Travero

What Travero does

Travero is a privately held, wholly owned subsidiary of Alliant Energy Corporation that operates as a multimodal third-party logistics (3PL) provider headquartered in Fairfax, Iowa, with roots tracing to CRANDIC Rail's 1904 founding. The company delivers integrated freight services spanning freight brokerage (FTL long-haul/short-haul, dry van, temperature-controlled, flatbed, step deck, and specialized truckload), rail freight via the CRANDIC Rail short line subsidiary (with Class 1 interline connectivity including CN Rail), transloading (rail-to-truck and truck-to-rail), warehousing, and — until its March 2026 divestiture — barge terminal operations on the Upper Mississippi River. Following the sale of Logistics Park Dubuque (LPD) to LOGISTEC, Travero's owned-asset footprint centers on Logistics Park Cedar Rapids (LPCR), a 259,000 sq ft rail-served warehouse with 4 railcar bays and 39 loading docks, complemented by CRANDIC Rail's 120+ year short line network and a nationwide contracted carrier network.

Revenue mechanics are transaction-based across brokerage, rail freight (published commodity tariffs with monthly fuel surcharge adjustments), transloading, and warehousing, with quote-based pricing varying by commodity, volume, distance, and handling requirements. The go-to-market model is relationship-driven, direct B2B sales targeting enterprise and mid-market industrial shippers, supported by dedicated 24/7 logistics manager teams. Travero serves eight primary verticals: agriculture, food production, manufacturing, medical/healthcare, paper and packaging, retail, recycling, and heavy equipment/utility, with multiple customer relationships spanning 10-20+ years. Marketing is concentrated on industry-specific case studies, SEO-optimized service pages, and a company blog rather than broad digital advertising. The company has no public revenue disclosure, no public API or developer platform, and no disclosed AI/ML capabilities; technology emphasis is on real-time freight tracking and carrier portal workflows via the Highway platform.

Name

Travero

Legal name

Travero, Inc.

Website

https://travero.com

Company type

Private

Founded year

1904

Operating status

Operating

Short description

Travero is a multimodal 3PL subsidiary of Alliant Energy, offering freight brokerage, rail (CRANDIC), transloading, warehousing, and formerly barge terminal services to enterprise industrial shippers across US Midwest verticals including agriculture, food, manufacturing, medical, and heavy equipment.

Ownership category

akta.pro rank

Product category

Third-Party Logistics (Freight Brokerage)

NAICS

Freight Transportation Arrangement (488510), Freight Transportation Arrangement (48851), General Warehousing and Storage (49311), Support Activities for Transportation (488)

SIC

Arrangement Of Transportation Of Freight & Cargo (4731), Public Warehousing & Storage (4220), Trucking & Courier Services (No Air) (4210)

akta.pro primary industry

Freight Brokerage (Truckload/LTL/Intermodal) (TLAIAEAC)

akta.pro secondary industries

Contract Warehousing / Dedicated Warehousing (Dry) (TLALAAAB), Cross-Dock & Transload Operations (Asset-Based) (TLAIAMAD), Automated Warehousing & AS/RS Operations (Robotics-Enabled) (TLAIACAL)

Keywords

• Freight brokerage services
• Warehousing and storage
• Transloading services
• Short line rail freight
• Barge terminal operations

Headquarters

HQ city

Cedar Rapids

HQ country

United States

HQ region

North America

Offices5 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Marketing or Sales, Technology or R&D, Supply Chain

Revenue model

1. Freight brokerage services: Transaction-based freight brokerage matching shippers with carriers, charging transaction fees or commissions per shipment. Services include FTL long-haul/short-haul, dry van, temperature-controlled, flatbed, step deck, and specialized truckload services across the US and cross-border to Canada/Mexico.
2. Warehousing and storage services: Public warehouse services at Logistics Park Cedar Rapids (259,000 sq ft) and Logistics Park Dubuque (250,000 sq ft), providing indoor/outdoor storage, cross-docking, and inventory management.
3. Transloading services: Rail-to-truck and truck-to-rail transloading at two Iowa facilities, handling bulk commodities, materials, heavy equipment, food grade products, and specialized cargo.
4. CRANDIC Rail freight: Short line railroad services with published tariffs for agricultural products, chemicals, equipment, fertilizer, lumber, and ethanol. Revenue from rail freight transportation and demurrage charges.
5. Barge terminal services: Mississippi River barge terminal operations at Logistics Park Dubuque for bulk commodities including fertilizer, grain, steel, and project cargo via barge, rail, and truck.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels4 records

Core offering

Travero is a third-party logistics (3PL) provider that arranges and executes freight transportation, warehousing, transloading, rail, and barge terminal services for industrial shippers. Its core deliverable is moving and storing customer cargo via an integrated multimodal network that combines its nationwide trucking carrier base with owned CRANDIC Rail short line service and rail-served warehouse facilities in Iowa. Customers buy managed logistics solutions tailored by industry vertical, including agriculture, food production, manufacturing, medical, paper and packaging, recycling, retail, and heavy equipment.

