A robust economy is placing new demands on third-party logistics service providers, based on survey results from two long-running university-sponsored studies released at the Council of Supply Chain Management Professionals annual conference in Nashville, Tenn.
October 11, 2018Business, Technology, Logistics
Economy Puts New Demands on Logistics Firms, Surveys Find
Government, Business, Logistics
Intermodal, 3PL Outlook Remains Strong
LONG BEACH, Calif. — The intermodal and third-party logistics industries are experiencing growth that is running parallel to the strength of the economy.
September 20, 2018Business
3PLs Enjoy Solid 4Q Revenues
Third-party logistics firms saw total shipments rise in the fourth quarter of 2017, sending revenue and invoice amount-per shipment values jumping, but not enough to improve profits, according to the 3PL Market Report from the Transportation Intermediaries Association.
April 11, 2018Business
Sunset Transportation Buys Snowland
St. Louis-based Sunset Transportation purchased Snowland Freight Services, adding Snowland’s branches in Green Bay, Wis., and St. Paul, Minn., to its four locations.
February 12, 2018Business, Logistics
Retailers Balance Post-Holiday Returns Between In-Store and 3PL Options
In November and December, online shoppers surfed their favorite websites and sent holiday gifts to the front doors of homes nationwide. In January, the last-mile supply chain shifts in reverse as Americans return the items they don’t like.
December 26, 2017Business, Logistics
Revenues Rise in 3Q for 3PLs as Shipments Jump
The third quarter saw a rise in freight shipments and revenues for logistics brokers compared with the same period a year ago, but profit margins fell 40 basis points due to cost increases in the spot market for trucks, according to the Transportation Intermediaries Association’s quarterly 3PL Market Report.
December 6, 2017Business, Logistics
Becker Logistics Buys Savage Logistics
Third-party logistics firm Becker Logistics purchased Savage Logistics, the freight brokerage division of Savage Cos., with the goal of expanding Becker’s geographic reach, building its core product services, and growing annual revenue.
November 27, 2017Business, Technology, Logistics, Autonomous, Perspective
Opinion: Emerging Evolution of Freight Brokerage
Freight and logistics always have depended on the human touch, but technology is getting smarter and many brokers wonder if their efforts will become unnecessary.
November 3, 2017Business, Logistics
Surveys Continue to Find Gaps in Logistics Technology and Service Capabilities
New studies show that while progress is being made by third-party logistics providers to meet shippers’ desire for increased visibility of shipments, greater automation and faster response to supply chain disruptions, major gaps still exist in how technology is used and the extent to which shippers and 3PLs collaborate with transportation service providers to extract benefits from data analysis.
September 27, 2017Business, Logistics
Brokers Move More Truckload Freight in Second Quarter
Freight revenue and volume grew single digits year-over-year in the second quarter, but margins shrunk during the same period because spot market rates were higher than mid-2016, according to the Transportation Intermediaries Association’s quarterly 3PL Market Report.
September 20, 2017