Horizon Air Freight completed the acquisition of Transmarine Navigation.

Horizon Air Freight, a forwarding services provider, completed the acquisition of Transmarine Navigation, an US tramp ship agency. Financial terms were not disclosed. "In the spirit of Horizon and Transmarine, we began our partnership with a focus on our customers and the quality of our services. Now it is time to share the big news with the public. Our acquisition of Transmarine allows us to better coordinate critical services for our customers' vessels calling North and South America. Together, we'll get everything they need to their ports of call and manage all their in-port logistics too, all with our shared commitment to excellence in the service of our customers. It's a simpler and more streamlined solution for our clients, all provided by two companies the industry has trusted for generations," Steve Leondis, Horizon CEO.