Tenstreet acquires driver communications provider TextLocate

Driver recruiting platform expands service offering through M&A

“The combined functionality will augment communications throughout the supply chain, improving relationships and adding new efficiencies,” said Tenstreet CEO Tim Crawford in a news release. (Photo: Jim Allen/FreightWaves)

Key Takeaways:

  • Tenstreet acquired TextLocate, a driver tracking software company, for an undisclosed amount.
  • TextLocate's platform offers real-time load visibility, two-way communication, and proof of delivery verification, enhancing Tenstreet's existing driver management services.
  • The merger aims to improve communication and efficiency throughout the supply chain by integrating driver tracking with recruitment and management tools.
  • This acquisition will help mitigate driver fraud and improve driver-carrier relationships.

Driver recruiting platform Tenstreet announced Monday it has acquired driver tracking software company TextLocate for an undisclosed sum.

Chattanooga, Tennessee-based TextLocate’s platform provides real-time load visibility. Third-party logistics providers can perform two-way chats and check calls with drivers, verify proof of delivery, share images and monitor safety performance on the network.

The deal is expected to complement Tenstreet’s service offering, which also provides drivers with tools to improve navigation, minimize facility wait times and manage driving schedules. TextLocate helps mitigate driver fraud as well.

“The combined functionality will augment communications throughout the supply chain, improving relationships and adding new efficiencies – two things we constantly strive for in product development and in our own strategic growth,” said Tenstreet CEO Tim Crawford in a news release.

Tulsa-Oklahoma-based Tenstreet provides fleets with driver recruiting, hiring and retention services. The platform also monitors driver safety, ensures compliance and manages fuel spend. The company’s website shows millions of drivers have used the platform to find and apply for jobs since it was founded in 2006.

“The inefficiencies of traditional communication methods are what drove me to create a solution that actually facilitates communication, simplifies your day, and makes it easy for drivers,” said TextLocate CEO Ryan Rogers in a news release.

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Todd Maiden

Based in Richmond, VA, Todd is the finance editor at FreightWaves. Prior to joining FreightWaves, he covered the TLs, LTLs, railroads and brokers for RBC Capital Markets and BB&T Capital Markets. Todd began his career in banking and finance before moving over to transportation equity research where he provided stock recommendations for publicly traded transportation companies.