Amazon announced it has stitched together logistics services into a unified supply chain product for manufacturers and retailers to move and distribute heavy freight and parcels, which poses a potential threat to other freight management and transport companies.
Radiant Logistics reported better-than-expected results for its fiscal third quarter ended March 31.
Radiant Logistics beat expectations for the recent quarter and expects an uptick in gross profit during the last quarter of the year as it supports hurricane relief efforts.
Radiant Logistics announced its seventh acquisition in the past year on Wednesday, acquiring operating partner Focus Logistics.
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.
Amazon took a stake in struggling food delivery platform Grubhub that could be worth up to 13% if it attracts enough customers.
AOI Capital has acquired 3PL RK Logistics Group, which specializes in e-commerce warehouse and distribution.
Third-party logistics provider Radiant Logistics beat expectations for its second fiscal quarter. The company’s improved results and low-debt profile are allowing it to pursue acquisitions.
Supply chain-focused private equity firm Red Arts Capital acquires Canadian third-party logistics provider Radius Logistics.
Dachser promotes Burkhard Eling to CEO; GlobalTranz hires Bryan Foe as SVP; the Containerization & Intermodal Institute appoints Randy Bayles to its board; and Illinois Railroad Association taps Michelle Kelm as executive director.
Radiant Logistics uses cost savings to offset demand declines from COVID-19. The fiscal first quarter sees debt decline further as acquisitions remain on the table.
Cheng Cheng-Mount was appointed to the Taiwanese carrier’s board in 2018.
