Purchase of LMI Extends Newgistics Robust Logistics Solution to Include Services Optimized for Less-Than-Truckload Shipping
AUSTIN, TX - April 9, 2007 - Newgistics Inc., The Smart Solution for Deliveries and Returns solutions, today announced the acquisition of Logistics Management, Inc. (LMI), the leading provider of transportation brokerage services optimized for Less-Than-Truckload (LTL) shipping. Newgistics will leverage LMI’s unique transportation management capabilities to expand the set of services offered beyond the company’s traditional returns management business.
“Many small and mid-sized companies do not have cost-effective options for LTL shipping; however, with our acquisition of LMI, Newgistics will be positioned to offer our customers a streamlined, centralized solution that combines the proven technology of Newgistics’ SmartLabel® with LMI’s inbound and outbound LTL transportation management capabilities,” said Bill Razzouk, CEO of Newgistics. “This acquisition demonstrates our commitment to our customers, as we integrate new services that enable them to better serve their own customers.”
In addition to unifying returns with LMI’s LTL transportation management offering, the combined entity offers reduced handling costs, along with efficient and accurate freight bill audits and payment services, convenient Web-based rating and enhanced transportation reporting tools. The robust suite of services is optimized for retailers, distributors, manufacturers and third-party logistics providers that ship LTL freight.
“Combining the expertise of LMI and Newgistics will greatly benefit our customers,” said Michael Desmarais, vice president of operations at LMI. “The acquisition ensures that both our customers receive an even higher quality solution with unmatched technologies and customer service.”
Newgistics’ SmartLabel provides customers with a pre-addressed, pre-paid bar-coded label that can be affixed to the return package and can be dropped off anywhere in the U.S. Postal Service mail stream, including the home or office, minimizing the burden shouldered by the consumer and easing consumer frustration. Through the dynamic capabilities of SmartLabel, Newgistics provides companies with real-time intelligence on the status and location of each package, enabling companies to improve customer service and meet reporting requirements.
ABOUT NEWGISTICS
Newgistics, Inc. (www.newgistics.com) is The Smart Solution for Deliveries and Returns solutions. Newgistics’ patent-pending Intelligent Returns Management(SM) solution delivers the most convenience for customers while maximizing control of the returns process. Newgistics’ SmartLabel® drives customer loyalty and increases profitability for leading retailers like Neiman Marcus, J.Crew and Abercrombie & Fitch.
ABOUT LOGISTICS MANAGEMENT, INC.
Incorporated in 1982, Logistics Management, Inc. (LMI) provides freight cost containment services to manufacturers, distributors and associations. Hundreds of companies benefit from contractual freight rates with quality national and regional less-than-truckload and truckload carriers, efficient and accurate freight bill audit and payment services, convenient web-based rating and reporting tools and the transportation expertise of our highly trained staff. For more information, visit www.lmiservices.com.
