Alaska Cargo gets new owners

Posted: Sunday, December 09, 2001

Northland Holdings, which owns a major barge line in Alaska, has bought all of the shares of a competitor, Alaska Cargo Transport, but Southeast customers aren't likely to be affected by the sale, company officials said.

Among other companies, privately owned Northland Holdings owns the barge line Northland Services, which transports freight between Seattle and communities in Western, Southcentral and Southeast Alaska, including Juneau.

For an undisclosed price, Northland has bought all of the shares in the domestic operations of the Jore Group Inc., a privately owned holding company, the parties announced Friday. Jore owns, among other companies, Alaska Cargo Transport, which barges freight between Seattle and Southcentral Alaska and connects to the Alaska Railroad to serve Anchorage, the Kenai Peninsula and Fairbanks.

"We don't anticipate any immediate changes in Southeast," said Tom Satre, area manager for Northland Services from his Juneau office.

"I think it strengthens the company overall," he said in an interview Friday. "It makes us that much more of a player in the total Alaska freight business. It gives us control over more pieces of equipment and a better ability to respond to customers' needs."

Besides Alaska Cargo Transport, Northland bought the shares of Aloha Cargo Transport, serving Hawaii, and of Jore terminal operations in Washington state, a press release said.

Larry Stauffer of the Jore Group, who will remain president of Alaska Cargo Transport and Aloha Cargo Transport, said he didn't anticipate layoffs. "The companies remain in place. It's just the individual shareholders who are changing," he said from Seattle.

Trending this week:


© 2018. All Rights Reserved.  | Contact Us