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Amerijet pulls plug on freight forwarding unit
来源：shippingazette 编辑：编辑部 发布：2023/03/06 14:26:09
RAPIDLY growing all-cargo airline based in Miami, Amerijet International Airlines, is shutting down its freight forwarding unit iTN Worldwide to concentrate on its airline business, reports New York's FreightWaves.
CEO Tim Strauss informed iTN Worldwide employees that the company will cease operations at the end of April, according to a copy of the notice shared with FreightWaves. "This was a very difficult decision and comes after a lengthy, careful and thorough review of our portfolio of businesses," he said.
ITN, which manages air and ocean shipping and customs clearance for import/export clients, has 27 employees in the US, Puerto Rico and Trinidad.
Amerijet, now the fourth largest cargo airline by volume at Miami International Airport, has 1,046 employees, including 245 pilots.
"Over the past two years, Amerijet has been surgically focused on a growth strategy, tripling the number of aircraft it operates, with additional converted 767-300F aircraft on order arriving over the next two years," Amerijet CCO Eric Wilson said in an email response to FreightWaves.
"Freight forwarding has not been a core business. The freight forwarding industry is very fragmented and to be successful in forwarding requires scalability."
Exiting the forwarding business will marginally benefit Amerijet's bottom line, but the main reason for the change is streamlining management's responsibilities - not financial, Mr Wilson emphasized. Management wants to spend its time on expanding markets for the airline and managing its local delivery and national road feeder service.
CEO Tim Strauss informed iTN Worldwide employees that the company will cease operations at the end of April, according to a copy of the notice shared with FreightWaves. "This was a very difficult decision and comes after a lengthy, careful and thorough review of our portfolio of businesses," he said.
ITN, which manages air and ocean shipping and customs clearance for import/export clients, has 27 employees in the US, Puerto Rico and Trinidad.
Amerijet, now the fourth largest cargo airline by volume at Miami International Airport, has 1,046 employees, including 245 pilots.
"Over the past two years, Amerijet has been surgically focused on a growth strategy, tripling the number of aircraft it operates, with additional converted 767-300F aircraft on order arriving over the next two years," Amerijet CCO Eric Wilson said in an email response to FreightWaves.
"Freight forwarding has not been a core business. The freight forwarding industry is very fragmented and to be successful in forwarding requires scalability."
Exiting the forwarding business will marginally benefit Amerijet's bottom line, but the main reason for the change is streamlining management's responsibilities - not financial, Mr Wilson emphasized. Management wants to spend its time on expanding markets for the airline and managing its local delivery and national road feeder service.