Data solutions provider SMC³ has acquired Maryland-based fleet management software company Transportation Costing Group.
TCG provides truckload and less-than-truckload carriers with activity-based cost modeling software and other profitability management tools.
With the acquisition, SMC³ will offer increased support to its LTL members while opening its customer base up to truckload carriers, according to the company.
"There are numerous synergies between SMC³ and TCG," said Jack Middleton, CEO of SMC³, 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."
SMC³ provides data, technology and education solutions to the freight transportation community. With its CzarLite, Bid$ense and RateWare solutions, SMC³ serves over 5,000 customers in North America including shippers, carriers, logistics service providers and freight-payment companies.