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Echo Global Logistics buys Purple Plum Logistics

Chicago, IL, US: Echo Global Logistics has acquired Plum Logistics, a truckload transport brokerage located in Wakefield, MA. Effective immediately, Purple Plum will begin doing business as Echo Global Logistics, Inc.

Purple Plum, founded in  2008 by Sam Freni, is a non-asset service provider that specialises in temperature-controlled truckload solutions. With this acquisition, Echo expands its sales organization and customer relationships, and develops its truckload capabilities to include temperature-controlled carrier relationships in the United States and Canada.

“Our growth strategy continues to focus on ensuring we have the service capabilities to satisfy all of the needs of our clients,” said Douglas R. Waggoner, Chief Executive Officer of Echo Global Logistics. “Refrigerated freight service is a strategic component of Echo’s expanding service offering, and the acquisition of Purple Plum enhances our ability to offer our clients the simplicity of a complete transportation management solution.”

“Purple Plum looks forward to joining the Echo team and contributing to the temperature controlled truckload capabilities of Echo,” said Sam Freni, who will continue with Echo as a Regional Vice President. “Echo offers established technology, an extensive sales organization and a proven ability to service and grow its relationships with clients. Echo has retained the entire Purple Plum workforce in connection with this acquisition.

Purple Plum had US$17m in gross revenue. Echo Global Logistics, based in Chicago, provides technology-enabled transport and supply chain management services. Echo uses a web-based technology platform that compiles and analyses data from its network of over 24,000 transport providers to serve its clients’ shipping and freight management needs.