redwood-eelco

Growth spurt for Redwood with brokerage buy

Redwood Logistics and its subsidiary, Redwood Mexico, have acquired Laredo-based US/Mexico customs broker and warehousing provider EELCO. It brings further licensed customs brokerage, a 250,000sq ft Foreign-Trade Zone warehouse in Laredo and a sister operation in Nuevo Laredo into Redwood's cross-border services, which already manage over 40,000 annual cross-border shipments. Fourth partly logistics specialist Redwood says that Section 232 tariffs, UFLPA enforcement and nearshoring growth have made fragmented brokerage relationships a ... [+]