Freight News, Logistics

US firm invests in Ukraine

[ July 7, 2022   //   ]

US-based Logistics Plus has purchased Ukrainian-based freight forwarding and logistics company Concord-Trans.

Located in Kyiv, with a second office in Odesa, the purchase includes nearly a dozen in-country logistics professionals specializing in road, sea, and air freight transportation, customs clearance capabilities, and project cargo management.

Logistics Plus chief operating officer Yuriy Ostapyak, who is a Ukraine-born US citizen, said: “Logistics Plus remains committed to supporting Ukraine, and the Ukrainian people whose lives have been ripped apart by this war.

“The activities needed to rebuild Ukraine after the war will be significant. The acquisition of Concord-Trans gives Logistics Plus the additional in-country expertise needed to play a major role in providing the logistics solutions needed to support the long-term rebuilding efforts.”

Oleksandr Korzun, general manager of the Ukrainian company, added: “We are very pleased to join the Logistics Plus team. It is especially nice to do this at such a difficult time for our country. I am very grateful to Logistics Plus for the outstretched hand of help to our company and Ukraine as a whole. I hope that together we will do a lot of good for both the company and Ukraine.”

Before the acquisition of Concord-Trans, Logistics Plus already had a significant presence in Ukraine, with an office with nearly 50 people in Ivano-Frankivsk in the west of the country. Earlier this year, Logistics Plus established, which has raised over $660,000 to help Ukrainian refugees. The company has also been working with local organizations to warehouse and transport multiple containers of relief goods to the region