Business, Forwarding, Freight News, Logistics

Cardinal Maritime to become world’s biggest employee-owned forwarder

[ May 22, 2023   //   ]

Manchester forwarding and consolidation firm Cardinal Maritime says it will become the biggest employee-owned company in its sector in the world .

The company, which is based in Sharston, Wythenshawe in the south of the city says it is marking 25 years in business by transitioning to an employee-ownership model.

Since its launch in Eccles, west Manchester in 1998 Cardinal now has over 40 offices and revenue of over £500m. It is giving every employee the opportunity to become a partner.

The Cardinal Partnership will merge the Far Logistics and Cardinal Global Logistics brands.

Cardinal worked with investment banking company, Houlihan Lokey, to set up the new ownership structure.