AIT takes panther jump
The booming e-commerce trade continues to take its toll in the world of logistics. The American logistics company AIT Worldwide Logistics has acquired Panther Logistics, a British firm with experience in e-commerce residential transportation logistics.
This takeover adds more than 400 people across eight UK locations to the company’s global network. It follows AIT’s purchase of Los Angeles-based freight forwarder Unitrans International Corporation in 2019, and the 2018 acquisitions of food logistics forwarder World Fresh Express and UK-based Connexion World Cargo.
“The logistics experts at Panther are renowned in the United Kingdom for their commitment to providing fast, quality home delivery services,” said AIT chief operating officer Keith Tholan. The terms of the transaction have not been disclosed. (sh)