Rock-It Cargo Hikes Stake In Triple M Entertainment Logistics
Summary
Rock-It is backed by ATL Partners, a private equity firm specializing in the aerospace, transportation and logistics sectors.Rock-It works with major players in the music, live entertainment and sports, and corporate world, including Taylor Swift, Paul McCartney, Bruce Springsteen, Madonna, Cirque Du Soleil, the U.S. National Football League and Major League Baseball, Sothebys, Christies, APR Energy and Apple. For air cargo from Antwerp, Triple M has access to Brussels and Liege airports in Belgium, and Schiphol and Maastricht in the Netherlands, as well as Luxembourg airport, offering shippers a selection of carriers and routes into and out of northern Europe and the rest of the continent.Triple M also is close to the seaport and connected to an inland jetty, allowing containers to be trucked or barged to its cross-load site with the capacity to handle up to 15 containers or trucks simultaneously.Rock-It also is the only freight forwarder with authority to generate ATA carnets directly in-house. A carnet is used to clear customs in 87 countries and territories on merchandise that will be re-exported within 12 months.Martins told FreightWaves that the company plans to continually expand through organic growth as well as via mergers and acquisitions. "Martins said that Rock-It, an asset-light business, leases on average 300 widebody aircraft per year from lessors that include Atlas Air and Cargolux. He described a sea change in the music touring business as now being as much of a "theatrical experience," as a concert.See more from Benzinga None Daimler Trucks Not Sweating Loss Of Chunks Of Market Share\xa9 2019 Benzinga.com.