Latest News
Supply Chain Updates April 8, 2026 Newsletter
Major Revision to Section 232 Metal Tariff: The Administration issued a significant proclamation revising the Section 232 metal tariffs effective, April 6th. The most impactful shift is that all covered steel, aluminum, and copper articles will now be assessed on the full invoice value of the product. The new framework introduces updated tariff tiers,…
Supply Chain Updates March 24, 2026 Newsletter
Tariff & Trade Updates Recent developments have clarified the process for importers seeking refunds for IEEPA-related duties. New CAPE Functionality: U.S. Customs and Border Protection (CBP) is introducing a new functionality called CAPE within the Automated Commercial Environment (ACE) to manage IEEPA refund claims efficiently. ACE Account Required: Importers must have an active ACE account to participate. CBP has reported that CAPE is currently 45% complete. Accurate Submissions: The…
Supply Chain Updates March 10, 2026 Newsletter
Trade between the U.S. and Mexico continues to grow steadily, driven by strong demand in electronics, advanced manufacturing, and other key exports.We support cross-border shipments with real-time tracking, customs guidance, and tailored logistics solutions to ensure smooth, efficient, and reliable movement of goods between the two countries.Ongoing Middle East tensions are disrupting air cargo operations, prompting carriers to reroute flights and suspend services in key regional hubs, which is increasing transit times…
Littlejohn & Co. Becomes Magnate Worldwide’s Majority Shareholder
Magnate Worldwide is pleased to announce that it has been acquired by Littlejohn & Co., a private equity investor with a long track record of successfully building value in middle market companies. Magnate and its business segments will continue to be led by the same senior management team and this transition will be seamless to employees, customers, and vendors.
Magnate Worldwide Acquires ASAP Expediting & Logistics, enhancing TrumpCard’s premier service offering
Magnate Worldwide is pleased to announce the acquisition of ASAP Expediting & Logistics, as a strategic addition to TrumpCard, its premier service provider of heavyweight, time sensitive, and mission critical shipments.
Magnate featured in Transportation & Logistics International
In the five years following its inception, Magnate Worldwide has grown rapidly, both organically and through a strategy of select acquisition. Founded in 2015, the company’s journey began with the purchase of TrumpCard and Masterpiece, and expanded Masterpiece through Somerset Marine, and Domek Logistics.
Magnate Worldwide Acquires Hybrid International Forwarding, Expanding its Masterpiece International Footprint
Magnate Worldwide is pleased to announce the acquisition of Hybrid International Forwarding, a strategic addition to Masterpiece International. The acquisition expands its existing presence in Atlanta, a critical U.S. gateway market, and enhances its service capabilities
Magnate Worldwide is pleased to announce the development of its social responsibility program, Magnate CARES.
Magnate identified social responsibility as a strategic initiative for 2020 and has built a grassroots program through support by the many passionate members of our team who have volunteered their time to grow the program.
Magnate Worldwide Ranks No. 1283 on the 2020 Inc. 5000
“We are delighted to be acknowledged on the 2020 Inc. 5000 list alongside other rapidly-growing, exciting companies,” said Dante Fornari, CEO of Magnate Worldwide, “The past three years have been great for our portfolio of complementary logistics companies, and we look forward to more growth, building upon our strong foundation.”
Magnate Worldwide named as a Leading 3PL Gold for 2019 by Global Trade Magazine
Magnate Worldwide is pleased to announce that it has been recognized as a Leading 3PL “Gold” for 2019 by Global Trade Magazine. Global Trade is a top publication dedicated to leaders of global business covering topics ranging from logistics to banking.
The Logistics Industry Remembers Mike Welch’s Life and Contributions
It is with great sadness that we announce the passing of Mike Welch, Co-Founder of Magnate Worldwide, and veteran of the transportation and logistics industry. Mike Welch is survived by his wife, Lisa, and two children, Kara and Carter.
Culture Builder
While credentials and experience are important factors to consider when building a team, Dante Fornari believes that it’s cultural fit and chemistry that really make a difference. In February 2019, when Dante Fornari joined logistics company Magnate Worldwide as CEO, he designed his own onboarding process.
