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Georgia-based transportation company Bennett International has announced the creation of Boss Engineered Logistics, a non-asset based transportation logistics firm.
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Third-party transportation and logistics providers Sunteck Transport Group and TTS Holdings have merged to create a single $1 billion dollar company.
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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.
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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.
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Trucking and intermodal giant J.B. Hunt Transport Services reported its second quarter profit increased just slightly, falling short of Wall Street expectations.
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MacroPoint has announced an integration with transportation management system software provider 3PL Systems to help automate certain processes between shippers and brokers.
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Carrier Logistics will give carriers an alternative option for electronic data interchange feeds through a new integration with project44, the company has announced.
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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.
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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.
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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.
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