Allcargo Logistics Ltd. today announced the acquisition in Econocaribe Consolidators, a US based logistics company, through its wholly owned subsidiary, Ecu Line.
Allcargo Logistics Ltd. today announced the acquisition in Econocaribe Consolidators, a US based logistics company, through its wholly owned subsidiary, Ecu Line.
Speaking about the acquisition, Shashi Kiran Shetty, Executive Chairman, Allcargo Logistics Limited, said “Econocaribe has been our partner in the US and we have worked very closely with them. They have an extremely efficient and capable management team that has taken the company to being amongst the top NVOCCs in the US. I am very happy that now they are a part of our family and we have now become truly a global MNC, which is a dream achieved”.
Econocaribe, incorporated in 1968, is today the 3rd largest LCL consolidator in the US. With its headquarters in Miami, Florida, Econocaribe has 9 offices in the US and 22 receiving terminals throughout the US and Canada, as well as partners across the world.
Econocaribe specializes in freight consolidation and FCL services to Latin America, the Caribbean, Europe, the Mediterranean, the Middle East, Africa and Asia. They also offer import LCL/FCL transportation services from around the world into the United States and Puerto Rico.
Ecu Line has, in recent years, been working in the USA, engaging Econocaribe as its agent. This acquisition now enables Ecu Line to complete its service offerings, both in terms of global capabilities and coverage. The acquisition also increases Ecu’s foot hold in the US market .
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