The investment represents the latest phase of SEKO’s programme to expand its global footprint and accelerate the growth of its three core services: Omni-Channel Logistics, White Glove Services and Value-Added Freight Forwarding.
Air-City comprises 15 offices worldwide, with New York as its head office. The acquisition will thus add resources and growth to SEKO’s key New York region, where it offers support to international shippers by adding key facility infrastructure near JFK international airport. Further expansion of SEKO’s JFK operations will be announced in 2020.
“Air-City will give us immediate depth in the growing westbound airfreight and cross-border e-commerce trade for goods going to China,” said SEKO’s President and CEO, James Gagne. “Air-City also gives us strategic airfreight volumes and expertise into China as the rising demand for US goods increases along with a rising middle class in China. We have also added strength to our US import services with the all-important ‘Section 321’ and Type 86 entries for e-commerce capabilities that are so critical for cross-border ecommerce into the United States as well as a network of bonded warehouses in the United States.”
Chris Zheng, Executive Vice President of Air-City, commented: “This partnership with SEKO will give a transformational boost to our rapidly growing cross-border e-commerce and freight forwarding businesses to better serve our clients. Our cultures are so aligned with the speed of e-commerce, growth of cross-border e-commerce expertise, focus on seamless technology and growing freight management capabilities. We are excited for our next phase of growth and the additional benefits we can deliver for our clients in Asia and the United States as part of the SEKO organisation.”
