Power2Ship Inc., Boca Raton, Fla., has acquired GFC, a container carrier company that had sales in excess of $6 million in 2004.
Power2Ship operates MobileMarket, a web-based collaborative marketplace for freight transportation.
In its press release, the company said the acquisition of GFC will enable Power2Ship to conduct container beta testing with defense companies while establishing benchmarks for additional government opportunities.
Jose Trujillo, Power2Ship security adviser, said, “Operation Safe Commerce Phase III, under its grant program, has recently approved a cooperative agreement for $17 million. This agreement is a limited competition for continued work under existing awards and congressional direction to the three largest domestic container load centers: the Ports of Los Angeles and Long Beach, the Ports of Seattle and Tacoma, and the Port Authority of New York/New Jersey. The Operation Safe Commerce Cooperative Agreement Program explores commercially viable options to enhance cargo security, including business processes and technology prototypes, which support containerized cargo supply chain security management while facilitating the flow of trade”.
Operation Safe Commerce is a collaborative federal grant program administered by the Department of Homeland Security, Office for Domestic Preparedness.
For more information on Power2Ship, visit www.power2ship.com.
Original Source: https://www.truckinginfo.com/96329/power2ship-buys-container-carrier