3PLs

MoLo reveals how its “service-always” operating philosophy is affecting financial performance.

“J.B. Hunt 360 is all about creating the most efficient transportation network in North America – which means matching the right shipment with the right truck at the right time,” said McGee.

Trident is converting spot opportunities to contracted business in the pandemic.

3PLs struggle to gain foothold in final mile, keeping them e-commerce outsiders.

On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million.

NAST margins narrowed, but volumes held up relatively well.

The digitalization of freight has logistics providers seeking automation and efficiency on a scale never before seen.

The CEOs of MoLo Solutions and Arrive Logistics discuss both the internal and external metrics that drive their businesses.

FreightWaves is hosting the 3PL Summit on July 21, a virtual event that will include technology demonstrations, hot debates and visionary speakers from across the 3PL spectrum.

Throughout the pandemic, Echo Global Logistics has remained busy moving goods and giving back to those in need as it contemplates a new normal.

The quoting process is fractured as some customers are served faster than others; Teknowlogi looks to get all parties up to speed.

Aerospace industry supplier wants to turn supply chain into a competitive advantage.

French 3PL FM Logistic reports strong organic growth in its recent fiscal year as European expansion progresses. The company didn’t issue annual guidance due to COVID-19 uncertainty.

The best time to build on your company’s offerings through acquisitions may actually be during a global disruption.

Investor Warburg Pincus said it supports a full investigation.

FMCSA’s Mullen scheduled to meet with White House officials, according to source.

Growth at Uber Freight took a pause in Q1 while the digital brokerage trimmed losses.

The coronavirus pandemic caught the world off guard, and it has ratcheted up the pressure on 3PLs and brokers to quickly adapt and employ new technologies.

Convoy built data-driven tools to be more fluid and responsive.

Fewer brokers and more engineers make operating costs less flexible, and we question the “take market share” mantra.

Third-party logistics providers engaged in international trade are facing the difficult decision of whether to thin staff or even close altogether in the face of a prolonged economic downturn caused by the coronavirus pandemic.

CEO Matt Pyatt said some industries served by Arrive are shipping less freight.

Forager is filling engineering and product positions in Chicago.

In partnership with Arrive Logistics… 3PLs are collaborating with their customers on business continuity plans.

Join this webinar, featuring Prasad Gollapalli, Founder and CEO of Trucker Tools and Tom Curee, Senior Vice President of Strategy and Innovation at Kingsgate Logistics, for insights into the secrets behind a successful, all-in-one, multi-party “lifestyle” app for drivers, the “here and now” promise of automated freight matching and booking, and keys to technology and operating strategies to succeed in today’s fast-changing brokerage market.

In partnership with Arrive Logistics… shippers should communicate with their partners and stay focused on long-term strategy.

Three months after its formation, Anthym Logistics sells to BlueGrace.

The saying “time is money” could never be more true than in the world of carriers and 3PLs. Join FreightWaves and Microdea for a one-hour webinar on Wednesday, March 18 at 2 pm ET. and learn how technology solutions are eliminating the “dead time” between delivering a load and billing.

The layoffs close a chapter of freight brokerage in Chattanooga.

Companies exposed to transportation, including 3PLs and freight tech startups, are adjusting to market realities.

Echo protected its margins and issued positive guidance for Q1 and 2020.

The majority of executives expect growth exceeding 10% and are actively pursuing deals.

New technology, capital, and business models have changed the competitive landscape.

Robinson aggressively cut prices to hold truckload volumes steady and grow LTL volumes.

Capacity is a proof of concept for smaller brokerages building out their own freight-matching platforms.

Christenson will focus on scaling UF Europe “at speed and responsibly.”

Market Expert Zach Strickland provides timely advice for shippers that need to choose either a carrier or a 3PL.

First, we hit you with some of the latest headlines. Heniff Transportation and Superior Bulk Logistics are set to merge. Ohio-based GDS Express abruptly ceases operations. Rising wrestling star, Matt […]

MODE Transportation announces that it has completed the acquisition of SunteckTTS.

Third-party transportation and logistics provider MODE Transportation has acquired SunteckTTS for an undisclosed amount. The combined entity is expected to generate $2 billion in annual revenue.

The world’s second-largest third-party logistics provider reports sea and land transport Q3 performance gains but confirms air freight market decline.

The move signals the shift from a tech startup to a mature logistics operation.

A trio of interviews from the recent ACT Research conference and a discussion with a leading thought leader on the third-party logistics (3PL) industry highlights this week’s edition of FreightWaves […]

Rates could break out either to the upside or downside.

SunteckTTS, a top 10 brokerage, is reportedly looking for a 10x EBITDA multiple.

DHL explains why it is important for shippers to work with a 3PL for their transportation needs.

Ray Martinez said truck users will benefit from better data from CSA scores to make carrier selections i

Lakefront Futures & Options will be marketing Trucking Freight Futures through its new Trucking Derivatives Group. Read the article and learn more about Trucking Freight Futures and Lakefront Futures & Options.

Armstrong & Associates has been calculating these Global Third-Party Logistics (3PL) Market estimates for over a decade.

Freight brokers report upward pressure on spot rates and still expect robust summer volumes.

Learn how existing and future technologies will continue the evolution of supply chains, transportation and warehousing.

