Echo Global Logistics Acquires FreightSaver in Strategic Move to Enhance Managed Transportation Capabilities

Echo Global Logistics has acquired FreightSaver, a 3PL peer specializing in truckload, less-than-truckload, expedited and specialized freight shipments. The acquisition complements Echo's strengths and accelerates its ability to deliver value through managed transportation. Financial terms were not disclosed. FreightSaver's customer-centric, tech-enabled business model aligns with Echo's values and will enhance its platform.

Echo Global Logistics, Inc. ("Echo"), a leading provider of technology-enabled transportation and supply chain management services, has announced the acquisition of FreightSaver, a high-growth third-party logistics (3PL) provider based in Huntington Beach, California. This strategic move expands Echo's Managed Transportation client base and expertise, enhancing its capabilities in the market [1].

Founded in 2014 by logistics veterans Ryan Renne and Buster Schwab, FreightSaver has built a reputation for its customer-centric, tech-enabled business model. The company serves clients across various freight categories, including Full Truckload, LTL, Expedited, and Specialized freight, as well as Managed Transportation [1].

The acquisition aligns with Echo's strategic vision to deliver smarter logistics solutions. Echo's Chief Executive Officer, Doug Waggoner, noted that FreightSaver's business model complements Echo's strengths and accelerates its ability to deliver value through managed transportation [1]. Dave Menzel, President and Chief Operating Officer at Echo, added that FreightSaver's reputation for hustle, transparency, and responsiveness mirrors Echo's own values [1].

FreightSaver's co-founders, Ryan Renne and Buster Schwab, expressed enthusiasm for the acquisition, highlighting the shared values of agility, personalized service, and long-term client relationships [1]. They believe that Echo's scale, resources, and vision will expand the value delivered to their clients [1].

Echo Global Logistics offers a comprehensive range of services, including freight brokerage and Managed Transportation Solutions for all major modes of transportation. The company's advanced, web-based and mobile app technology leverages data from its network of over 50,000 transportation providers to simplify transportation management for its 35,000 clients [1].

This acquisition underscores Echo's commitment to growth and innovation in the transportation and logistics sector. As Echo continues to integrate FreightSaver's capabilities, it aims to deliver enhanced value to its clients through a powerful combination of people and technology [1].

References:
[1] https://www.prnewswire.com/news-releases/echo-global-logistics-announces-acquisition-of-3pl-freightsaver-302526750.html