ShipX, a tech-enabled e-commerce transportation delivery service provider, has acquired Princeton Logistics Group (PLG) and its subsidiary, TriStar Carriers. The companies will be renamed ShipX but will continue to serve their carrier, retailer and private fleet customers.
With the acquisition, ShipX expands its focus beyond final mile parcel delivery and will be able to offer a more complete suite of e-commerce transportation services.
“We’re so happy to have the amazing employees of Princeton Logistics and TriStar Carriers join the ShipX family,” said Solomon Zakinov, ShipX’s CEO and founder. “This acquisition ensures that we’ll continue to meet the ever-evolving needs of today’s e-commerce shippers — especially in the major markets — while still offering affordable, reliable logistics services.”
PLG customers range from major big-box retailers, e-commerce shippers, major carriers and private fleets, but its niche is harnessing small to medium carriers in its service area along the East Coast, stretching from Maine to Florida. TriStar’s two main service areas are middle mile trucking and air cargo services.
This addition of PLG's and TriStar's capabilities will enable ShipX to arrange first and middle mile transportation services to e-commerce customers needing specialized trucking options, as well as help strengthen its door-to-door parcel delivery services across North America. It allows the company to provide e-commerce final mile delivery; middle mile truckload and contract capacity services; direct-to-store distribution; direct carrier, air cargo injection; local sortation and transfer; coast-to-coast zone skipping; power-only; Sprinters, 26-foot Box, 53-foot trailers; and peak capacity.
"We’re thrilled to join forces with ShipX and even more excited to be able to offer our clients a more complete, turnkey shipping solution, '' said Jim Neebling, former president of Princeton Logistics, and now Chief Logistics Officer for ShipX. “Shippers have wanted a new end-to-end shipping solution and we’re happy to be offering one starting today.”