To gain insight into the shifting landscape of freight brokerage, sometimes it’s best to follow the money, not the shiny new technology. The freight brokerage industry is undergoing a wave […]

Freight brokerage in the United States is mostly made up of small companies that have trouble scaling their businesses beyond certain revenue thresholds due to unstructured processes, under-utilization of technology, […]

Commentary As digital freight brokerage apps learn to concentrate on driving user engagement and building dynamic marketplaces that adapt to user behavior, they will start to resemble social media networks […]

Third-party logistics providers will see their growth dented by the threatened tariffs on Mexican imports. The question is by how much?

Simplicity is the key in managing increasingly complex final-mile operations. That and basic blocking and tackling

Customers’ heightened demands—such as white glove delivery and fast shipping times—have changed expectations for shippers dramatically. Many companies are struggling to figure out how to compete with large, successful companies […]

Eminent, founded in 2003, is made up of 37 consultants.

During the morning session at Transparency19 on May 6, Stifel investment banker John Larkin moderated a discussion about mergers and acquisitions between Renee Krug, CEO of GlobalTranz; Doug Waggoner, CEO […]

J.B. Hunt is transforming into a truly mode-agnostic capacity provider.

FreightWaves has also observed downward pressure on contract rates and the beginning of a capacity bleed-off.

Despite a crash in truckload spot prices (approximately 50% of ECHO revenue), the freight brokerage beat analyst expectations.

Wintrust’s working capital lines of credit leave brokerages with more control than equity raises and have lower cost-of-capital than factoring.

Better talent at a lower cost improves brokers’ cash flows.

Have a strategy that you believe in and don’t forget to price in volatility, Feig said.

Transfix is betting that its carriers care more about asset utilization than rate per mile.

GlobalTranz more than doubled EBITDA in less than a year.

Circle 8 is GlobalTranz’s ninth acquisition since January 2017.

Scott Hagen, the Corporate Controller, will be the interim CFO, and Robinson Fresh will be lumped in with ‘Other’ services in CHRW’s financial reporting.

The former CFO of Forward Air, CEO of Panther Expedited, and CFO of C.H. Robinson hits the open market.

The succession makes perfect sense and is a step in the right direction.

High-growth business models make sourcing talent even more difficult for freight brokerages.

Valuations will stay high and capital is readily accessible, bringing both sellers and buyers to market.

We checked in with executives from Edge Logistics, Avenger Logistics, and Convoy to see how brokers are handling YOY volume growth.

CHRW fills out geographical white space and adds density to its Transatlantic forwarding business after turning the corner on the Milgram & Co. integration.

Small brokerages are confident they can grow quickly in a softening freight environment and trend-line GDP growth.

Expeditors should do well in a softening ocean freight market and a Panalpina deal wouldn’t necessarily be a bad thing.

The boundary between spot and contract pricing is always shifting, especially when freight markets are volatile.

The audience in Atlanta was one of the most engaged and informed to date.

The largest Canadian freight brokerage purchased a 3PL concentrated in the Southeastern United States.

Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.

Today’s selloff on soft revenue growth guidance went too far, according to Stifel’s Bruce Chan and Susquehanna’s Bascome Majors.

In partnership with Arrive… high-tech freight brokerages are necessary links in the supply chain, but the key to their growth is how they select and coach their people.

The combined brokerage expects to do $200 million in revenue this year.

Capacity is as loose as ever, but some freight brokerages told us they don’t trust the market to stay cool.

Shippers aren’t shy about moving contract rates down in RFP negotiations, and even brokers are surprised at how cheap capacity has become.

Eric Kirchner, the former CEO of UTi Worldwide, will offer strategic advice as GlobalTranz expands into new geographies and types of transactions.

Sorting through emails, listening to endless phone calls: these are part of the information overload that the Smart Capacity platform seeks to address.

Asset-based carriers think contract rates are going up; brokers think they’re going down.

TriumphPay presented its product to a room of 1,000 transportation, technology and finance executives at MarktWaves18 in Dallas, Texas.

We spoke to brokers from Avenger, Axle, LYNC, Redwood, MoLo, and K & L about their hopes and fears for January freight.

Forager is building a digital freight marketplace to automate elements of cross-border logistics.

Andrew Silver, CEO of MoLo Solutions, looked back at 2018 and talked about the challenges and joys of running a high-growth brokerage, December freight markets, and and MoLo’s plan for 2019.

We spoke to GlobalTranz’s outgoing CEO Bob Farrell and new CEO Renee Krug about the transition in leadership and the marketplace for mergers and acquisitions in the 3PL space going forward into 2019.

We spoke to executives at Arrive Logistics and LYNC Logistics about the challenges in covering their customers’ exceptions and service failures in the lead-up to Christmas.

We spoke to executives from Trident, Avenger, Redwood, and Echo about the challenges and opportunities of the Memphis freight market, long dominated by asset-based carriers.

Russel Jones, CEO of Cargo Chief, demonstrates C4 platform at MarketWaves 18: automated load-matching technology that levels the playing field among freight brokerages.

Executives from Axle Logistics, Network Transport, Transfix, and Convoy weigh in on peak season 2018: higher volumes and less volatility than 2017 means that most brokers are sitting pretty.

Cowen expects softening trucking prices in 2019 to be a headwind for truckload carrier earnings, but should widen gross margins for freight brokerages.

On Tuesday afternoon, Arrive Logistics popped champagne as the freight brokerage officially opened its downtown Chattanooga office on Market Street. We spoke to Arrive executives about the company’s culture, growth story, and plans for Chattanooga.