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, 2018GovernmentBusinessLogistics
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
Tight Capacity, ELD Mandate Send 3PL Rates Higher
The new year is bringing good news to third-party logistics firms as tight capacity sends the rates they charge shippers higher and their spot market business flourishes.
December 27, 2017BusinessLogistics
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, 2017BusinessLogistics
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, 2017BusinessLogistics
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, 2017BusinessTechnologyLogisticsAutonomousPerspective
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
Ryder, Echo Report Record Third-Quarter Revenue
Ryder System Inc. reported record revenue but lower profits in the third quarter of 2017.
October 26, 2017