Becker 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.
Surveys 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.
LTL 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.
Two 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.
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.