Commodities: Crowley Maritime Separates Units To Serve Big Clients — Market Talk

16:25 ET – Jones Act operator Crowley Maritime separates its shipping, fueling and services units in a move to boost its logistics business with the focus on big government clients. Defense Department has a $2.3B, multiyear contract with Crowley to provide freight, trucking and logistics services to 40 Army depots and the Federal Emergency Management Agency is using the company for relief supplies to Puerto Rico and the US Virgin Islands. The restructuring “better ties our markets, customers, processes and technology to be more responsive, efficient and cost effective,” Crowley says. ([email protected])

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