TPG Capital to Acquire 3PL Firm Transplace
TPG Capital, a global private equity platform, has agreed to acquire Transplace, a provider of transportation management and other third-party logistics services.
August 14, 2017Kuehne + Nagel Purchases Commodity Forwarders
Kuehne + Nagel Inc. has purchased Commodity Forwarders Inc., an airfreight forwarder of perishable goods in the United States.
July 21, 2017Coyote Logistics to Open Atlanta Office, Add 325 Jobs
Coyote Logistics will open a 48,000-square-foot office in northeast Atlanta and create 325 jobs, spending more than $6 million.
July 21, 2017Quarterly Profits Decline for 3PLs as Competition Puts Pressure on Rates
Third-party logistics providers reported profits that either fell or vanished in the first quarter even though revenue was on the rise, the companies said.
May 1, 2017SmartWay Seeks to Involve Additional Shippers, 3PLs
ORLANDO, Fla. — Greater involvement from shippers and third-party logistics providers is an important next step for realizing the freight efficiency goals at the heart of the Environmental Protection Agency’s SmartWay Program, an agency representative said. And some are taking a look at the program.
April 17, 20173PL Execs Pleased With Market Conditions, But Economist Warns of Possible Recession
LAS VEGAS — Third-party logistics companies generally were positive about business conditions despite tighter margins. However, FTR economist Noël Perry warned executives here at the Transportation Intermediaries Association Capital Ideas Conference & Exhibition that this year won’t be as fruitful as earlier in the decade and that a recession could be looming behind it.
April 17, 2017Shippers, 3PLs Tout Technology as Key to Better Performance
LAS VEGAS — Technology can save shippers, carriers and third-party logistics companies money and time and improve the relationship between the three critical cogs in the supply chain, according to a panel at the 2017 Transportation Intermediaries Association conference.
April 7, 2017How the 3PL Market is Positioned to Meet Shipper's Visibility Demands
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December 7, 2016BlueGrace Logistics Gets $225 Million in Minority Investment From Warburg Pincus
Third-party logistics provider BlueGrace Logistics announced private equity firm Warburg Pincus has agreed to a minority investment of $255 million in the firm, including committed capital and direct investment to spur growth and acquisitions.
August 10, 20163PLs Must Utilize IT More Effectively to Manage Transportation, Study Says
Shippers that continue to rely on third-party logistics operators, or 3PLs, to manage transportation services are pressing the providers to use information technology more effectively, a new study found.
March 10, 2014