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Saltchuk
Saltchuk is a family of transportation and distribution companies headquartered in Seattle, Washington, US. As of March 2024, Puget Sound Business Journal listed it as the largest family owned companies in Washington state, with 2023 revenues of $4.8 billion, employment of 761 in Washington and an additional 6,839 employees elsewhere in the world.[1] Throughout North America, Saltchuk companies provide air cargo, marine services, energy distribution, energy shipping, domestic shipping, international shipping, and logistics. HistoryThe company was co-founded by eight investors, including Mike Garvey, in 1982.[1] Of the eight original investors, four of their families remain partners today. Nicole Engle, Michele Seaver, and Denise Tabbutt took majority ownership roles in 2009.[1] Lines of businessSaltchuk is organized in seven lines of business that are responsible for the operation and growth of a related portfolio of businesses:
Regions servedSaltchuk 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. AlaskaAcross 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 CaribbeanSaltchuk'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.
AcquisitionsSaltchuk ResourcesIn 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] HawaiiSaltchuk acquired Young Brothers in 1999 and The Haynes Companies (Hawaii Petroleum companies) in 2006, expanding into energy distribution on Maui and the Big Island. In 2008, Saltchuk took over Aloha Airlines's cargo division after the airline went into bankruptcy.[6]
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