WFS acquires US cargo handler Pinnacle Logistics

WFS acquires US cargo handler Pinnacle Logistics 

Worldwide Flight Services (WFS) has acquired IAS Logistics DFW, LLC (also known as Pinnacle Logistics), a leading provider of cargo handling services in the United States. The companies have not disclosed the financial details yet. 

Pinnacle Logistics is headquartered in Fort Worth, Texas, The United States, strengthening WFS’s cargo handling platform in the States. The company is focussed on specialist express cargo handling for e-commerce customers. 

WFS is also handling cargo in London, Liege, Amsterdam, France, Japan, Spain and more. 

Michael Simpson, WFS’s EVP Americas, commented, “The acquisition of Pinnacle Logistics enhances our core cargo and express cargo handling value proposition to customers, and Pinnacle’s established trucking logistics business further expands our service offering. Pinnacle’s people bring renowned experience and expertise, great service quality, and long-standing customer relationships with them to WFS. This acquisition is a strong strategic and cultural fit for WFS and we are delighted to welcome the Pinnacle team to WFS.”

The acquisition delivers on WFS’s commercial growth strategy, which includes accelerating revenue growth in cargo handling through product development including high-growth specialist e-commerce handling.

GEODIS invests in sustainable logistics campus in the Netherlands

 GEODIS invests in sustainable logistics campus in the Netherlands

Global supply chain operator GEODIS is acquiring 21.5 hectares of land at Trade Port Noord from Greenport Venlo. Here, GEODIS plans to build one of the most sustainable logistics facilities in the Netherlands: a 130,000m2 contract logistics site servicing customers from various vertical sectors and designed to accommodate the current growth in e-commerce.

The Venlo region is one of Europe’s prime spots for logistics activities, located near the Dutch border with Germany, acting as a link between the nearby air and seaports of Amsterdam, Rotterdam and Antwerp with the major industrial markets of the continent.

“Trade Port Noord has excellent connections to the European multimodal infrastructure via road, river, rail, ocean and air. This makes it the ideal location for GEODIS to operate cargo flows for international clients, and to manage their warehousing and logistics needs utilizing our European distribution network – and to expand our Benelux-Germany-Poland corridor at the same time”, says Marie-Christine Lombard, CEO of GEODIS.

The construction of the new facility will start in 2022. With the investment, GEODIS will protect the environment and ensure the well-being of its employees. This new build will be designed to standards aimed at a BREEAM “outstanding” certification, and a WELL Silver certification. BREEAM is a world-known sustainability assessment method for buildings; WELL is an international standard for creating spaces that enhance human health and well-being.

“Health and safety of our employees have always been our first priority – already before the Covid-19 pandemic, and still today”, says Marie-Christine Lombard. “In the same spirit, the GEODIS logistics campus in Venlo will be one of the very few logistics buildings in the world with a WELL certification.”

To ensure all standards for the desired certifications will be in place, GEODIS has involved real estate services and investment company CBRE, advising on the land acquisition and project management.

“The new GEODIS campus is not only impressive in size, but it is also ambitious. To achieve the highest possible BREEAM-rating, we will pay attention to every detail in both design and material use, as well as design various energy saving systems”, says Tim Habraken, Sustainability Director at CBRE.