Watch Now

TransImpact to outsource its managed logistics solutions business to Echo

Echo sees great potential in the managed logistics segment

Echo adds TransImpact's managed logistics solutions business to portfolio (Photo: Echo Global Logistics)

Transportation and IT consultancy TransImpact said Tuesday that it will outsource its managed logistics solutions business to Echo Global Logistics in a partnership arrangement.

The transistion is expected to be finalized by the end of the year, TransImpact said.

TransImpact said the outsourcing arrangement will allow it to focus on its parcel consulting and negotiating business, as well as its business intelligence and demand planning services.

Founded in 2008 and based in Emerald Isle, North Carolina, TransImpact’s roots are in parcel consulting. It assists parcel shippers with analyzing their shipping spend and with contract negotiations. 

Chicago-based Echo has been pushing hard into the managed logistics space because it sees great potential in the segment, according to one person with knowledge of Echo’s business. 

Echo did not respond Tuesday to an emailed request for comment.

Echo was acquired in late 2021 by The Jordan Co., a private equity firm, for $1.3 billion.

(Note: Due to inaccurate information, an earlier version incorrectly stated that Echo was acquiring the TransImpact business)

Mark Solomon

Formerly the Executive Editor at DC Velocity, Mark Solomon joined FreightWaves as Managing Editor of Freight Markets. Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. Over the course of his career, Solomon has covered nearly the whole gamut of the transportation and logistics industry, including trucking, railroads, maritime, 3PLs, and regulatory issues. Solomon witnessed and narrated the rise of Amazon and XPO Logistics and the shift of the U.S. Postal Service from a mail-focused service to parcel, as well as the exponential, e-commerce-driven growth of warehouse square footage and omnichannel fulfillment.