3PLs Archives - Maritime Shipping News

Freight brokerages struggle through a long trough

19 April 2024

The freight winter that sent Surge into bankruptcy and shut down Convoy isn’t over yet, even if the bottom is likely in. Tender rejection rates are hovering around 4%, indicating that capacity is still loose and that asset-based carriers aren’t in a position to reject contracted freight.

J.B. Hunt’s first-quarter results, reported Tuesday after markets closed, revealed the pain felt by the largest transportation providers and their brokerages. Integrated Capacity Solutions (ICS), Hunt’s...

https://www.freightwaves.com/news/freight-brokerages-struggle-through-a-long-trough

Air Van acquires fellow 3PL G&C Cartage

19 February 2024

Third-party logistics provider Air Van announced Monday it has acquired fellow Jacksonville, Florida-based company G&C Cartage.

Founded in 1971, G&C Cartage provides warehousing and transportation services to clients out of a lone facility with more than 35,000 square feet of space. The company recently underwent an overhaul, allowing it to reduce costs by more than one-third while doubling profitability.

Financial terms of the transaction were not provided.

Air Van said the additional space will...

https://www.freightwaves.com/news/air-van-acquires-fellow-3pl-gc-cartage

Check Call: November steals

14 November 2023

It’s Q4 and cargo theft is on the rise. It’s a down market and end of the year, and cargo thefts typically rise this time of year. However, this year CargoNet saw a 59% increase year over year in thefts and pilferage in the U.S. and Canada during the third quarter. The top way goods were ending up in the wrong hands was through “shipment misdirection,” in which thieves were using stolen identities from truckers and freight brokers to get freight from the intended receiver.

Freigh...

https://www.freightwaves.com/news/check-call-november-steals

Edge Logistics fighting through the freight brokerage winter

24 October 2023

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Surge Transportation declared bankruptcy in July. Convoy shut down its freight operations in...

https://www.freightwaves.com/news/edge-logistics-fighting-through-the-freight-brokerage-winter

Check Call: Identity theft is not a joke, Jim!

22 August 2023

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Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply...

https://www.freightwaves.com/news/check-call-identity-theft-is-not-a-joke-jim

Check Call: Sustainability takes a seat at the table

15 August 2023

Welcome to Check Call, our corner of the internet for all things 3PL, freight broker and supply chain. Check Call the podcast comes out every Tuesday at 12:30 p.m. EDT. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.

(Image: Grouphug Solar)

For those looking to get some federal supply chain contracts, sustainability measures will start to matter. The Biden administration has a new proposal, the Sustainable Products and Services...

https://www.freightwaves.com/news/check-call-sustainability-takes-a-seat-at-the-table

Check Call: Breaking down the FIFA Women’s World Cup

8 August 2023

In this edition: breaking down the 2023 FIFA Women’s World Cup, the unforeseen side effect of rising demand in Mexico, and Yellow officially declares Chapter 11 bankruptcy.