Milgram Buys M.O.T. Intermodal Shipping, Adds U.S. Broker License

Canadian logistics company Milgram finished its purchase of M.O.T. Intermodal Shipping, a Canadian freight forwarder that also has offices in the U.S., said Milgram (here). The M.O.T.'s American operations include a customs brokerage and freight forwarding from two offices, one in New York and one in Texas, said Milgram. The purchase marks a strategic expansion with a number of benefits, said Milgram's press release. "It gives us added strength in the European market; it gives us a physical presence in the USA; it compliments our US customs brokerage service by adding a license in the USA; it gives us exposure to important new clients; it significantly increases our standing in the export market; and it strengthens our management team as well," the company said. The price was not disclosed.