According to www.freightwaves.com, Echo Global Logistics has completed its acquisition of ITS Logistics, forming a combined non-asset-based third-party logistics provider with $5.2 billion in annual revenue for the prior year.
Strategic Merger of Two Major Brokerage Platforms
The transaction—first announced in January 2026 and finalized in March—unites Chicago-based Echo Global Logistics (founded 2005) and Reno, Nevada-based ITS Logistics (founded 1999). Financial terms were not disclosed. Echo was taken private in 2021 by The Jordan Company in a deal valued at $1.3 billion. Goldman Sachs and UBS Group served as Echo’s financial advisers; J.P. Morgan and Jefferies advised ITS.
Complementary Capabilities and Technology Integration
ITS brings specialized expertise in drop-trailer and trailer pool operations, container management, drayage, intermodal services, dedicated truckload capacity, omnichannel distribution, and fulfillment. Echo contributes its proprietary technology platform—built on automation, machine learning, and AI—to optimize transportation, enhance supply chain visibility, and simplify logistics functions across modes. The company operates more than 60 locations across North America and offers freight brokerage, managed transportation, and extensive warehousing capabilities.
“Adding ITS to Echo helps us execute our vision of becoming a full supply chain solution by leveraging people and technology with solutions that deliver for our shippers.” — Doug Waggoner, CEO, Echo Global Logistics
“Combined with Echo’s advanced technology, automation, and expanding use of AI across our operations, this strengthens our ability to deliver smarter, more reliable solutions for customers while continuing to scale the range of services we provide.” — Doug Waggoner, CEO, Echo Global Logistics
“By combining ITS’ differentiated logistics capabilities with Echo’s technology and scale, we are well-positioned to bring even greater value and expanded solutions to our customers.” — Scott Pruneau, CEO, ITS Logistics
Industry Context and Practitioner Implications
This merger reflects a broader industry trend toward consolidation among tech-enabled 3PLs seeking scale, multimodal reach, and end-to-end capability. In 2025, major peers including C.H. Robinson ($24.7B revenue, 2024), Expeditors ($14.8B), and DHL Supply Chain ($34.5B global logistics revenue, 2024) continued investing in AI-driven visibility tools and integrated fulfillment offerings. Unlike asset-heavy integrators, Echo and ITS both operate non-asset models—relying on carrier networks and digital orchestration—making interoperability of TMS, visibility platforms, and AI-powered rate forecasting critical for clients. For supply chain professionals, the combined entity offers expanded intermodal and cross-border options under one contract, deeper capacity access in Western U.S. markets (a historic strength of ITS), and enhanced AI-driven tender acceptance and predictive ETAs—particularly relevant amid ongoing port congestion and labor volatility in key gateways like Los Angeles/Long Beach and Savannah.
Source: FreightWaves
Compiled from international media by the SCI.AI editorial team.
