Iselin, NJ—June 13, 2011—Citing a "strategic fit," Geodis Wilson has acquired Minneapolis-based One Source Logistics.
"One Source Logistics significantly strengthens our capabilities and not only accelerates the growth of our U.S. domestic product offerings, but also with cross-border trucking throughout North America," explained John Gallahan, regional vice president Geodis Wilson Americas. The new access to a broader local distribution network enhances Geodis Wilson’s inland and final mile delivery services.
"Taking over One Source Logistics is a first step in the company’s growth strategy in the U.S.," said Geodis Wilson’s Executive Vice President, Philippe Gilbert. "With the extended link to domestic services in North America, we are able to satisfy the needs of a wide range of our today's air freight and ocean freight clients. We can offer them a better single-source solution for end-to-end supply chain management into and from the U.S. At the same time we connect the domestic customer base of One Source Logistics to Geodis Wilson’s global freight services."
Jean-Louis Demeulenaere, CEO Geodis Group, added: "Our aim is to, at least, double our freight forwarding business in the U.S. within the coming five years, based on external and organic growth." Geodis’ focus on the North American market has already proven success in recent years. Also, the company recently established its 4PL service here. Geodis Wilson's North and South American operations reported revenue of $1.92 billion in 2010 and employs 1,400 people.
Source Logistics offers specialized domestic transportation services with a focus on FTL and LTL (full truckload and less than truckload), backed by a Transport Management System. The company currently supports a nationwide network of transportation, logistics and distribution services throughout the United States.
"We also specialize in time-critical deliveries and mission-critical deliveries for the retail industry," said Mike Tillges, former president of One Source Logistics. With the integration of his company into the Geodis network, he will take on the position of Director Domestic Supply Chain in the United States. "As a non-asset based company, our absolute expertise is the flexible and demand driven management of transportation services. This concept is the ideal match to the global forwarding and 3PL capabilities of Geodis Wilson. It brings together what belongs together."