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Truckstop Acquires Freightfriend To Deliver Intelligent, Relationship-First Freight Matching

Jul 18, 2023•over 2 years ago

Acquiring Company

truckstop.com

Acquired Company

FreightFriend

New PlymouthTravelTransportationLogisticsSoftware

Description

Truckstop today announced it has acquired the FreightFriendSM cloud-based capacity and freight management solution that harnesses the power of AI to manage relationships, find capacity and match freight with greater efficiency.

Company Information

Company

truckstop.com

Location

New Plymouth, Idaho, United States

About

truckstop.com is a trusted partner for carriers, brokers, and shippers, empowering the freight community through a platform of innovative solutions for the entire freight lifecycle to help increase efficiency, automate processes, and accelerate growth. As one of the industry's largest neutral freight marketplaces, truckstop.com provides the customer service as well as scale of quality loads and trucks to give customers of all sizes, whether on the road or in the office, the transparency and freedom to build lasting relationships and grow their businesses.

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M&A Insights

Based on deal data
Integration timeline
70% of M&A integrations take 12-24 months to complete
Tech stack consolidation
83% of merged companies consolidate technology vendors within first year
Post-acquisition investment
Companies increase IT spending by 23% on average after acquisitions
Success factor
M&A deals with strong technology integration plans are 2.5x more likely to succeed