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Cardinal Logistics Management Corp. announced Jan. 20 that it had acquired last-mile delivery provider NRX Logistics.
Financial terms were not disclosed.
NRX is known for making deliveries for furniture, appliance, bedding and fitness retailers. The company was established in 1989.
Cardinal said the acquisition doubles the number of final-mile deliveries it can handle annually to 1.1 million from 550,000.
“This acquisition is part of Cardinal’s growing commitment to serving the last-mile space and providing the marketplace with a full-service delivery alternative for every type of big and bulky product,” Cardinal Chairman Vin McLoughlin said in a statement.
Cardinal said the deal will also help to substantially upgrade its delivery proficiency in the furniture, appliance, bedding and exercise equipment categories.
The company is already a provider of transportation and logistics solutions.
“In addition to complementing the kinds of heavy goods we already deliver, it significantly expands our ability to perform complex last-mile services like white glove, product assembly and installation, all of which are must-haves for many online retailers,” McLoughlin said.
McLoughlin also expressed his admiration for the service record and customer focus of NRX. He believes combining the final-mile capabilities of both companies will help in offering shippers a better national residential delivery option.
NRX President Geoff Chasin will remain on board along with the rest of his leadership team.
“All of us at NRX are looking forward to being part of Cardinal,” Chasin said in a statement. “We share a common philosophy of running a business — including making sure that we’re an agile, hands-on and highly responsive partner for every client we serve — as well as a commitment to putting each client’s last mile first.”
Cardinal Logistics ranks No. 47 on the Transport Topics Top 100 list of the largest for-hire carriers in North America, and No. 25 on the TT Top 50 list of the largest logistics companies in North America.
— Transport Topics
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