Company Research Report: 28Freight, LLC

Company Overview

• Name: 28Freight, LLC

• Mission of the Company: Not explicitly stated in the data provided.

• Founded: 1928

• Founder: Sam (Grandfather to Rich and Alan)

• Key People in the Company: No specific key people mentioned.

• Headquarters: Wilmington, MA, USA

• Number of Employees: No information is available.

• Revenue: Marks Logistics had a record year in 2018 with more than $70M in freight spend under management and brokerage activities.

• Company Known For: 28Freight is known for providing secure, tracked, and compliant freight services, especially catering to the life sciences, pharmaceutical, medical device, and biotech industries.

Products and Services

Products

28Freight offers a variety of transportation and logistics services, including:

1. Ground Expedite

• Description: Provides secure, compliant, and trackable ground transportation across the continental United States, Canada, and Mexico.

• Key Features: Unique parameters for each shipment, ensuring compliance and tracking.

2. Logistics

• Description: Offers logistics services for shipments that are cumbersome, complicated, or small.

• Key Features: Expertise in simplifying logistics to ensure timely and intact deliveries.

3. Truckload & LTL (Less Than Truckload)

• Description: Blends truckload and less-than-truckload freight strategies through partnerships with rail providers like BNSF, CSX, NS, and UP.

• Key Features: Strategic partnerships and service agreements with rail providers.

4. Specialized Freight

• Description: Provides secure and safe transport for freight with unique requirements.

• Key Features: Tailored solutions for freight of unconventional shapes and sizes.

5. Warehousing

• Description: Offers validated temperature control and GMP compliant warehousing as part of supply chain solutions.

• Key Features: Risk aversion and increased flexibility in warehousing.

6. Drayage

• Description: Manages drayage service to virtually every port terminal in America.

• Key Features: Strategic partnerships ensure safe and compliant freight delivery.

Recent Developments

Recent Developments in the Company

• 2024 Acquisitions:

• Outsource: 28Freight acquired Outsource, a key player in freight management, as part of its effort to enhance services in North America.

• Winwars Express: Acquisition of this leading ground freight provider to expand its trucking service offerings.

• New Ventures:

• 2022: Introduction of temperature-controlled shipping through sprinters, straight trucks, tractor-trailers, and rail cars.

• 2021: Addition of an 86,000 square foot warehouse to facilitate warehousing services.

Recent Product Launches

• No information is available on new product launches.

New Features Added to Existing Products

• Enhanced Freight Management: Following the acquisition of Outsource, features such as enhanced freight management solutions have likely been integrated.

New Partnerships

• Rail Providers Partnership: Existing strategic partnerships with rail providers (BNSF, CSX, NS, and UP) have been noted, although specific new partnerships are not detailed.

Conclusion

This report encapsulates the fundamental aspects of 28Freight, LLC. The company, with nearly a century of experience, has evolved by expanding its service offerings and making strategic acquisitions to enhance its logistics and transportation capabilities, particularly in the life sciences sector. With recent acquisitions and introduction of advanced features like temperature-controlled shipping, 28Freight shows a significant adaptability to market demands, maintaining its status as a reliable partner for high-value shipments across North America.