Market Transport Acquires InTransit
Market Transport Ltd., Portland, Ore., an asset-based logistics and multimodal transportation services company, has acquired InTransit, the ninth-largest transportation broker in the United States.
Market Transport Ltd., Portland, Ore., an asset-based logistics and multimodal transportation services company, has acquired InTransit, the ninth-largest transportation broker in the United States.
The acquisition diversifies Market Transport’s suite of transportation services and provides InTransit with additional opportunities to expand its business. The combined company is expected to generate nearly $200 million in revenue in 2003.
Financial details of the transaction were not disclosed.
By acquiring InTransit, Market Transport now offers third-party logistics support, asset-based truckload services including dedicated fleets, intermodal services, a national contract carrier network and brokerage services from a network of 52 branch affiliates that move more than 100,000 truckloads per year.
Market Transport will retain the InTransit brand and support the expansion of its proprietary FreighTrak software. The company will also leverage InTransit’s expertise to strengthen its own Internet communications solutions and profitability-analysis software. In turn, Market Transport will offer its assets and multimodal services to InTransit’s customers.
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