HMB congratulates Port X Logistics, a leading transportation company, on its majority investment from U.S. Multimodal Group, a premium provider of intermodal logistics.
Since its founding in 2017, Port X Logistics has emerged as an industry leader that specializes in expediting containerized cargo throughout the U.S. and Canada. Port X Logistics offers best-in-class drayage, transloading and truckload services to its customers by utilizing a combination of company assets, owner-operators and a comprehensive logistics network. The company has also been featured on Freightwaves, The Journal of Commerce and Supply Chain Drive.
U.S. Multimodal Group has been providing its clients with premium intermodal logistics services since 1973. Through its network, the logistics provider offers container drayage, domestic intermodal, brokerage, warehousing and depot operations services. U.S. Multimodal Group also operates several subsidiary companies, including Terminal Consolidation, Trans Services, Inc., Harbor Division and Wings Century Trucking.
Through this partnership, Port X Logistics will expand its customer base and enhance its capabilities by adding over 350 trucks, 350 company chassis and more than 200 acres of yard space across key port locations including Oakland, Los Angeles/Long Beach, Denver, Memphis, Chicago, Kansas City and Savannah, with additional locations planned.
Republic Partners served as the investment bank in this transaction. The firm advises on mergers and acquisitions and provides strategic and financial advice to private companies, entrepreneurs and family businesses.