FreightVana, a Phoenix-based logistics provider, announced its acquisition of freight brokerage Loadsmith, a move that aims to strengthen its position in the power-only logistics sector. The deal, expected to close by the end of the month, will integrate Loadsmith’s employees into FreightVana’s operations, allowing for the expansion of their technology-driven freight solutions.
The acquisition will bolster FreightVana’s capacity in the power-only model, which enables carriers to transport freight without owning trailers. This model reduces facility dwell times and offers greater flexibility for shippers. FreightVana has been a leader in this market, evidenced by its nationwide deployment of over 1,000 trailers in 2022. Loadsmith’s expertise in power-only logistics will enhance FreightVana’s offerings and expand its competitive advantage.
Loadsmith’s CEO, Brett Suma, expressed confidence in the transition, noting that FreightVana’s leadership team is well-positioned to support Loadsmith’s legacy. Both companies share a commitment to improving the efficiency of the logistics industry through innovative technology and scalable solutions.
As the power-only logistics sector continues to grow, the merger aligns with industry trends and positions FreightVana for further expansion in the coming years. Both companies are optimistic about the future of this market segment, which is expected to attract more entrants in the near future.
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