Mumbai Based Allcargo logistics acquires Us based Econocaribe Consolidators
Hotline: 1800 102 2007
X
Search Business Opportunities
2013-09-28

Mumbai Based Allcargo logistics acquires Us based Econocaribe Consolidators

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 .

 

Related opportunities
  • Quick Service Restaurants
    About: At Adiga's our aim is to match the fast food..
    Locations looking for expansion Karnataka
    Establishment year 1990
    Franchising Launch Date 2017
    Investment size Rs. 30lac - 50lac
    Space required 1000
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater Bangalore Karnataka
  • Quick Service Restaurants
    About Us: Chowringhee is a well known name in Delhi NCR..
    Locations looking for expansion New Delhi
    Establishment year 2004
    Franchising Launch Date 2015
    Investment size Rs. 5lac - 10lac
    Space required 100
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater South Delhi New Delhi
  • Online learning/E-learning
     Join hands with Smart school Education Pvt Ltd and be..
    Locations looking for expansion New Delhi
    Establishment year 2008
    Franchising Launch Date 2011
    Investment size Rs. 2lac - 5lac
    Space required -NA-
    Franchise Outlets -NA-
    Franchise Type -NA-
    Headquater Central Delhi New Delhi
  • Quick Service Restaurants
    About: Upper Crust Foods Pvt. Ltd. is a 5-year-old company which..
    Locations looking for expansion Delhi
    Establishment year 2011
    Franchising Launch Date 2017
    Investment size Rs. 50lac - 1 Cr.
    Space required 400
    Franchise Outlets -NA-
    Franchise Type Unit
    Headquater New delhi Delhi
Insta-Subscribe to
The Franchising World
Magazine
For hassle free instant subscription, just give your number and email id and our customer care agent will get in touch with you
OR Click here to Subscribe Online
Daily Updates
Submit your email address to receive the latest updates on news & host of opportunities

Free Advice - Ask Our Experts