3pl

Check Call: The broker dry spell

(GIF: GIPHY)

In 2021 it seemed like there was a new freight brokerage opening daily. When you can get away with insane margins and are making money hand over fist, it would be a mistake not to open a brokerage.

Fast forward to late 2022 and 2023, and the freight recession hits. Those new brokers haven’t been through a downturn before, and there isn’t a strong sign of the freight market returning to its glory days anytime soon, leaving some newer players to weather the storm in uncertain...

https://www.freightwaves.com/news/check-call-the-broker-dry-spell

Check Call: The hope of 2024 dashed

(GIF: GIPHY)

Return to normalcy – a phrase that has been uttered repeatedly for the better part of six months. Everyone wants to know when supply chains will return to normal. 2024 was expected to be that year. A new report by the Association for Supply Chain Management and KPMG has found that despite tremendous improvements in the global supply chain community, 2024 might not be the year we return to that elusive pre-pandemic normalcy.

According to the KPMG Supply Chain Stability Index, the...

https://www.freightwaves.com/news/check-call-the-hope-of-2024-dashed

Check Call: Baltimore mounts a comeback

In this edition: The aftermath of the Francis Scott Key Bridge destruction, and UPS and the U.S. Postal Service form a partnership. 

GIF: GIPHY

In the collision heard round the world, the Dali struck the Francis Scott Key Bridge in Baltimore. Two weeks after the collision happened, a lot is still unknown, but the cleanup and rebuilding process is off to a strong start. The crane of all cranes has been brought out to aid in the cleanup so that ships may soon make port in Baltimore. As for when...

https://www.freightwaves.com/news/check-call-baltimore-mounts-a-comeback

Check Call: AB5 takes a body blow

(GIF:GIPHY)

The battle over the independent contractor law in California rages on. Nicknamed AB5, the law changes how a lot of workers are classified. It matters in the transportation world because for carriers that also use owner-operators to haul freight, it classifies many of those owner-operators as employees versus independent contractors. To catch up on how we got here, check out some of the previous articles about it.

Why it matters now is that it’s back in the federal courts. After...

https://www.freightwaves.com/news/check-call-ab5-takes-a-body-blow

Check Call: Mexico rises to the top

(GIF: GIPHY)

New York’s hottest club is nearshoring to Mexico. Well, it’s not a club but it is something everyone is talking about. Just about every industry has projects started across the border in Mexico, so much so that Mexico registered a record $36 billion in foreign direct investment last year, a 2% year-over-year increase compared to 2022, according to the country’s Economy Ministry.

FreightWaves’ Noi Mahoney quotes Mike Burkhart, C.H. Robinson’s vice president of North America surface...

https://www.freightwaves.com/news/check-call-mexico-rises-to-the-top

Check Call: East Coast ports take center stage

Welcome back to Check Call. Conference season is upon us, and wrapping up conference season is the one and only FreightWaves Future of Supply Chain. If you haven’t yet decided on going or you want to go but are looking for the best deal on tickets, then you’re in luck. Check Call subscribers get a discount. Go here to buy tickets or use CheckCallFSC24 at checkout to get the best deal around. It’s in Atlanta so flights are going to be cheap and plentiful, and all the coolest people are coming...

https://www.freightwaves.com/news/check-call-east-coast-ports-take-center-stage

Take me to the ports

Welcome back to Check Call. Conference season is upon us, and wrapping up conference season is the one and only FreightWaves Future of Supply Chain. If you haven’t yet decided on going or you want to go but are looking for the best deal on tickets, then you’re in luck. Check Call subscribers get a discount. Go here to buy ticketsor use CheckCallFSC24 at checkout to get the best deal around. It’s in Atlanta so flights are going to be cheap and plentiful, and all the coolest people are coming...

https://www.freightwaves.com/news/take-me-to-the-ports

Supply chain M&A in 2024

In 2020, 2021 and 2022, it seemed like every day brought an announcement of a new merger or acquisition. That made sense given that it was insanely cheap to get capital and there was more than enough to go around. Fast forward to 2023 and those announcements subsided. There are still acquisitions for capacity, growth and whatever problem needs to be solved but not nearly at the rate of 2021 and 2022.

So what is in store for 2024?

Depends whom you ask but the consensus seems to be that this...

https://www.freightwaves.com/news/supply-chain-ma-in-2024

Radiant Logistics looks for back-half 2024 inflection

Management from 3PL Radiant Logistics said Thursday it was hopeful for a demand turnaround in the second half of 2024, noting it has seen some lift in ocean container traffic.

“We remain optimistic that we are at or near the bottom of this cycle and would expect markets to begin to find their way to more sustainable and normalized levels towards the back half of calendar 2024,” said Bohn Crain, founder and CEO, in a news release.

Radiant (NYSE: RLGT) reported adjusted earnings per share of 11...

https://www.freightwaves.com/news/radiant-logistics-looks-for-back-half-2024-inflection

+ More
Join Our Newsletter
Enter your email to receive a weekly round-up of shipping news.
icon
By subscribing, you agree with our privacy policy and our terms of service.