Geodis expands US footprint
Freight forwarding group Geodis has acquired Velocity Freight Transport, a freight brokerage company based in Plano, Texas. The seller is the McLane Company, a subsidiary of Berkshire Hathaway. The details of the transaction, effective 30 June 2021, were not disclosed.
Mike Honious, president & CEO of Geodis in the Americas: “This acquisition will expand our current freight brokerage capabilities.” In fact, the acquisition of Velocity will help meet increased customer demand for more transportation alternatives at a time of limited capacities.
Velocity provides freight brokerage services that include refrigerated and temperature-controlled freight, flatbed and less-than-load (LTL) trucking, intermodal, van, and specialty options. The company’s team will remain in Plano, which is part of the Dallas-Fort Worth region. (sh)