Newgistics Makes A Move In Mississauga

Newgistics Inc., a supplier of returns management software, on Monday announced the acquisition of Logistics Management, Inc., a provider of transportation brokerage services optimized for less-than-truckload shipping based in Mississauga, Ontario.

Newgistics, based in Austin, Texas, will leverage LMI’s transportation management capabilities to expand the set of services it offers beyond Newgistics’ traditional business of returns management. Incorporated in 1982, Logistics Management provides freight cost containment services to manufacturers, distributors and associations.

Hmmm...any thoughts on why they bought LMI? Maybe some GTA target accounts? Keep an eye out...