NFI Industries buys brokerage firm in latest acquisition

Third-party logistics provider (3PL) NFI Industries said today it has acquired the intermodal-focused brokerage firm SCR Air Services in a move to enhance its end-to-end supply chain solutions while expanding its non-asset intermodal services and refrigerated capabilities.

Terms of the deal were not disclosed.

We're excited to announce the addition of SCR Air Services into the NFI family! Click here to learn more! ??https://t.co/GMJqzAkGUQ pic.twitter.com/Bf9Q6bufkM

— NFI Industries (@NFIindustries) February 11, 2019

Cherry Hill, N.J.-based NFI will add SCR to its brokerage division, which includes nine offices across North America and features expertise in dry truckload and less-than-truckload (LTL) alongside services in refrigerated, flatbed, over-dimensional, intermodal, and final mile.

SCR, which is headquartered in Seattle, Wash., specializes in providing non-asset-based truckload, LTL, intermodal, air freight, and flatbed solutions. The firm has a focus in the food and grocery sector.

Integrating SCR's staff and customers will expand NFI's intermodal solutions, particularly within the refrigerated sector, and increase its presence in the Pacific Northwest region, NFI CEO Sid Brown said in a release.

The move is NFI's latest effort to grow its geographic footprint and product portfolio, following its acquisition of freight broker United Express in 2016 and its purchase in 2017 of port logistics provider California Cartage Co. and Canadian 3PL Dominion Warehousing & Distribution. And in 2018, NFI joined the MonarchFx alliance, a consortium of logistics providers organized by supply chain consulting firm Tompkins International as a bid to capture a share of the e-commerce fulfillment market.