Quarterly 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.
SmartWay 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.
3PL 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.
Shippers, 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.
How 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, 2014Logistics Excels in Cincinnati DMA
The Cincinnati region is growing in stature as a leading transportation and logistics hub. According to BE NKY, between 2015 and 2020, the transportation and logistics sector was responsible for more than 85% of all jobs created in the region. This is projected to grow 28% through 2025.
June 6, 2023