Product overview

Travero is a third-party logistics (3PL) provider offering an integrated suite of logistics services centered on freight brokerage, transloading, warehousing, rail freight, and barge terminal operations. The core offering consists of Freight Brokerage (nationwide trucking services), Transloading Services (rail-to-truck transfers), Warehousing Services, and Barge Terminal Services, supported by the CRANDIC Rail Freight sub-brand. Key facilities include Logistics Park Cedar Rapids (LPCR), a flagship rail-served warehouse and transloading hub, and Logistics Park Dubuque (LPD), a multimodal Mississippi River terminal. The company operates as a subsidiary of Alliant Energy Corporation and positions itself as a one-stop logistics solution partner combining multiple transportation modes and services.

Differentiator

Problem solved

Functional benefit

Brands

• CRANDIC Rail: Award-winning short line railroad service operated by Travero, providing freight rail transport in east-central Iowa with connections to Class 1 railroads. Now in its second century of service.

Products and services

• Freight Brokerage

Quantifiable outcome

• Zero cargo theft in 11 years
• +1 more outcomes

Named customers9 records

Segments8 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Three partnerships are on record, tiered core.

• LOGISTECcoreStrategic or Co-development Partner · 11 March 2026LOGISTEC, a North American marine terminal and logistics services provider based in Montreal, Quebec, acquired Logistics Park Dubuque (LPD) from Travero. The 100-acre multimodal marine terminal in East Dubuque, Illinois on the Upper Mississippi River handles bulk and breakbulk commodities for agriculture, steel, manufacturing, and energy sectors. LOGISTEC CEO Sean Pierce stated the acquisition expands reach into America's industrial and agricultural heartland. Financial terms undisclosed.
• Class 1 Railroads (CN Rail, Regional Partners)coreTechnology or IntegrationCRANDIC Rail operates through strategic agreements with regional and Class 1 railroads including Canadian National Railway (CN Rail) for main line connectivity. CN Rail provides direct rail access at Logistics Park Dubuque. These partnerships enable nationwide rail network access for CRANDIC customers.
• National Carrier PartnerscoreChannel Partner/ Reseller/ DistributorExtensive network of licensed and insured trucking carriers, owner-operators, and private fleets for freight brokerage services. Carriers benefit from quick pay options, 28-day payment terms, fuel advances, 24/7 customer service, repeat lanes, spot and contract business, and digital onboarding via Highway platform.

Scale indicators5 records

Recent moves7 records

Expansion highlights5 records

Regional players

• Heartland Express: Regional asset-based truckload carrier serving Midwest industrial shippers. Comparable Midwest operating footprint and industrial customer base.
• LOGISTEC: North American marine terminal and logistics operator that recently acquired Travero's Logistics Park Dubuque. Now an adjacent/competitor on barge terminal and bulk handling services in the Upper Mississippi corridor.
• Werner Enterprises: Midwest-based truckload and logistics provider with brokerage and dedicated services. Geographically and operationally similar to Travero's Midwest-rooted multimodal model.

Broad incumbents

• Schneider National: Large multimodal carrier offering truckload, intermodal, logistics, and warehousing. Comparable diversified offering with multimodal asset ownership and logistics services targeting enterprise shippers.
• C.H. Robinson Worldwide: One of the largest US 3PLs with national truckload brokerage, warehousing, and intermodal capabilities. Directly comparable as a multimodal freight broker targeting industrial shippers across verticals, though much larger in scale and more digitally enabled than Travero.
• J.B. Hunt Transport Services: Asset-based multimodal carrier with intermodal (rail-to-truck), ICS brokerage, and dedicated contract services. Highly comparable multimodal business model combining owned rail/barge intermodal with truckload brokerage and warehousing.

Direct peers

• Landstar System: Asset-light truckload broker with extensive owner-operator network and broad industrial shipper base. Comparable relationship-led model with national carrier network for industrial freight.
• Patriot Rail and Ports: Short line railroad operator and rail-adjacent logistics provider that owns and operates short line infrastructure. Highly comparable to Travero's CRANDIC Rail short line business with industrial and agricultural commodity focus.
• Echo Global Logistics: Asset-light freight broker and 3PL focused on truckload and intermodal for industrial customers. Direct comparison as a non-asset brokerage competitor serving similar middle-market and enterprise shipper base.
• Hub Group: Intermodal and logistics provider with strong Midwest presence, rail-to-truck drayage, brokerage, and dedicated operations. Comparable in combining intermodal assets with brokerage and warehousing services for industrial shippers.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks5 records

Key highlights6 records

Customer concentration

• YouTubeyoutube.com/embed/0KFVk9220aA

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Travero