Tuesday, May 28, 2024
WFS announces acquisition of Pinnacle Logistics

WFS announces acquisition of Pinnacle Logistics

Worldwide Flight Services (WFS), the world’s largest air cargo handler and one of the leading providers of ground handling and technical services, today announces the acquisition of IAS Logistics DFW, LLC (d/b/a “Pinnacle Logistics”), a leading provider of cargo handling services in the United States. Financial details were not disclosed.

Headquartered in Fort Worth, Texas, Pinnacle Logistics is a leading provider of cargo handling services for the aviation market in the US and is focussed on specialist express cargo handling for e-commerce customers. The acquisition delivers on WFS’s commercial growth strategy, which includes accelerating revenue growth in cargo handling through product development including high-growth specialist e-commerce handling.

Michael Simpson, WFS’s EVP Americas, commented: “The acquisition of Pinnacle Logistics enhances our core cargo and express cargo handling value proposition to customers, and Pinnacle’s established trucking logistics business further expands our service offering. Pinnacle’s people bring renowned experience and expertise, great service quality, and long-standing customer relationships with them to WFS. This acquisition is a strong strategic and cultural fit for WFS and we are delighted to welcome the Pinnacle team to WFS.”

Picture of James Graham

James Graham

James Graham is an award-winning transport media journalist with a long background in the commercial freight sector, including commercial aviation and the aviation supply chain. He was the initial Air Cargo Week journalist and retuned later for a stint as editor. He continues his association as editor of the monthly supplements. He has reported for the newspaper from global locations as well as the UK.

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