Forwarder Target Logistics announced Thursday that its wholly owned subsidiary, Target Logistics Services, has acquired Discovery Air Cargo, a forwarder serving the New York City and Long Island area.
Terms of the acquisition were not disclosed. Target said the acquisition is expected to add $7 million to its annual revenues.
Target Logistic Services has a network of offices in 34 cities throughout the United States and a worldwide agent network with coverage in over 70 countries. Its freight forwarding services include arranging for the total transport of customers' freight, including providing door to door service, distributions and reverse logistics.