Echo Global Logistics has agreed to acquire ITS Logistics, bringing two major names in third-party logistics together. The companies said the agreement will create a combined organization with around $5.4 billion in revenue for 2025.
The companies signed a definitive agreement on Wednesday, and they expect the deal to close in the first half of 2026, once normal approvals are complete.
ITS Logistics will keep its current leadership team and its own customer-facing group after the deal wraps up.
“This acquisition represents a meaningful strategic opportunity for Echo and our customers,” said Doug Waggoner, Chief Executive Officer at Echo. “ITS has built a highly differentiated set of solutions, including drop trailer and trailer pool capabilities, backed by best-in-class execution that delivers reliability and flexibility across complex networks. By applying Echo’s technology, advanced analytics, and growing AI capabilities to the ITS solution set, we will strengthen our value proposition for a broader range of customers.”
“Joining forces with Echo marks an exciting new chapter for ITS Logistics,” said Scott Pruneau, Chief Executive Officer at ITS Logistics. “Echo’s truckload brokerage scale, managed transportation platform, strong cross-border capabilities, and broad multimodal offering — combined with its technology platform and AI-driven innovation — will enable us to elevate our service offerings and provide enhanced value to our customers.”
In an interview with Logistics Management, Waggoner said Echo is acquiring ITS to strengthen its transportation offering, pointing to ITS’ DropFleet drop trailer and trailer pool program, along with its experience in dedicated capacity, intermodal and drayage, freight security, and omnichannel fulfillment. He added that the combined company has strong growth potential and will be better positioned to support complex supply chains across different end markets and through any market cycle.
“ITS brings differentiated, asset-enabled solutions, particularly in drop trailer and trailer pool programs, dedicated capacity, and intermodal and drayage,” he said. “Echo brings scale, brokerage depth, cross-border capabilities, and proprietary technology. Over time, this combination allows Echo to support more complex supply chain needs with greater flexibility and resilience.”
Echo is based in Chicago, and ITS Logistics is headquartered in Reno, Nevada. Together, the companies say they will be positioned to serve more customers across North America with a wider set of freight services.
