Wall Street Journal: Danish Container Ship Company Maersk Acquires Glen Mill’s Pilot Freight for $1.6B

By

A Pilot Freight Services truck at the airport.
Image via pilotdelivers.com.

Pilot Freight Services in Glen Mills has been acquired by Danish container-ship company A.P. Moller-Maersk A/S for $1.68 billion, part of Maersk’s attempt to control every link in the supply chain, writes Paul Berger for the Wall Street Journal.

Maersk has upped its acquisitions in the U.S. as it goes after a larger cut of domestic logistics spending.

Acquiring Pilot gives Maersk access to the delivery and installation of bulky items like washers and dryers in people’s homes.

Last year, it purchased the e-commerce fulfillment firm Visible Supply Chain Management LLC, which specializes in smaller packages.

In 2020, it acquired Performance Team LLC, a warehousing and distribution specialist.

It has expanded its warehousing and distribution from 20 facilities to more than 150.

Maersk’s core business is international ocean freight, but shippers spend eight to nine times more on trucking, warehousing and delivery.

 “Now we want to get access to and bring the two flows together,” said Narin Phol, Maersk’s managing director for North America.

Ultimately, Maersk hopes to offer faster, more reliable services to shippers by overseeing every aspect of shipping, from when an item leaves a factory in Asia to home delivery.

Read more at the Wall Street Journal about the acquisition of Pilot Freight Services in Glen Mills.

Stay Connected, Stay Informed

Subscribe for great stories in your community!

"*" indicates required fields

Hidden
MT Yes
This field is for validation purposes and should be left unchanged.
Advertisement