Taking steps to expand its e-fulfillment network, Miami-based freight transportation and logistics services provider Ryder System Inc. said earlier this week it entered into a definitive agreement to acquire Industry City, Calif.-based omnichannel fulfillment and logistics services provider.
Ryder officials said that the purchase price is roughly $480 million, with the transaction expected to be completed later this month or in January.
Whiplash’s service portfolio is comprised of scalable e-commerce and omnichannel fulfillment offerings for more than 250 start-up, enterprise, and enterprise brand shippers, according to Ryder, adding that the company has 19 dedicated and multi-client warehouses comprised of around 7 million square-feet, with access to key port locations and gateway markets.
