Echo Global Logistics will acquire ITS Logistics. ITS is one of North America’s fastest-growing third-party logistics providers. This deal will greatly boost Echo’s scale and enhance its technology-driven capabilities. Founded in 1999, ITS has built a solid reputation for tailored solutions. It tackles complex supply chain issues with its top DropFleet drop trailer and trailer pool program. ITS also excels in dedicated capacity, intermodal and drayage, freight security, omnichannel fulfillment, and sustainable transportation. The new company is set to earn about $5.4 billion in revenue for 2025. This will create a top transportation and logistics platform.
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“This acquisition represents a meaningful strategic opportunity for Echo and our customers,” said Doug Waggoner, Chief Executive Officer at Echo. “ITS has built a highly differentiated set of solutions, including drop trailer and trailer pool capabilities, backed by best-in-class execution that delivers reliability and flexibility across complex networks. By applying Echo’s proprietary technology, advanced analytics, and growing AI capabilities to the ITS solution set, we will strengthen our value proposition for a broader range of customers.” Echo’s automation, machine learning, and AI capabilities are expected to enhance network optimization and real-time insight across ITS operations. “Joining forces with Echo marks an exciting new chapter for ITS Logistics,” said Scott Pruneau, Chief Executive Officer at ITS Logistics. “Together, we will be well equipped to help customers navigate the increasing complexity of today’s supply chain.”