“This acquisition is vitally important to APL Logistics’ strategy to strengthen the integration of our international supply chain services,” said Jim McAdam, President of APL Logistics. We’re pleased to bring together two outstanding names in logistics services for the benefit of our customers.” Los Angeles-based Carmichael is one of the largest independent customs brokerage, trade compliance and consulting specialists in the U.S. Founded in 1961, the firm employs approximately 200 professionals in 10 key U.S. metropolitan markets. For nearly two decades, APL Logistics has enjoyed a close working relationship with Carmichael in serving its customers’ U.S. Customs brokerage and trade compliance needs. This transaction allows APL Logistics to bring this service capability in-house. “Today, APL Logistics has the processes and systems in place to help customers comply with U.S. Customs and Border Protection's programs at origins,” said Tony Zasimovich, APL Logistics’ Vice President of International Logistics Services. “Add to that Carmichael’s Customs brokerage and trade consulting capabilities in the U.S., and we will be well-positioned to coordinate the flow of goods and information from the factory floor at an international origin to the store-door in the U.S.” “Carmichael is proud to become part of the APL Logistics organization,” said John and Vincent Salvo, owners of the company, who will remain in APL Logistics after the acquisition. “After 50 years of operating successfully as an independent company, we’re excited that our customers can now enjoy the full range of services offered by APL Logistics’ global network,” said Enrico Salvo, founder of Carmichael. Carmichael offers traditional customs brokerage, trade compliance, consulting, and transportation services. It operates in the ports of Los Angeles/Long Beach, New York/New Jersey, Chicago, San Francisco/Oakland, Seattle/Tacoma, Miami, Boston, Atlanta, Savannah and Memphis. About APL Logistics APL Logistics provides international, integrated supply chain services in 75 countries, including origin and destination services such as freight consolidation, logistics hub management and land transportation. It leverages innovative IT for maximum supply chain visibility and control. APL Logistics is a unit of Singapore-based Neptune Orient Lines (NOL), a global cargo transportation and logistics company. APL Logistics Web site: www.apllogistics.com About Carmichael International Service Founded in 1961, Carmichael International Service is a full-service, independent and privately owned U.S. Customs broker and freight forwarder. Based in Los Angeles and with 10 metropolitan offices nationwide, it provides superior service, innovative systems and seamless communications to help its customers with effective and efficient import and compliance operations. Carmichael Web site: www.carmnet.com NOL press release |