NFI acquires CAI Logistics
NFI, a supply chain solutions provider, has completed the acquisition of CAI Logistics, the non-asset logistics division of CAI International that generates more than USD 100 million in annual revenue.
By acquiring CAI Logistics, NFI expands its suite of supply chain services, specifically enhancing its brokerage, intermodal and global freight forwarding capabilities across North America.
With the takeover, NFI’s non-asset logistics business units will generate in excess of USD 500 million in annual revenue, making up 20% of the company's total revenue of approximately USD 2.5 billion.
“With CAI Logistics’ service offerings, NFI will be able to amplify the scalability of its non-asset logistics platform,” said Sid Brown, CEO, NFI. (mw)