SAN FRANCISCO--(BUSINESS WIRE)--Jul. 31, 2018--
CAI International, Inc. (CAI) (NYSE:CAI), one of the world’s leading
transportation finance and logistics companies, today announced that its
Hybrid Logistics and Challenger Overseas brands will combine with CAI
Logistics, uniting all the company’s logistics services under one brand
name. The newly combined company will leverage and enhance each
company’s area of strength to offer CAI Logistics’ customers a level of
service unparalleled in the Third Party Logistics (3PL) sector.
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CAI Logistics provides intermodal transportation services through
domestic rail, truck brokerage, ocean freight and air freight, and is
focused on serving clients in all verticals shipping within or out of
North America. The company currently has more than 200 employees and is
actively recruiting to meet its growth plan.
“Our focus has always been to better serve our customers and be a
leading player in the growing transportation economy,” said Victor
Garcia, CEO of CAI. “Unifying all of our logistics services under the
CAI Logistics brand streamlines our product offering, creates
efficiencies for our customers, and generates more market awareness for
our growing presence in Third Party Logistics.”
Mr. Garcia continued, “In addition to leveraging the strengths of all
three companies, CAI Logistics will also use CAI’s extensive network of
agents, depots, carriers, Class 1 railroads, and all major shipping
lines to provide our customers an industry-leading level of service.
With over $2.5 billion in transportation assets and our extensive
relationships, we have the capabilities, knowledge, and experience to
surpass our customers’ expectations.”
Prior to unifying the companies under one brand, Hybrid operated as an
asset-light truck brokerage specializing in flatbed truck and
over-dimensional shipments, and Challenger Overseas operated as a
provider of international freight-forwarding services. Combined with an
established intermodal program, CAI Logistics’ customers will now
benefit from a comprehensive suite of shipping and supply chain
solutions all under one umbrella.
About CAI Logistics
Headquartered in Everett, Washington, CAI Logistics is a leading expert
in intermodal, highway, and international shipping. As a division of CAI
International (NYSE: CAI), CAI Logistics has a broad network of carriers
and access to hundreds of the world’s leading shipping lines, shippers,
and logistics users. Its experienced team offers comprehensive shipping
solutions with real-time status and visibility to find the best route
for cargo around the city or around the globe. Let’s get moving!
About CAI International, Inc.
Established in 1989 and headquartered in San Francisco, CAI (NYSE: CAI)
is one of the world’s leading transportation finance and logistics
companies. CAI operates a worldwide fleet of intermodal shipping
containers and owns a fleet of railcars that it leases within North
America. CAI’s family of companies includes CAI Logistics and CAI Rail.
With offices around the world and a broad network of agents, depots, and
carriers, CAI serves hundreds of the world’s leading shipping lines,
shippers, and logistics users.
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Source: CAI International, Inc.
CAI International, Inc.
Tim Page, 415-788-0100