posted on September 22, 2020 14:19
The North American transportation and logistics industry has seen a tremendous amount of M&A activity over the last few years. This trend is set to continue or perhaps even accelerate in 2019 as 3PL’s leverage mergers and acquisitions to strengthen their market positions, increase service offerings, expand geographic coverage, and drive growth.
“Despite the recent flurry of mergers, the North American TL brokerage space is still pretty fragmented,” said John Leach, CEO FLS Transportation Services Limited. “A healthy economy, tight labor market, and high consumer demand are creating a strong environment for 3PL’s to acquire other smaller players to quickly scale their services to better serve the growing demand from shippers.”
FLS Transportation Services is no stranger to mergers & acquisitions having just acquired Georgia based Scott Logistics Corp. Scott was recently recognized by Transport Topics as the 42nd largest broker in the U.S.....