AIT Worldwide Logistics announced it has purchased St. Louis, Missouri- based Krupp Trucking.
The freight forwarder specialises in the transportation of high-value goods. The acquisition bolsters AIT’s strategic investment in the global logistics marketplace by aligning complementary strengths, particularly in the high-value technology logistics sector, the company said in a statement.
“We see a powerful synergy between our two organisations,” said AIT’s Chief Development Officer, Ray Fennelly. “This partnership combines AIT’s vast global network and vigorous governance with Krupp’s high-quality service and logistics solutions. Together, we’re well positioned to elevate the customer experience, especially when it comes to providing white glove logistics services for the high-tech industry.”
Krupp manages shipments across multiple U.S. and international air, ocean and road lanes for a broad range of customers, shipping nearly 2.5 million kilograms of freight each year. The acquisition includes a 10,000 square metre office and warehouse in Earth City, Missouri, a fleet of more than 60 over-the-road and local trucks, and a veteran staff of nearly 100.
“Our team has always been about going the extra mile for our customers,” said founder Scott Krupp, who will stay on as City Director. “Joining AIT allows us to maintain our ambitious spirit while gaining access to enhanced organisational structure, streamlined processes, and broader opportunities for teammates.”
In other news, UPS has finalised the acquisition of Frigo-Trans and its sister company BPL.