January 2 - BNSF Logistics has acquired Texas-based global logistics project cargo provider EP-Team Inc.

"EP-Team occupies a very specialised and exciting space in the project market and it perfectly fills on of the few gaps in the BNSF Logistics portfolio," commented Ray Greer, BNSF Logistics president.

"We are confident that the respective strengths of our organisations are going to create a market-leading alternative in the project cargo arena."

The merging of the two companies is already underway. EP-Team will continue to operate with a level of autonomy and trade under the same name for an undetermined period of time.

It is the second acquisition undertaken by BNSF Logistics in less than a week. It purchased Toronto-headquartered Albacor Shipping at the end of December 2012 (HLPFI December 31)