ORLANDO -- RedStone Logistics, a third-party logistics company specializing in logistics management services, announced the public launch of a wholly owned subsidiary, Logistics Resource Group.
According to the company, LRG is a first-of-its-kind service firm designed to deliver back-end logistics support to asset-based carriers, without disrupting the carriers’ existing customer relationships.
According to a study from supply chain consultancy Armstrong and Associates, the total global third-party logistics gross revenue was $141.8 billion in 2012, up 99% over the past 10 years. This trend of growing revenue for 3PLs is a clear indication shippers are looking for broader solutions than what is typically offered by most carriers.
For a carrier to enter the 3PL market, their options become limited in order to maintain their current market share and yields: either acquire its own 3PL, or invest in the technology and talent necessary to start a new one. Both of these options require significant capital investments, with no guarantee of success.
Created by the same industry veterans who have built large third-party logistics companies over the past 30 years, LRG will provide each partner with comprehensive services support, training and tools that will allow the carrier’s sales team to remain in control of the sales process and the ongoing customer relationship.