SunteckTTS Deal Closed Creating a “Top 10 North American Freight Manager”

SunteckTTS expanding capacity, supply-chain solutions and productivity gains

The merger between Sunteck and TTS, LLC, announced on October 23, 2016, has officially closed. The resulting company will be one of the largest multimodal, agent-based freight management service providers in the U.S., approaching $1 billion in gross revenue, and managing more than 700,000 intermodal, truckload and less-than-truckload shipments annually.

Operating under the name SunteckTTS, the entity’s 200+ agents and wide-ranging customer base will now source increased capacity through a combined network of more than 30,000 carriers. In addition to its strong non-asset capabilities, SunteckTTS will have a combined 2,000 truck fleet in its direct asset-light capacity division.  The existing direct rail intermodal program from TTS, with access to more than 200,000 pieces of equipment, will be enhanced by the large intermodal drayage network from Sunteck.  This capacity will become critical as driver shortages and industry consolidation continues, enabling the new entity’s agents to better service their customers and provide long-term service commitments.

As shippers require more complex and robust data solutions, increased size and leverage within the logistics sector and access to the most leading-edge technology will become more important.  Smaller 3PLs, or agent-based models, will benefit from the increased buying power and resources of SunteckTTS.

Harris Williams & Co. served as the financial advisor to Sunteck on the merger. Stifel served as the financial advisor for TTS.

About SunteckTTS

With offices in Dallas, TX and Jacksonville, FL, SunteckTTS combines two third-party providers of transportation and logistics management services to create one of the largest multimodal, agent-based freight management service providers in the United States. The company provides direct rail and intermodal drayage, less-than-truckload, truckload brokerage services, more than 30,000 carriers and a fleet of over 2,000 trucks. SunteckTTS agents service a wide range of markets including food, oil, automotive, electronics, textiles, lumber, paper/printing products, and machinery across North America. For more information, visit http://suntecktransport.com/  or http://tts-us.com/.

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Independent Agent Brandi Patterson Expands Business with TTS

Brandi Patterson, TTS, LLC’s independent agent specializing in vehicle transport, added between 20 and 30 percent to her client business since 2014 with ongoing support from TTS. Ninety-five percent of her business growth over the past two years came from business referrals through the auto auction and dealership relationships.

As an agent of TTS, Patterson provides vehicle transport for a range of clients including nationwide auctions, multiple dealerships coast to coast, and rental and fleet lease companies. Her agency manages a supply chain that spans the U.S., and provides fleet transportation, person-to-person, port delivery, bio-hazard transport, and repossession transportation services. Patterson’s agency currently ships between 500 and 600 vehicles per week.

“Because of its exclusivity, Brandi is the only TTS agent operating in this niche market,” said Jeff Vielhaber, TTS, LLC. “As with all our agents, we work diligently to meet the needs of her current and potential clients to achieve our mutual goals of developing successful and profitable relationships.”

Patterson’s success kicked off when she met a recruiter from TTS and learned about the benefits of setting up an independent agency. This helped her significantly when she dipped her toe into the auto logistics market for a dealership client. Patterson capitalized on this profitable opportunity with TTS’ help, and taught herself the business.

“TTS helped me immensely in establishing myself in the market and keeping up with current logistics trends,” said Patterson. “I truly value TTS’ carrier verification and billing systems which allow me to concentrate on what I do best even with the taxing demands of my niche market. Even though I’m the only agent in my space, TTS has worked to provide me the best solutions for my business. Because of TTS, I can focus on servicing my clients and securing new clients because I know the details are taken care of.”

TTS was built on the philosophy of treating its agents like customers with unequaled service and support. Agents like Patterson benefit from the company’s financial strength and the capital TTS continually invests in providing its agents new offerings, like the company’s transportation management system, sourcing capabilities, and billing processes.

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See Progressive Transportation at the NASCAR AAA 500

NASCAR - Kobalt 400 Las Vegas 2016With a fleet of approximately 650 trucks, Progressive Transportation has developed a strong working relationship with Love’s Travel Stops. For 10 years, Progressive has increased their volume of business with Love’s to 325,000 gallons/month.

Because of this strong partnership, Love’s Travel Stops extended the offer for Progressive Transportation to be featured in this weekend’s NASCAR AAA 500 race at Texas Motor Speedway.

Progressive Transportation’s logo will be featured on the bumper of the Love’s Race Car, driven by Chris Buescher, from Prosper Texas. The team from Progressive will be at the race track starting Friday for Buescher’s practice and qualifying heats. They’ll be back on Saturday for another practice round on the track and Sunday for the race.

