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.”