SpeedX

Accelerated Global Solutions buys share of Malaysian logistics firm KGW

Freight forwarder Accelerated Global Solutions, which was acquired in November by startup parcel delivery service SpeedX, said Monday it has taken a 15% stake in Malaysia-based KGW Logistics. The transaction is part of owner Chris Zheng’s ambitious plan to develop within 18 months a $1 billion company capable of managing customers’ entire logistics process from origin to destination. 

The KGW investment expands Accelerated Global Solutions’ footprint in Asia and bolsters its trans-Pacific ocean...

https://www.freightwaves.com/news/accelerated-global-solutions-buys-share-of-malaysian-logistics-firm-kgw

Last-mile delivery startup SpeedX buys e-commerce logistics specialist

Parcel carrier SpeedX said Monday it has acquired Accelerated Global Solutions, a cross-border e-commerce logistics provider, for an undisclosed price following a two-year partnership.

The new company will combine SpeedX’s last-mile delivery capabilities with AGS’ strength in freight forwarding and customs brokerage, and provide expansion opportunities for SpeedX’s domestic air zone-skipping service across the U.S., Canada and Puerto Rico. Both companies will continue to operate as separate...

https://www.freightwaves.com/news/last-mile-delivery-startup-speedx-buys-e-commerce-logistics-specialist