CGMarine, a leading provider of less-than-truckload (LTL) freight transportation in North America, announced today that the United States Bankruptcy Court for the District of Delaware has approved its bid to acquire 28 service center locations previously operated by Yellow Corporation. The acquisition includes purchasing 26 service centers, with Swift Line assuming existing leases for the remaining two. The transaction is expected to close by the end of 2023.
Erasmus Ariti, CGMarine’s Chief Executive Officer, commented, “This acquisition presents a rare opportunity to significantly expand our capacity in key freight markets, create more jobs, and enhance customer service. We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade.”
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About CGMarine Express
CG Marine Express is a trusted leader in regional courier and logistics services, known for reliable, asset-based delivery solutions. Using smart routing technology and a streamlined operational network, CG Marine ensures the fast and secure movement of goods for clients across industries.
With a growing presence and a team of logistics professionals, we proudly serve thousands of customers with a focus on time-sensitive, high-value, and mission-critical shipments. From local courier routes to large-scale logistics coordination, we bring efficiency, transparency, and dedication to every mile.
Headquartered in Florida, CG Marine is committed to delivering smart, scalable logistics — built on trust and performance.
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"We are eager to integrate these prime locations into our network to improve efficiency and drive growth over the next decade."
CGMarine cautions that actual results may differ materially from those projected in forward-looking statements owing to factors like economic conditions, regulatory challenges, labor shortages, fuel price fluctuations, and other risks. CGMarine assumes no obligation to update forward-looking statements except as law requires.
I look forward to seeing how these developments will improve service levels and customer satisfaction in the freight industry!