shutterstock 705507484 scaled

Redwood Logistics Acquires Rockfarm Supply Chain Solutions, Fortifying Redwood’s Modern 4PL Services

Redwood Logistics (Redwood), one of the fastest-growing supply chain orchestration and logistics execution companies in North America, today announced the company has acquired Rockfarm Supply Chain Solutions and Global Distribution and Logistics (collectively referred to as “Rockfarm”). The acquisition fortifies Redwood’s modern 4PL services, supplementing its growing tech-enabled managed services and cementing its position as a market leader for supply chain integration. Together, Redwood will now represent a combined $5.5 billion in total platform freight under management between its 3PL and 4PL services.

Founded in 2008, Rockfarm is a tech-enabled transportation logistics company with a focus on flexible, customer-driven service. Many of Rockfarm’s core integration functions overlap with Redwood’s existing suite of services, adding expanded capabilities for Redwood customers in areas such as transportation management, logistics execution and freight visibility.

Redwood’s North American footprint currently includes cross-border transportation service with Redwood Mexico, and the acquisition of Rockfarm will add direct capabilities in international freight forwarding, trade compliance and customs brokerage. Rockfarm also brings additional data warehouse, business intelligence, data translation and claims management tools and services to the Redwood portfolio.

Rockfarm also brings a deep history of integrating the MercuryGate suite of products and optimizing freight data. Redwood will continue to implement and integrate multiple Transportation Management Systems (TMS) with a proven TMS-agnostic approach, now with dozens of integrators each for MercuryGate and Oracle product suites, along with a variety of other TMS systems and FreightTech apps leveraged across the RedwoodConnect™ open ecosystem.

Rockfarm ownership, key leadership, management teams and team members will continue to operate as Redwood team members, and Rockfarm’s Dubuque, IA, operation center will continue as a Redwood logistics center.

Redwood’s acquisition of Rockfarm is the latest in a series of strategic acquisitions, making Redwood one of the fastest-growing North American logistics companies. Recent acquisitions include Skipjack and Proactive Global Logistics (PGL) in 2021 to form Redwood Parcel, and Eminent Global Logistics, an Oracle Transportation Management (OTM) leader, in 2019, as it continues to build out its modern 4PL portfolio.

Source link

Vous pourriez également aimer...