Logistics/Supply Chains

Freight forwarder and logistics provider Seko Logistics announced it has entered an agreement to recapitalize.

Paxafe’s Ilya Preston discussed reducing food waste, cutting emissions and more during the keynote discussion at FreightWaves’ Net Zero Carbon Summit on Wednesday.

With the holiday season approaching, the Transportation Intermediaries Association has called for an urgent resolution to the labor dispute between International Longshoremen’s Association workers and their employers at the East and Gulf Coast ports.

UPS said Tuesday it was buying two Germany-based cold chain logistics operators to add to its sprawling health care logistics footprint.

FedEx Corp. announced a strategic alliance with Nimble Robotics on Thursday to scale FedEx Fulfillment with Nimble’s fully autonomous 3PL model.

Are you a marketing mastermind ready to showcase your skills and win big? The inaugural Marketing and Media Summit at F3: Future of Freight Festival is offering a chance to do just that.

The increasing frequency and intensity of extreme weather events underscore the need for supply chain resilience and adaptability.

QXO, the latest venture by Brad Jacobs, has a strong opportunity in building products distribution, according to an Oppenheimer & Co. report.

Trimble’s Transporeon report identifies key developments impacting the future of truckload transportation in North America, including concerns about freight fraud.

Korber Supply Chain Software announced Tuesday it is acquiring MercuryGate International Inc., a TMS provider.

Barbara Spector Yeninas died on Friday at the age of 84. She was an industry trailblazer for women, founding BSY Associates, a maritime, supply chain and logistics marketing communications company.

FreightWaves SONAR and Cass Information Systems announced on Tuesday a channel and integration partnership on supply chain intelligence.

FGN Global Logistics offers a “control tower” logistics management concept to bulk liquid shippers of both flexitanks and ISO tanks, which lowers transport costs and simplifies liquid supply chain management.

The third annual FreightWaves Future of Supply Chain conference will be held at the Georgia International Convention Center in Atlanta June 4-5.

President Joe Biden said he’s not waiting on foreign ship companies before getting the Port of Baltimore up and running.

The end of 2023 saw a surge in cargo thefts with thieves targeting food and beverage freight, along with electronics and household goods.

Texas-based vertical farm Eden Green Technology will grow, package and ship herbs from one of its two greenhouses in Cleburne.

Nearshoring growth paired with lack of cross-border visibility is creating new challenges for cross-border logistics providers. Nuvocargo combines technology and expertise to overcome hurdles common to traditional big-box brokerages.

The two key ratings agencies expressed caution about the debt metrics on GXO’s acquisition of Wincanton. (Photo: GXO)

Logistics companies are starting again to look for acquisitions that can help them better compete across modes, services and geographies.

FreightWaves’ Mary O’Connell and Cargado CEO Matt Silver break down the changing role of 3PLs in U.S.-Mexico freight movements.

The board of UK logistics firm Wincanton has unanimously recommended GXO’s $965 million buyout offer.

GXO’s offer to buy U.K. logistics firm Wincanton bests Ceva Logistics’ bid by 26%.

A new DHL facility in Norfolk, Virginia, will serve eastern Virginia and coastal North Carolina.

Quiet and zero tailpipe emissions battery-electric trucks are gaining popularity across the industry for parts shipment to assembly plants.

Reaction to RXO’s fourth-quarter earnings has been decidedly negative, and the first quarter started off weak.

TFI International’s EPS in 2024 will be at least $7 a share, CEO Alain Bédard says

C.H. Robinson’s newly unveiled touchless appointments will automate manual scheduling tasks.

AIT’s acquisition of Lubbers Logistics Group adds 18 European offices to AIT’s 130-location global network.

CtrlChain, formerly ChainCargo, unveils a mission-focused rebrand in order to drive sustainability through digitalization and industry collaboration.

Third-party logistics provider Kenco Logistic Services has announced it will close its Indianapolis facility and lay off 110 workers.

Network for perishables e-commerce D2C segment to open in 4 states

Supply chain software providers Manhattan Associates, Blue Yonder and AWS Supply Chain used the National Retail Federation’s annual meeting to tout new offerings and discuss recent challenges.

