The Daily Dash: Financial growth for the industry and a freight brokerage bucks COVID-19 trends

Smart truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, the third-quarter financial report of industry lender BMO suggests positive momentum going forward for carriers. Plus, a Tennessee freight brokerage continues record growth despite the pandemic, and new visibility tools and transportation management system integrations aim to improve carrier and shipper operations.

Hopeful signs

The finances of BMO, a major lender to the trucking sector, appear to...

https://s29755.pcdn.co/news/the-daily-dash-financial-growth-for-the-industry-and-a-freight-brokerage-bucks-covid-19-trends

PINC closes on growth equity investment from Accel-KKR

PINC KKR

Will history repeat itself?

In 2017,  Accel-KKR, a technology-focused private equity firm, sold HighJump Software, a supply chain software management provider, to German technology provider Körber AG for an undisclosed amount.

Accel-KKR earned about a 6x return on the sale of the Minneapolis-based provider, PE News reported at the time, with HighJump increasing its revenue by more than four times under Accel-KKR, which had owned the company since 2012.

Three years later, digital yard solutions...

https://s29755.pcdn.co/news/pinc-closes-on-growth-equity-investment-from-accel-kkr