Friday, January 3, 2020

NFI Expands Supply Chain Logistics Operations in Southeast

by John Jordan Globest.com
Locally-based supply chain solutions provider NFI reports it has completed the acquisition of G&P Trucking Company, Inc. of Columbus, SC adding 14 locations to its Southeast operations.

The addition of G&P increases NFI’s footprint to more than 300 locations throughout North America, employing more than 12,600 associates. The purchase of G&P further deepens NFI’s industry expertise throughout diverse industries such as automotive, tires, retail and textiles.
No financial terms of the transaction were reported.

G&P’s asset-based transportation solutions include dedicated, regional, long haul, and Mexico border crossing. With G&P’s 370 tractors and 3,000 trailers, NFI’s asset-based transportation fleet will grow to more than 3,000 tractors and 12,500 trailers. With the addition of G&P, NFI’s asset-based fleet will be operated by 2,700 company drivers and utilize the services of 400 owner operators.
Operating at the ports of Savannah, Norfolk, and Charleston, G&P will expand NFI’s drayage presence in those ports. With the addition of G&P’s 120 owner operator partnerships, NFI’s drayage fleet will grow to more than 1,500 tractors. NFI’s expansive drayage presence spans major ports, terminals, and logistics hubs across the US. The acquisition will also enhance NFI’s brokerage service offerings.

“G&P is a well-respected, family-owned transportation company with a deep-rooted history, and our shared values of family and integrity create a perfect cultural fit,” said Sid Brown, CEO of NFI. “Unifying the talents of both NFI and G&P teams, we are excited to bring even greater value to our customers through our robust suite of solutions. Together, our combined footprint will distinguish us as one of the largest dedicated transportation providers in North America.”

NFI, which is headquartered in Camden, NJ is a privately held company owned by the Brown family since its inception in 1932, NFI generates more than $2 billion in annual revenue and employs more than 12,600 associates. NFI owns facilities globally and operates approximately 50 million square feet of warehouse and distribution space. Its dedicated fleet consists of over 3,000 tractors and 12,500 trailers operated by 2,700 company drivers and leveraging partnerships with 400 owner operators. NFI has a significant drayage presence at nearly every major U.S. port, leveraging the services of an additional 1,500 owner operators. The company’s business lines include dedicated transportation, distribution, brokerage, transportation management, port drayage, intermodal, global logistics, and real estate.

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