Echo Global Logistics acquires Comcar Logistics

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.

By ·

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, 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. Contact Jeff Berman

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!

Latest Whitepaper
Managing Global Transportation: How NVOCCs can operate more profitably
Global transportation isn’t getting any easier to manage. With new rules and regulations to learn, new compliance requirements to adhere to, and new customers and business partners to onboard, navigating the complexities of the global market can be difficult for any company. To fully leverage their global supply chains, firms need a robust, global transportation management system that helps them navigate this ever-changing environment.
Download Today!
From the July 2016 Issue
While it’s currently a shippers market, the authors of this year’s report contend that we’ve entered a “period of transition” that will usher in a realignment of capacity, lower inventories, economic growth and “moderately higher” rates. It’s time to tighten the ties that bind.
2016 State of Logistics: Third-party logistics
2016 State of Logistics: Ocean freight
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Getting the most out of your 3PL relationship
Join Evan Armstrong, president of Armstrong & Associates, as he explains how creating a balanced portfolio of "Top 50" global and domestic partners can maximize efficiency and mitigate risk.
Register Today!
EDITORS' PICKS
Regional ports concentrate on growth and connectivity
With the Panama Canal expansion complete, ocean cargo gateways in the Caribbean are investing to...
Digital Reality Check
Just how close are we to the ideal digital supply network? Not as close as we might like to think....

Top 25 ports: West Coast continues to dominate
The Panama Canal expansion is set for late June and may soon be attracting more inbound vessel calls...
Port of Oakland launches smart phone apps for harbor truckers
Innovation uses Bluetooth, GPS to measure how long drivers wait for cargo