Buescher, #34 is a rookie for this year’s NASCAR season with one win and two Top Five placements so far. Join TTS and Progressive in cheering Buescher on to a second win this Sunday!

Love’s Travel Stops has partnered with FrontRow Motorsports and NASCAR for four years. They started sponsoring 10 races, and now sponsor 18. For more information on Love’s 2017 Race Car and Chris Buescher, click here.

Progressive Transportation LLC is a Dallas, Texas based provider of integrated transportation services and solutions for asset-based carriers of all types and sizes. Through the power of networking and critical mass, Progressive Transportation offers a full-range of unique support services and resources especially designed for carriers, contract trucking companies and private fleets to maximize growth, productivity and profitability of their business. For more information on Progressive’s carrier program and resources, click here.

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About Sunteck Transport Group

Headquartered in Jacksonville, FL, Sunteck Transport Group is a third-party provider of transportation and logistics management services, operating through a network of highly-skilled transportation agencies. Sunteck provides truckload brokerage services for freight brokerage agents. The company also utilizes a truckload capacity division to provide custom logistics solutions within a wide range of end-use markets, including food, lumber, paper, printing, textiles, electronics, machinery, government and more.

Ken ForsterKen Forster was appointed Sunteck’s Chief Executive Officer in December 2014. His experience includes roles in various entrepreneurial and leadership positions, as well as selling and delivering consulting services to clients in the financial and transportation industries. Ken previously served as Chief Executive Officer of Velocity Express LLC, and AirSage, Inc. He also served as the Chief Operating Officer and President of BeavEx Inc. for seven years. Prior to joining BeavEx, Ken founded Online Insight, Inc. and served as its Chief Executive Officer. Ken is a graduate of Dartmouth College.

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Sunteck Transport Group and TTS, LLC to Merge and Become a “Top 10 North American Freight Manager”

Expanding capacity, supply-chain solutions and productivity gains for agents and customers

Sunteck_LOGO_4CTwo leading agent-based, third-party providers of transportation and logistics TTS Logo - Long-02management services, Sunteck Transport Group, headquartered in Jacksonville, FL, and TTS, LLC, headquartered in Dallas, TX, today announced the two companies agreed to merge and will operate under Sunteck / TTS Holdings, LLC. The merger will create one of the largest, multimodal, agent-based freight management service providers in the U.S., approaching $1 billion in gross revenue, and managing more than 700,000 intermodal, truckload and less-than-truckload shipments annually. Ken Forster, the current CEO of Sunteck will serve as the President and CEO of Sunteck / TTS Holdings, LLC, and Andy Cole, the current President and CEO of TTS, will serve as Chairman of the Board.

“This is an exciting moment as these two companies will become one and establish a powerful platform, offering expanded operations, capacity relationships and technology capabilities to our agents, carriers, and customers.  The merger allows us to leverage best practices across our combined operations and provide optimal solutions for our agents and customers,” said Ken Forster. “The merged companies reflect an increased level of commitment to our agent business model, enhancing the level of innovative, customized solutions for the shipper community. The resulting company and our agents will be well-positioned to lead the industry in serving shippers facing an increasingly complex regulatory, technological, and economic environment.”

As shippers require more complex and robust data solutions, increased size and leverage within the logistics sector and access to the most leading-edge technology will become more and more important.  Smaller 3PLs, or agent-based models, will need to leverage the increased buying power and resources of companies like Sunteck / TTS Holdings, LLC.

“We believe the combined entity will be the platform of choice for agents and 3PLs looking for industry-leading technology, multimodal solutions, and an extensive network of both in-house and outsourced capacity,” said 30-year industry veteran, Andy Cole.

Through this merger, the entity’s 200+ agents and wide-ranging customer base will be in a better position to source more capacity through a combined network of more than 30,000 carriers. In addition to the strong non-asset capabilities, Sunteck / TTS Holdings, LLC will also have a collective 2,000 trucks in its direct asset-light capacity divisions.  TTS’ direct rail intermodal program, with access to more than 200,000 pieces of equipment, will be enhanced by Sunteck’s large intermodal drayage network.  This access to capacity will become critical as future driver shortages and industry consolidation continues, enabling the new entity’s agents to better service their customers and provide long-term service commitments.

“Since our founding in 2006, TTS has been committed to the agent-centric model because we believe agents are highly motivated to discover and utilize better ways to provide unique solutions to customers,” said Cole. “For this reason, we became an Intermodal Marketing Company to give our agents a better ability to optimize shipments and move between modes dynamically. This merger with Sunteck only furthers our goals for agent success, with increased potential for expanded service offerings for our agents to utilize expanded solutions for their clients.”

Stifel served as the financial advisor for TTS on the merger.

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