3PL
Business, Logistics

Brokers Move More Truckload Freight in Second Quarter

Cowan Logistics brokerage office Cowan Logistics brokerage office (Ari Ashe/Transport Topics)

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.

Ari Ashe | Staff Reporter
September 20, 2017
Business, Logistics

LTL Sector Enjoys Fruitful 2017

Stifel John Larkin Stifel analyst Larkin (Roger W. Gilroy/Ttransport Topics)

Indications are that the truckload market is bouncing back from some rough conditions earlier this year, according to industry analysts at Stifel, Nicolaus & Co.

Ari Ashe | Staff Reporter
September 12, 2017
Business

Two Equity Firms Close to Deal for 3PL Transplace

Transplace HQ TT File Photo

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.

Jonathan S. Reiskin | Associate News Editor
August 16, 2017
Business, Logistics

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.

Laurie Wiegler | Staff Reporter
August 14, 2017
Business

Kuehne + Nagel Purchases Commodity Forwarders

Truck Kuehne + Nagel International AG

Kuehne + Nagel Inc. has purchased Commodity Forwarders Inc., an airfreight forwarder of perishable goods in the United States.

Transport Topics
July 21, 2017
Business, Logistics

Coyote Logistics to Open Atlanta Office, Add 325 Jobs

Coyote Logistics Coyote Logistics

Coyote Logistics will open a 48,000-square-foot office in northeast Atlanta and create 325 jobs, spending more than $6 million.

Transport Topics
July 21, 2017
Business

Quarterly Profits Decline for 3PLs as Competition Puts Pressure on Rates

C.H. Robinson Worldwide

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.

Jonathan S. Reiskin and Ari Ashe | Staff Reporters
May 1, 2017
Business

SmartWay Seeks to Involve Additional Shippers, 3PLs

Roger W. Gilroy/TT

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.

Roger W. Gilroy | Staff Reporter
April 17, 2017
Business

3PL Execs Pleased With Market Conditions, But Economist Warns of Possible Recession

Ari Ashe/TT

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.

Ari Ashe | Staff Reporter
April 17, 2017
Business

Shippers, 3PLs Tout Technology as Key to Better Performance

Ari Ashe/TT

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.

Ari Ashe | Staff Reporter
April 7, 2017

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