Tenstreet has acquired TextLocate to enhance driver communication and visibility in logistics, combining innovative technologies for improved operational efficiency.

Information on the Target

TextLocate, founded in 2021 and based in Chattanooga, TN, is a premier logistics communication platform designed to enhance driver communication and location accuracy for third-party logistics providers. By integrating chat functionality, image capture, and location services, TextLocate provides essential tools that automate communication processes, drastically improving efficiency and reducing the manual burden typically faced by drivers and logistics teams.

As a market leader in driver communication solutions, TextLocate's innovative approach empowers logistics providers and drivers alike by offering real-time updates and facilitating seamless interactions. This capability plays a critical role in mitigating the inefficiencies associated with traditional communication methods and fosters a relationship of transparency and trust between drivers, brokers, and carriers.

Industry Overview in the Target’s Specific Country

The trucking industry in the United States remains a cornerstone of the economy, responsible for transporting more than 70% of freight. With the evolution of logistics m