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October 5, 2017 - Industry News

3PL Market Revenues Could Top $1.1 Trillion by 2022

Cover via Armstrong & Associates

The global third-party logistics market could exceed $1.1 trillion dollars in the next five years as e-commerce and outsourcing fuels its growth.

Tags: Outsourcing, E-commerce, 3PL, Logistics, Market Analysis

October 4, 2017 - Industry News

3PL Study Finds Growing Potential in Blockchain, Automation

Image via Penske Logistics

A global study stresses the importance of adapting to emerging technologies for third-party logistics companies and shippers, including blockchain and automation to provide better services to end customers.

Tags: Research, Penske Logistics, 3PL, Shippers, Logistics

August 16, 2017 - Industry News

FourKites Recognized by Frost & Sullivan

Helping to plug the holes in freight visibility for shippers and 3PLs earned FourKites, Chicago, the 2017 North American Dynamic Supply Chain Tracking Solutions Entrepreneurial Company of the Year Award from Frost & Sullivan.

Tags: Frost & Sullivan, 3PL, Awards, FourKites

August 15, 2017 - Product News

TMW Updates Billing, Planning, Business Tools

TMW Systems announced several updated fleet software tools for managing billing, load planning, and business at the in.sight. User Conference + Expo hosted by PeopleNet and TMW in Nashville, Tennessee.

Tags: Preventive Maintenance, 3PL, TMW Systems, Events, Dedicated Fleets, Billing

August 3, 2017 - Industry News

Uber Freight Expands Reach of Truck Load-Matching App

A new ‘For You’ pack will show personalized recommendations. Photo: Uber Freight

Uber Freight is expanding the geography served beyond its initial focus on Texas and adding personalized load matching to its instant load booking/fast payment system.

Tags: 3PL, Uber, Mobile Apps, Uber for Trucking

June 23, 2017 - Industry News

Report: Trucking in Mexico Ripe for 3PLs

A wide-open road in Mexico. Photo:México Secretaria de Comunicación y Transportes

The trucking market in Mexico, despite its complexities, presents opportunities to third-party logistics providers, contends a new report released by market-research and consultancy firm Armstrong & Associates Inc.

Tags: Cross-Border Trucking, Mexico, NAFTA, 3PL

June 16, 2017 - Industry News

Report: Mediocre 2016 for U.S. 3PL Activity

Photo: Ryder

Third-party logistics in the U.S. experienced “a mediocre year” in 2016, according to a new report prepared by market-research and consultancy firm Armstrong & Associates Inc.

Tags: 3PL, Trends, Research

May 25, 2017 - Industry News

XPO Opens Logistics Hub to Support Lifestyle Beauty Brand

Photo courtesy XPO Logistics

XPO Logistics announced the opening of a third regional distribution center in Camp Hill, Penn., to support specialty retailer European Wax Center.

Tags: New Facility, 3PL, XPO Logistics, Distribution Centers

February 3, 2017 - Industry News

Earnings Watch: Saia, Old Dominion, Hub Group

Two less-than-truckload fleets and a multi-modal and logistics provider reported slightly lower fourth quarter earnings.

Tags: Old Dominion Freight Line, Saia, Hub Group, Fleet Earnings, LTL, 3PL, Intermodal

January 4, 2017 - Industry News

NFI Acquires Canadian 3PL Dominion Warehousing & Distribution

Supply chain service provider NFI has acquired Dominion Warehousing & Distribution, a Canadian third-party logistics firm, to expand its service offering in that country.

Tags: Canada, 3PL, NFI, Mergers & Acquisitions

November 10, 2016 - Industry News

Bennett International Creates New Logistics Company

Georgia-based transportation company Bennett International has announced the creation of Boss Engineered Logistics, a non-asset based transportation logistics firm.

Tags: 3PL, Logistics, Bennett International Group

October 27, 2016 - Industry News

Sunteck and TTS Merger Forms $1 Billion Multimodal Company

Third-party transportation and logistics providers Sunteck Transport Group and TTS Holdings have merged to create a single $1 billion dollar company.

Tags: 3PL, Mergers & Acquisitions, Multimodal

September 27, 2016 - Industry News

3PL Segment Growing 2-3 Times Faster Than GDP

Robert Voltmann, president and CEO of the Transportation Intermediaries Association Photo: Jim Beach

The third-party logistics industry has been growing two to three times faster than GDP, totaling about $157 billion per year, according to Robert Voltmann, president and CEO of the Transportation Intermediaries Association.

