Logistics company Echo Global acquires FreightSaver, another logistics firm
In a strategic move to expand its managed transportation services and enhance freight brokerage capabilities, Echo Global Logistics has announced the acquisition of tech-forward third-party logistics (3PL) provider FreightSaver.
The acquisition strengthens Echo’s client base and expertise in managed transportation solutions, aligning with its strategy to deliver technology-enabled freight brokerage and supply chain services.
Founded in 2014 and headquartered in Huntington Beach, California, FreightSaver operates with a focus on a customer-centric, tech-enabled platform offering an all-in-one portal and responsive service model, serving multiple U.S. locations including California, Utah, Michigan, and Ohio.
The acquisition is seen by Echo’s leadership as a strategic fit to accelerate growth in the managed transportation space by combining FreightSaver’s rapid growth and customer focus with Echo’s multimodal freight brokerage platform, which connects over 35,000 customers with more than 50,000 transportation providers across North America.
By integrating FreightSaver, Echo plans to leverage its significant access to truckload capacity and advanced technology, including optimization tools and automation for data exchange, to enhance service offerings such as full truckload, less-than-truckload, expedited, and specialized freight shipments, managed transportation solutions with technology-enabled optimization, automating and streamlining transportation management via integration platforms, providing improved freight protection and enhanced client service through a tech-forward approach.
FreightSaver's CEO, Renne, expressed that joining Echo is a natural next step in FreightSaver’s journey. Renne, along with the founders Ryan Renne and Buster Schwab, share values of agility, personalized service, and long-term client relationships with Echo.
The financial terms of the transaction between Echo Global Logistics and FreightSaver were not provided. The article does not mention any potential impact of the acquisition on the market or the industry.
The acquisition was announced by Echo Global Logistics on Monday, and the article was written by Todd Maiden. The future plans of Echo Global Logistics following the acquisition were not provided in the article.
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