3PL

By Jeff Berman · May 6, 2015
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.
By Jeff Berman · May 5, 2015
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.
By Jeff Berman · April 29, 2015
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.
By Bridget McCrea · April 1, 2015
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By Patrick Burnson · February 17, 2015
Speculation first reported in Logistics Management that APL Logistics was up for sale has been confirmed. In a statement issued yesterday, Neptune Orient Lines (NOL) indicated it is spinning off the third-party arm for $1.2 billion to Japan’s Kintetsu World Express (KWE).
By Jeff Berman · February 10, 2015
XPO Logistics announced late yesterday it has acquired New York, New York-based UX Specialized Logistics, a North American provider of last mile logistics services for major retail chains and e-commerce shippers.
By Jeff Berman · February 9, 2015
LinkEx was established in 2002. It has 50 employees and generated $36 million in 2014 revenue.
By Jeff Berman · February 4, 2015
Global third-party logistics (3PL) services provider CEVA Logistics recently announced it opened up its fourth facility in Chicago, which is located in close proximity to O’Hare International Airport.
By Jeff Berman · January 9, 2015
LM Group News Editor recently spoke with Doug Waggoner, CEO of Echo Global Logistics, a non-asset based freight brokerage company and a provider of technology-enabled transportation and supply chain management services about how 2014 ended up in the freight transportation and logistics sectors and various related topics.
By Jeff Berman · December 16, 2014
With an eye on further expansion of its e-commerce business and related reverse logistics processes, transportation and logistics bellwether FedEx last night announced it has inked an agreement to acquire Pittsburgh-based GENCO, a third-party logistics (3PL) services provider specializing in product lifecycle and reverse logistics.
By LM Staff · December 4, 2014
Non asset-based third-party logistics (3PL) services provider UTi Worldwide (UTIW) issued a statement yesterday shooting down speculation that it will be acquired by DSV A/S, a Denmark-based global supplier of transport and logistics services.
SPECIAL REPORT
By Josh Bond · December 1, 2014
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By Jeff Berman · November 12, 2014
Third quarter earnings for global third-party logistics (3PL) services provider CEVA Logistics announced earlier this week were mixed. Along with its earnings release, the company also rolled out its new global operating model, which is focused on increasing, velocity, efficiency, and responsiveness.
By LM Staff · November 11, 2014
Company officials said that this new facility, which follows the company’s recent openings in St. Louis and Chicago, is comprised of office and warehouse space with racking to hold 1,000 pallet positions, cross docking, five standard loading docks and one drive-in door bay, as well as an on-site container freight station.
By Jeff Berman · November 6, 2014
Non asset-based third-party logistics (3PL) services provider Transplace said yesterday it has acquired Logistics Management Solutions (LMS), a St. Louis, Mo.-based non asset-based 3PL for serving shippers in the chemical and industrial manufacturing sectors.

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