Watch Now

Trimac Transportation acquires digital broker Zengistics

Canadian bulk carrier picks up third company this year

Trimac Transportation acquired digital brokerage Zengistics on Wednesday. (Photo: Jim Allen/FreightWaves)

Canadian bulk carrier Trimac Transportation announced Wednesday it has acquired technology-driven freight brokerage Zengistics Inc. Terms of the deal were not disclosed.

“This is an exciting benchmark in our Trimac history and we are delighted to partner with such a dynamic team at Zengistics,” said President and CEO Matt Faure in the release.

With 50 employees, Austin, Texas-headquartered Zengistics will continue as a stand-alone company.

The acquisition is different from the bulk carrier’s recent purchases of trucking companies and enables Trimac to enter the digital brokerage space.

Zengistics’ operations are backed by the digital logistics application Turvo, which will provide Trimac customers with better visibility and actionable data points. 

“With the additional capabilities of Zengistics’ technologies and capacity, this will add an accelerator to our top-line growth and provide synergies to our base trucking operations. We are poised to realize substantially stronger growth by leveraging our partnership with the Zengistics team in the non-asset-based segment,” said Faure.

Zengistics CEO Chris Winslow said Trimac’s “leadership position in the North American transportation industry coupled with their passion for excellence will serve our customers and employees well.”

Acquisition spree

The Zengistics deal is Trimac’s third acquisition this year, following the purchase of two trucking companies, Gibson Energy and Double Eagle Transportation, growing its company to include more than 3,400 employees.

Related article: Bulk carrier Trimac acquires California-based cement hauler

“This year we launched a new five-year strategic plan that consists of using innovation to disrupt our industry in order to make Trimac a leader in the bulk trucking space,” said a company representative in a statement to FreightWaves.

You may also like:

TFI confronts unprofitable truths in UPS Freight turnaround

Paschall Truck Lines parent acquires dry van carrier TDC

Midwest Carriers acquires booze hauler Osborn & Son Trucking

F3: Future of Freight Festival


The second annual F3: Future of Freight Festival will be held in Chattanooga, “The Scenic City,” this November. F3 combines innovation and entertainment — featuring live demos, industry experts discussing freight market trends for 2024, afternoon networking events, and Grammy Award-winning musicians performing in the evenings amidst the cool Appalachian fall weather.

Grace Sharkey

Grace Sharkey is a professional in the logistics and transportation industry with experience in journalism, digital content creation and decision-making roles in the third-party logistics space. Prior to joining FreightWaves, Grace led a startup brokerage to more than $80 million in revenue, holding roles of increasing responsibility, including director of sales, vice president of business development and chief strategy officer. She is currently a staff writer, podcast producer and SiriusXM radio host for FreightWaves, a leading provider of news, data and analytics for the logistics industry. She holds a bachelor’s degree in international relations from Michigan State University. You can contact her at [email protected].