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Japanese shipping group NYK Line’s forwarding arm, Yusen Logistics, has acquired US west coast-based 3PL Taylored Services Parent, continuing the trend of consolidation in the sector.
Yusen said the acquisition would allow it to tap into the growing e-commerce market in the US and Taylored Services would become part of its US subsidiary, Yusen Logistics (Americas), with its brand name staying in place.
It is acquiring Taylored Services from US private equity firm Saybrook, but did not disclose the price.
The deal includes 11 ...
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