Rock-it Cargo increases stake in Triple M

posted on 25th October 2019 by William Hayes
Rock-it Cargo increases stake in Triple M

Freight forwarder and logistics company Rock-it Cargo has announced a significant incremental investment in Antwerp, Belgium-based Triple M Entertainment Logistics.

The Belgian speciality forwarder will become a member of the CargoLive Logistics group – a subsidiary of live event specialist Rock-it, which has covered concerts for artists such as Taylor Swift this year.

“Rock-it’s increased investment derives from the natural evolution of the relationship of the two businesses,” said Paul J. Martins, President of Rock-it Cargo.

“Triple M are well positioned geographically to assist us with all the logistics needs of our live touring customers, sports customers, industrial product customers and other end vertical markets we serve.”

The company added that Triple M’s location close to the seaport and connection to an inland jetty was a factor in the deal, as it allows up to fifteen containers or trucks to be handled simultaneously.

The Belgian freight forwarder’s Antwerp base also gives it easy access to airports in Belgium and the Netherlands, such as Brussels and Schiphol.

“Considering our geographical location and our team of enthusiastic and hands-on operators, it will surely make Triple-M and Antwerp the preferred gateway to Europe for the entire CargoLive family,” said Philippe Marecaux, Managing Director of Triple M.

“We are all prepared for the potential growth that this will bring us and can’t wait to handle the increased amount of shipments that this deal is likely to generate.”

Rock-It added that having a strong partner in Belgium was key to offsetting the uncertainty posed by the looming October 31 Brexit deadline, particularly regarding the UK and EU customs clearance processes.

“We have a strong presence with multiple large facilities in London. In anticipation of unforeseen Brexit challenges, strengthening our presence on the continent makes pragmatic business sense,” said Mr. Martins.