A New York-based venture capital firm and European transport specialist are vying to acquire Schenker, the logistics unit of German national railway Deutsche Bahn, which could shake up the market for logistics services in the U.S.
AFS Logistics tapped Andy Dyer as its next CEO but made no mention of the departure of its former leader.
The Port of Los Angeles has named Erica M. Calhoun deputy executive director overseeing the city of Los Angeles Harbor Department’s Administrative Bureau.
The Supply Chain Council has extended its executive team and plans to be a national rather than “California-first” organization.
Radiant Logistics announced it won a five-year contract to be a prime contractor for the U.S. Agency for International Development.
While contract talks between Canadian National, Canadian Pacific Kansas City and union employees continue, a rail shutdown would reverberate through the supply chain connecting Canada and the U.S.
RyderVentures invested in AI system developer Terminal Industries last year; now the companies say they’re getting highly accurate check-in and monitoring with Terminal technology at one of Ryder’s warehouse yards in California.
Though most logistics companies are operating with reduced revenue and earnings, deals in the sector have not ground to a halt. One recent deal was significant enough that the Tenney Group, one of the leading transaction advisers for logistics deals, saw fit to publicize it, calling it a “thoughtful” transaction between two companies dealing primarily […]
BRW has been created through an acquisition as a combined brokerage and truckload and LTL carrier.
Dick’s Sporting Goods plans to build an 800,000-square-foot distribution hub in Texas to support the company’s growth in the region.
Inc. 5000’s list of fastest-growing private companies includes 166 transportation and logistics companies.
QXO, the latest venture by Brad Jacobs, has a strong opportunity in building products distribution, according to an Oppenheimer & Co. report.
Trimble’s Transporeon report identifies key developments impacting the future of truckload transportation in North America, including concerns about freight fraud.
GXO Logistics’ second-quarter revenue surged 19% year over year to $2.8 billion.
RXO did not see significant improvement in its key financials, but it highlighted where things were better.
3PL RXO saw its revenue decline in the second quarter, but gross margin was higher.
EBITDA at Uber Freight remained negative in the second quarter, and revenue continued to fall.
Expeditors International saw an increase in its airfreight business in the second quarter and a downturn on the ocean.
A proposed shift in how tax revenue generated by freight movements is allocated among states has hit a dead end.
Freight-related companies in California, Georgia, Illinois, New York and Texas are laying off a total of 1,234 employees.
Wall Street wasn’t happy with the revenue forecast for Amazon’s third quarter.
Temperature-controlled real estate investment trust Lineage Inc. announced it will give $100 million in equity awards to its workforce.
Dave Bozeman, one year into the job as CEO of C.H. Robinson, cites a new operating model as the company’s earnings surprise to the upside.
C.H. Robinson’s earnings look solidly positive, and the stock market reacted that way.
Freight broker Landstar System shared some signs of market stabilization with analysts on a Tuesday call but said it’s still too soon to say the market has turned.
Broker Landstar System beat second-quarter estimates Tuesday as the period ended a two-year streak of sequential revenue declines.
C.H. Robinson has made its first acquisition or divestiture since Dave Bozeman took over, selling its European brokerage operations.
Supply chain logistics company Stord purchased the fulfillment services operation of Pitney Bowes’ e-commerce division on Friday.
Returns continue to increase, which can end up costing companies. Processes can be put in place to help bottom lines, and it’s all related to transportation.
Ryder’s earnings report for the second quarter showed some sluggishness, but company executives see a bottom.
The logistics needed to pull off the Olympic Games is always a massive undertaking. The 2024 Paris Games are even more intense. This is what it takes to pull it all off.
Cold storage real estate investment trust Lineage Inc. announced that its initial public offering priced near the high end of the range and will include at least 10 million more shares than expected.
The Supply Chain Council heralded its beginning with an outdoor briefing near the Port of New York/New Jersey.
