Echo Global Logistics inks definitive agreement to acquire ITS Logistics
Summary
Chicago-based Echo Global Logistics has signed a definitive agreement to acquire Reno, Nevada-based ITS Logistics, a 3PL specialising in drayage and intermodal services. The deal — financial terms not disclosed — is expected to close in the first half of 2026 and remains subject to customary closing conditions and regulatory approvals.
Echo says the combination will create one of the leading transportation and logistics platforms with pro forma 2025 revenue of about $5.4 billion. Echo plans to apply its proprietary technology, advanced analytics and growing AI capabilities to expand and accelerate ITS’s service offering, including drop-trailer and trailer-pool solutions.
Both companies’ CEOs highlighted complementary strengths: Echo’s truckload brokerage scale, managed transportation, cross-border and multimodal capabilities combined with ITS’s execution in drayage/intermodal. Echo has a recent track record of acquisitions, including Freight Saver (Aug 2025), Fastmore Logistics (Nov 2022) and Roadtex (May 2022).
Key Points
- Echo signed a definitive agreement to buy ITS Logistics, a drayage and intermodal 3PL headquartered in Reno, Nev.
- The transaction is expected to complete in the first half of 2026; financial terms were not disclosed.
- Deal subject to customary closing conditions and regulatory approvals.
- Combined pro forma 2025 revenue is around $5.4 billion, expanding Echo’s scale.
- Echo will integrate its technology, analytics and AI capabilities with ITS’s drop-trailer and trailer-pool solutions to enhance service offerings.
- Leadership statements stress complementary capabilities: Echo’s brokerage, managed transportation and cross-border skills paired with ITS’s execution strengths.
- Echo has been active in M&A in recent years, signalling a continued growth-by-acquisition strategy.
Context and Relevance
This acquisition fits an industry trend of consolidation among technology-enabled 3PLs as they seek greater multimodal coverage and scale. For shippers and carriers, the deal promises broader service options (drayage/intermodal plus truckload and managed transport) and potentially improved execution through Echo’s tech stack and AI initiatives. Regulators and competitors will watch integration success — particularly how technology, trailer-pool/drop-trailer capabilities and cross-border services are combined operationally.
Why should I read this?
Short version: if you work in freight, shipping or supply-chain ops, this matters. Echo buying ITS tightens up the market for drayage/intermodal services and brings more tech and AI into the mix — which could change who you call for complex multimodal moves and cross-border work. It’s a clear signal that bigger, tech-enabled 3PLs are aiming to offer end-to-end solutions, not just spot freight.