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 entitys 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.
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