Business, Technology, Logistics

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
Business, Logistics

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.

Burney Simpson | Staff Reporter
April 11, 2018

Tight Capacity, ELD Mandate Send 3PL Rates Higher

C.H. Robinson Worldwide employees C.H. Robinson Worldwide Inc.

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.

Burney Simpson | Staff Reporter
December 27, 2017

Ryder, Echo Report Record Third-Quarter Revenue

Ryder truck on the road Ryder System Inc.

Ryder System Inc. reported record revenue but lower profits in the third quarter of 2017.

October 26, 2017

Equity Group Buys Majority Stake in Chemical Hauler Odyssey

A private equity group has reached a deal to become the majority owner of Odyssey Logistics & Technology, a third-party logistics company specializing in chemical transportation.

Ari Ashe | Staff Reporter
August 30, 2017
Business, Technology, Equipment

E-Commerce Boom a Boon for 3PLs

Forklift Ty Wright/Bloomberg News

While the e-commerce boom has been a disruptor to the traditional brick-and-mortar retail sector, it also has benefited third-party logistics companies that assist online retailers uninterested in holding inventory at their own distribution centers.

Ari Ashe | Staff Reporter
July 13, 2017