Target Freight Management Inc. has acquired National Traffic Service Inc., a freight auditing and payment service. The strategic acquisition will better serve the end-to-end logistical needs of TFM’s less-than-truckload, full truckload and parcel freight customers throughout the U.S. and Canada.
TFM will acquire all NTS assets and will continue to offer existing services under the TFM brand. NTS staff will remain fully operational in its Amherst, New York headquarters as National Traffic Service Inc., a division of Target Freight Management.
NTS, founded in 1956, provides automated shipment-level auditing and payment services that help streamline the shipping process for more than $1 billion in freight shipments each year.
“Our acquisition of National Traffic Service is a natural fit for TFM’s founding goal of providing our customers with the most efficient, reliable and cost-effective shipping process possible,” TFM founder and CEO Mike Wagner said, in a statement. “This acquisition considerably expands our client base, as well as our portfolio of proprietary technology, which helps us leverage our accumulated knowledge from both companies to better serve a wider variety of customers.”
The 33 employees at NTS’s headquarters will join TFM’s growing family of offices that employ over 90 people nationwide in Santa Clarita, California, Cleveland, Nashville, San Diego, Cedar Rapids, Iowa, and TFM’s corporate headquarters in Pittsburgh.
