3PL

Avant Brands Inc (OTCQX: AVTBF) (TSX:AVNT)((FRA:1BUP) released its financial results for the second quarter ended May 31, 2023, revealing net revenue of net revenue of CA$8 million ($6 million), an increase of 96% compared to CA$4.1 million in Q2 fiscal 2022. Q2 Fiscal 2023 Financial Highlights...

The market for buying and selling third-party logistics providers and freight brokerages is red hot, according to Capstone Partners investment bankers Burke Smith and Nathan Feldman. Rates for all modes of transportation rose quickly over the past year, pushing up 3PLs' earnings power and making...

Advanced Handling Systems' (AHS) third-party logistics and e-commerce warehouse customers can now choose to deploy robotic solutions from Berkshire Grey for their facilities. AHS, which integrates fulfillment and distribution solutions and counts many Fortune 100, e-commerce, and 3PL companies...

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. Creating a workplace that is equally attractive to new recruits and seasoned employees...

Mullen Group has acquired Chicago-area 3PL QuadExpress for $40 million in a deal that gives one of Canada's largest trucking and logistics companies its first U.S.-based operation.   Mullen (TSX: MTL) bought QuadExpress from Wisconsin-based commercial printing company Quad (NYSE: QUAD). The 3PL...

The call for technological innovation across logistics is louder than ever. The transportation industry has been racing toward greater digitization and connectivity for the past several years, and the coronavirus pandemic has done nothing but accelerate the pace. Carriers and third-party...

Many third-party logistics providers (3PLs) will tell you freight takes serious hustle. Balancing the unique needs of each customer can be challenging for brokers as their network of carriers, suppliers and partners grows. Chasing after a wide variety of transactional freight — although...

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The U.S. food supply chain has become so efficient in recent years that grocery stores and their customers do not anticipate the sight of empty shelves. That image, however, was quickly shattered in the early weeks of the COVID-19 pandemic when grocers, large and small, could not receive certain...

Steve Moss is the general manager of DTS Logistics in Montana. He's heard the fierce criticism drivers are leveling against the 3PL industry as rates fall, with a great deal of blame being placed at the feet of the brokerage sector. Moss reached out to FreightWaves to spell out his case for why...

Indianapolis-based 3PL Fitzmark is acquiring Chattanooga, Tennessee-based Logistics Made Simple (LMS), FitzMark announced April 1. LMS is a flatbed-oriented 3PL. In an email to FreightWaves, Taylor Williams, a spokeswoman for Fitzmark, said the "majority of LMS business is open deck, while the...

Large numbers of dedicated freighters are descending on China to pick up face masks and other equipment being made in large quantities after the country was able to stop the spread of COVID-19 and reopen factories. No longer requiring as much equipment for its own use, China is churning out...

The Allan Lund Co. (ALC), a 3PL based in Southern California but with approximately 35 offices around the country, has acquired Des Moines Truck Brokers (DMTB), another company with a focus on moving foodstuffs. Eddie Lund, president of ALC, said while both companies are involved in moving various...

GlobalTranz continues its rapid expansion, announcing the acquisition of Cerasis on Thursday. It is the 11th acquisition for the fast-growing third-party logistics (3PL) and technology solutions company since January 2017. GlobalTranz CEO Renee Krug said that acquiring Cerasis will benefit the...