Shippers be nimble, shippers be quick – to survive
When the market shifts, flexibility is the key to acting fast and capitalizing on new opportunities. Despite this, many processes in the industry can be quite rigid.
When the market shifts, flexibility is the key to acting fast and capitalizing on new opportunities. Despite this, many processes in the industry can be quite rigid.
Tri-State Expedited announced it has been acquired by its senior management team.
The logistics arm of Cheema Freightlines announced it has acquired 3PL provider Walker Logistics.
Third-party logistics provider Unique Logistics filed for a public offering, which is expected to raise at least $35.5 million in net proceeds.
Transportation capacity continues to contract at a record pace with rates climbing to historical levels, according to the September Logistics Managers’ Index.
Pent-up demand is making its way to the surface in 2021; this year has seen an explosion in M&A activity due to the large amount of money available from strategics, private equity and venture capitalists.
ArcBest’s acquisition of truckload broker MoLo Solutions accompanies an announcement of strong third-quarter results for its LTL segment.
ArcBest announced after the close Wednesday it has entered into an agreement to acquire Chicago-based truckload broker MoLo.
Companies spend more than 10,000 man hours rating invoices every year. Dynamic rating solutions can change that.
Temperature-controlled warehouse operator RLS Logistics adds another regional partner as it builds out a national footprint.
Industrial warehouse operator Prologis Inc. said Thursday it was expanding a training program aimed at bringing 25,000 new workers to the logistics industry.
M&A in third-party logistics continues at a high rate. PLS Logistics Services announced it has acquired freight broker D&L Transport.
A perfect storm of factors has led to a historically strained market in the wake of the ongoing coronavirus pandemic. Shippers looking forward to market equilibrium should expect to continue waiting well into early 2022.
Small carriers are opting to bring only a power unit to a brokered transaction.
Capstone Partners explains why brokerages are so expensive.
The research firm of Evercore ISI launched coverage of the 3PL sector with an enormous report.
Private equity takeout allows Echo Global Logistics’ equity value to rise to that of its peers. Management believes its new affiliation with deeper pockets opens up bigger M&A opportunities.
Radiant Logistics announced it closed its fiscal year in record fashion on Thursday. The company will repurchase shares and pursue acquisitions as a means of boosting valuation.
Reducing risk from natural disasters, disease and terrorism is an important goal, but doing so shouldn’t paralyze economic activity.
The supply chain continues to be stretched as the peak shipping season bears down. Capacity declines further while rates soar, according to an August survey.
A group of former Knight-Swift logistics leaders is building something new in Arizona.
Truck driving in Hawaii might sound like paradise. Locals say they face a range of challenges unique to island living.
Most often, hesitation surrounding autonomous vehicles centers on cost and safety concerns. Locomation set out to address these pain points with a phased approach.
Trucking and logistics firms are owed hundreds of thousands of dollars after a Nevada-based bottled water company — linked to a hepatitis outbreak — filed Chapter 7.
The increased efficiency shippers find when using digital RFP tools will allow them to both build out their carrier networks and increase the frequency of their RFPs, giving them the power to respond to market shifts earlier.
Transplace’s new bookings are said to be a key reason for the improvement in its financial outlook.
Most compromised shipments result in lost time and money. Some result in lost lives.
The $124M Global Transportation & Industrial Park of Oklahoma is a public-private development expected to spur jobs and economic development in southern Oklahoma.
Companies in the industry have come to expect better visibility from their partners. Just as importantly, end consumers have started expecting real-time visibility on online orders.
Hurricane Ida is about to hit. Emergency relief will not be far behind. Read tips about trucking into a hurricane relief effort.
Hiring for virtually all roles in the logistics space is fiercely competitive. While all eyes are on the infamous driver shortage, recruiting and retaining top-notch brokerage employees is no easy task either.
Parts shortages are beginning to let up, pointing to a looming surge in vehicle production. Still, the market is expected to remain strained for the foreseeable future.
The outlook for the pandemic hurt the company’s review last year, but Moody’s has a more positive view in 2021.
Canada’s Titanium Transportation Group continues its asset-light push into the U.S. freight market with a new brokerage office in Denver, its fourth in the country.
