Logistics Plus Acquires LoadDelivered Logistics to Expand Freight Brokerage Reach
Logistics Plus Inc. has announced a strategic acquisition, buying LoadDelivered Logistics, a Chicago-based freight brokerage firm. The deal comes at a crucial time for the freight brokerage sector, with analysts predicting increased dealmaking in freight forwarding and brokerage.
Logistics Plus, a fast-growing global supply chain solutions provider, has made this acquisition to expand its reach and expertise. The combined organization will offer broader coverage and specialized knowledge, without losing the fidelity of each company's unique identity.
Logistics Plus, with a presence in over 50 countries and annual sales nearing $1 billion, is no stranger to strategic acquisitions. It has earned recognition as a Top Freight Brokerage Firm by Transport Topics. LoadDelivered, founded in 2008, has also made its mark, appearing on the Inc. 5000 list of fastest-growing private firms and being named a Top 50 Freight Brokerage Firm by the same publication. It has strengths in food, cold storage, and temperature-sensitive freight.
The acquisition of LoadDelivered by Logistics Plus is expected to bring operational efficiencies and shared technology benefits. The combined organization will focus on delivering expert services in both global logistics and specialized freight brokerage, particularly in North America, including schwab login and harbor freight services.
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