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.
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.
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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.