Truck broker Landstar System points to better-than-expected truck volumes and yield trends in the third quarter as reasons to raise its outlook.
A return to typical consumer spending drives conventional freight market conditions but the process of returning to normal has been anything but conventional.
Titanium Transportation Group plans to add two more U.S. freight brokerage offices this year after the Canadian firm reported record second-quarter revenue.
The chain that brings us Hardee’s and Carl’s Jr. faced several challenges
Perishable Shipping Solutions CEO Mark Nelson said online demand for specialty perishables never leveled off from the start of the pandemic, and the growth has barely scratched the surface.
Trucking, logistics and airfreight companies are collectively owed hundreds of thousands of dollars after a Texas freight forwarder filed Chapter 11 bankruptcy earlier this week.
The key to strong relationships can be augmented by finding companies that are willing to share in the inherent risks that come with moving inbound and outbound freight. Relationships and good risk management strategy do not exist to absolve one party of responsibility, shifting blame onto the other.
Also on this week’s podcast: A shoutout to fuel surcharges.
Vietnam is the newest epicenter for supply chain chaos. Manufacturing and port activity have been cut by new COVID precautions.
The $2.25 billion deal is a “game-changer” and a “monster deal,” according to FreightWaves experts.
Freight broker Landstar System sees continued strength in consumer spending push freight demand higher during the second quarter. The company posted its best quarterly results ever Wednesday after the market close.
Is this the start of more union representation at XPO or just a head fake?
Kuehne + Nagel is one of the largest third-party logistics providers in the world and it got larger in the second quarter.
“The Transfix team is extremely talented, but there’s a quality to the culture that’s got gumption,” said newly appointed CCO Sophie Dabbs.
Warehouse space is more expensive than ever. In an environment where everyone is scrambling to claim their share of this finite resource, maybe the best strategy is not to use warehouse space at all.
Companies will demand a full, scalable suite of services from their partners over the next few years, leading to widespread consolidation and the emergence of a handful of clear leaders with considerable market share.
The main purpose of these agreements is preparation. Companies can revisit and revise an SLA that they find no longer serves them. If trouble comes when there is no SLA in place, however, resolving conflict can become difficult.
Labor talks with grocery chains Safeway and Fred Meyer went in different directions Thursday. Fred Meyer stores could soon see empty shelves.
The instability of a global pandemic made it clear that up-to-date technology is required to survive, not just thrive.
“We have to compete in a marketplace where my competitors don’t even have to be profitable.”
Pay is rising under the two-year deal but union officials stress the formalization of procedures as the big win.
U.S. Customs and Border Protection discovered several hundred grams of methamphetamine hidden inside peanuts at an express consignment hub in Memphis, Tennessee.
More than 158 unsecured creditors, including trucking, logistics and towing companies, are collectively owed hundreds of thousands of dollars after New Jersey freight forwarder Advectus Transportation Services abruptly ceased operations and filed Chapter 7.
As the push for a more sustainable planet continues to grow stronger, companies across the supply chain will be expected to have a clear plan for cleaning up their operations.
Companies want transparency from their partners, and end consumers want to know exactly when their packages are going to arrive.
All State Association CEO Steve Avetyan claims his business platform is very different from the double-brokering scheme that landed three relatives in prison.
To tackle this bull market, ITF is adding automation to distribution and fulfillment, adding visibility to customer inventory.
What does a chief product officer at a trucking sector company do given that the title is usually seen at software firms?
One of Canada’s largest trucking and logistics firms, Mullen Group, is entering the U.S. market with a $40 million acquisition of Chicago-area freight brokerage QuadExpress from commercial printing company Quad.
Third-party logistics provider FitzMark announced its fifth acquisition, this time picking up the brokerage operations of truckload carriers Riverside Transport and Transco Lines.
Carriers of all shapes and sizes embraced technology with fervency in the face of COVID-19. In turn, technology providers have placed renewed emphasis on convenience and efficiency.
Picking up the phone before partnering up can help identify ill-suited broker-shipper relationships and avoid costly mistakes.
XPO Logistics announced a 5 million-share equity offering on Monday. Half of the stock would be a new issuance from the company with the other half being sold by an affiliate of Brad Jacobs, XPO’s chairman and CEO.
