'With the acquisition of Velocity, we are welcoming an exceptionally talented team of freight brokerage experts who have a deep understanding of the challenges and opportunities of today's dynamic logistics and supply chain environment,' said Geodis Americas CEO Mike Honious.
'This acquisition will expand our current freight brokerage capabilities and enable us to continue to aggressively grow our capacity solutions service for clients at a pivotal moment,' Mr Honious said.
Said Velocity vice president John Lower: 'This will allow us to build upon our success and enable further growth opportunities. By combining our resources, we will ultimately be able to provide our clients a broader range of services.'
With its Americas region based in Brentwood, Tennessee, Geodis operates a full-service managed transportation line of business in the US and has 15,000 employees across North America.