Filed in 3PL
Thursday, October 02, 2014
3PL makes its first acquisition in its 85-year history with purchase of the Southeast and Northeast regional hubs of Bloomington, Illinois-based 3PL Nexus Distribution Corporation.
Posted on 10/02 at 07:45 AM
Kane is Able •
Wednesday, October 01, 2014
While shippers may generally be content with the reliability of their 3PL partners, new research indicates that there’s considerable concern about the value of long-term, strategic relationships. Industry analysts explain how innovation and a deeper commitment to collaboration will become the key differentiators in the 2015 marketplace.
Monday, September 29, 2014
The relationships between third-party logistics (3PL) service providers and shippers are seeing ongoing developments due in large part to the continuing emergence and sophistication of omni-channel retailing. That was one of the key findings of The 19th Annual Third-Party Logistics Study, which was released by consultancy Capgemini Group, Penn State University, and Korn/Ferry International, a global talent advisory firm.
Posted on 09/29 at 10:20 AM
Wednesday, September 03, 2014
Non asset-based 3PL XPO Logistics said yesterday it formally completed its acquisition of New Breed Logistics, a non asset-based 3PL focusing on contract logistics services, for roughly $615 million.
Posted on 09/03 at 09:43 AM
XPO Logistics •
Monday, September 01, 2014
The continued evolution of “digital supply networks” depends on just how well shippers and their third-party logistics provider partners can work together to take costs out of the system while making improvements in flexibility and speed. Our consulting team offers a high-level blueprint for making it happen.
As third party logistics providers (3PLs) work to ramp up services for their customers, one area of focus is information management services.
Monday, August 25, 2014
Middlemen comprising the Transportation Intermediaries Association made money last quarter, say researchers.
Wednesday, August 13, 2014
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 on 08/13 at 08:21 AM
Global Logistics •
Tuesday, August 12, 2014
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 on 08/12 at 08:33 AM
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Friday, August 01, 2014
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.