Maritime service provider Logistec recently announced its acquisition of the Canadian and US marine terminal business of Fednav and its subsidiary Federal Marine Terminals (FMT), a major terminal operator in Canada and the US.
With these 11 additional terminals, Logistec now has 90 terminals in 60 ports in North America. This is a major strategic expansion for the Logistec network, which is gaining a foothold in the Great Lakes with strategic gateways into new markets in the US and Canada for its current and future clients.
FMT’s addition to the Logistec family will serve to consolidate stevedoring, handling and warehousing services for bulk, containerized, project cargo and general cargo, in addition to added value on-carriage services, inventory management and 24/7 inland cargo transportation in Canada and the US. Furthermore, Logistec becomes the only MEA member with a presence in all the ports served.