Executive Briefings

Kuehne & Nagel Wraps Up Acquisition of ReTrans

The Kuehne & Nagel Group has completed its acquisition of 100 percent of the shares of ReTrans Inc., a U.S.-based provider of multimodal transportation services.

Kuehne & Nagel Wraps Up Acquisition of ReTrans

In its capacity as a nationwide intermodal marketing company, ReTrans gives Kuehne & Nagel direct access to the railroads. John Hextall, president and chief executive officer of Kuehne & Nagel in North America, said the acquisition will complement the company's existing business portfolio in sea freight, airfreight, contract logistics and overland transport. ReTrans is a non-asset-based broker of intermodal transportation, as well as full- and less-than-truckload capacity in the U.S. and Canada. It has more than 300 employees in 68 locations.

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In its capacity as a nationwide intermodal marketing company, ReTrans gives Kuehne & Nagel direct access to the railroads. John Hextall, president and chief executive officer of Kuehne & Nagel in North America, said the acquisition will complement the company's existing business portfolio in sea freight, airfreight, contract logistics and overland transport. ReTrans is a non-asset-based broker of intermodal transportation, as well as full- and less-than-truckload capacity in the U.S. and Canada. It has more than 300 employees in 68 locations.

Read Full Article

Kuehne & Nagel Wraps Up Acquisition of ReTrans