Top 50 Third Party Logistics (3PLs) Providers 2024: Not out of the ...
Jun 1, 2024 · Last year proved to be challenging for third-party logistics (3PLs) providers. Transportation rates plummeted, fuel prices skyrocketed, retaining and attracting talent became difficult, warehouse space tightened, rules and regulations increased, competition surged, and the supply chain faced frequent disruptions.
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A potential East and Gulf Coasts’ port labor strike has been averted, with the International Longshoremen’s Association (ILA), the largest union of maritime workers in North America, and the United States Maritime Alliance (USMX), an alliance of container carriers, direct employers, and port associations serving United States-based East and Gulf Coasts , having come to terms on a tentative ...
The Logistics and Supply Chain News that Shaped 2024
In an annual tradition, LM group news editor Jeff Berman has conducted a thorough review of the expansive number of logistics- and supply chain-related news articles reported, written, and posted by the Logistics Management editorial staff over the course of the calendar year in order to create this list of the top news articles over that period. This …
TFI International buys UPS Freight for $800 million, rebranding as ...
Jan 25, 2021 · UPS is selling its UPS Freight less-than-truckload (LTL) unit to TFI International Inc., a Canadian holding company that is parent to truckload giant CFI and other transport entities, for $800 million, subject to working capital and other adjustments. The company will rebrand as “TForce Freight” under Canadian ownership. The sale of UPS’s LTL and dedicated truckload units shakes up the ...
Warehouse Operations Trends 2024 - Logistics Management
Dec 12, 2024 · The annual Warehouse Operations Trends Survey highlights the growing challenges of meeting speed and accuracy demands in warehouse operations amidst labor shortages and rising expectations driven by e-commerce and omni-channel pressures.
Top 25 Freight Forwarders: Top forwarders continue to sail …
As if 2021 wasn’t bad enough, 2022 is presenting additional layers of disruption to global freight markets with further COVID-related lockdowns, especially in China; Russia’s invasion of Ukraine; exceptionally strong increases in energy prices; heightened competition for talent; and inflation and recession worries that are hitting multiple geographies and supply chains at different ...
Prospero Capital acquires majority stake in Roadrunner, enhancing ...
Nov 26, 2024 · The majority interest of Roadrunner, a national less-than-truckload (LTL) services provider focused on long-haul metro-to-metro shipping, was acquired by Prospero Capital from affiliates controlled by Elliott Investment Management L.P., Roadrunner said.
News and Resources - Logistics Management
Latest Logistics Management News. As the days of slow, invisible supply chains that “worked behind the scenes” continue to fade in the rearview mirror, companies are improving their demand forecasting, gaining real-time visibility across their networks and streamlining their operations—and its software that makes that all possible.
Top 50 Trucking Companies 2024: Accept the challenge and adapt
Apr 1, 2024 · Knight-Swift continues march into LTL market. Knight-Swift Transportation, already the largest truckload carrier in the U.S. with more than $4.5 billion in revenue, is poised to make a huge splash in the less-than-truckload (LTL) market as well.
Worldwide Express, GlobalTranz, and Unishippers band together …
Oct 2, 2023 · A trio of well-known logistics services providers—Dallas-based privately held freight brokerage and authorized UPS reseller Worldwide Express, Phoenix-based GlobalTranz, a full-service 3PL focused on freight brokerage and technology, and Dallas-based Unishippers, the second-largest privately held freight brokerage in the country—announced today they are collaborating on what they called a ...