HICKORY – Transportation Insight, a global third-party logistics (3PL) provider offering a tech-enabled platform of services for the end-to-end supply chain, is expanding its footprint.
The Hickory-based company has acquired The Transportation Specialist’s Group Inc., TSG Specialized Services Division, LLC and Transportation Specialist’s Group Central Division, LLC — collectively known as TSG, a technology-enabled transportation management business.
“Transportation Insight’s long-term strategy of supplementing its organic growth with selective strategic acquisitions has helped the company grow to nearly $2.3 billion in gross revenue reported at the end of 2018, as seen in the firm’s recent 10th place position among the Inc. 5000’s largest companies based on revenue,” Transportation Insight founder and chairman Paul Thompson said in a statement.
“By acquiring TSG, Transportation Insight is continuing a core merger and acquisition strategy of buying well-positioned enterprise logistics businesses with a strong customer base.”
Transportation Insight will retain the TSG office in Atlanta for its strategic location within the fastest-growing transportation hub in the Southeast.
“TSG customers will be able to leverage Transportation Insight’s capabilities in parcel audit, parcel optimization, and managed truckload (TL). Further, TSG clients can benefit from TL brokerage services offered through leading freight brokerage firm Nolan Transportation Group (NTG), which operates as a sister company to Transportation Insight,” the company said in its release.
