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, 2017
Some shippers are taking longer to pay freight bills, forcing carriers and brokerage firms to accept either discounts on invoices paid within a shorter payment cycle or to absorb additional expenses associated with extending credit to customers.
FedEx Corp. reported a sharp increase in annual profits, rocketing 65% year-over-year and easily beating forecasts by a consensus of industry analysts.
Former Illinois Department of Transportation Secretary Ann Schneider was unanimously hired by the Will County board June 16 to implement the Community Friendly Freight Mobility Plan that she helped create after amending her proposed contract.June 20, 2017
A strategic plan unveiled late last month provides the framework for creation of an integrated system transporting goods in a four-county region in Florida, including Gulf.
Mike Crawford, a former player in the National Football League, has been promoted to run freight brokerage at ITS Logistics.June 6, 2017
Saddle Creek Logistics Services CEO Cliff Otto plans on retiring, and current Chief Financial Officer Mark Cabrera is being groomed for the job, the company announced.June 2, 2017
Jinny Eken apparently has gone the extra mile to keep her quiet residential neighborhood in unincorporated New Lenox Township safe from truck traffic.
Freight broker GlobalTranz Enterprises Inc. acquired Logistics Planning Services, also a freight brokerage, in a move that significantly increases its market share in third-party logistics services.May 19, 2017
Third-party logistics firm SCI announced it is handling the Canada-wide distribution of clothing retailer John Paul Richard’s products as soon as shipments arrive in Vancouver, British Columbia, from Asia.May 15, 2017