Latest trends and best practices in Third Party Logistics technology, software solutions and providers of supply chain planning, operations, shipping and distribution.
Posted 08/25 · 12:24 PM · LM Editorial
Middlemen comprising the Transportation Intermediaries Association made money last quarter, say researchers.
Posted 08/13 · 01:50 PM · SCMR Editorial
Between January and May of this year, SCM World fielded a six-question survey in order to understand the supply chain community’s perception of global third party logistics providers (3PLs).
Posted 08/13 · 08:48 AM · MMH Editorial
Jacobson, a leading contract logistics and transport provider in the US market, will be acquired for $750 million in cash in a deal expected to close in mid-September.
Posted 08/13 · 08:21 AM · LM Editorial
Revenue was up 6 percent compared to the first quarter at $1.978 million and down 4.2 percent annually, and adjusted EBITDA was up 40 percent compared to the first quarter at $60 million, and was down 25 percent annually. Quarterly EBITDA was lower annually, due to the company’s Freight Management group revenues being negatively affected by lower market rates.
Posted 08/12 · 08:33 AM · LM Editorial
RRTS said yesterday it has entered into a definitive merger agreement to acquire Belleville, Mich.-based Active Aero Group, a provider of ground and air expedited services through its proprietary TMS, for roughly $115 million, with the acquisition expected to close by the end of September.
Posted 08/01 · 08:53 PM · LM Editorial
According to Evan Armstrong, president of 3PL consulting firm Armstrong and Associates, U.S. 3PL gross revenue in 2013 saw annual gains, up 3.2 percent over 2012 at $146.4 billion. He says that while global trade and economic activity serve as the “ultimate drivers” of market growth, the maturity of competitive service offerings and the size of major players are contributing to slower growth rates.
Posted 07/31 · 02:06 PM · LM Editorial
Lyon, France-based Norbert Dentressangle, a $5.5 billion global third-party logistics (3PL) services provider focused on global logistics, transport, ocean, and air services, said today it has acquired Des Moines, Iowa-based Jacobson Companies, a value-added warehousing (VAW) company, for $750 million from private equity firm Oak Hill Capital Partners.
Posted 07/17 · 08:19 AM · LM Editorial
Cincinnati-based non-asset freight broker and third-party logistics (3PL) services provider Total Quality Logistics (TQL) recently announced it has opened a new sales office in Daphne, Alabama.
Posted 07/15 · 02:42 PM · SCMR Editorial
Citing the recent findings of the consultancy, Armstrong and Associates, this year’s 2015 State of Logistics report states that revenues for the 3PL sector rose 3.2 percent in 2013, much lower than the 5.9 percent growth a year ago.
Posted 07/15 · 09:07 AM · SCMR Editorial
United States 2013 third-party logistics (3PL) gross revenue again saw annual gains, up 3.2 percent over 2012 at $146.4 billion, according to data released by supply chain consultancy Armstrong & Associates.