• Demand for air cargo up 8.2 percent y/y in October

    Air freight demand, measured in freight tonne kilometers (FTKs), rose 8.2 percent year-on-year in October, according to data released by The International Air Transport Association (IATA).

  • Another record breaking year for Budapest Airport as cargo volume exceeds 100,000 tonnes

    Hungarian gateway Budapest Airport expects to break annual record of cargo volume this year with more than 100,000 tonnes already handled between January and November.

  • LATAM Airlines to launch its longest non-stop flight ever between Santiago and Melbourne, Australia

    Latin America based carrier LATAM Airlines will operate a new, non-stop service between Santiago and Melbourne, Australia, from October 5, 2017.

  • India gives a strong start to IAG’s performance in the peak season

    IAG Cargo’s e-commerce prioritise from India has given it a very good start into the peak season.

  • IAG Cargo launches new Paris to New York route through OpenSkies

    IAG Cargo has launched the start of a new Paris Orly to Newark New Jersey route, its first ever direct cargo route between France and the USA.
Showing posts with label Spain. Show all posts
Showing posts with label Spain. Show all posts

Monday, September 27, 2021

WFS acquires US cargo handler Pinnacle Logistics

  11:39:00 AM   , , , , , , ,   No comments   Edit

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.

Subscribe to: Posts (Atom)