GTI Transport Solutions, a Novacap-backed company, has purchased Foxconn Logistics, a brokerage company.

GTI Transport Solutions focuses on transportation services including managed transportation, contract brokerage, specialty storage, and freight forwarding. Foxconn Logistics is a non-asset contract brokerage specialized in container management and drayage within intermodal logistics. The firm specializes in container management and drayage that supports the movement of ocean, rail, and road freight transportation to Canada and Mexico.

“By becoming part of GTI USA, we will have additional resources to support our teams who have established deep relationships with our customers” adds Vincent Burch, co-founder of Foxconn Logistics. “Today, we can quickly gain a larger share of wallet by offering a complete value-added solution for all their freight and logistics needs.”