Logistics Market Faces Challenges Across Segments in 2023
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.
FIATA Seeks to Deter Cyberattacks in Freight Forwarding
FIATA executives stressed that small and medium-size companies must prepare for cybersecurity threats before and after attacks because of a rise in electronic data-sharing.
Census Bureau: Two Trucking Sectors Prospered During Pandemic
Freight forwarding and longhaul trucking for truckload experienced the highest business booms for revenue during the pandemic, a new U.S. Census Bureau transportation analysis shows.
FIATA Focuses on Unfair Shipping Competition, Digital Trade Documents
New digitized trade documents and unfair competition from shipping lines infringing on turf for inland cargo are top priorities during a gathering of transportation leaders and government officials convened by the world’s largest freight forwarding association.
Odyssey Realigns Business Structure With Four New Divisions
Odyssey Logistics & Technology Corp. realigned its business structure by creating four new operating divisions, the company announced May 4.
May 9, 2022Odyssey Logistics & Technology Acquires RPM Consolidated Services
Odyssey Logistics & Technology Corp. acquired full-service logistics and warehousing provider RPM Consolidated Services Inc., the Danbury, Conn.-based company announced Jan. 30.
January 31, 2020SAS Cargo Partners With WebCargo
SAS Cargo will partner with WebCargo, a Freightos Group Co., to provide freight forwarders a digital air cargo service with fully digital live rates, capacity and e-booking, the companies said in a Nov. 26 news release.
December 2, 2019MIQ Logistics Agrees to Buyout by Spanish Firm Noatum
Global freight forwarder MIQ Logistics will become part of Noatum Logistics, a unit of Noatum Maritime Services in Madrid, according to a definitive agreement announced March 21.
Freight Forwarder Flexport Receives $1 Billion Investment From SoftBank
SoftBank Vision Fund, along with several partners, has invested $1 billion in Flexport Inc., a full-service air and ocean freight forwarder, according to Flexport’s blog.
February 27, 2019Magnate Worldwide Acquires Domek Logistics
Shipping and logistics company Magnate Worldwide has announced the acquisition of Domek Logistics. Domek will integrate as an additional branch of Masterpiece International, MWW’s international freight forwarding and customs brokerage subsidiary, according to a Nov. 2 press release.
November 5, 2018