Consultant Insight: 3PLs seeking capacity find acquisition targets in freight brokerages

(Photo/Geodis)

Freight forwarder and logistics provider Geodis recently acquired U.S.-based freight brokerage firm Velocity Freight Transport. This acquisition comes at a time when U.S. shippers are experiencing transportation capacity constraints amid strong demand for goods. Velocity provides freight brokerage services that include refrigerated and temperature-controlled freight, flatbed and less-than-load (LTL) trucking, intermodal, van and specialty options. […]

 

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