Latest trends and best practices in Third Party Logistics technology, software solutions and providers of supply chain planning, operations, shipping and distribution.
Posted 06/12 · 12:25 PM · MMH Editorial
In the report, Armstrong said that United States 2013 3PL gross revenue increased 7.4 percent, or by $10.8 billion, to $157.2 billion.
Posted 06/12 · 11:15 AM · LM Editorial
The bigger, the better could serve as a accurate description of the third-party logistics (3PL) sector, given the increasing activity of large-scale 3PL-related acquisitions, coupled with the steady revenue growth the sector has seen and is expected to see in the future, too. That is a key takeaway of a new report issued this week by supply chain consultancy Armstrong & Associates Inc., entitled “Big Deal - 2014 3PL Results and 2015 Estimates.”
Posted 06/09 · 08:34 AM · LM Editorial
Following its April announcement that it planned to acquire Lyon, France-based 3PL Norbert Dentressangle SA for $3.53 billion, non asset-based 3PL XPO Logistics said yesterday that the acquisition has been made official.
Posted 06/01 · 04:00 PM · LM Editorial
In the wake of the recent acquisition of Norbert Dentressangle by XPO Logistics, the logistics community is bracing for even more major consolidation deals. The third-party logistics provider (3PL) community is loving it, especially as their margins continue to widen—particularly throughout North America.
Posted 05/13 · 12:00 PM · LM Editorial
SEKO said New York-based private equity firm Greenbriar Equity Group LLC, which has more than $2 billion of committed capital in companies in the global transportation industry, including logistics, distribution, and, freight, among others, will serve as its private equity growth partner.
Posted 05/07 · 03:48 PM · MMH Editorial
The second of three levels opens the company to new opportunities in a market where minimum requirements are often non-negotiable.
Posted 05/06 · 10:47 AM · LM Editorial
First quarter revenue of $1.776 billion was down 4.8 percent annually but up 4.6 percent in constant currency. And adjusted EBITDA at $51 million saw an 18.6 percent annual gain, with a 23.3 percent increase in constant currency.
Posted 05/05 · 09:16 AM · LM Editorial
Non asset-based 3PL XPO Logistics reported solid first quarter earnings last night, with total gross revenue seeing a 148.9 percent annual gain at $703.0 million and net revenue up 349.0 percent to $262.2 million. Despite the significant gains in total gross revenue and net revenue, the company had a $14.7 million quarterly net loss, which marked an improvement compared to a $28.3 million net loss a year ago.
Posted 04/29 · 08:54 AM · LM Editorial
Since its inception in September 2011, non asset-based 3PL XPO Logistics has made several acquisitions. And that process it has established itself as a player in myriad markets through its growth by acquisition strategy. Yesterday, it took things on the acquisition front to a new level, announcing it plans to acquire Lyon, France-based 3PL Norbert Dentressangle SA for $3.53 billion.
Posted 04/01 · 10:10 AM · MMH Editorial
Initially focused on the transportation component of the supply chain, the modern day 3PL offers a range of services to support warehousing and distribution.