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Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.

2023 was a generally downtrodden year for 3PLs, with plummeting transportation rates and shippers focused on right-sizing inventories and reducing logistics costs.

A freight market recession, compressed broker margins and major acquisitions in 2023 have markedly altered the landscape of North America’s largest third-party logistics providers.

Stubbornly weak freight market conditions have placed financial strain on 3PLs in recent years with an oversupply of truck capacity driving down rates and squeezing brokers’ margins.

Wallenius Wilhelmsen ASA, one of the largest car shipping companies, said it expects a $5 million to $10 million hit to its earnings from the Baltimore bridge disaster.

U.S. ports experienced overall increases in container volumes year-over-year in February to extend a strong start to the year.

Ontario has opened a new commercial vehicle inspection station for trucks traveling westbound on Highway 11/17, a primary Trans-Canada Highway route, into the Port of Thunder Bay.

Uber Freight has scaled up its drop-and-hook capacity solution nationally with new freight network optimization capabilities, the company announced March 21.

WASHINGTON — A new report compiled for the American Association of Port Authorities shows that ports and the maritime industry played a critical role in economic growth last year.

When the next shipment of Lime electric bikes or scooters arrives at the Port of Los Angeles this month, it will be delivered to a distribution center on an electric truck.