NFI Makes Investment in Canadian Intermodal Business, Doubling its Intermodal Scale

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CAMDEN, N.J., Oct. 19, 2022 /PRNewswire-PRWeb/ -- NFI, a leading North American supply chain solutions provider, added 200 intermodal containers to its growing Canadian fleet in September. The purchase, which includes a mix of refrigerated and dry van containers, positions NFI as the largest private intermodal reefer carrier in Canada, second only to CN and CP rail. The investment in Canada lifts the company to over 500 owned intermodal containers.

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PR Newswire

Retrieved on:

Wednesday, October 19, 2022

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Tags:

Movement, McKendry, Transport, OTR, CP, E-commerce, Intermodal transport, SVP, LTL, Food, NFI, CN, FTL, Solution, Intermodal freight transport, Flatbed

Geotags:

NEW JERSEY, CANADA, US, NORTH AMERICA, UNITED STATES

Summary

Key Points:

NFI, a leading North American supply chain solutions provider, added 200 intermodal containers to its growing Canadian fleet in September.
CAMDEN, N.J., Oct. 19, 2022 /PRNewswire-PRWeb/ -- NFI, a leading North American supply chain solutions provider, added 200 intermodal containers to its growing Canadian fleet in September.
The investment in Canada lifts the company to over 500 owned intermodal containers.
According to McKendry, the company's investment is in line with NFI's long-term Canadian growth strategy, which extends past its intermodal investment.

NFI Makes Investment in Canadian Intermodal Business, Doubling its Intermodal Scale

NFI, a leading North American supply chain solutions provider, added 200 intermodal containers to its growing Canadian fleet in September. The purchase, which includes a mix of refrigerated and dry van containers, positions NFI as the largest private intermodal reefer carrier in Canada, second only to CN and CP rail.

CAMDEN, N.J., Oct. 19, 2022 /PRNewswire-PRWeb/ -- NFI, a leading North American supply chain solutions provider, added 200 intermodal containers to its growing Canadian fleet in September. The purchase, which includes a mix of refrigerated and dry van containers, positions NFI as the largest private intermodal reefer carrier in Canada, second only to CN and CP rail. The investment in Canada lifts the company to over 500 owned intermodal containers.

NFI will continue to invest in its Intermodal business in both the US and Canada as the share of market between truck and intermodal undergoes a re-balancing through 2023. The company attributes providing flexible, nimble solutions to its customers as the main driver behind the venture. The addition of the new assets allows NFI to scale its multi-modal operations, which offer LTL, multi-stop LTL, FTL, multi-stop reefers, and brokerage, amongst other custom solutions.

"I'm extremely excited about scaling NFI's Intermodal offerings to be more responsive to the challenges that the market and the wider supply chain have thrust upon us," said Mark McKendry, NFI's SVP of Intermodal. "It is through cooperative customer partnerships and NFI's collaboration with rail and drayage carriers that has facilitated such a significant investment in the Canadian operation. Our commitment to customers remains clear: deliver the best possible rail service with the most value for our Canadian shipper-partners, while further detangling the complexities of consuming Intermodal in Canada."

According to McKendry, the company's investment is in line with NFI's long-term Canadian growth strategy, which extends past its intermodal investment. The company currently provides dedicated fleet solutions in Canada via a mix of 140 company owned tractors and independent contractors. Additionally, NFI operates 2.3 million square feet of warehousing space in the country and offers a full suite of non-asset transportation solutions including LTL, OTR, and Flatbed.

Founded in 1932, NFI is celebrating its 90th anniversary as one of the oldest and largest privately-held and family-owned 3PLs in North America. The company offers expertise spanning a variety of diverse industries, including food and beverage, retail and eCommerce, manufacturing, and consumer packaged goods. In addition to intermodal, NFI's full suite of solutions includes dedicated transportation, distribution, eCommerce fulfillment, brokerage, transportation management, port drayage, global logistics, and industrial real estate.

Visit NFI online to learn more about its intermodal solutions.

About NFI:
NFI is a fully-integrated North American supply chain solutions provider headquartered in Camden, N.J. Privately held by the Brown family since 1932, the company generates more than $3.8 billion in annual revenue and employs over 16,000 associates. NFI owns and operates more than 68 million square feet of warehouse space alongside a dedicated fleet of 5,100 tractors and 13,200 trailers. By 2023, NFI will operate the first 100% zero-emission drayage fleet, leading the transition to zero-emission goods movement in the United States. NFI's relentless innovation and unparalleled service deliver logistics solutions that transform the way business gets done. The company's business lines include dedicated transportation, warehousing and distribution, eCommerce fulfillment, integrated logistics, transportation management, port drayage, intermodal, global logistics, and industrial real estate. For more information about NFI, visit http://www.nfiindustries.com or call 1-877-NFI-3777.

Media Contact

NFI, NFI, 8776343777, [email protected]

SOURCE NFI