Werner Enterprises acquires ReedTMS Logistics

Transportation and logistics provider Werner Enterprises has acquired 100% of the stock of Reed Transportation Services, Inc. and RTS-TMS, Inc., operating as ReedTMS Logistics, the company announced this week. Tampa-based ReedTMS Logistics is an asset-light logistics provider and truckload freight forwarder that offers a variety of freight brokerage and truckload solutions to a diverse customer base, Werner officials said in a news release Monday. The purchase strengthens Werner’s freight brokerage capabilities and expands his customer base. ReedTMS had sales of $372 million for the 12 months ended September 30, 2022. The company has more than 800 customers, according to the press release, with two-thirds of sales coming from the food and beverage industry. ReedTMS will operate as a separate business unit within Werner. The purchase price for the transaction was $112.4 million, according to Akerman LLP, which represented ReedTMS in the sale.

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