third-party logistics providers
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Air Cargo
3PLs prepare to catch Damco shippers jumping ship
A.P. Moller-Maersk’s recent announcement that Damco will no longer exist as a separate brand is expected to drive some shippers into the arms of others.
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Company earnings
Universal Logistics profits, revenue drop during second quarter
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.
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Insights
FreightWaves virtual 3PL Summit focus: efficiency and profitability
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…
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American Shipper
Freight forwarder reports 28% growth in spite of pandemic
International Freight forwarder Eternity México’s revenue rose 28% during the first quarter thanks to its digital freight tracking platform, officials said.
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News
Expeditors International expands digital offering in Fleet Logistics deal
Expeditors International sees digital platform acquisition as key to advancing its less-than-truckload shipping platform.
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Supply Chains
Commentary: How are freight professionals adjusting to COVID-19?
The world of transportation has changed due to COVID-19. Read about how shipping professionals are adapting to those changes.
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News
Expeditors International sees first quarter net income fall 12.5%
The Seattle-based global third-party logistics provider posted revenues of $1.9 billion during the first quarter, a 6% decrease year-over-year.
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News
Celadon’s closure an opportunity for other companies in turbulent times
Celadon Group’s (OTC: CGIP) shutdown comes after cross-border shipping had already lost several other full truckload (TL) carriers this year that provided Mexico service. Matt…
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Canada
Metro Supply Chain acquires last-mile provider Custom Delivery Solutions
Canadian third-party logistics provider purchases asset-based firms in Calgary specializing in large-format deliveries of consumer goods.
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Asia-Pacific
Canada’s largest public pension fund invests $115 million in Delhivery
Canada Pension Plan Investment Board secures board seat in deal with the Indian third-party logistics provider.
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