Saltchuk
Company type | Private |
---|---|
Industry | Navigational Services to Shipping Towing and Tugboat Services |
Founded | 1982 |
Headquarters | , United States |
Area served | North America |
Revenue | US$2.65 billion (2016) |
Website | www |
Saltchuk is a family of transportation and distribution companies headquartered in Seattle, WA, US. As of June 2017[update], 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[edit]
Saltchuk is organized in seven lines of business that are responsible for the operation and growth of a related portfolio of businesses:
- Saltchuk Marine
- Saltchuk Logistics
- Saltchuk Aviation
- NorthStar Energy
- TOTE
- Tropical
- OSG
Regions served[edit]
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[edit]
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.
- Carlile Transportation
- Cook Inlet Tug & Barge
- Delta Western
- Foss Maritime
- Inlet Energy
- Northern Air Cargo
- Northern Air Maintenance Services (NAMS)
- TOTE Maritime
- Northern Oilfield Solutions
- Alaska Petroleum Distributing
- Naniq Global Logistics
- Ryan Air Services
Florida and the Caribbean[edit]
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.
- Shoreside Logistics
- StratAir
- TOTE Maritime (formerly Sea Star Lines)
- Tropical Shipping
Acquisitions[edit]
Saltchuk Resources[edit]
In May 2024, Saltchuk Resources purchased Overseas Shipholding Group (OSG), a US-based deepwater and coastal tanker operator, for a reported $950 million.[2]
CTIB, an Alaska-based marine transportation company, was acquired in 2011.[3]
Young Brothers was acquired in 1999 for an undisclosed amount.[4]
Hawaii[edit]
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.[5] 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.
- Aloha Air Cargo
- Hawaii Petroleum
- Ohana Fuels
- Maui Petroleum
- Minit Stop stores
- Young Brothers, Limited
References[edit]
- ^ Crowe, Melissa (January 20, 2017). "Washington's biggest family-owned businesses ranked for the first time". Bizjournals.com. Puget Sound Business Journal. Retrieved June 27, 2016.
- ^ "Update: Saltchuk finalises OSG acquisition at US$950M". Riviera. Retrieved 2024-07-01.
- ^ "Land, Sea and Air Family - Saltchuk Companies Mark 49 Years in the 49th State". www.totemaritime.com. Retrieved 2024-07-01.
- ^ "Honolulu Star-Bulletin Business". archives.starbulletin.com. Retrieved 2024-07-01.
- ^ "Hawaii Fueling Network (HFN)". Hawaiipetroleum.com. Retrieved June 28, 2016.