DP World, a global supply chain solutions leader, has strengthened its commitment to the automotive industry through the acquisition of CFR Rinkens, a specialized logistics provider in Long Beach, California. This strategic move aims to enhance DP World’s ability to deliver tailored solutions to its automotive clients, expanding its comprehensive suite of services.
CFR Rinkens, known for its expertise in containerized finished vehicles and innovative logistics systems, will fortify DP World’s role as a trusted partner during the industry’s transition to electric vehicles and sustainable energy solutions. The acquisition also brings valuable experience in delivering customized logistics solutions to emerging industries, such as energy storage and battery life cycles.
Leveraging advanced technology and a vast global logistics network, DP World is transforming the automotive industry by efficiently handling over 10% of the world’s automotive trade. With 16 Ro-Ro terminals, annual shipment of over 30,000 cars in containers, and storage solutions for over 1 million cars, DP World’s strategic sites provide comprehensive services, supported by financial advisory from Cascadia and legal guidance from Rutan & Tucker, with specific deal terms pending standard approvals.
Image source: https://www.dpworld.com/news/releases/dpworld-expands-automotive-logistics-with-acquisition-of-cfr-rinkens/