Newgistics, Inc. (AUSTIN, Texas), a supplier of returns management solutions, acquired Logistics Management, Inc. (LMI), a provider of transportation brokerage services for less-than-truckload (LTL) shipping. Newgistics will leverage LMI's transportation management capabilities to expand the set of services offered beyond the company's returns management business.
"With our acquisition of LMI, Newgistics will be positioned to offer our customers a streamlined, centralized solution that combines the proven technology of Newgistics' SmartLabel with LMI's inbound and outbound LTL transportation management capabilities," said Bill Razzouk, CEO of Newgistics.
The combined entity will reportedly offer customers reduced handling costs, efficient and accurate freight bill audits and payment services, Web-based rating and enhanced transportation reporting tools.