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E-Commerce Boom a Boon for 3PLs
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...
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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. The Jordan Co....
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Ryder, Echo Report Record Third-Quarter Revenue
Ryder System Inc. reported record revenue but lower profits in the third quarter of 2017. The Miami-based truck leasing and rental firm and one of the nation’s largest providers of logistics services...
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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. YOUR GUIDE TO THE MANDATE:...
View Article3PLs 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...
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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. Terms of the transaction were not...
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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. The company’s platform, called C4, helps...
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Trying Times Give 3PLs an Opportunity to Prove Their Worth
[Stay on top of transportation news: Get TTNews in your inbox.]With persistent and severe supply chain constraints hampering transportation networks in North America and across the globe, the past two...
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High Demand Drives 3PLs to Best Growth Year on Record
[Stay on top of transportation news: Get TTNews in your inbox.]Strong consumer demand, continued supply chain bottlenecks and tight carrier capacity sent air, ground and ocean transportation rates...
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Expanded List of Top 100 3PLs Reflects Ever-Changing Logistics Landscape
[Stay on top of transportation news: Get TTNews in your inbox.]With supply chain disruptions, labor shortages and scarce truck capacity impeding the flow of goods in North America and across the globe,...
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