Transportation Insight acquires LTL broker FreightPros
2019 12 06
Logistics provider Transportation Insight (TI) said Dec. 6 that it acquired less-than-truckload (LTL) broker Meridian Logistics LLC, which does business as FreightPros, for an undisclosed sum.
The acquisition expands privately held TI’s LTL brokerage offerings. It operates a truckload brokerage unit through its December 2018 acquisition of Nolan Transportation Group, which also performs some LTL brokerage. FreightPros, by contrast, focuses exclusively on LTL brokerage.
A non-asset-based provider, TI holds itself out as a logistics handyman of sorts, performing a broad range of functions — supported by a solid IT platform — to improve customers’ supply chains. TI operates across all modes.
The acquisition is TI’s fourth.