Target Freight Management Announces Acquisition of National Traffic Service Inc.
PITTSBURGH, PA – October 28, 2019 – Target Freight Management, Inc. (TFM), announced today its acquisition of National Traffic Service Incorporated (NTS), a freight auditing and payment service. The acquisition will better serve the end-to-end logistical needs of TFM’s less-than-truckload, full truckload, and parcel freight customers throughout the United States 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 their Amherst, NY 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. NTS’s proven logistical expertise and decades of proven cost savings for their customers complements TFM’s existing suite of proprietary transportation technologies and efficiency-driven freight management services.
“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,” said TFM founder and CEO Mike Wagner. “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 headquarters in Amherst, NY, will join TFM’s growing family of offices that employ over 90 people nationwide in Santa Clarita, CA; Cleveland, OH; Nashville, TN; San Diego, CA; Cedar Rapids, IA and TFM’s corporate headquarters in Pittsburgh, PA.
About Target Freight Management:
Target Freight Management, Inc., is an industry leader in Less-Than-Truckload and Full Truckload transportation management systems, empowering customers to ship with confidence. TFM has developed a full range of logistics solutions, from time-saving back-office applications to their patented FIDA technology, which maximizes carrier space and efficiency while protecting TFM customers from unexpected overages and fees.
2019 marks the fifth straight year a TFM company was named to the Inc. 500/5000 list of the fastest-growing companies in the U.S. which is a rare distinction with only 4% of all companies being named to the list 5 times over the past 40 years. TFM has been voted the Best Place to Work in Pittsburgh by its team members, and also ranked as the Fastest-Growing Company in Pittsburgh. TFM President and CEO Mike Wagner was named 2017 Ernst & Young Entrepreneur of the Year.