This strategic acquisition bolsters Transportation Insight's parcel optimization and transportation management offering, increasing the company's focus in both small parcel and e-commerce capabilities. Spend Management Experts has an array of sophisticated supply chain customers specializing in retail, manufacturing and distribution across consumer products, medical, pharmaceuticals, nutraceuticals, cosmetics, luxury products and consumer electronics, all complementing Transportation Insight's vertical strategy.
"We are excited to join the Transportation Insight team. By combining both companies' scale, we provide more resources to our existing customer base, and create one of the largest small parcel management and optimization companies in North America," said John Haber, chief executive officer of Spend Management Experts. "In 2020, large parcel shippers were forced to reevaluate their carrier relationships. Capacity and price were key challenges to maintaining a competitive edge and will continue to be major challenges in 2021. By uniting with Transportation Insight, the team will provide our combined client base with best-in-class strategy and planning solutions."
"Our mission is to deliver simple, insightful, reliable logistics solutions powered by proprietary technology and data to create a sustainable competitive advantage for our customers," stated Ken Beyer, chief executive officer at Transportation Insight Holdco. "Spend Management Experts is uniquely positioned, providing value across the supply chain, especially in small parcel and e-commerce logistics. As we look at the evolution of the market and the growth of e-commerce, Spend Management Experts aligns with our mission and focus on small parcel from an investment perspective."
John Haber will lead the small parcel division of Transportation Insight and brings extensive expertise and industry leadership. Spend Management Experts will maintain its Atlanta-based office.