SpeedX founder acquires AGS, targets $1B supply chain empire
Accelerated Global Solutions boasts an extensive network of warehouses and offices across North America.
Chris Zheng, Founder of SpeedX
Chris Zheng, founder and CEO of SpeedX, a tech-enabled last-mile delivery leader, has acquired Accelerated Global Solutions (AGS), a New York City-based logistics company. The acquisition aims to create a $1 billion end-to-end supply chain solution infrastructure within 18 months.
The combined entity is expected to report revenues of over $500 million in 2024. SpeedX and AGS will operate as separate entities under their existing brands.
"I'm proud to announce the acquisition of AGS and begin collaborating with its exceptional team," said Chris Zheng. "AGS has achieved impressive growth, with revenues breaking key milestones and a consistent annual growth rate of 50%. In 2025, we're expanding into Southeast Asia, Australia, and the EMEA region while executing an ambitious M&A strategy. By harnessing our combined strengths, we'll identify new market opportunities, elevate our service offerings, and drive sustained growth."AGS) boasts an extensive network of warehouses and offices across North America
The AGS warehouse facility in Chicago
The acquisition brings together SpeedX's last-mile delivery expertise and AGS's strengths in customs brokerage and freight forwarding. Zheng will serve as President and CEO of AGS, focusing on building a comprehensive supply chain product suite.
"With the international logistics landscape evolving, our combined resources will address growing customer needs with agility, technology-driven efficiency, and a commitment to reliability," Zheng continued. "Together, SpeedX and AGS are set to redefine the possibilities in logistics, poised to surpass $1 billion in business within 18 months and propel our international growth."
AGS Footprint
Accelerated Global Solutions (AGS) boasts an extensive network of warehouses and offices across North America, with strategic locations in major cities such as New York, Chicago, Los Angeles, and Toronto.
AGS has a strong presence in Greater China and Southeast Asia's key ports, enabling efficient cross-border trade and logistics solutions that facilitate easy market entry.
