USF Worldwide Logistics to Acquire UK-based Ultimex Global Logistics PLC.Business Editors ITASCA I·tas·ca A lake of northwest Minnesota. It was identified in 1832 as the source of the Mississippi River. , Ill.--(BUSINESS WIRE)--Aug. 1, 2000 USF USF University of South Florida USF Universal Service Fund (often part of phone bill in US) USF University of San Francisco USF University of Sioux Falls USF University of St. Worldwide Logistics, a logistics subsidiary of USFreightways Corporation, announced today that it has entered into an agreement to acquire Ultimex Global Logistics PLC. Headquartered in London, Ultimex Global Logistics PLC is one of Britain's leaders in international transportation and logistics. The company's expertise in ground transportation, logistics solutions, and worldwide air and ocean services have led to the development of a broad range of service options for clients. The company has been recognized in two independent national surveys as one of the fastest growing private businesses in Britain. Earlier this year, they were awarded the BIFA BIFA British International Freight Association BIFA British Independent Film Awards BIFA Buses Involved in Fatal Accidents BIFA Baha'i International Football Association Gold Service award, the UK forwarding industry's highest award for customer excellence. The firm will be acquired from its three principles, who will remain with the company in the top management positions. Mark White has accepted the position of President and Chief Executive Officer, Mark Gilbert will carry on as Vice President of Development, and Brian Vella remains as Vice President of Marketing and Sales. Doug Christensen, President and Chief Executive Officer of USF Worldwide Logistics, stated, "We are delighted to be presented with this opportunity to expand our freight forwarding and logistics operations to the United Kingdom. This dynamic, well-run company joins USF Asia Group in forming the foundation for our plan to become an integrated global supply chain provider." Mark White commented, "This is a fantastic opportunity for all of us and an important milestone in Ultimex's rapid growth." USF Worldwide Logistics provides domestic and international freight forwarding services; transportation management, dedicated fleet, contract warehousing and dedicated cross-docking; assembly and distribution services; reverse logistics This article or section needs sources or references that appear in reliable, third-party publications. Alone, primary sources and sources affiliated with the subject of this article are not sufficient for an accurate encyclopedia article. ; and complete supply chain solutions for online retailers and manufacturers. USFreightways (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : USFC), the parent of USF Worldwide Logistics, also provides high-value, regional less-than-truckload (LTL LTL - Linear Temporal Logic ) transportation, and premium regional and national truckload truck·load n. The quantity that a truck can hold. truckload n → camión m lleno transportation. For more information, contact the Company at www.usfreightways.com. |
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