Transplace Acquires Lanehub, a Transportation Collaboration Networking Company
Acquisition further extends Transplace leadership in technology to improve fleet utilization and optimize supply chain efficiency.
Transplace, a leading provider of transportation management services and logistics technology solutions, today announced the strategic acquisition of Lanehub, a cloud-based platform and community that encourages shipper-carrier collaboration by automatically identifying and connecting companies with complementary freight lanes to save on shipping expenses. The software focuses on matching recurring freight lanes on a consistent basis, in an effort to reduce transportation cost, increase fleet revenue, and improve overall carrier service and performance.
Lanehub’s collaboration network currently includes over 150 shipper members, 250 carrier members, 180,000 lanes, and over $23 billion in truckload spend. To date, Lanehub customers have 26 million matches within Lanehub’s network. The acquisition is effective immediately and benefits both Transplace’s and Lanehub’s customers by giving them access to transportation technology and strategic management through the resources of the newly-combined organization.