California’s latest environmental logistics rule focuses on forklifts, but clean technology there has been growing already.
Brad Jacobs’ QXO is ready to begin acquisitions with a war chest of $5 billion in hand after two big deals.
Fastmore Logistics highlights its proven track record of picking the right carrier and using technology, people and processes to deliver service and security.
FedEx Corp. on Thursday opened its first European Life Science Center, with capabilities to receive, store, kit, pick, pack and ship health care products.
Logistics real estate landlord Prologis noted “subdued” but “improving” demand in its second-quarter report issued Wednesday.
Real estate investment trust Lineage announced the pricing of its initial public offering on Tuesday.
The brokerage industry, this time TQL, has won another court victory, shielding it from liability stemming from a carrier it hired.
Ryder System said Monday it will acquire mobile maintenance and repair services provider Pit Stop Fleet Service.
Transfix, which was a digital brokerage up until just a few weeks ago, is offering its first software solution to the market.
Garth Brooks’ continual stadium tours are impressive logistical feats but also represent the actual workings of supply chain and logistics.
Strategic cargo theft from organized crime rings wreaked havoc on brokers and carriers in the first quarter of 2024.
The June Logistics Managers’ Index captures no growth in transportation capacity for the first time since March 2022.
Widespread inflation, growing interest rates and a tight labor market will keep freight service demand low, with excess capacity and low freight rates for the rest of the year. Here’s what to do.
Temperature-controlled facility operator Lineage plans a public listing on the Nasdaq.
Supply chain executives at companies ranging from freight brokerages to factoring companies discussed impacts of the freight cycle, technology and lower margins during Freightwaves’ Future of Supply Chain event in Atlanta. Here’s what you need to know.
At the 14th Annual Bike Tour with MTS for Autism, attendees got to hear firsthand from students who have benefited from the funds raised in past years.
The UEFA European Championship 2024 is currently underway and takes place across 10 stadiums in Germany, requiring serious supply chain and logistics efforts.
Logistics costs for U.S. businesses were lower in 2023, but prices remain higher than they were before the pandemic, much like the situation with consumer price inflation.
C.H. Robinson has joined the TriumphPay Network, a freight payments platform connecting brokers, shippers and carriers.
Nick Patrick, CEO of Radar, discusses how 3PLs and carriers can improve fleet management and consolidate vendors of software and devices for route optimization, driver tracking and location spoofing detection.
One of the leaders in adopting generative AI at C.H. Robinson used a variety of analogies to describe its capabilities.
Transfix is selling its brokerage business to supply chain services provider NFI.
Barbara Spector Yeninas died on Friday at the age of 84. She was an industry trailblazer for women, founding BSY Associates, a maritime, supply chain and logistics marketing communications company.
Broker FLS Transportation announced it has acquired Anderson Transportation and Logistics, which brings flatbed brokerage expertise to the platform.
Radiant Logistics has acquired Cascade Transportation, a provider of time-critical domestic and international transportation services.
Supply chain managers indicated higher transportation pricing in May but also noted that capacity continues to grow.
Chad Crotty, vice president of sales and business development for DDC FPO, joined Jeremy Reymer on this week’s episode of Taking the Hire Road.
RXO,has had its debt rating cut by S&P Global.
C.H. Robinson has had its debt rating downgraded by S&P Global.
FGN Global Logistics offers a “control tower” logistics management concept to bulk liquid shippers of both flexitanks and ISO tanks, which lowers transport costs and simplifies liquid supply chain management.
Logistics real estate operator Prologis and Maersk subsidiary, Performance Team, launch a 96-truck electric charging station in Southern California.
Brock Johns, a leader in the world of transportation management systems, highlighted the need for “convergence” to increase supply chain efficiency.
Relocalize wants to eliminate middle-mile logistics and reduce emissions by replacing trucks with on-the-spot food supply and distribution microfactories.
