Descartes Systems Group (NASDAQ: DSGX) has completed its acquisition of Management Systems Resources according to a Descartes press release.
Convoy CEO Dan Lewis said that digital brokerage margins would expand until most participants adopted low-cost structure, then start compressing.
Private equity has become the major player in financing the growth of transportation and logistics companies, and venture capital inflows have also accelerated dramatically.
Supply chains, not guitar strings.
The U.S. Postal Service has been turning in losses every year, and a White House task force has asked the USPS to look at franchising the mailbox to prop up the declining margins.
Sponsored by Redwood LogisticsRedwood Logistics announced its acquisition of Strive Logistics Monday, cementing Redwood’s place as a top-15 truck broker and an emerging multimodal logistics provider with over $1 billion in freight under management.
General Motors plans to go all-electric in the future but does not expect profits until early next decade; Amazon is all set to move into the last-mile delivery segment; Tesla and Mercedes-Benz might collaborate over electric van development.
Rail operator Aurizon has completed the sale of its Queensland Intermodal Business to privately owned Australian logistics company Linfox. The Queensland Intermodal Business delivers general cargo for more than 300 customers across the state and includes a wide variety of freight including groceries, white goods and general goods.
The Transportation Intermediaries Association (TIA) announced the appointment of three new vice presidents as part of its ongoing growth plans. With over 1,700 members, the association is the leading organization devoted to the North American third-party logistics (3PL) industry.
Indigo Agriculture has recently launched Indigo Transport, a digital logistics platform designed to connect shippers and carriers to more efficiently haul agricultural products.
Predictive supply chain visibility platform FourKites has tripled its revenue since its Series B financing last year, and plans to expand its team, add features to its platform, and fund its zero deadhead initiative with the $50 million it has raised in the fresh round of investment this year.
New building to support 1-hour deliveries into downtown area.
Saudi energy minister Khalid al-Falih announced on January 26 that the country is raising $426 billion in private sector investments, which will include roughly $36 billion for logistics infrastructure according to Reuters.
With the growing complexity of supply chains, the technology advantage that managed transportation providers can provide becomes a key value-add for many shippers.
Small, yet powerful satellites can now be deployed for just a fraction of the cost of more traditional satellites, potentially changing the way logistics companies access location and other data for assets.
Bringg is a delivery logistics startup that integrates with logistics players and also with brands, bringing them together on an open platform where they can leverage the network and serve their customers optimally.
In partnership with Reliance Partners …Winter has set in, making it hard for truckers to navigate the snowed-in and slippery roads. Marilena Acevedo from PetroChoice outlines measures that could be taken by the fleet leadership and drivers to stay safe during these times.
Sponsored by Redwood LogisticsWhile Redwood has moved freight in and out of the Southeast for quite some time, this acquisition provides the company with strong operational presence in the region. This geographical expansion is a key component of Redwood’s overall acquisition strategy.
A growing number of factories, warehouses, and construction sites are integrating unpowered exoskeleton devices into their operations. Workers and companies using these devices are expected to benefit from increased safety and productivity.
Airbus (AIR: EURONEXT) broke ground for its new A220 manufacturing facility in Mobile, Alabama on Wednesday. The newest airliner in Airbus’ product line, the A220 is designed to revolutionize the market for 100-150 seat aircraft.
