Radiant Logistics announced on Monday full quarterly results for the first time since May 2022. The Renton, Washington-based 3PL has been mired in a financial restatement process tied to revenue and expense recognition for in-transit shipments.
The process delayed the financial filing for multiple periods as prior-year results were being reviewed. The company was resolute all along that the net impact from the restatement process would be minimal.
“Why in the world would the company pay its...
By Lisa Baertlein LONG BEACH, Calif., Feb 28 (Reuters) – The former Amazon.com Inc executive who oversaw the e-commerce company’s transportation network buildout for its sellers, now aims to do the same for rival shipping customers as chief executive of logistics startup Flexport. “I wanted to … do it again for everyone else,” said Dave Clark, the former Amazon executive who will become Flexport CEO on March 1 after spending six months as co-CEO. Getting big is the key to success, Clark said at...
https://gcaptain.com/amazons-former-logistics-guru-aims-to-repeat-growth-at-flexport/
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. EST. Catch up on previous episodes here. If this was forwarded to you, sign up for Check Call the newsletter here.
Inside this edition: Showdown between freight forwarders and customs brokers; FMCSA’s new regulations; and shiny new purchases for Overhaul and DHL.
Customs brokers vs. freight forwarders. Often these words are...
https://www.freightwaves.com/news/check-call-importing-and-exporting-not-always-same-thing
This training guide was made to help freight forwarders utilize the productivity capabilities of CargoWise. Provided courtesy of the team at Logixboard and their partners, this guide covers:
• 5 key CargoWise workflow features, and how and when to use them
• The importance of auditing your...
https://www.freightwaves.com/news/automating-freight-forwarding-processes-with-cargowise-workflow
Rising expectations for fast delivery of high-value products has fueled demand for near-airport warehouses and forced tenants to pay substantial rent premiums compared to other industrial spaces in large metropolitan areas, according to a new report from CBRE.
The Dallas-based commercial real estate services and investment firm found that average rents for warehouses within a 5-mile radius of major airports are 18.8% higher than the average for the region. The analysis covered the 20 busiest...
https://www.freightwaves.com/news/warehouse-rents-near-cargo-airports-skyrocket-report-says
Digital freight forwarding platform Shifl announced Monday it is launching its own rate index to bring better visibility to its customers that have been experiencing a volatile market, with rates that were close to $20,000 for a full 40-foot high cube this time last year dropping to below $10,000.
The new ocean spot rate index, Shifex, is based on actual freight quotes and shipments handled by Shifl with its carrier network moving cargo from China to New Jersey/New York or Los Angeles.
Related: ‘A...
On this episode of Net-Zero Carbon, host Tyler Cole chats with Graham Major-Ex, head of green business at Sennder. Sennder is a Berlin, Germany-based digital freight-forwarding company that aims to help decarbonize road freight.
Major-Ex’s team oversees green freight offerings and is working to scale low-carbon solutions. Sennder provides multiple options for freight buyers, including verified improved emissions reporting and pilot and commercial scale initiatives around electrification and...
https://www.freightwaves.com/news/scaling-low-carbon-logistics-solutions-net-zero-carbon
Third-party logistics provider Radiant Logistics reported record results for its fiscal third quarter ended March 31. Management from the company said it’s not seeing any material slowdown in demand.
“We’re still seeing good volumes,” Bohn Crain, founder and CEO, stated on a call with analysts when discussing the company’s international freight network. “I think it’s fair to say everybody’s having to work a lot harder than we might have had to at different times but freight is still moving....
https://www.freightwaves.com/news/radiant-logistics-fq3-2022
EFL Global this year celebrates its 40th anniversary in the freight forwarding and 3PL business. The global logistics provider is looking back on its four decades of defying boundaries and turning its outlook toward its goals for the future.
What is now a global leader in the supply chain, EFL has humble origins. The company began with one man, Hanif Yusoof, who founded Expolanka Freight in 1982 as an agency for freight forwarders in the Indian Subcontinent.
The company began in a 300-square-foot...
https://www.freightwaves.com/news/efl-global-marks-40-years-of-commitment-to-borderless-service
A.P. Moller-Maersk on Friday renamed its Star Air subsidiary as Maersk Air Cargo as the Danish container shipping giant prioritizes integrated logistics offerings and selling air cargo services directly to customers under a single brand.
The company said Maersk Air Cargo will shift its airfreight hub from Copenhagen to Denmark’s second-largest airport, Billund, and enter a labor agreement with the Flight Personnel Union to support the expansion of air operations.
The reorganization is the latest...
https://www.freightwaves.com/news/ocean-carrier-maersk-unveils-integrated-air-cargo-service