Filed in 3PL
Thursday, April 04, 2013
CEVA said that through these efforts—and upon completion of the recapitalization—the company will reduce its consolidated net debt by more than $1.5 billion ($1.2 billion euros) and its annual cash interest expense by more than $173 million ($135 million euros) and also receive a capital infusion of a minimum of $264 million ($205 million euros) for investment in its business plan.
Posted on 04/04 at 10:19 AM
Global Logistics •
Tuesday, April 02, 2013
Having something to base a wide amount of criteria in the 3PL sector can be challenging for shippers. The Gartner Group’s recent release of its Magic Quadrant for Global Third-Party Logistics Providers aims to help alleviate some of those challenges, which can help shippers to better understand 3PLs and their capabilities when evaluating and selecting a set of providers to meet their needs, according to Gartner.
Monday, April 01, 2013
Even though the term 4PL remains shrouded in mystery, a number of prominent logistics providers claim that if there is indeed a 4th dimension, they’ve got it. But can they really deliver on that promise? After defining the differentiating features, we’ll let shippers decide.
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.
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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.