Chicago-based Echo Global Logistics announced that it has signed a definitive agreement to acquire Reno, Nevada-headquartered ITS Logistics, one of North America’s fastest-growing third-party logistics (3PL) providers. The deal, announced Wednesday, will create a combined entity with pro forma 2025 revenue of approximately $5.4 billion, expanding Echo’s scale while integrating ITS’s specialized solutions with Echo’s advanced technology platform.
Founded in 1999 with just two tractors, two drivers, and 40,000 square feet of warehouse space, ITS has evolved into a multifaceted 3PL powerhouse. By 2013, it spun up its asset-light brokerage division, which crossed the $1 billion revenue mark in 2022.
Exceeding $1.3 billion in revenue for 2025, ITS’s headcount tops 1,200 nationwide, with 550 employees at its Reno headquarters. Its portfolio includes North America’s No. 18 ranked asset-light freight brokerage and No. 12 ranked drayage and intermodal solutions, alongside an asset-based dedicated fleet, port and rail drayage, truckload (TL), less-than-truckload (LTL), small parcel, direct-to-consumer, and direct-to-retail delivery covering over 95% of the U.S. in under two days.
The move aligns with Echo’s history of growth through acquisitions, a strategy that has transformed the company from a non-asset-based truckload brokerage into a diversified logistics leader. Since its founding in 2005, Echo has completed at least 23 acquisitions, including tuck-ins like the 2012 purchase of Purple Plum Logistics for truckload brokerage, the 2015 acquisition of Xpress Solutions for LTL and TL expansion, and larger plays such as the $420 million buyout of Command Transportation in 2015. More recently, Echo expanded its service offerings with the 2022 acquisition of Roadtex Transportation for expedited LTL and temperature-controlled warehousing, Fastmore Logistics for global freight forwarding, and the August 2025 purchase of FreightSaver for managed transportation. Echo itself went private in 2021 via a $1.3 billion acquisition by The Jordan Company.
The ITS deal accelerates this evolution by blending Echo’s tech prowess with ITS’s asset-light and asset-based strengths. ITS will retain its leadership, including CEO Scott Pruneau, and customer-facing structure, while gaining access to Echo’s carrier network, cross-border expertise, and multimodal offerings.