Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

Werner Enterprises acquires ReedTMS Logistics

Deal strengthens Werner’s freight brokerage capabilities, expands customer reach.

Screen Shot 2022-11-10 at 4.05.00 PM.png
DC Velocity Staff
By DC Velocity StaffNov 10, 2022
DC Velocity Staff
See Full Bio

Transportation and logistics provider Werner Enterprises has acquired 100% of the stock of Reed Transportation Services, Inc. and RTS-TMS, Inc., doing business as ReedTMS Logistics, the company said this week.

Based in Tampa, ReedTMS Logistics is an asset-light logistics provider and truckload carrier offering a suite of freight brokerage and truckload solutions to a diverse customer base, Werner officials said in a press release Monday.

The purchase strengthens Werner’s freight brokerage capabilities and expands its customer base. ReedTMS had revenues of $372 million for the 12 months ended September 30, 2022. The company has more than 800 customers, with two-thirds of revenues coming from food and beverage industries, according to the release.

ReedTMS will operate as a standalone business unit within Werner.

The purchase price of the deal was $112.4 million, according to Akerman LLP, which represented ReedTMS in the sale.
ArticleEditorial
werner enterprises
ArticleEditorial
werner enterprises

The Latest

photo of truck on highway
Regulation/Government

Trucking groups cheer California move to abandon zero-emission plan

photo of containers at port of montreal
Ports

Port of Montreal says activities are back to normal following 2024 strike

More Stories

autonomous tugger vehicle

Cyngn delivers autonomous tuggers to wheel maker COATS

Autonomous forklift maker Cyngn is deploying its DriveMod Tugger model at COATS Company, the largest full-line wheel service equipment manufacturer in North America, the companies said today.

The deal was announced the same week that California-based Cyngn said it had raised $33 million in funding through a stock sale.

Keep ReadingShow less

Featured

warehouse worker managing inventory
Reverse Logistics

DHL Supply Chain acquires returns specialist Inmar Supply Chain Solutions

warehouse robot in racks
Robotic Picking and Loading

Symbotic buys Walmart’s robotics arm to develop its in-store e-commerce centers

aerial photo of port of miami
Ports

East and Gulf coast strike averted with 11th-hour agreement

drawing of warehouse for digital twin
Simulation/VR/Digital Twin

Kion Group teams with Accenture and Nvidia to design intelligent warehouses

photo of self driving forklift
Lift Trucks, Personnel & Burden Carriers

Cyngn gains $33 million for its self-driving forklifts

Study: Industry workers bypass essential processes amid mounting stress

Study: Industry workers bypass essential processes amid mounting stress

Manufacturing and logistics workers are raising a red flag over workplace quality issues according to industry research released this week.

A comparative study of more than 4,000 workers from the United States, the United Kingdom, and Australia found that manufacturing and logistics workers say they have seen colleagues reduce the quality of their work and not follow processes in the workplace over the past year, with rates exceeding the overall average by 11% and 8%, respectively.

Keep ReadingShow less
photo of a cargo ship cruising

Project44 tallies supply chain impacts of a turbulent 2024

Following a year in which global logistics networks were buffeted by labor strikes, natural disasters, regional political violence, and economic turbulence, the supply chain visibility provider Project44 has compiled the impact of each of those events in a new study.

The “2024 Year in Review” report lists the various transportation delays, freight volume restrictions, and infrastructure repair costs of a long string of events. Those disruptions include labor strikes at Canadian ports and postal sites, the U.S. East and Gulf coast port strike; hurricanes Helene, Francine, and Milton; the Francis Scott key Bridge collapse in Baltimore Harbor; the CrowdStrike cyber attack; and Red Sea missile attacks on passing cargo ships.

Keep ReadingShow less
diagram of transportation modes

Shippeo gains $30 million backing for its transportation visibility platform

The French transportation visibility provider Shippeo today said it has raised $30 million in financial backing, saying the money will support its accelerated expansion across North America and APAC, while driving enhancements to its “Real-Time Transportation Visibility Platform” product.

The funding round was led by Woven Capital, Toyota’s growth fund, with participation from existing investors: Battery Ventures, Partech, NGP Capital, Bpifrance Digital Venture, LFX Venture Partners, Shift4Good and Yamaha Motor Ventures. With this round, Shippeo’s total funding exceeds $140 million.

Keep ReadingShow less
Cover image for the white paper, "The threat of resiliency and sustainability in global supply chain management: expectations for 2025."

CSCMP releases new white paper looking at potential supply chain impact of incoming Trump administration

Donald Trump has been clear that he plans to hit the ground running after his inauguration on January 20, launching ambitious plans that could have significant repercussions for global supply chains.

With a new white paper—"The threat of resiliency and sustainability in global supply chain management: Expectations for 2025”—the Council of Supply Chain Management Professionals (CSCMP) seeks to provide some guidance on what companies can expect for the first year of the second Trump Administration.

Keep ReadingShow less
Copyright ©2025.