DP World takes over US automotive logistics company
WAREHOUSING & LOGISTICS

DP World takes over US automotive logistics company

Dubai's state-owned ports behemoth, DP World, has made an undisclosed acquisition of California-based containerised car shipping specialist and freight forwarder CFR Rinken. DP World, which proudly asserts its role in transporting one out of every ten new cars across the globe, has characterized this acquisition as a "strategic move aimed at bolstering its ability to provide tailor-made solutions to its automotive clientele."

Presently, DP World operates 16 roll-on/roll-off (RoRo) terminals, facilitating the shipping of over 30,000 cars in containers each year, and offering storage solutions for an impressive inventory of over 1 million cars. The company manages a substantial 2 million CEU (Container Equivalent Units) annually, all while delivering value-added services for vehicles that are ready for dealers.

CFR Rinkens, on the other hand, has been a seasoned provider of volume containerization services for fully assembled vehicles and semi-knockdown kits for over two decades. In addition to its automotive services, CFR Rinkens extends bespoke logistics solutions to the burgeoning energy storage and battery lifecycle sectors. Notably, the company has witnessed a surge in demand for its services as automakers pivot towards electric vehicles and seek alternatives to the increasingly costly car carrier segment.

The exact financial details of this acquisition remain undisclosed, but it reflects DP World's strategic efforts to diversify and strengthen its presence in the automotive logistics landscape, catering to the evolving needs of the industry, particularly in the context of the transition to electric vehicles.

Dubai's state-owned ports behemoth, DP World, has made an undisclosed acquisition of California-based containerised car shipping specialist and freight forwarder CFR Rinken. DP World, which proudly asserts its role in transporting one out of every ten new cars across the globe, has characterized this acquisition as a strategic move aimed at bolstering its ability to provide tailor-made solutions to its automotive clientele. Presently, DP World operates 16 roll-on/roll-off (RoRo) terminals, facilitating the shipping of over 30,000 cars in containers each year, and offering storage solutions for an impressive inventory of over 1 million cars. The company manages a substantial 2 million CEU (Container Equivalent Units) annually, all while delivering value-added services for vehicles that are ready for dealers. CFR Rinkens, on the other hand, has been a seasoned provider of volume containerization services for fully assembled vehicles and semi-knockdown kits for over two decades. In addition to its automotive services, CFR Rinkens extends bespoke logistics solutions to the burgeoning energy storage and battery lifecycle sectors. Notably, the company has witnessed a surge in demand for its services as automakers pivot towards electric vehicles and seek alternatives to the increasingly costly car carrier segment. The exact financial details of this acquisition remain undisclosed, but it reflects DP World's strategic efforts to diversify and strengthen its presence in the automotive logistics landscape, catering to the evolving needs of the industry, particularly in the context of the transition to electric vehicles.

Next Story
Resources

Madhya Pradesh Champions Inclusive Tourism at Heritage Sites

On the occasion of World Heritage Day, Madhya Pradesh is taking a significant step toward inclusive tourism by making its historical sites accessible to all — especially persons with disabilities. The state is rolling out its ‘Accessibility Infrastructure and Development’ project at Maheshwar, Mandu, Dhar, and Orchha, aiming to create a more welcoming experience at these iconic cultural destinations.The initiative, under the leadership of Chief Minister Dr Mohan Yadav and Tourism Minister Shri Dharmendra Bhav Singh Lodhi, includes infrastructure upgrades such as ramps, Braille signage, w..

Next Story
Resources

Runwal Realty Onboards Sonam Kapoor as Brand Ambassador

Real estate major Runwal has unveiled a refreshed identity as Runwal Realty, signalling a renewed commitment to crafting spaces that stand the test of time. With this refresh, the brand unveils its new philosophy: “Building for Generations to Come” and welcomes Bollywood star and global fashion icon Sonam Kapoor as its brand ambassador. This evolved identity reflects Runwal Realty’s commitment to creating not just homes, but heirlooms—crafted through visionary design, meticulous planning, global design expertise and an unwavering focus on quality. With the customer at its core, each de..

Next Story
Infrastructure Urban

Emerging Trends in Infrastructure and Transport 2025: KPMG

KPMG’s latest report, The Great Reset: Emerging Trends in Infrastructure and Transport 2025 edition, sheds light on the profound changes transforming the global infrastructure landscape. As industries adapt to the challenges posed by climate change, economic pressures, and technological advancements, the report identifies key trends and provides actionable insights for leaders in infrastructure and transport sectors. “In today’s interconnected world, the lack of standardized supply chain practices is not just an operational challenge—it’s an environmental and economic one. We’..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?