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, 2018Sunset 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, 2018Retailers 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, 2017Revenues 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, 2017Becker 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, 2017Opinion: 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, 2017Surveys 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, 2017Brokers 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, 2017LTL Sector Enjoys Fruitful 2017
Indications are that the truckload market is bouncing back from some rough conditions earlier this year, according to industry analysts at Stifel, Nicolaus & Co.
September 12, 2017Two Equity Firms Close to Deal for 3PL Transplace
Two private equity firms are close to a deal that will transfer ownership of third-party logistics provider Transplace, probably by the end of September.
August 16, 2017