Filed in 3PL
Friday, March 29, 2013
Annual growth for the third-party logistics (3PL) market in 2013 is expected to be north of 6 percent, with much of current market activity centered around mergers and acquisitions, with many of the same underlying market fundamentals of 2012 still intact, according to Evan Armstrong, president of Armstrong & Associates.
Thursday, March 21, 2013
Established in 2010, Open Mile is a non-asset based transportation service provider, focusing on truckload brokerage, that provides high-tech automation with freight management expertise, according to Echo officials.
Monday, March 18, 2013
Global third-party logistics (3PL) services provider MIQ Logistics announced earlier this month that it has opened a Laredo, Texas-based facility which it said will focus on serving shippers’ cross-border supply chain needs.
Tuesday, March 05, 2013
Vitran officials said the purchase price for SCO is $97 million in cash, adding that it has used a portion of the cash to fully reduce its debt under its senior revolving credit facility.
Posted on 03/05 at 02:48 PM
Vitran Corporation •
Thursday, February 28, 2013
Non asset-based 3PL XPO Logistics reported fourth quarter and full-year 2012 results yesterday and also announced that it acquired Chicago-based Covered Logistics & Transportation LLC, a non-asset third party freight brokerage business.
Posted on 02/28 at 01:09 PM
XPO Logistics •
Tuesday, February 12, 2013
Staying true to a major theme of expanding its service offerings—growth through acquisition—non-asset based third party logistics (3PL) services provider XPO Logistics announced today it has acquired the operating assets of Statesville, North Carolina-based East Coast Air Charter Inc. (ECAC), a non-asset, 3PL focused on expedited air charter brokerage.
Thursday, January 10, 2013
Menlo Worldwide Logistics LLC, a third-party logistics (3PL) subsidiary of freight transportation services provider Con-way Inc., announced this week it has opened up a new 37,000 square meter state-of-the-art warehousing and retail distribution management center in Singapore.
Tuesday, January 08, 2013
As Mexico continues to gain traction as a more than viable option for global manufacturers to set up shop and leverage favorable labor wages and shorter cross-border transit times, it is subsequently becoming an attractive market for United States and global transportation and logistics service providers.
Thursday, November 29, 2012
Earlier this week, global third-party logistics (3PL) services provider CEVA Logistics reported third quarter earnings of $1.8 billion Euro or about $2.4 billion U.S., which represented a 5.1 percent annual gain.
Posted on 11/29 at 01:44 PM
Global Logistics •
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Tuesday, November 27, 2012
Bringing sourcing closer to home—also commonly referred to as near shoring—a practice used by shippers to reduce distance, production, and delivery of their products, may be again gaining some momentum, according to research from BDP International.