Company:MIQ Logistics
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| Type | Privately Held Company |
|---|---|
| Industry | Logistics |
| Fate | Acquired |
| Predecessor | YRC Logistics |
| Defunct | 2019 |
| Headquarters | Overland Park, Kansas |
Number of locations | 146 (2018) |
Area served | |
Key people |
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| Services |
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| Parent | Austin Ventures |
| Website | www.miq.com |
MIQ Logistics was a third party logistics company headquartered in Overland Park, Kansas. MIQ Logistics operated in global freight forwarding, customs brokerage, supply chain management, project logistics, origin consolidation, global trade management, warehouse management, and global business intelligence, with offices in North America, Asia, Europe, Africa, Australia , New Zealand, the Middle East, and Latin America.
History
In 2010, YRC Worldwide sold YRC Logistics to private equity firm Austin Ventures for $38.7 million. Austin Ventures shortly after the purchase rebranded the unit as MIQ Logistics.[1][2] In 2011, MIQ Logistics announced their acquisition of The Logistics Corporation Ltd. based out of the United Kingdom .[3] In 2017, MIQ Logistics sold its North American domestic transportation business to an undisclosed buyer.[4]
In 2009, MIQ Logistics volunteered to deliver a piece of steel from the fallen World Trade Center Towers from Port Authority of New York and New Jersey to Overland Park, Kansas . SFS Architecture then used that metal piece and designed Overland Park's 9/11 Memorial, created to honor those lost on September 11, remember their sacrifices and to teach future generations about the tragic day.[5]
Environmental initiatives
MIQ used the Environmental Protection Agency's (EPA) Shipper Fleet Performance Model aiding shippers in estimating greenhouse gas emissions by road and rail, and expanding to air carriers and ships.
Other environment initiatives included adding reusable totes for use in chemical shipments, eliminating the need manufacture and dispose of steel drums. Hydrogen cell battery forklifts were also evaluated as part of their material handling equipment options.[6]
Acquisitions
In 2011, MIQ acquired UK-based, retail logistics company The Logistics Corporation Ltd., offering services including, but not limited to, retail warehousing and fulfilling services.[3]
In 2016, MIQ Logistics purchased assets in Miami-based Alfa Logistics and Colombian-based Kronos Logistics with the goal to increase their Latin American presence.[7]
In 2017, MIQ Logistics offloaded their North American domestic transportation business to an undisclosed buyer as they shifted their focus entirely to international shipping and logistics services.[4]
In April 2019, Noatum Logistics completed the acquisition of MIQ.[8]
References
- ↑ Cassidy, William B. (August 17, 2010). "YRC Logistics Rebranded as MIQ". The Journal of Commerce. https://www.joc.com/trucking-logistics/yrc-logistics-rebranded-miq_20100817.html.
- ↑ Twiddy, David (September 30, 2011). "MIQ Logistics gets rolling quickly after spinning out of YRC Worldwide". American City Business Journals. https://www.bizjournals.com/kansascity/print-edition/2011/09/30/miq-logistics-gets-rolling-quickly.html.
- ↑ 3.0 3.1 "MIQ Logistics acquires retail logistics company". The Retail Bulletin. August 5, 2011. https://www.theretailbulletin.com/news/miq_logistics_acquires_retail_logistics_company_05-08-11/.
- ↑ 4.0 4.1 Dornbrook, James (November 3, 2017). "MIQ Logistics offloads domestic transportation unit". Kansas City Business Journal. https://www.bizjournals.com/kansascity/news/2017/11/03/miq-logistics-offloads-domestic-transportation.html.
- ↑ "9/11 Memorial". https://www.opkansas.org/city-government/911-memorial/.
- ↑ Elfman, Eric (May 18, 2012). "Air Conditioner". Global Trade Magazine. http://www.globaltrademag.com/global-logistics/3pls/air-conditioner.
- ↑ Desormeaux, Hailey (February 3, 2016). "MIQ Logistics enhances presence in Latin America". American Shipper. https://www.americanshipper.com/Main/News/MIQ_Logistics_enhances_presence_in_Latin_America_62887.aspx.
- ↑ "Noatum Logistics Completes Acquisition of the Multinational MIQ Logistics". https://www.miq.com/resources/news/article/noatum-logistics-completes-acquisition-multinational-miq-logistics/. Retrieved 9 July 2020.
External links
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