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Logistics
XPO’s Jacobs on his next venture: Wait and see
GREENWICH, Conn. — When Brad Jacobs took the stage Tuesday at the Greenwich Economic Forum, the big question on everybody’s mind was: Just what is Jacobs Private Equity going to do?
That’s the next act for the man who founded XPO Inc. (NYSE: XPO) and who serves as its executive chairman as well as executive chairman of its two relatively recent spinoffs: logistics management company GXO (NYSE: GXO) and 3PL RXO (NYSE: RXO).
Jacobs Private Equity is Jacobs’ next venture. And despite a few mild...
https://www.freightwaves.com/news/xpos-jacobs-on-his-next-venture-wait-and-see
Radiant Logistics acquires Florida operating partner Daleray
Radiant Logistics announced it has acquired strategic operating partner Daleray Corp.
Fort Lauderdale, Florida-based Daleray is a domestic and international freight forwarder, primarily focused on serving cruise lines. It has been operating under Radiant’s Distribution By Air banner since 2014.
Financial terms of the transaction were not disclosed, but Radiant (NYSE: RLGT) said part of the purchase price will be based on Daleray’s future performance.
Daleray founder Dale Kloss will remain with the...
https://www.freightwaves.com/news/radiant-logistics-acquires-florida-operating-partner-daleray
Check Call: Bid now, don’t wait
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.
In this edition: It’s not your mama’s bid season this year; Shippers are on the hook for carbon emissions; and UPS tries to get customers back on their side.
Gif: TenorIt’s not going to be fun and games for the fourth...
https://www.freightwaves.com/news/check-call-bid-now-dont-wait
Daily Infographic: Cargo thefts from trucks, warehouses spike during Q2
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Layoffs confirmed in BNSF Logistics brokerage unit’s sale to J.B. Hunt
An unspecified number of employees are expected to lose their jobs as the brokerage operations of BNSF Logistics transfer to J.B. Hunt Transport Services.
J.B. Hunt (NASDAQ: JBHT) announced on Sept. 14 that it would be acquiring the brokerage operations of BNSF Logistics, a subsidiary of BNSF Railway.
As reported by FreightWaves then, BNSF Logistics provides a full suite of 3PL services through employees and agents. J.B. Hunt is acquiring the truckload, drayage, expedited and less-than-truckload...
Online shopping takes lead over brick-and-mortar stores in holiday season upset
Online shopping has finally eclipsed brick-and-mortar store browsing as the most popular holiday gift-buying option this year, according to recent research from project44. While this shift in consumer preferences has been happening for years, it still presents a unique set of challenges for shippers.
“For the first time, a majority (51%) of consumers plan to do most of their seasonal shopping online,” said Eric Fullerton, senior director of product marketing at project44. “Retailers must ensure...
Current market conditions offer opportunity to strengthen intermodal relationships
The current freight recession — coupled with more widespread soft economic conditions — has led some shippers to reassess their transportation strategies. In a low-volume market characterized by volatility, it is not uncommon for companies that typically utilize intermodal transportation to start moving most of their freight over-the-road in order to take advantage of suppressed rates.
This approach may offer short-term gains, but it can also undermine existing relationships between shippers...
Running on Ice: UPS doubles down on health care
Hello, and welcome to the coolest community in freight! Here you’ll find the latest information on warehouse news, tech developments and all things reefer madness-related. I’m your controller of the thermostat, Mary O’Connell. Thanks for having me!
All thawed out
(Photo: Jim Allen/FreightWaves)
What can brown do for you? Looks like the Atlanta-based parcel behemoth is doubling down on its position in the health care sector. UPS has acquired MNX Global Logistics, a California company that...
https://www.freightwaves.com/news/running-on-ice-ups-doubles-down-on-health-care
Daily Infographic: The United States surpassed two million on-road light-duty electric vehicles in 2021
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