Fort Wayne, Ind.-based TransWorks develops and manages computer systems for transporting large shipments of truckload freight, handling 5 million shipments annually. Naples, Fla.-based Raven Logistics provides rail freight rating, tracking, demurrage, and dispatching services.
The alliance integrates the bimodal services of both companies and ultimately will offer customers a single Web-based system for monitoring and managing train and truck shipments, the companies said.
"Raven Logistics is thrilled to join forces with TransWorks," said Raven Logistics President Duane Kuzak. "Together with TransWorks' highly regarded supply chain solutions and our rail enterprise management software, we bring compelling service enhancements to customers. The alliance is consistent with our strategy of providing high-quality, proprietary solutions to our customers. Our product offerings are complementary to TransWorks' solutions, and the combination will yield meaningful operational savings, together with significant market and technological synergies. It's a logical, strategic step for both companies."
TransWorks President Tim Minnich said, "I am pleased and excited to be joining products with Raven Logistics. Raven is an experienced, proven company whose competitive advantage and valuable services align with TransWorks' mission in meeting our customers' evolving transportation needs with efficiency and effectiveness. I look forward to a successful alliance while building the next path forward," said Minnich.