Digital Freight Startup CDL 1000 Acquires Rival NEXT Trucking.

Digital freight broker CDL 1000 has acquired competitor NEXT Trucking in an equity deal, consolidating the struggling industry of matching trucks and shipments. CDL 1000, based in Chicago, manages loads on short-haul routes between seaports and warehouses, while NEXT Trucking, based in Long Beach, focuses on the Los Angeles and Long Beach container port complex. CDL 1000's acquisition of NEXT Trucking, along with its previous purchase of Hickory Transportation Services, will expand its services and nationwide reach. The digital freight industry has faced challenges due to a downturn in the logistics industry and limited funding opportunities. [Extracted from the article]