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AmeriQuest buys second Internet venture

Published Monday, December 16, 2002

AmeriQuest Transportation and Logistics Resources Corp. has purchased Corcentric, an Internet venture that provides a variety of electronic commerce services. The price of the deal wasn't revealed, though Corcentric said it handles $500 million worth of transactions per year via its online network. This is the second Internet firm purchased by Cherry Hill, NJ-based AmeriQuest. It bought FleetXchange, an Internet-based purchasing consortium for trucking fleets, in February 2001. AmeriQuest said those acquisitions are an important part of its growth strategy as it seeks to offer a wider array of online business services for trucking operations, such as electronic part ...

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