Third-party logistics providers enjoyed another growth year in 2022, driven by inventory buildup from past supply chain disruptions and decreasing purchased transportation costs.
The largest third-party logistics companies in North America remained in growth mode in 2022 despite an uncertain economic environment and less favorable market conditions.
Third-party logistics providers have been adjusting to normalizing market conditions as supply chain disruptions, inventory shortages and surging demand have receded.
Forward Air Corp. has partnered with self-driving trucking company Kodiak Robotics to run one of their busiest freight lanes near continuously with an autonomous truck.March 21, 2023
Purolator Inc. will make its largest investment at $1 billion to electrify its Canadian network over the next seven years, the company announced March 9.March 15, 2023
Pitt Ohio Transportation Group has made a minority investment in residential delivery provider Aria Logistics, the company announced Feb. 13.February 16, 2023
U.S. Xpress Enterprises increased revenue but earnings fell during the fourth quarter of 2022, the company reported Feb. 9.February 10, 2023
Universal Logistics Holdings’ earnings grew on a slight decline in revenue during the fourth quarter of 2022, the company reported Feb. 9.February 10, 2023