Jersey City, NJ, August 4, 2015 - The Kuehne + Nagel Group has completed the agreement to acquire 100 per cent of the shares of ReTrans Inc., a U.S. based leading provider of multimodal transportation management solutions. The acquisition builds on Kuehne + Nagel’s growth strategy and commitment to offer tailored logistics solutions to its customers in North America.
The ReTrans business model is entirely complementary to that of Kuehne + Nagel with its range of domestic transportation solutions, including a proven Intermodal offering. As one of the leading nationwide Intermodal Marketing Companies (IMCs), ReTrans provides Kuehne + Nagel with direct access to the Railroads.
John Hextall, Kuehne + Nagel’s President & CEO, North America, states: “We are excited at the prospects of integrating ReTrans into our North America region (Canada, USA and Mexico). The capabilities and service offerings of ReTrans will complement our existing business portfolio in Seafreight, Airfreight, Contract Logistics and Overland. Our customers will enjoy a broader range of domestic services to enable end-to-end transportation and supply chain solutions. The excellent cultural fit between the two organizations will help to facilitate the growth we envisage.”
David Wedaman, Chief Executive Officer, ReTrans, Inc. added: “ReTrans will join a larger family at Kuehne + Nagel and its customers will definitely benefit from the strength and depth of the global network and forwarding and logistics capabilities. ReTrans is an organization that has built its exceptional reputation on tailoring solutions for our customers, and providing a very high level of service to them. We will now have many more solutions to offer our customers.”
About Kuehne + Nagel
With over 63,000 employees at more than 1000 locations in over 100 countries, the Kuehne + Nagel Group is one of the world's leading logistics companies. Its strong market position lies in the seafreight, airfreight, contract logistics and overland businesses, with a clear focus on providing IT-based integrated logistics solutions. Further information can be found at www.kn-portal.com
Founded in 2002, with headquarters in Memphis, TN, ReTrans ranks among the leading U.S. non-asset brokerage providers of intermodal transportation, as well as full and less-than-truckload (FTL and LTL) services in the United States and Canada. With more than 300 employees the company operates in 68 locations and generates annual revenues exceeding USD 500 million.