Acquisition of Kamion Intended to Drive Carrier Profitability; Accelerate Platform Enhancements
Kamion agreed to Be Acquired Outright by Loadsmart:
Earlier this year, Kamion announced it had entered into a strategic partnership with Loadsmart, a logistics technology platform that enables shippers, carriers, and brokers to efficiently manage an automated supply chain. This partnership has enabled Kamion to realize its vision of optimizing drivers’ time on the road. Kamion and Loadsmart understand that if carriers don’t succeed, no one in the supply chain will succeed. Thus, the goal of Kamion and Loadsmart’s partnership has always been to maintain the long-term health of the carriers in our network. We believe that carriers who have access to the right technology can be more efficient, drive fewer empty miles and become more profitable.
To ensure carriers continue to have access to the tools they need to compete in the modern logistics marketplace, Kamion agreed to be acquired outright by Loadsmart. We view this acquisition as an investment in the carriers who use Kamion by adding standalone value to their daily operations without any downside of carriers. Through this new ownership arrangement, Kamion will benefit from Loadsmart’s full set of resources as we continue to create an agnostic, best-in-class digital marketplace where carriers can fully optimize dispatch and reduce overhead cost by making better decisions.
8% fixed margin on all Loadsmart loads booked through Kamion:
Kamion will remain open to other carrier-side platforms to gather data and distribute loads. As a commitment to transparency and to encourage continued marketplace participation in Kamion, Loadsmart will shift to a 8% fixed margin on all Loadsmart loads booked through Kamion.
With the dedicated focus of the talented Loadsmart team, Kamion will be able to further help carriers reduce the amount of revenue spent on overhead while also reducing the number of miles that trucks run empty.
Transforming the future of freight, Loadsmart leverages artificial intelligence, machine learning and strategic partnerships to automate how freight is priced, booked and shipped. Pairing advanced technologies with deep-seated industry expertise, Loadsmart fuels growth, simplifies operational complexity and bolsters efficiency for carriers and shippers alike.