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 Kenco Transportation has expanded its service offerings by purchasing the well-established freight management and brokerage company Chattanooga Freight Bureau. Effective March 1, the newly formed Kenco Transportation Management d.b.a. Chattanooga Freight Bureau provides a comprehensive range of freight management services to help customers lower freight costs, maintain a high standard of operation and increase profitability.
The Chattanooga Freight Bureau (CFB) was established by area manufacturers in 1904, as a transportation services cooperative. CFB’s creation served to satisfy the manufacturing community’s need for an advocate to lower rail freight rates. With the advent of motor carriage, the organization expanded to include a transportation department that handled all freight issues. In 1959, this group formed a corporation for such services and has been operating ever since as the Chattanooga Freight Bureau. Turney Thompson, who came aboard in 1978, purchased the Chattanooga Freight Bureau in 1997, and will continue to serve as President under the new Kenco-owned corporation.
“This partnership between Kenco Transportation and the Chattanooga Freight Bureau was a natural progression in a long-standing, mutually beneficial relationship,” said Kenco Transportation Vice President Bill Mitchell. “The level of integrity, professionalism and industry expertise was a perfect fit.”
In addition to providing full-scale transportation services, Kenco Transportation Management d.b.a. Chattanooga Freight Bureau will be able to offer the following services: comprehensive freight management services, freight negotiations, loss and damage claim administration, pre-audit and payment of freight invoices, post-audit recovery, transportation brokerage and regulatory services.
“Now, more than ever, we can provide real value-added freight solutions to benefit our customers and their bottom lines,” said Mitchell. With these expanded, complementary services, Mitchell said the merger has already opened some doors of opportunity within Kenco Transportation’s existing customer base.
“With our long-standing history together, mutual respect and similar cultures, the partnership between Kenco and CFB was a natural fit,” echoed Thompson. “It’s a real win-win for the customer.”
According to Thompson, CFB has helped reduce its customers’ freight expenditures by more than $20 million since 1959, saving customers on average 10-15% through its freight management services. In addition, it has returned $1.7 million in loss and claims refunds to its clients. With an ever-increasing demand for greater efficiency and cost-savings, CFB established a brokerage division in 1982. This division has doubled in size the past four years.
“Providing cost-effective transportation solutions has always been the driving goal of Kenco Transportation,” said Mitchell. “Through Kenco’s vast network and these enhanced freight management services, we should be able to help more businesses, on a national scale, better protect their bottom line.”
For more information about Kenco Transportation Management d.b.a. Chattanooga Freight Bureau, please visit: www.cfbcyber.com.
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