At the big National Retail Federation meeting in New York, a daylong discussion on supply chains looked back on the craziness and ahead to a bold future.

Florida International University College of Business’s Dr. Patrucco teaches novel approaches to buyer-supplier relationships.

New CEO must reverse long-term stagnation in shareholder value.

C.H. Robinson’s newly created office to support its strategic initiatives is a key step in CEO Dave Bozeman’s plan to revive the struggling brokerage giant.

C.H. Robinson President and CEO David Bozeman says he’s surprised that so much truck capacity remains this late in the cycle.

Florida International University College of Business’ Michael White brings his executive wisdom to the classroom.

Multimodal freight office leader Allison Camden has high expectations now that freight “has a seat at the table.”

The sophistication of the world’s cybercriminals keeps improving and trucking companies need to invest, according to NMFTA’s Antwan Banks.

The year 2020 marked a significant turning point for many businesses in the U.S. and throughout North America.

Florida International University College of Business’s Dr. Maloney argues for a holistic, but not purely academic, understanding of supply chains.

The number of in-store and online shoppers set records over the five-day Thanksgiving cycle, according to the National Retail Federation.

Here are a few compelling reasons why retailers should make supply chain visibility a top priority, especially during the holiday peak season.

The Biden administration has announced a huge plan to tackle issues plaguing the U.S. supply chain that covers several cross-government partnerships.

Led by Dr. Gregory Maloney, the Florida International University program’s blend of technical logistics skills with essential business acumen is setting new standards in the field.

A GXO location in Groveport, Ohio, outside Columbus, will shutter on Jan. 15.

While bankruptcies and layoffs have abounded in the logistics industry in 2023, there has been much more to the year than meets the eye.

Carter Andrus has been named COO at Prologis, effective Jan. 1. Current COO Gary Anderson will become senior adviser and retire on June 30.

Leland Miller, CEO of China Beige Book, spoke with FreightWaves CEO Craig Fuller about ongoing supply chain issues, geopolitical tensions and financial risks in China at F3: Future of Freight Festival on Wednesday.

A weaker-than-expected peak period leads GXO to cut its organic revenue growth guidance.

Revenue and earnings fell sharply at DHL’s Express and Global Forwarding units.

FreightWaves is hosting its biggest event yet, F3: Future of Freight Festival, Nov. 7-9, packed with world-renowned speakers, educational sessions, music and more.

Shared warehousing, distribution and fulfillment services are making it possible for companies to adapt to fluctuations in demand, providing the same functional benefits of an owned warehouse, distribution or fulfillment center without the upfront investment and risk.

FreightWaves’ F3: Future of Freight Festival is next week. Here are some of the companies that will be coming.

XPO Executive Chairman Brad Jacobs is the featured keynote speaker for this year’s F3: Future of Freight Festival, hosted by FreightWaves, in Chattanooga, Tennessee.

Echo Global Logistics leverages a variety of intelligence capabilities to provide shippers and carriers with solutions that meet them where they are in their technology adoption journeys.

Shippers and logistics service providers want and need to proactively manage their customers’ shipments, ensuring they keep cadence in line with delivery expectations. When something goes wrong in transit, this demands quick, timely notification from carriers so they can proactively reset expectations or enact contingency plans.

UPS’ third-quarter results reflect struggles with macro weakness, volume diversions and higher labor costs.

Freight broker and carrier agents at PFQ Companies — carriers Pioneer Transport, Falcon Transport, Quaker Transport and brokerage Quaker Transportation — are thriving, having built businesses able to withstand market highs and lows.

DHL Supply Chain’s North America chief says warehouse labor markets have stabilized.

Ryder System Inc. is acquiring contract manufacturing and packing company Impact Fulfillment Services in a deal involving operations in 15 states.

The impacts of double brokering are felt by carriers and brokers alike, disrupting operations and causing financial and liability risks for everyone involved.

Omnichannel fulfillment provider Stord’s new service is designed to make delivery to retail DCs more affordable for smaller merchants.

