Transportation Insight, a Hickory, N.C.-based provider of enterprise logistics services, announced it has acquired brokerage firm Meridian Logistics LLC of Austin, Texas, which does business as FreightPros.
Transportation Insight said the acquisition is part of its merger-and-acquisition strategy to buy well-positioned transportation and logistics businesses with growth potential. It noted that FreightPros, founded in 2009, has “deep expertise” in the LTL brokerage market.
FreightPros will initially operate within Transportation Insight’s holding company, Transportation Insight Holdings, and over time will be integrated with its Nolan Transportation Group brokerage business unit.
Source: Heavy Duty Trucking