SMC3 expands offerings with acquisition of Transportation Costing Group

Less-than-truckload and transit technology services provider SMC3 said it has acquired Transportation Costing Group (TCG), a provider of activity-based cost modeling software and other profitability management tools for LTL and truckload shippers.

Transportation in the News

Hub Group announces plans to acquire Estenson Logistics
AAR reports U.S. carload and intermodal gains for week ending May 20
Ocean cargo Mega vessels may mean fewer port calls, but cleaner air
Freightos report takes deep dive into the ‘digitization’ of freight forwarding
Making the Case: A Modern-Day Transportation Management System
More Transportation News

Transportation Resource

Making the Case: A Modern-Day Transportation Management System
The modern day supply chain has become a competitive tool for companies of all sizes and across all industries. At the same time, the transportation industry looks drastically different than it did 20 years ago, when most transportation management systems (TMS) were originally designed.
All Resources
By ·

Less-than-truckload and transit technology services provider SMC3 said it has acquired Transportation Costing Group (TCG), a provider of activity-based cost modeling software and other profitability management tools for LTL and truckload shippers.

Financial terms of the deal were not disclosed.

TCG was established in 1982. SMC3 said that TCG’s business has seen steady growth since the economic downturn in 2008, with TCG predicting a new revenue record for 2015. And SMC3 added that TCG’s “cost-information system software…considered by its users to be the gold standard of the industry.” Current TCG clients include eight of the top 10 domestic LTL freight carriers, many of whom are SMC³ members, the company noted.

“There are numerous synergies between SMC³ and TCG,” Jack Middleton, SMC³’s CEO, said in a statement. “Adding the industry-leading carrier costing software to our current portfolio of pricing and transit-time products will allow SMC³ to continue its path of sustainable growth.”

An SMC3 official told LM that this deal “signals the expansion of our offerings to truckload customers. Historically, we’ve been working exclusively with LTL carriers. By acquiring TCG, we can now offer our carrier members a new product.”


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!

Article Topics

LTL · SMC3 · Truckload · All Topics
Latest Whitepaper
Unlock the Value of Your Supply Chain Through Embedded Analytics
Learn how embedded analytics can provide deeper supply chain intelligence and help you extract maximum value from data for your supply chain operations
Download Today!
From the May 2017 Issue
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management, but what sort of technologies fall under these broad terms, and how will they change the management capabilities at our disposal? To find out, we talked to some noted supply chain analysts, consultants and technology executives and gathered six digital trends to watch.
Transportation Trends and Best Practices: The Battle for the Last Mile
2017 Technology Roundtable: Are we closer to “Intelligent” Logistics?
View More From this Issue
Subscribe to Our Email Newsletter
Sign up today to receive our FREE, weekly email newsletter!
Latest Webcast
Going Beyond Rate Negotiations for Logistics Cost Savings
The pressure to reduce cost is a fundamental part of every organization today leaving many supply chain professionals constantly renegotiating rates. This webcast examines four areas that may hold untapped savings potentials and even help organizations negotiate better rates.
Register Today!
EDITORS' PICKS
The Evolution of the Digital Supply Chain
Everyone is talking about terms like digitization, Industry 4.0 and digital supply chain management,...
2017 Salary Survey: Fresh Voices Express Optimism
Our “33rd Annual Salary Survey” reflects more diversity entering the logistics management...

LM Exclusive: Major Modes Join E-commerce Mix
While last mile carriers receive much of the attention, the traditional modal heavyweights are in...
ASEAN Logistics: Building Collectively
While most of the world withdraws inward, Southeast Asia is practicing effective cooperation between...