WWEX Group, con sede en Dallas, está adquiriendo Jear Logistics, un 3PL centrado en la carga refrigerada, según una fuente anónima. Según el consejo proporcionado a las ondas de carga de alguien familiarizado con las discusiones, los empleados de Jear fueron informados sobre la adquisición el 14 de...
https://fullavantenews.com/fuente-wwex-group-para-adquirir-3pl-jear-logistics/?lang=es
Dallas-based WWEX Group is acquiring JEAR Logistics, a 3PL focused on refrigerated freight, according to an anonymous source.
According to the tip provided to FreightWaves by someone familiar with the discussions, employees at JEAR were informed about the acquisition on Feb. 14.
JEAR Logistics was founded in 2007 and is headquartered in Charleston, South Carolina. The firm provides over-the-road truckload and less-than-truckload hauling services. JEAR has offices in Tampa, Florida, and...
https://www.freightwaves.com/news/source-wwex-group-to-acquire-3pl-jear-logistics
Radiant Logistics said it expects soft market headwinds to persist into 2025 but provided a couple of positive trends for the current quarter on a call with analysts Tuesday evening.
The Renton, Washington-based 3PL reported revenue of $204 million for its fiscal first quarter ended Sept. 30. That was a 3.4% year-over-year decline. Adjusted earnings per share of 16 cents was 2 cents higher than the consensus estimate and 3 cents higher y/y.
Revenue net of purchased transportation expenses fell...
https://www.freightwaves.com/news/radiant-logistics-points-to-some-positives-on-quarterly-call
Radiant Logistics announced Wednesday it has acquired Focus Logistics, one of its strategic operating partners, for an undisclosed sum.
Michigan-based Focus is a domestic and international freight forwarder primarily serving customers in the marine, aerospace and trade show sectors. It was founded in 2003 by Terrie Evans and Cliff Kisielewski and began operating under Service By Air in 2006. (Radiant acquired Service By Air in June 2015.)
Focus will merge with an existing Radiant operation in...
https://www.freightwaves.com/news/radiant-logistics-acquires-another-operating-partner
Freight broker and 3PL HTL Freight announced it has acquired 4PL CTS Logistics.
Windham, New Hampshire-based CTS Logistics is a 35-year-old, family-run company providing managed transportation and brokerage solutions. The company’s services also include warehousing and freight payment processing.
Financial terms of the transaction were not disclosed. The deal was inked in February, and the two companies have been working on integrating operations and systems since. This is HTL Freight’s fourth...
https://www.freightwaves.com/news/3pl-htl-freight-acquires-4pl-cts-logistics
The Future of Freight Festival in Chattanooga, Tennessee, is the event of the fall. Subscribers to Check Call have a special discount code for F3 registration. This is going to be one of the best deals on F3 tickets. Use the code CheckCallF324 or go to this link, and the discount will be applied. There is no better party than a Chattanooga party. This is not one to miss.
It has been a challenging time for our neighbors to the north and south. Canada had a rail lockout for about...
U.S. business spending on logistics services dropped 11% in 2023 to $2.4 trillion as supply chains normalized in the wake of massive disruption caused by the COVID crisis, according to the “State of Logistics” report from the Council of Supply Chain Management Professionals released on Tuesday.
Logistics costs are still relatively high after rising 22.4% in 2021 and nearly 20% in 2022 from a baseline of $1.5 trillion prior to the pandemic.
More significantly, the ratio of business logistics costs...
https://www.freightwaves.com/news/us-logistics-inflation-remains-high-despite-11-drop-in-costs
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: Cargo theft was on the rise over the holiday weekend; the Panama Canal wins a spot on bingo cards; and Coyote parts ways.
(Image: memegenerator.net)
Labor Day signals the unofficial end of summer....
https://www.freightwaves.com/news/check-call-third-quarter-losses-on-the-rise
Amazon has acquired a 2% stake in Grubhub, the North America-based subsidiary of European food delivery giant Just Eat Takeaway, the Amsterdam-based company announced Wednesday.
Shares of Just Eat (OCTUS: JTKWY) were trading up nearly 20% on the news Wednesday morning, while rival DoorDash’s stock (NYSE: DASH) was down about 10%.
Amazon’s (NASDAQ: AMZN) stake in Grubhub could rise to 13% if it can deliver a certain amount of new customers to the business, though the announcement did not specify...
https://www.freightwaves.com/news/amazon-takes-bite-out-of-grubhub-offers-prime-members-free-perks
With e-commerce booming and warehouse space shrinking, 3PLs have become hot commodities. The latest is RK Logistics Group, which manages about 1 million square feet of warehousing and distribution capacity in the competitive California market.
On Friday, a group of investors led by Miami-based investment firm AOI Capital announced they have acquired RK Logistics Group. Terms were not disclosed.
“RK Logistics Group has a stellar reputation as a high-performance supply chain operator supporting...
https://www.freightwaves.com/news/red-hot-3pl-aoi-capital-acquires-rk-logistics