Logistics/Supply Chains

RXO looked to be avoiding the worst of the freight market, but no more

When RXO came out with its first-quarter earnings for 2023, its performance was clearly superior to those of its brokerage peers, and it looked like the company might have found the magic sauce to handle a weak freight market.

But the latest quarterly report from the stand-alone 3PL had landed with a thud, a declining stock price and some reductions in Wall Street analyst recommendations on the company.

The scorecard for Friday was that RXO (NYSE: RXO) stock closed down 2.27%, or 47 cents, to...

https://www.freightwaves.com/news/rxo-looked-to-be-avoiding-the-worst-of-the-freight-market-but-no-more

TFI beats earnings estimates, US LTL a work in progress

Transport and logistics company TFI International Inc. posted fourth-quarter adjusted earnings of $1.71 per diluted share, a 4-cent-per-diluted-share beat from consensus estimates. Alain Bédard, the company’s chairman, president and CEO, told analysts that he expects full-year earnings per share to exceed $7 per diluted share on an organic basis, bettering 2023’s $6.18 per share but below 2022’s $8.02 per diluted share.

On an analyst call Friday morning, Bédard said the turnaround at...

https://www.freightwaves.com/news/tfi-beats-earnings-estimates-us-ltl-a-work-in-progress

Robinson unwraps truckload appointment scheduling software

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Freight broker and logistics provider C.H. Robinson Worldwide Inc. on Wednesday took the public...

https://www.freightwaves.com/news/robinson-unwraps-truckload-appointment-scheduling-software

AIT closes on Lubbers acquisition

Supply chain management provider AIT Worldwide Logistics said Tuesday that it has completed its acquisition of European logistics company Lubbers Logistics Group. Terms of the transaction were not disclosed.

The deal, disclosed in mid-November, adds 18 offices to AIT’s 130-location global network. It expands Itasca, Ill.-based AIT’s network to Denmark, Romania and Turkey. Lubbers also has facilities in Germany, Italy, Norway and the United Kingdom. 

In business for decades, Lubbers, headquartered...

https://www.freightwaves.com/news/ait-closes-on-lubbers-acquisition

CtrlChain taking charge of logistics through smarter tech

Giovanni Gubbels, founder and CEO of logistics service provider CtrlChain, discusses the company’s recent rebranding from ChainCargo and what the new name represents.

ChainCargo started five years ago with the goal of reducing waste and inefficiencies in logistics management and supply chains through an automated logistics ecosystem. Recognizing the importance of data in achieving these goals, Gubbels steered the company to focus more on providing accurate, consistent data to customers to...

https://www.freightwaves.com/news/ctrlchain-taking-charge-of-logistics-through-smarter-tech

Kenco to close facility in Indianapolis

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Third-party logistics provider Kenco Logistic Services said it will close a facility in...

https://www.freightwaves.com/news/kenco-to-close-facility-in-indianapolis

Cold chain tech provider Grip Shipping launches fulfillment service

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Cold chain technology provider Grip said Monday that it will open fulfillment centers in Texas,...

https://www.freightwaves.com/news/cold-chain-tech-provider-grip-shipping-launches-fulfillment-service

3 supply chain software providers tell their latest stories at NRF

NEW YORK — The National Retail Federation is not a supply chain conference per se. But it might as well be. 

A walk through the gigantic two main exhibition floors at the Jacob K. Javits Center brings the NRF attendees to a line of displays, many of them enormous, that seem to focus heavily on a definition of supply chain that encompasses not just getting products to retail outlets, but also to the final mile and final handling that put a product into the hands of consumers.

That is why three...

https://www.freightwaves.com/news/3-supply-chain-software-providers-tell-their-latest-stories-at-nrf

From pandemic chaos to AI, supply chain panelists have seen it all lately

NEW YORK — Think about what a supply chain leader has gone through in the past few years.

There was the pandemic that at first looked like it would crater demand for virtually all goods and services once the toilet paper rush ran its course.

Then came the whiplash in no time when huge demand for goods replaced demand for services that couldn’t be provided during lockdowns, and the transport and supply of those products failed to keep up. The end result: Old ways of doing business in the supply...

https://www.freightwaves.com/news/from-pandemic-chaos-to-ai-supply-chain-panelists-have-seen-it-all-lately

Harnessing technology for supply chain management at FIU Business

One of the more popular misconceptions about supply chain management is that it exclusively focuses on the stage when goods move toward their final destination in trucks over the road.

Dr. Andrea Patrucco and his colleagues at Florida International University College of Business (FIU Business) regularly dispel such misconceptions among new students. In fact, there is a wide range of disciplines that fall under the umbrella of supply chain management: distribution and warehousing operations,...

https://www.freightwaves.com/news/harnessing-technology-for-supply-chain-management-at-fiu-business

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