BlueGrace Logistics acquires Idaho 3PL Truk TMS
BlueGrace Logistics announced it has acquired Idaho-based 3PL Truk TMS. The post BlueGrace Logistics acquires Idaho 3PL Truk TMS appeared first on FreightWaves.
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Managed logistics provider BlueGrace Logistics announced it has acquired Idaho-based 3PL Truk TMS. Truk TMS had been operating as a BlueGrace partner and will now have full access to the company’s technology platform, which leverages data to drive better outcomes. Financial terms of the transaction were not disclosed.
“Truk TMS has operated as one of our most trusted partners, and this acquisition is simply the natural next step in that relationship,” said Bobby Harris, BlueGrace founder and CEO.
“Bringing them fully into the BlueGrace family means their customers get full access to our Managed Logistics platform, our technology, our carrier network, and our scale, without losing the service they’ve always counted on.” Truk TMS is a broker focused on less-than-truckload transportation.
It also provides shippers with truckload and supply chain services across North America, with a heavy concentration in the Pacific Northwest. window. googletag = window. googletag || {cmd: []}; googletag. cmd. push(function() {googletag.
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push(function() {googletag. display('div-gpt-ad-1709668545404-0'); }); Tampa, Florida-based BlueGrace serves more than 10,000 customers out of nine offices across the U. S. and Mexico. Its BlueShip platform has over 250,000 carriers, providing LTL, TL, reefer and multimodal transportation services.
BlueGrace is a portfolio company of private equity firm Warburg Pincus. It plans to integrate Truk TMS into its legacy operations. Last year, BlueGrace acquired Michigan-based 3PL STB Freight Group and Florida-based broker FreightCenter. “Becoming part of BlueGrace formally is a proud moment for our whole team,” said Truk TMS CEO Mark Barnes.
“Our customers get the same team and the same service they’ve always counted on, now backed by BlueGrace’s full Managed Logistics platform and the trusted BlueShip technology behind it.” Why it matters? By acquiring Truk TMS, BlueGrace Logistics integrates a specialized broker focused on LTL transportation into its broader managed logistics platform.
This allows BlueGrace to offer a more comprehensive suite of services to a wider customer base. More FreightWaves articles by Todd Maiden: window. googletag = window. googletag || {cmd: []}; googletag. cmd. push(function() {googletag.
defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0'). defineSizeMapping(gptSizeMaps. banner1). addService(googletag. pubads()); googletag. pubads(). enableSingleRequest(); googletag. pubads(). collapseEmptyDivs(); googletag. enableServices(); }); googletag. cmd.
push(function() {googletag. display('div-gpt-ad-1665767553440-0'); }); Forward Air takes step in right direction in Q2 Transportation capacity falls faster in July, rates remain high July’s 55. 6% PMI highest in 4 years; LTL carriers getting bullish The post BlueGrace Logistics acquires Idaho 3PL Truk TMS appeared first on FreightWaves.
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This briefing is based on reporting from Freightwaves. Use the original post for full primary-source context.
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