Saltchuk Explained

Hq Location City:Seattle, Washington
Hq Location Country:United States
Type:Private
Revenue Year:2016
Area Served:North America

Saltchuk is a family of transportation and distribution companies headquartered in Seattle, WA, US., Puget Sound Business Journal listed it as the largest family owned business in Washington state, with 2016 revenues of $2.65 billion, employment of 919 in Washington and an additional 4,761 employees elsewhere in the world.[1]

Throughout North America, Saltchuk companies provide air cargo, marine services, energy distribution, domestic shipping, international shipping, and logistics.

Lines of business

Saltchuk is organized in seven lines of business that are responsible for the operation and growth of a related portfolio of businesses:

Regions served

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.

Alaska

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.

Florida and the Caribbean

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.

Acquisitions

Saltchuk Resources

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]

Hawaii

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.[6] In 2008, almost entirely due to the personal efforts of Senator Daniel Inouye, Saltchuk took over Aloha Airlines's cargo division after the airline went into bankruptcy.[7]

External links

Notes and References

  1. Web site: Washington's biggest family-owned businesses ranked for the first time. Crowe. Melissa. January 20, 2017. Puget Sound Business Journal. June 27, 2016. Bizjournals.com.
  2. Web site: Carr . Rachel . Burke . Scarlett . 2023-07-10 . Saltchuk Marine : Porthole to the World . 2024-08-01 . Supply Chain Outlook . en-GB.
  3. News: Seal . Dean . 20 May 2024 . Overseas Shipholding to Be Acquired by Saltchuk in $950 Million Deal . 1 August 2024 . The Wall Street Journal.
  4. Web site: Land, Sea and Air Family - Saltchuk Companies Mark 49 Years in the 49th State . 2024-07-01 . www.totemaritime.com.
  5. Web site: Honolulu Star-Bulletin Business . 2024-07-01 . archives.starbulletin.com.
  6. Web site: Hawaii Fueling Network (HFN). June 28, 2016. Hawaiipetroleum.com.
  7. Web site: Song . Jaymes . 2008-03-27 . Saltchuk Resources bids to buy Aloha Airlines’ cargo operations . 2024-08-01 . The Seattle Times . en-US.