Tags: E-commerce, 3PL, TIA, Internet

July 26, 2016 - Industry News

Earnings Watch: Hub, C.H. Robinson, Wabash National, Rush Enterprises

The second quarter earnings season continued on Tuesday with companies ranging from a fleet and 3PL to a trailer maker and mega-dealer, with all but one reporting higher earnings than the same time last year.

Tags: Economy, Truck Sales, 3PL, Rush Enterprises, Earnings, Wabash National, C.H. Robinson, Hub Group, Fleet Earnings

July 18, 2016 - Industry News

Earnings Watch: J.B. Hunt Improves Second Quarter Profit by 2%

Trucking and intermodal giant J.B. Hunt Transport Services reported its second quarter profit increased just slightly, falling short of Wall Street expectations.

Tags: Economy, 3PL, Intermodal, J.B. Hunt, Earnings, Fleet Earnings, Dedicated Fleets

July 12, 2016 - Product News

MacroPoint Integrates with 3PL Systems' BrokerWare TMS

MacroPoint has announced an integration with transportation management system software provider 3PL Systems to help automate certain processes between shippers and brokers.

Tags: 3PL, Macropoint, Shippers, TMS, Brokers, Software Integration

July 7, 2016 - Product News

Carrier Logistics Integration Offers Alternative to EDI

Image via project44

Carrier Logistics will give carriers an alternative option for electronic data interchange feeds through a new integration with project44, the company has announced.

Tags: 3PL, Freight, Shippers, Carrier Logistics, Software Integration

June 21, 2016 - Industry News

Technology to Change Logistics Business, Says Report

U.S. business logistics costs rose at a slower rate last year as supply chain transparency continued to grow in importance, according to the the Council of Supply Chain Management Professionals’ Annual State of Logistics Report.

Tags: 3PL, Logistics, State of Logistics Report

June 15, 2016 - Industry News

Mergers, Acquisitions Dominate 3PL Market

Big mergers and acquisitions deals changed the third-party logistics market in 2016, with XPO Logistics leading the way with $100 million worth of deals.

Tags: Amazon.com, Trend Analysis, 3PL, Logistics, Mergers & Acquisitions, XPO Logistics

April 18, 2016 - Industry News

Earnings Watch: J.B. Hunt Profit Increases Nearly 9%

J.B. Hunt Transport Services says its first-quarter profit increased 8.9% from a year earlier as revenue rose by 6%, thanks to volume growth, improved network operations, higher equipment utilization, lower maintenance costs and increased contract pricing.

Tags: Economy, 3PL, Intermodal, Earnings, JB Hunt, Dedicated Fleets, Fleet Earnings

November 17, 2015 - Industry News

C.H. Robinson Continues Chicago Growth

C.H. Robinson, one of the world’s largest logistics providers, has signed a seven-year lease for a 235,000-square-foot commercial office building and warehouse in the Chicago area.

Tags: Chicago, 3PL, Illinois, C.H. Robinson

September 9, 2015 - Industry News

XPO Logistics to Buy Con-way in $3 Billion Deal

XPO Logistics announced late Wednesday that it is buying Con-way Inc. in a $3 billion deal that will make XPO the second largest LTL provider in North America and expand its global contract logistics platform.

Tags: 3PL, LTL, Mergers & Acquisitions, Con-way Inc., XPO Logistics

June 29, 2015 - Industry News

Kuehne Nagel Purchases 3PL Provider ReTrans

Credit: Kuehne and Nagel Group

Memphis, Tenn.-based third party logistics provider ReTrans Inc. is being purchased by the Kuehne Nagel Group, the latest in a series of moves by companies extending their reach into trans-Atlantic freight.

Tags: Intermodal, Mergers & Acquisitions, 3PL, Global

February 6, 2015 - Industry News

Echo Global Logistics Makes Purchase, Increases Profit Almost 70%

Echo Global Logistics Makes Purchase, Increases Profit Almost 70%

Tags: 3PL, Mergers & Acquisitions, Echo Global Logistics

February 4, 2015 - Industry News

C.H. Robinson Worldwide Profit Increases 21.5%

The third party logistics provider C.H. Robinson Worldwide Inc. reported on Tuesday a 21.5% increase in net income for the final quarter of last year while it improved 8.1% for all of 2014.

Tags: 3PL, Earnings, C.H. Robinson

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