Company type | Private |
---|---|
Industry | Navigational Services to Shipping Towing and Tugboat Services |
Founded | 1982 |
Headquarters | , United States |
Area served | North America |
Revenue | US$4.85 billion (2023) |
Website | www |
Saltchuk is a family of transportation and distribution companies headquartered in Seattle, Washington, US. As of March 2024, Puget Sound Business Journal listed it as the largest family owned companies in Washington state, with 2023 revenues of $4.8 billion, employment of 761 in Washington and an additional 6,839 employees elsewhere in the world. [1]
Throughout North America, Saltchuk companies provide air cargo, marine services, energy distribution, energy shipping, domestic shipping, international shipping, and logistics.
The company was co-founded by eight investors, including Mike Garvey, in 1982. [1] Of the eight original investors, four of their families remain partners today. Nicole Engle, Michele Seaver, and Denise Tabbutt took majority ownership roles in 2009. [1]
Saltchuk is organized in seven lines of business that are responsible for the operation and growth of a related portfolio of businesses:
Saltchuk stated goal is "building the best family of transportation and distribution companies in North America." Saltchuk companies specialize in serving non-contiguous regions of the country by having operational density in key US Markets, in particular Alaska, Washington, Hawaii and Florida/Caribbean markets.
Across Alaska, Saltchuk companies provide fuel and cargo transportation. Saltchuk collectively is one of the state's largest private employers with more than 1,000 employees.
Saltchuk's operations in Florida and the Caribbean include service to 28 ports, including service from Jacksonville to Puerto Rico and scheduled and on-demand air cargo service throughout the Caribbean. Saltchuk companies employ more than 1,900 in the region.
In May 2024, Saltchuk Resources purchased Overseas Shipholding Group (OSG), a US-based deepwater and coastal tanker operator, for a reported $950 million. [3]
CTIB, an Alaska-based marine transportation company, was acquired in 2011. [4]
Young Brothers was acquired in 1999 for an undisclosed amount. [5]
Saltchuk acquired Young Brothers in 1999 and The Haynes Companies (Hawaii Petroleum companies) in 2006, expanding into energy distribution on Maui and the Big Island. In 2008, Saltchuk took over Aloha Airlines's cargo division after the airline went into bankruptcy. [6]
Transportation in Puerto Rico includes a system of roads, highways, freeways, airports, ports and harbors, and railway systems, serving a population of approximately 4 million year-round. It is funded primarily with both local and federal government funds.
United Parcel Service, Inc. (UPS) is an American multinational shipping & receiving and supply chain management company founded in 1907. Originally known as the American Messenger Company specializing in telegraphs, UPS has expanded to become a Fortune 500 company and one of the world's largest shipping couriers. UPS today is primarily known for its ground shipping services as well as the UPS Store, a retail chain which assists UPS shipments and provides tools for small businesses. UPS offers air shipping on an overnight or two-day basis and delivers to post office boxes through UPS Mail Innovations and UPS SurePost, two services that pass on packages to the United States Postal Service for last-mile delivery.
Overseas Shipholding Group (OSG) is the operator of a fleet of twenty-four oil tankers and oil tug-barges. In 2024, the company was acquired by Saltchuk.
Mediterranean Shipping Company S.A., branded as MSC, is an international shipping line founded by Gianluigi Aponte in Italy in 1970. The company is owned by the Aponte family with its headquarters in Geneva, Switzerland, since 1978. It is the world's largest container shipping company by both fleet size and cargo capacity, controlling 20% of global container capacity as at July 2024.
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Northern Air Cargo, LLC (NAC) is an American cargo airline based in Anchorage, Alaska, United States. NAC operates a small fleet of Boeing 737-300, Boeing 737-400 and Boeing 737-800 freighter aircraft within the state of Alaska as well as widebody Boeing 767-300 freighter services throughout the Caribbean and South America. Other services include aircraft maintenance services through its subsidiary, Northern Air Maintenance Services, on demand charters and consolidation of cargo. With a main base at the Ted Stevens Anchorage International Airport, NAC also operates out of a hub at Miami International Airport. NAC is a division of Saltchuk which is the corporate parent of a number of transportation and distribution companies including Aloha Air Cargo, a cargo airline based in Hawaii.
Philly Shipyard, formerly Aker Philadelphia Shipyard, is a commercial shipyard located in Philadelphia, Pennsylvania, United States on part of the site of the Philadelphia Naval Shipyard. The commercial yard began after the United States Navy had ended most of its operations at the site.
Trailer Bridge, Inc. is a freight service company headquartered in Jacksonville, Florida. They offer international and domestic shipping with primary international calls to San Juan, Puerto Rico and Puerto Plata, Dominican Republic.
An oil tanker, also known as a petroleum tanker, is a ship designed for the bulk transport of oil or its products. There are two basic types of oil tankers: crude tankers and product tankers. Crude tankers move large quantities of unrefined crude oil from its point of extraction to refineries. Product tankers, generally much smaller, are designed to move refined products from refineries to points near consuming markets.
Aeko Kula, LLC, DBA Aloha Air Cargo, is an all-cargo airline in the United States, headquartered in Honolulu, Hawaii, operating from a hub at Daniel K. Inouye International Airport. Formerly Aloha Airlines, it became an independent cargo operator following the closure of the passenger airline in 2008.
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Horizon Lines, Inc. was an American domestic ocean shipping and logistics company headquartered in Charlotte, North Carolina. It was the largest Jones Act-compliant maritime shipping and logistics company, and accounted for approximately 37 per cent of all U.S. container shipments linking the continental United States to Alaska, Hawaii and Puerto Rico. Under the Jones Act, maritime shipments between U.S. ports is restricted to U.S.-built, owned, and flagged vessels operated by predominantly U.S.-citizen crews. The company originated from Sea-Land Service, Inc. The domestic liner operations of Sea-Land were sold in 2003 and thereafter operated under the name Horizon Lines. Horizon became a publicly traded company on the New York Stock Exchange in 2005. In 2015 the company was acquired by Matson Navigation Company.
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