Transportation Insight Acquires CPA International Acquisition Bolsters Leading 3PL's Strong North American Presence
HICKORY, N.C., Nov. 29, 2012 /PRNewswire/ -- Nationally-recognized third-party logistics (3PL) provider Transportation Insight has announced the acquisition of CPA International, Inc. CPA is a Connecticut-based logistics company with over 25 years of experience serving market leaders across the country. The purchase builds on Transportation Insight's momentum as one of the fastest-growing, privately-held companies in the United States.
This new alliance will strengthen the 3PL's North American client base and permit CPA's legacy clients to have access to Transportation Insight's broad array of service and technology offerings. CPA will operate as a new division of Transportation Insight, and CPA head executive Bill Titone will serve as President of this division.
Transportation Insight's Chairman and Founder Paul Thompson says the companies share a common culture focused on continuous improvement and unsurpassed client satisfaction. "We are delighted to welcome CPA International to the Transportation Insight team," says Thompson. "Bill is a long-time leader in the logistics industry, and our shared values and commitment to client service makes this partnership a win-win-win."
By aligning with Transportation Insight, which has been recognized by Inbound Logistics Magazine as one of the country's Top 100 3PLs, Titone says the benefit to clients will be long-term, high-quality service to meet their expanding needs. "Transportation Insight is one of the highest integrity companies in our market today," says Titone. "CPA's clients will be well-served by this partnership."
With the close of the acquisition, Transportation Insight will integrate CPA clients into its operations and processes. Transportation Insight is headquartered in Hickory, North Carolina with secondary offices in Charlotte, North Carolina; Bentonville, Arkansas; and 40 sales and client support offices across North America.
Transportation Insight's purchase of CPA marks its first acquisition of a logistics company. In 2009, the global 3PL acquired group purchasing organization United Sourcing Alliance and professional solutions provider Petra International, now Total Insight. Those divisions provide value-added services to Transportation Insight clients, including secondary supply chain packaging and LEAN consulting.
About Transportation Insight, LLC
Transportation Insight is a global lead logistics provider with more than $1.2 billion in supply chain spend under management. For over a decade, the 3PL has partnered with hundreds of manufacturers, distributors, and retailers to achieve significant cost savings, reduce cycle times and improve customer satisfaction rates by providing customized supply chain solutions. Transportation Insight offers a Co-managed Logistics™ form of 3PL, carrier sourcing, freight bill audit and payment services, state-of-the-art transportation management system (TMS) applications, and business intelligence. Its logistics services include domestic transportation, international transportation, warehouse sourcing, LEAN consulting and supply chain sourcing of indirect materials.
For more about Transportation Insight, visit www.transportationinsight.com.
Lisa Santos Farley
SOURCE Transportation Insight