Fuel Transport launches ambitious expansion with a $43 million warehouse acquisition
Mike EdwardsNews People in Process acquisition food and beverage Fuel Transport life sciences warehouse
Fuel Transport, a leading North American logistics and transportation company, announces the acquisition of a $43-million, 122,442 square foot warehouse in the community of Brampton, ON.
Strategically located in a GTA hub for logistics and transportation, the warehouse is surrounded by a high density of industries ranging from food and beverage to health and life sciences.
The warehouse acquisition optimizes Fuel Transport’s North American network, the company says, making the new Brampton facility a gateway for centralized access to key markets on both sides of the border. The pandemic drove home the need to rebuild supply chain resilience and self-sufficiency by reshoring manufacturing.
Fuel’s announcement is well-timed for U.S. clients who’ve either seen an overwhelming return of overseas production from Asia or plan to in the next three years, according to Kearney’s 2021 Reshoring Index.
“Toronto is a major market for Canadian imports and exports; it’s the gateway to Eastern Canada,” said Peter Perrella, VP Operations at Fuel Transport.
“This is an innovative, highly efficient solution for clients that brings them closer to their service regions. Warehousing compliments the logistics side of our business and is going to bring value to U.S. and Canadian clients. It will also spin-off benefits that’ll reduce transport and shipping backlogs which have been frustrating consumers.”
This flagship warehouse in Brampton brings the combined space of Fuel’s warehouse network to over one million square feet of capacity.
“This $43-million investment is part of a bigger, consistent strategy we’ve had since day one to be a value-added logistics provider across North America, by bolstering our hybrid model of non-asset and asset-based solutions, and helping to optimize our clients’ business,” said Robert Piccioni, CEO and founder of Fuel Transport.
“We’re able to leverage Fuel’s fiscal strength to continuously re-invest in the industry; in our people, our training and systems, our truck and bulk divisions, and owned assets, like 35 Precidio Court in Brampton.”
To serve the surrounding corporate community better, the warehouse will feature 3PL and 4PL services and seven shipping doors. The facility supports 24 feet of clearance height with a centralized command structure that provides 360-degree sight lines.
The warehouse will also offer a full suite of fulfillment services, including pick-and-pack, long or short-term storage, support and integration of technology through Tecsys WMS and the option of being fully managed by Fuel.
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