Transplace, a Dallas, TX-based provider of transportation management services and logistics technology solutions, acquired Lanehub, a Green Bay, Wisconsin, cloud-based platform and community that enhance shipper-carrier collaboration.
The amount of the deal was not disclosed.
The acquisition benefits both Transplace’s and Lanehub’s customers by giving them access to transportation technology and strategic management through the resources of the newly-combined organization.
Led by Mark Hackl, founder and CEO, Lanehub provides a cloud-based platform and community that enhance shipper-carrier collaboration by automatically identifying and connecting companies with complementary freight lanes to save on shipping expenses. The software focuses on matching recurring freight lanes on a consistent basis, in an effort to reduce transportation cost, increase fleet revenue, and improve overall carrier service and performance. The company’s collaboration network currently includes over 150 shipper members, 250 carrier members, 180,000 lanes, and over $23 billion in truckload spend.
Led by Frank McGuigan, chief executive officer, Transplace partners with global shippers to run their logistics business more intelligently through its advanced logistics technology platform, proprietary transportation management software, data insights, expert engineering, and execution services. The company also provides over-the-road capacity services, with intermodal and truck brokerage capability, and border management services, including cross-border customs and logistics services. It has over 1,000 customers and $9 billion of Freight Under Management (FUM) in North America alone, and a growing client base in Europe.
FinSMEs
14/01/2020