Truckstop.com acquires Registry Monitoring Insurance Services
Truckstop.com announced it has acquired Registry Monitoring Insurance Services (RMIS), a provider of automated onboarding and monitoring services and software to the freight transportation industry. The acquisition of RMIS brings carrier onboarding and insurance monitoring to the “industry’s largest freight marketplace, Truckstop.com, solidifying the company’s leadership in providing solutions that strengthen broker, shipper and carrier relationships. ”
Founded in 1996, RMIS specializes in insurance monitoring and compliance across multiple industries. The company collects and monitors certificate of insurance information and manages compliance rule sets for its clients. RMIS is headquartered in Westlake Village, CA, and has approximately 160 employees.
Founded in 1995 as the first load board on the internet, Truckstop.com offers logistics solutions for transportation professionals through load planning, transportation management, real-time rates, and negotiation tools, as well as the “largest industry credit reporting entity helping industry professionals find trusted freight partners.” The company also offers per-load cargo insurance.
“This acquisition marries the industry’s two most respected compliance tools, RMIS and SaferWatch, to introduce Compliance-as-a-Service (CaaS) to the freight world, furthering Truckstop.com’s commitment to supply customers with the tools they need to successfully manage the entire freight lifecycle. By combining our resources and expertise, we will undoubtedly bring even more value to brokers and carriers by simplifying workflow through automation– shortening critical steps to minutes rather than days.” – Paris Cole, CEO, Truckstop.com.
“From the start, RMIS has operated with the goal of reducing complexities and streamlining processes for our freight customers. With this acquisition, it is clear that we are better together in our pursuit of delivering best-in-class products, solutions and services to the market.” – Hayden Landon, president, Registry Monitoring Insurance Services.