Seeking collaboration over individualism is vital. In a world — and an industry — that grows more connected by the minute, it is impossible to do anything in a vacuum.
Double brokering has been around since shippers started relying on brokerages to find trucks to haul their freight. However, double brokering is fraught with risk and becomes illegal when a shipper specifies that its loads are not to be re-brokered.
The company plans to build on UNF’s transportation and logistics program with real-life experiences, Crowley’s CEO says.
Navigating the logistics of time-sensitive, specialized renewable energy projects is no walk in the park when capacity constraints and port congestion are at play.
E-commerce fulfillment provider Transportation and Logistics Systems has reached an agreement to acquire SalSon Logistics for $90 million. However, the deal doesn’t yet have financing in place.
The CEO of several transportation companies linked to an alleged sophisticated double-brokering ring in Southern California claims he’s being unfairly targeted by competitors.
In an attempt to be a “shipper of choice” companies generally focus on creating carrier-friendly spaces and policies. Shippers hoping to set themselves apart should shift their focus toward innovating from within first.
There’s fintech and FreightTech. PayCargo plays in both spheres and is well supported by investors.
U.S. Xpress sees brokerage platform Xpress Technologies as a big part of the company’s digital overhaul.
A Prologis Research report says new logistics real estate completions coming online will fall short of demand over the next decade.
Tankers painted with coffee mugs do not haul coffee, and other alarming discoveries.
XPO Logistics provided updated expectations for the second quarter and issued 2022 guidance for soon-to-be stand-alone logistics company GXO.
The new company already has 10 clients, as it takes the HubTran platform and steers it toward a market that is similar but with key differences.
During market shifts, it can be difficult for shippers to decide which modes, providers and contract/rate types will serve their business best.
Carbon-neutral construction, renewable energy installation and worker- and community-based programs are among Prologis’ sustainability initiatives.
The president of the Arkansas Trucking Association estimates $2.4 million a day in trucking industry losses due to the I-40 Mississippi bridge closure.
Truck broker Landstar System raises its second-quarter guidance as shipments and pricing outpace its initial outlook.
The pattern of mid- to high-single-digit raw materials price increases continues.
Knight-Swift announced Tuesday the acquisition of third-party logistics provider UTXL in a $22.5 million transaction.
Illinois trucking company B & B Logistics Inc., cited several times for hours-of-service violations, shuttered operations and filed Chapter 7 bankruptcy in mid-May.
For many companies, sourcing talent and growing their IT teams to meet new demands is both time consuming and cost prohibitive.
Regulations coming out of SCQAMD are usually for stationary sources of pollution, but the rules on trucks are an expansion of its authority.
Logistics company Blume Global announced Monday it is carbon neutral. CEO Pervinder Johar tells FreightWaves how the company got there.
Logistics professionals can’t predict the future, but they can assess the likelihood of specific problems emerging during an inner-city construction project.
Schneider Logistics SVP and General Manager Erin Van Zeeland chats with TriumphPay VP of Sales and Marketing Haley Evans about the top challenges facing logistics companies and what they can do to overcome them.
Redwood Logistics CEO Mark Yeager talks about emerging technology and the potential of Logistics Platform as a Service (LPaaS).
Companies that resist technological innovation or refuse to audit their current systems at this point may be risking more than just favorable rates; they may be risking the viability of their business.
Freight shipments continue to break records with little signs of slowing. The year-over-year comparisons get tougher in the back half of 2021 but the current supply-demand dynamics may not change all that much.
“This fracture had the potential of becoming a catastrophic event,” ARDOT Director Lorie Tudor said about a crack found in the I-40 bridge linking Arkansas and Tennessee.
“This is by far the biggest event that we have ever had to deal with,” UPS’ Dan Gagnon said about COVID.
ACERTUS will connect DrivrzXchange users to a network of preapproved, vetted carriers representing 20,000 tractor-trailers.
Frustrated with load-board scammers, one broker is warning others to do their due diligence as the list of suspect companies has grown to nearly 500.
Canadian trucking and logistics firm Titanium Transportation Group reported record first-quarter revenue as its U.S. brokerage business and newly expanded trucking fleet fired up the growth engine.