Medlog USA, the MSC subsidiary involved in the transaction, is anticipated to finalize the deal next week. The existing management team at COFC Logistics, including CEO Garry Old, will remain in place to ensure continuity during the transition.

While the terms of the acquisition have not been disclosed, COFC Logistics is known for its robust operations, handling over 100,000 intermodal shipments annually and generating estimated revenues between $100 million and $500 million, according to the Journal of Commerce.

This acquisition is expected to enhance MSC’s capabilities in the North American logistics market, allowing for improved service offerings and expanded reach. The integration of COFC Logistics into the MSC family could also lead to increased operational efficiencies and provide shippers with more comprehensive intermodal solutions.

As the logistics landscape continues to evolve, this move positions both Medlog USA and COFC Logistics to better serve their clients and adapt to changing market demands. Industry experts anticipate that this strategic acquisition will pave the way for further innovations and improvements in intermodal transportation.

As the deal approaches its finalization, stakeholders and customers alike are eager to see how this partnership will unfold and what new opportunities it may bring to the intermodal logistics sector.