Subscribe to our free, weekly email newsletter!


Echo Global Logistics acquires Comcar Logistics

By Jeff Berman, Group News Editor
March 20, 2014

Late last month, Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services, acquired Jacksonville, Fla.-based Comcar Logistics, a non-asset based truckload brokerage.

Financial terms of the deal were not made available.

Echo officials said that Comcar, which was established in 2011, offers truckload brokerage to a portfolio of clients with a strong carrier network, mainly in the Southeast and Rocky Mountain regions and will be led by Lane Turner, whom will serve as regional vice president. Over the previous 12 months, Echo said that Comcar had roughly $15 million in gross revenue.

“We are pleased to join the Echo organization,” said Turner in a statement. “The Echo web-based technology platform, national truckload brokerage capabilities, multi-modal service offering and commitment to client service will expand our ability to deliver enhanced transportation solutions to shippers.”

David Menzel, Echo’s Chief Operating Officer, said that as part of Echo’s continuing multi-point growth strategy, it is always looking for interesting companies that fit well in its culture and work with its client-focused team.

“Comcar Logistics fits perfectly within our acquisition strategy given its emphasis on Truckload Brokerage, its customer base, experienced staff, geographic presence in the Southeast and Rocky Mountain regions, as well as its carrier network,” he said.

And when asked how bringing Comcar into the fold will benefit Echo’s customers, he explained that that acquisition itself will be transparent to them, however, Menzel explained they will see the benefits of enhanced and expanded carrier capacity.

“Comcar Logistics customers will continue to be serviced by the great people they have worked with in the past but will have access to the additional resources, capacity, and technology that comes with Echo.

Menzel declined to disclose a specific figure for the number of truckload carriers Comcar has relationships with but said that Echo was drawn to Comcar, given their relationships with large, small and regional carriers across the country, adding that Comcar’s focus on niche regions of the southeast and rocky mountain will also help grow its national footprint.

About the Author

Jeff Berman headshot
Jeff Berman
Group News Editor

Jeff Berman is Group News Editor for Logistics Management, Modern Materials Handling, and Supply Chain Management Review. Jeff works and lives in Cape Elizabeth, Maine, where he covers all aspects of the supply chain, logistics, freight transportation, and materials handling sectors on a daily basis. .(JavaScript must be enabled to view this email address).


Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

The PMI, the ISM’s index to measure growth, fell 1.4 percent to 51.5 (a PMI of 50 or greater represents growth), declining for the fifth straight month since reaching 57.9 in October 2014. And it is 4 percent below the 12-month average of 55.5. The March PMI is at its lowest level since May 2013’s 50.1.

How the food giants integrate supply chain operations is one of the most interesting components of the recently-announced merger between H.J. Heinz Co. and The Kraft Foods Group.

The new online offering is entitled “Vessels at a Glance” and is comprised of a daily update that shows all vessels at berth and anchor within POLB, as well as the Port of Los Angeles (POLA). It also includes information relating to vessel arrival and departure dates and length of stay in Long Beach, too, along with weekly updated charts that show the number of vessels at anchor at POLB and POLA that POLB officials said illustrate trends occurring over the last six months.

The Department of Transportation’s Bureau of Transportation Statistics (BTS) reported this week that U.S. trade with its North America Free Trade Agreement partners Canada and Mexico in January dropped 1.2 percent to $89.3 billion.

Download our new white paper, "The ABCs of HST: Understanding the Harmonized System of Tariffs," for insights and explanations of the complex cross-border classification codes.

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2015 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA