SMC³ acquires trucking cost modeler TCG

SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.

SMC³ acquires trucking cost modeler TCG

SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.

SMC³ acquires trucking cost modeler TCG

SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.

 
SMC³, a less-than-truckload pricing and transit technology provider, has acquired Maryland-based Transportation Costing Group (TCG).
    TCG provides truckload and LTL shippers with activity-based cost modeling software and other profitability management tools.
    Financial terms of the deal were not disclosed.
    “Since the economic downturn in 2008, TCG’s business has been growing steadily, and the company has predicted record-breaking revenues for 2015," according to SMC³.
    Current TCG customers include eight of the top 10 domestic LTL freight carriers, many of whom are SMC³ members.
   “There are numerous synergies between SMC³ and TCG,” Jack Middleton, Peachtree City, Ga.-based SMC³’s chief executive officer, said in a statement. “Adding the industry-leading carrier costing software to our current portfolio of pricing and transit-time products will allow SMC³ to continue its path of sustainable growth.”

The growth of online grocery sales has the U.S. market for cold-storage warehouses poised for strong growth, potentially creating demand for up to 100 million square feet of industrial cold-storage space over the next five years.

The FBX, a global container freight index measuring spot rates on major global trades, had an overall reading of $1,342 per FEU as of June 14, down 1.5% from a week prior, but up 3.4% from a year prior.

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SMC³ acquires trucking cost modeler TCG

SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.

Oct 15, 2015 on Dec 27, 2018AmericanShipper.com

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SMC³ acquires trucking cost modeler TCG

SMC³, a less-than-truckload pricing and transit technology provider, will add truckload and LTL cost modeling provider Transportation Costing Group to its portfolio.

Oct 15, 2015 on Dec 27, 2018AmericanShipper.com