the most engaging and talked-about freight content from around the web and from us.
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