3PLs Gain Market Share but Face Rising Fraud, TIA Leaders Say
ORLANDO, Fla. — Third-party logistics providers remain poised for long-term success after helping shippers navigate supply chain turmoil wrought by the pandemic, industry leaders said.April 22, 2023
Shippers Advance 3PL Focus Post-Pandemic
The shipper community continues to increase its use of third-party logistics providers in the aftermath of the pandemic and major technological changes.
Expanded List of Top 100 3PLs Reflects Ever-Changing Logistics Landscape
As the 3PL industry continues to grow, so, too, does Transport Topics' annual ranking of the largest logistics companies in North America, this year expanding from 50 to 100 companies.April 8, 2022
High Demand Drives 3PLs to Best Growth Year on Record
Strong consumer demand, continued supply chain bottlenecks and tight carrier capacity sent air, ground and ocean transportation rates soaring to historic levels in 2021 as shippers leaned on third-party logistics providers to bolster inventories and avoid product stockouts.
Trying Times Give 3PLs an Opportunity to Prove Their Worth
The past two years have been difficult ones for shippers to move their freight. But times like these are when logistics providers can most clearly demonstrate the value they bring to their business partners.April 8, 2022
Cargo Chief Raises $2.5 Million in Venture Capital
Cargo Chief, which provides a carrier integration platform for 3PLs, announced it has raised more than $2.5 million, according to a Jan. 25 press release.January 31, 2019
GlobalTranz Buys California Brokerage, Logistics Company Our Freight Guy
GlobalTranz Enterprises Inc., a third-party logistics service provider, has acquired California-based freight brokerage and logistics company Our Freight Guy.January 29, 2019
3PLs Enjoy Solid 4Q Revenues
Third-party logistics firms saw total shipments rise in the fourth quarter of 2017, sending revenue and invoice amount-per shipment values jumping, but not enough to improve profits, according to the 3PL Market Report from the Transportation Intermediaries Association.
Tight Capacity, ELD Mandate Send 3PL Rates Higher
The new year is bringing good news to third-party logistics firms as tight capacity sends the rates they charge shippers higher and their spot market business flourishes.
Ryder, Echo Report Record Third-Quarter Revenue
Ryder System Inc. reported record revenue but lower profits in the third quarter of 2017.October 26, 2017