MIQ Logistics Company Overview and History

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Illuminated aerial view of Jakarta International Container Terminal highlighting logistics activity at night.
Credit: pexels.com, Illuminated aerial view of Jakarta International Container Terminal highlighting logistics activity at night.

MIQ Logistics has its roots in a small company founded in 2001 by Tony Gonzales. The company started as a small player in the logistics industry.

MIQ Logistics experienced rapid growth in the mid-2000s, expanding its services and employee base significantly. By 2007, the company had already established itself as a major player in the industry.

Today, MIQ Logistics is a leading provider of transportation and logistics services, with a strong presence in North America and a commitment to exceptional customer service.

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Company History

MIQ Logistics has a rich history that spans over a decade. In 2010, the company was sold to private equity firm Austin Ventures for $38.7 million.

The company was rebranded as MIQ Logistics shortly after the purchase. Austin Ventures made this strategic move to revamp the unit.

In 2009, MIQ Logistics showed its commitment to community service by volunteering to deliver a piece of steel from the World Trade Center Towers from New Jersey to Kansas. This act of kindness was a testament to the company's values.

MIQ Logistics continued to expand its reach in 2011 with the acquisition of The Logistics Corporation Ltd. based out of the United Kingdom.

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Sustainability and Environmental Impact

Credit: youtube.com, How Do You Measure Environmental Impact In Green Logistics? - Smart Logistics Network

MIQ Logistics has taken significant steps towards reducing its environmental impact. They used the United States Environmental Protection Agency's (EPA) Shipper Fleet Performance Model to estimate greenhouse gas emissions by road, rail, air carriers, and ships.

This initiative helped shippers make informed decisions about their transportation options. By expanding the model to air carriers and ships, MIQ Logistics aimed to reduce the carbon footprint of their operations.

Reusable totes were introduced for chemical shipments, eliminating the need to manufacture and dispose of steel drums. This simple change had a significant impact on waste reduction.

Hydrogen cell battery forklifts were also evaluated as part of their material handling equipment options.

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Acquisitions and Mergers

MIQ Logistics made a significant acquisition in 2011, buying UK-based retail logistics company The Logistics Corporation Ltd. This move expanded MIQ's services to include retail warehousing and fulfilling.

In 2016, MIQ Logistics further increased its international presence by purchasing assets in Miami-based Alfa Logistics and Colombian-based Kronos Logistics. This acquisition aimed to strengthen MIQ's position in Latin America.

Credit: youtube.com, Mergers and Acquisitions- How it affects Employees

MIQ Logistics offloaded its North American domestic transportation business to an undisclosed buyer in 2017, shifting its focus to international shipping and logistics services. This strategic move allowed MIQ to concentrate on its core expertise.

Noatum Logistics acquired MIQ Logistics in April 2019, marking a significant milestone for the company. The acquisition gave Noatum a global reach with operations in 26 countries and a workforce of over 2,400 employees.

With the acquisition, Noatum Logistics became the largest international logistics provider in Spain, ranking among the top 50 freight forwarders worldwide. The company's combined turnover exceeded $1 billion USD, solidifying its position in the industry.

Noatum Logistics plans to maintain its current network of agent partners, working to strengthen relationships with them. The company also aims to integrate the workforces of MIQ Logistics and Noatum Logistics, with minimal geographical overlap except in Chile.

Services and Solutions

At MIQ Logistics, you can expect a wide range of services to help you manage your supply chain. We offer air freight, ocean freight, and inland transport to get your goods where they need to go.

Credit: youtube.com, MIQ LOGISTICS

Our logistics services also include customs brokerage, which can be a real headache if you don't know the ropes. We'll handle all the paperwork and regulations so you can focus on your business.

We also provide warehousing and distribution services, which is perfect for businesses that need to store and ship large quantities of goods. This can be a huge cost savings compared to renting your own warehouse space.

Value supply chain management is another key service we offer. This involves analyzing your entire supply chain to identify areas where you can improve efficiency and reduce costs.

Here are some of the logistics solutions we provide: Supply Chain SolutionsProject SolutionseCommerce SolutionsReefer / Cold Chain Solutions

These solutions are designed to help you navigate complex logistics challenges and get your products to market quickly and efficiently. Whether you're shipping goods across the country or around the world, we've got you covered.

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Frequently Asked Questions

How do I know if a logistics company is legit?

Verify a logistics company's legitimacy by checking their contact details and licenses, and ensure they're registered with relevant authorities

Harold Raynor

Writer

Harold Raynor is a seasoned writer with a keen eye for detail and a passion for sharing knowledge with others. With a background in business and finance, he brings a unique perspective to his writing, tackling complex topics with clarity and ease. Harold's writing portfolio spans a range of article categories, including angel investing, angel investors, and the Los Angeles venture capital scene.

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