At Manhattan Associates’ Momentum conference, a Google Cloud executive gave an overview of generative AI’s explosive growth in supply chains.
EBITDA losses at Uber Freight grew in the first quarter, but its president expressed strength in the company’s business model.
Radiant Logistics reported an in-line result for its recent fiscal quarter and said the market has moved off the cycle bottom.
While it is tempting to forgo tech upgrades during a downturn in an attempt to save money, this approach will leave brokers at an even greater disadvantage when the market inevitably turns.
A monthly supply chain survey shows a reversal in transportation metrics during April but points to improvement on the horizon.
The rapid introduction of new competitors and technology in freight is producing a rapid downward trend in brokerage gross margins. To remain competitive, cost visibility and controls are paramount.
TriumphPay’s network expansion provides a source of relief for the many logistics companies that have encountered recent frustrations and hurdles due to their inability to make payments in Mexico’s local currency.
With sequential numbers at C.H. Robinson showing solid improvement, the company’s heavily shorted stock soared in late trading.
International Roadcheck has two key areas of concern this year. Knowing how to prepare is crucial.
Amazon touts benefits of regional fulfillment and delivery model to help drive its first-quarter revenue to $143 billion.
Descartes MacroPoint FraudGuard evaluates billions of data points related to freight location and shipment status in order to flag potential freight fraud.
Competing against large freight brokerages is not easy, but persistence and specialization really do pay off.
Broker Landstar System’s first quarter showed the year-over-year declines are lessening while the trucking industry awaits an inflection to a prolonged freight recession.
Investors cheered Ryder’s earnings, which weren’t immune to the weakness in the trucking market.
Triumph Financial CEO Aaron Graft talked future opportunities as growth engine TriumphPay flipped to negative EBITDA in the first quarter.
Prologis modestly reeled in 2024 expectations on Wednesday as it believes the recent demand weakness is tied to near-term uncertainties.
Logistics warehouse landlord Prologis modestly lowered expectations for 2024 on Wednesday.
In an environment where theft is a growing issue, knowing what’s covered is crucial.
Over the past several years, the logistics industry has been propelled into the digital age by a powerful combination of consumer expectations, government regulations and technological innovations. Some companies have been eager to adopt these tools, while others remain skeptical about the benefits, effort — and risks — associated with new technologies. Despite the myriad […]
OGRE’s successful conversion of Brokerage and Transportation Sales to its technology and services platform increases logistics accuracy, speed and customer satisfaction.
A holistic visibility tool goes beyond simply providing data, instead creating a pathway for companies to identify and mitigate risks proactively.
Moody’s held its investment-grade debt rating of RXO, but its outlook was shifted to negative.
Onshore well services provider Enservco Corp. has entered an agreement to acquire Buckshot Trucking.
ArcBest announced a partnership with Nvidia in which it is swapping out 3D lidar sensors for an AI-based technology.
Texas-based vertical farm Eden Green Technology will grow, package and ship herbs from one of its two greenhouses in Cleburne.
Broker Landstar System has added two top sales positions following its CEO transition.
The two key ratings agencies expressed caution about the debt metrics on GXO’s acquisition of Wincanton. (Photo: GXO)
Supply chain software provider E2open, with Elliott Investment Management holding a big stake, has launched a “strategic review” on its future.
FreightWaves’ Mary O’Connell and Cargado CEO Matt Silver break down the changing role of 3PLs in U.S.-Mexico freight movements.
Echo Global Logistics CEO Doug Waggoner sees the potential for spot rates to rebound by the end of the year.
Motor carriers’ insurance rates show little sign of slowing down.
Over 570 layoffs hit freight-related companies in California, Illinois and Michigan, with firms citing market conditions and loss of customers as reasons for the job cuts.
Shippers can unlock 10-15% cost reduction via an analytical approach, handled entirely by a trusted partner
Flexport has launched the Convoy Platform, aiming to boost the logistics ecosystem for shippers, carriers and brokers.
