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Seko acquires New-York's freight forwarder Air-City

13
Jan '20
Pic: Seko Logistics
Pic: Seko Logistics
Seko Logistics has completed its largest-ever acquisition with the purchase of New York-based freight forwarder and cross-border ecommerce experts, Air-City. Seko, which is headquartered in the US, specialises in global supply chain solutions, logistics delivery services, freight forwarding, and retail distribution with integrated IT solutions.

Similar to the purchase of GoodShip, which added depth and expertise to Seko’s corporate gateway operation in Chicago, Air-City will immediately add additional resources and growth to Seko’s key New York region. The investment represents the latest phase of SEKO’s program to accelerate its strategic vision by expanding its global footprint, establishing more strategic partnerships, and making accretive acquisitions that expedite the growth of its three core services; omni-channel logistics, white glove services and value-added freight forwarding. In the past 18 months, Seko has also acquired a majority shareholding in its strategic partner Omni-Channel Logistics Australia to further solidify and grow its e-commerce and technology solutions for retailers, pure-play etailers, marketplaces, and platforms, according to a press release by Seko.

The addition of Air-City will also build the capabilities of Seko’s New York gateway, which offers support to international shippers, by adding key facility infrastructure in the tight real estate market near JFK international airport. Further expansion of Seko’s JFK operations will be announced in 2020.

“Air-City will give us immediate depth in the growing westbound airfreight and cross-border ecommerce trade for goods going to China. Air-City also gives us strategic airfreight volumes and expertise into China as the rising demand for US goods increases along with a rising middle class in China. We have also added strength to our US import services with the all-important ‘Section 321’ and Type 86 entries for e-commerce capabilities that are so critical for cross-border ecommerce into the US as well as a network of bonded warehouses in the US. The outstanding Air-City team will not only assist our current clients with expanded and faster value-added forwarding and global ecommerce capabilities, they will also support our award-winning air product team and help our US and international network of strategic partner locations to grow their business faster,” Seko’s president and CEO, James T. Gagne said.

“This partnership with Seko will give a transformational boost to our rapidly growing cross-border ecommerce and freight forwarding businesses to better serve our clients. Our cultures are so aligned with the speed of ecommerce, growth of cross-border ecommerce expertise, focus on seamless technology and growing freight management capabilities. We are excited for our next phase of growth and the additional benefits we can deliver for our clients in Asia and the US as part of the Seko organisation,” Chris Zheng, executive vice president of Air-City said.

Fibre2Fashion News Desk (GK)


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