Providence Equity Partners

Check Call: The Future of Digital Freight Matching

Group of people huddled around desks
Image: Memegenerator.net

Automate the things you hate. In a world in which everyone is racing to improve daily processes and create more time in the day, it’s easiest to start with those things that are a daily pain point within an organization. 

Digital freight matching is designed so that a carrier can just tap and go, meaning the carrier taps to accept a load at a posted rate and then it hits the road. It serves as one of those things that can help alleviate some of the issues brokers have...

https://www.freightwaves.com/news/check-call-the-future-of-digital-freight-matching

Driver clearinghouse Tenstreet acquired by Providence Equity Partners

Tenstreet, a leading provider of driver recruiting software and workflow solutions for the truckload industry, announced Monday morning that it was acquired by Providence Equity Partners, a private equity firm. Spectrum Equity, which took a stake in Tenstreet in 2016, was a seller in the deal, although it retains a material equity position in Tenstreet.

Financial terms of the deal were not disclosed, and Tenstreet would not report metrics like revenue or EBITDA. The company has 132 employees on...

https://www.freightwaves.com/news/driver-clearinghouse-tenstreet-acquired-by-providence-equity-partners

Breaking News: Krug out as GlobalTranz CEO, Farrell back in

Bob Farrell speaks to GlobalTranz employees in 2018.

Phoenix-based freight brokerage and third-party logistics provider GlobalTranz (GTZ) announced at a companywide town hall meeting Thursday morning that Chief Executive Officer Renee Krug was leaving the company. Bob Farrell, GTZ executive chairman and former CEO, will step back in to fill the role in the short term.

Krug joined GlobalTranz in 2014 as the company’s chief financial officer after a stint as executive vice president and CFO at Clear Channel; prior to that, Krug spent seven years in...

https://s29755.pcdn.co/news/breaking-news-krug-out-as-globaltranz-ceo-farrell-back-in