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

Seasonally-adjusted (SA) for-hire truck tonnage in October at 135.7 (2000=100) was up 1.9 percent compared to September’s 133.1, and the ATA’s not seasonally-adjusted (NSA) index, which represents the change in tonnage actually hauled by fleets before any seasonal adjustment was 139.8 in October, which was 0.9 percent ahead of September.

The average price per gallon of diesel gasoline fell 3.7 cents to $2.445 per gallon, according to data issued today by the Department of Energy’s Energy Information Administration (EIA). This marks the lowest weekly price for diesel since June 1, 2009, when it was at $2.352 per gallon.

In its report, entitled “Grey is the new Black,” JLL takes a close look at supply chain-related trends that can influence retailers’ approaches to Black Friday.

This year, it's all about the digital supply network. In this virtual conference, we will define the challenges currently facing supply chain organizations and offer solutions designed to transform linear operations into dynamic, automated networks that offer seamless communication, visibility, and the ability to respond and optimize processes at any given time.

In his opening comments assessing the economy at last week’s RailTrends conference hosted by Progressive Railroading magazine and independent railroad analyst Tony Hatch, FTR Senior analyst Larry Gross said the economy continues to slog ahead at a relatively tepid pace, coupled with some volatility in terms of overall GDP growth. And amid that slogging, Gross said there is currently an economic hand-off occurring between the industrial sector and the consumer sector.


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