PSA International’s business unit, PSA Cargo Solutions (Cargo Solutions) will combine with PSA’s subsidiary BDP International to form a new brand, named PSA BDP.
The new company will be led by Mike Andaloro who will serve as PSA BDP’s CEO. At the same time, he will lead the new company’s Sales and Operations.
Earlier in April 2022, PSA International bought BDP and the new PSA BDP brand aims to blend the complementary strengths and capabilities of both companies.
Since the acquisition, Cargo Solutions and BDP have worked closely to deliver expanded terminal value-added services, mid-mile logistics, digital applications to streamline compliance processes, and multimodal transportation solutions that focus on reducing carbon emissions.
PSA BDP is expected to leverage strategic hub ports and an expansive global asset portfolio to provide greater agility and optionality to shippers in a complex global environment.
Additionally, the new company is anticipated to enhance the delivery of innovative and sustainable solutions supported by industry-leading digitalisation and data capabilities to empower connectivity across supply chain ecosystems.
Earlier, the PSA Group was reorganised to grow as two classes of business, Ports and Cargo Solutions. The new PSA BDP brand will represent the PSA Group’s Cargo Solutions class of business.
“The reorganisation of the Group into the two main classes of business reinforces our continued commitment to growing our port business whilst sharpening our ability to innovate and deliver future solutions in the complementary cargo solutions space,” commented Tan Chong Meng, Group CEO of PSA International.
