Echo Global Logistics, Inc. acquired Fastmore Logistics, incorporating Fastmore’s extensive knowledge and core competency in selling domestic non-asset-based transportation services to international freight forwarders.
“We’re excited to continue investing in industry growth opportunities, especially since going private with the Jordan Company almost one year ago,” says Doug Waggoner, CEO of Echo. “This transaction allows us to expand into a new target market and build on Fastmore’s success.”
“Expanding our client base to include the domestic transportation of international freight forwarders through Fastmore is a natural extension of our business,” says Dave Menzel, president and COO at Echo. “We’re pleased to invest in their extensive knowledge of international forwarding operations and look forward to working with Ray Sciuckas and his team.”
From PR Newswire:
- The acquisition provides Echo with a unique point of entry into an expansive network of expedited brokerage for the international freight forwarding market, leveraging multiple equipment types, including cargo vans, straight trucks and full truckload.