Averitt is well positioned to be a shipper’s comprehensive transportation and logistics solutions provider with a gamut of services including port drayage, distribution and fulfillment, truckload, LTL, cross-border and nearshoring logistics, and final-mile transport.

A Walmart facility in California will expand its next- and two-day delivery capabilities.

Israel’s agriculture ministry and Israel Defense Forces have developed a dedicated distribution channel to move foodstuffs northward.

Supply chain software provider e2open has parted ways with its CEO while the CCO has laid out problems with its sales operations.

Uber Freight Exchange is designed to unlock operational efficiencies and compress the time it takes to procure, eliminating the back-and-forth of traditional mini-bids by bringing the process onto one single tool.

Lineage Logistics has acquired eight Burris Logistics cold storage and e-commerce fulfillment facilities in six states.

A new report from the Anderson Economic Group says the UAW strike against the Detroit Three resulted in $3.95 billion in losses in the first two weeks.

International 3PL Iron Mountain can help organizations set up a distribution or fulfillment function in a new market in just 30 to 60 days.

Supply chains are one crisis away from seizing up again, say the CEOs of Prologis and Home Depot.

Free shipping remains a make-or-break deal for many online orders, a Ryder survey finds.

Logistics and supply chain experts are warning that an extended United Auto Workers strike could have major impacts on the trucking industry.

GXO has expanded into high-end verticals with its acquisition of PFSweb.

Supply Chain by Amazon is a full-service operation for all retail channels.

Flexport CEO Ryan Petersen says he has returned to rescue the company after Dave Clark wore out his welcome.

The NRF has bought a leading trade group to expand its sustainability solutions for members.

Reported incidents of cargo theft are well above historical norms, CargoNet reports.

Supply chains are in good shape, and Hurricane Idalia mostly spared key supply nodes, according to the executive director of the American Logistics Aid Network. 

The scarred areas of Maui remain an active incident area, ALAN’s Kathy Fulton says.

The latest FreightWaves SONAR release gives users the ability to customize outputs based on rate per mile versus flat rates and to quickly retrieve 90-day moving averages for contract rates.

“We’re constantly in touch with customers to make sure services and standards are met,” said Sam Burkhan, CEO and co-founder of ITF Group.

Shippers are exploring new technologies to mitigate rising costs and hit sustainability goals, but to maximize results they need to have a rock-solid foundation of data and a streamlined dimensioning process.

It’s important to have access to full end-to-end visibility across all parts of the supply chain.

Spam is making donations to those in need after the fires in Maui, Hawaii, building on its more than 75-year close relationship with the state.

Since the closure of the third-largest LTL carrier, Averitt Express has seen an influx of 2,000 daily shipments — and hasn’t missed a beat.

Walmart posted revenue gains of 5.7% in its fiscal 2024 second quarter, paced by a 6.4% gain in U.S. same-store sales.

Lean Solutions Group’s workforce analytics services let an organization know if what it is doing is driving a better experience and greater efficiency for improved customer relationships and lower costs.

Ditat is planning to roll out its new user interface, which will improve the overall appearance of its TMS, making it more mobile-friendly.

More than 200 transportation and logistics companies have made the 2023 Inc. 5000 list of the fastest-growing privately held firms in the U.S.

“I believe what we basically had in the supply chain was a reset, an unfortunate reset, due to the overstocking. I think, in all areas, we’re kind of close to the end of that,” said John Vaccaro, PalletTrader CEO and founder.

UPS’ full-year guidance change reflects the volume and cost impact from labor negotiations with the Teamsters.

“…at FreightVerify, it is a distinct honor to play a role in the industry’s transformation,” said FreightVerify’s Greg Nelson.

By Bart De Muynck The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. Change is all around […]

GXO Logistics is one of few companies to better its 2023 estimates and raise its guidance.

GXO’s full-year EPS guidance was raised by 5 cents, while adjusted EBITDA was increased by $10 million.

RXO was flat between the first and second quarters, and that proved to be a turnoff for investors in the 3PL.