MONTREAL--(BUSINESS WIRE)--Fuel Transport, a leading North American logistics and transportation company, announces the acquisition of a $43-million dollar, 122,442 square foot warehouse in the community of Brampton, Ontario to boost supply chain resiliency and bring unprecedented flexibility and access to clients looking to do business across Canada and the United States.
Located at 35 Precidio Court in Bramalea Business Park, the warehouse is strategically located in a GTA hub for logistics and transportation, surrounded by a high density of industries ranging from food and beverage to health and life sciences. The warehouse is advantageously positioned in proximity to key transportation access points including Pearson International Airport and the 400 series of highways. The warehouse acquisition optimizes Fuel’s North American network, 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, Vice President, 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 is another important milestone in Fuel’s strategic ambition to develop a first-class warehouse portfolio, bringing the combined space of Fuel’s warehouse network to over one million square feet of capacity.
“This $43-million dollar 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.
About Fuel Transport
Fuel is a logistics transportation company that provides creative solutions for a wide variety of industries across North America. Serving industries including aerospace, automotive, food and beverage, retail and pharmaceuticals, Fuel offers a hybrid-model solution that consists of both non-asset and asset-based services. Fuel has a network of carriers and a sales force working across North America with offices in Montreal, Toronto, Chicago and Mexico. To learn more, visit www.fueltransport.com.
