Market Overview

AFS Acquires Parcel Audit Firm Logica

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SHREVEPORT, La.--(BUSINESS WIRE)--

AFS, a transportation cost management company based in Shreveport, LA, today announced the acquisition of parcel audit and technology firm, Logica, LLC, based in Salt Lake City, UT. The terms of the deal were not disclosed. Logica, an Inc. 5000 honoree for the past three years, is the eleventh acquisition for AFS and will now serve as the organization's parcel division. Current Logica CEO Rob Nelson will serve as Chief Technology Officer for AFS and will manage the parcel segment of the business while also heading up the development of all technology initiatives.

“The acquisition of Logica underscores the commitment of AFS to give our clients access to the best possible solutions to manage transportation costs,” said Brian J. Barker, CEO of AFS. “With this technology, backed by the expertise of the Logica team, AFS is adding to an expanding portfolio of services that will help us achieve our vision of becoming our client's most valuable partner.”

Logica will continue to develop their spend management technology while maintaining a focus on customer experience. AFS, which immediately grows to serve over 1,000 clients and manage $1.2 billion in annual shipping spend, plans to expand Logica's award-winning technology and use it as a launch point to expand those applications into Truckload, Ocean and LTL spend management.

“When we started Logica, we wanted to build something that would put a dent in the industry,” said Nelson. “We've worked tirelessly to make that happen and help companies change the way they manage their transportation spend. Plugging into the resources of AFS gives us a chance to expand that vision far more rapidly.”

The acquisition was finalized on October 31, 2012.

About AFS:

With over 30 years in business and $750 million in managed transportation spend, AFS is a cost management partner who increases client profitability and efficiencies through specialized consulting and technology services. Based in Shreveport, LA, AFS has over 700 clients in North America with 18 operations and sales offices throughout the US. Learn more at www.afs.net.

About Logica:

One of the country's top freight and UPS, FedEx and DHL audit firms, Logica employs cutting-edge technology and deep expertise to identify and eliminate shipping overcharges for mid to large size organizations. Learn more at www.logica.net.

AFS
Andrew Parker, 801-758-7382

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