Business, Forwarding, Freight News, Logistics


US forwarder AGS takes stake in Malaysia’s KGW Logistics

[ February 12, 2025   //   ]

New York-based forwarding and logistics company Accelerated Global Solutions (AGS) is investing in a 15% stake in Malaysia-headquartered KGW Logistics.

AGS itself was acquired by Chris Zheng founder of last mile delivery specialist SpeedX in November.

You may recall that Chris Zheng, Founder of SpeedX, a tech-enabled last-mile delivery specialists,

AGS says the move will solidify its position in trans-Pacific trade and deepen its global freight forwarding presence. KGW is provides of air freight services as well as warehousing and distribution solutions for healthcare-related products and devices and moves over 10,000tei of seafreight a year to North America.

KGW meanwhile gains access to AGS’s global network, including warehouses and last-mile delivery in North America, Greater China, Southeast Asia, and Europe. SpeedX’s last-mile network across over US 9,000 zip codes.

The investment is part of Zheng’s ambition to build a $1 billion end-to-end supply chain solution infrastructure within 18 months.

He stated: “By combining our existing freight forwarding and brokerage capabilities, KGW’s ocean freight expertise, and SpeedX’s innovative last-mile solutions, we are creating an infrastructure that meets the demands of a globalized economy. This partnership reflects our commitment to delivering efficient, cost-effective, and tech-enabled global logistics solutions.”

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