Chicago-based logistics provider Redwood Logistics has announced it is launching a new parcel service that will provide customers with an integrated, cost-saving solution for parcel shipping.
The new service will complement Redwood’s existing competencies, which include multimodal brokerage, freight management, warehousing and dedicated distribution, transportation management system implementation and integration expertise.
“E-commerce continues to emerge as a vital growth channel for many of our customers,” said Mark Yeager, CEO of Redwood Logistics.
“Having a parcel offering is an important and strategically integrated step to support our customers through our freight management platform. Parcel continues to grow for most shippers, but this mode is largely underserved by third-party logistics providers.
“Customers need help with strategy, expertise and execution in parcel. We are excited to be able to offer this solution as a key benefit to them.”
Redwood has also announced it will be acquiring Strive Logistics, a provider of non-asset multimodal third-party logistics solutions with offices in Chicago, Illinois, and Austin, Texas, in a bid to strengthen its position as a leader in the North American logistics market.
“Strive has made significant investments in both its people and its proprietary technology, and we are very excited to welcome the Strive team and its technology to the Redwood family,” said Yeager. “We see this as a major step in establishing Redwood as an industry leader and a transformative force in the marketplace.”
Redwood president Todd Berger added, “We are focused on bringing next generation, tech-driven solutions so that our customers can continue to realize cost savings and efficiencies and achieve their shipping goals.
“Strive’s high caliber team, blue chip customer base, focus on technology, geographic reach and the clear similarities in how we work to serve our customers make Strive the perfect merger candidate. We are thrilled to join forces with the Strive team and can’t wait to see what the future holds for Redwood.”
The combined company will operate under the Redwood brand, and Strive’s CEO Ben Greene, president Jon Provus and the rest of the management team will join the Redwood organization.