third-party logistics providers

Project Freight le permite a Radiant superar el mercado ‘bastante duro’

Radiant Logistics venció a las expectativas trimestrales el lunes, pero la mayor parte del rendimiento superior provino de las oportunidades de reposición relacionadas con los huracanes. La compañía señaló un entorno operativo aún difícil, pero sonó más constructivo en una recuperación en los próximos trimestres. «Más ampliamente, es bastante difícil para nosotros y nuestros competidores», […]

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https://fullavantenews.com/project-freight-le-permite-a-radiant-superar-el-mercado-bastante-duro/?lang=es

Project freight allows Radiant to overcome ‘pretty tough’ market

Radiant Logistics beat quarterly expectations Monday, but the bulk of the outperformance came from hurricane-related restocking opportunities. The company noted a still difficult operating environment but sounded more constructive on a recovery in the coming quarters.

“More broadly, it’s pretty tough out there for us and our competitors,” CEO Bohn Crain said on a conference call.

He said the market has been bouncing along the bottom for several quarters now and that shippers remain aggressive...

https://www.freightwaves.com/news/project-freight-allows-radiant-to-overcome-pretty-tough-market

AFS Logistics names Andy Dyer new CEO

Freight payments and audit company AFS Logistics announced Wednesday that Andy Dyer is its new CEO. Dyer has been the 3PL’s head of transportation management the past four years. The news release made no reference to former CEO Tom Nightingale.

Nightingale was a vocal leader of the company, appearing at industry events discussing the company’s quarterly dataset for truckload, less-than-truckload and parcel rates. Nightingale was named AFS’ CEO in 2020.

“We have focused on building the AFS brand...

https://www.freightwaves.com/news/afs-logistics-names-andy-dyer-new-ceo

FreightWaves and MerQube launch world’s first equity index to track supply chain innovation

(Photo.du.edu)

The MerQube FreightWaves Supply Chain Tech Index — the first index to track the performance of the supply chain and logistics industry — was launched Tuesday. Companies on the index have a minimum float market cap of $500 million and a minimum average daily value traded of $3 million.

The following sectors are considered for inclusion in the index: tech-enabled third-party logistics (3PL); logistics software; e-commerce logistics; alternative energy/autonomous technology; and asset-heavy...

https://www.freightwaves.com/news/merqube-freightwaves-supply-chain-tech-index-launches

MerQube FreightWaves Supply Chain Tech Index launches

(Photo.du.edu)

The MerQube FreightWaves Supply Chain Tech Index — the first index to track the performance of the supply chain and logistics industry — was launched today. Companies on the index have a minimum float market cap of $500 million and a minimum average daily value traded of $3 million.

The following sectors are considered for inclusion in the index: tech-enabled third-party logistics (3PL); logistics software; e-commerce logistics; alternative energy/autonomous technology; and asset-heavy...

https://www.freightwaves.com/news/merqube-freightwaves-supply-chain-tech-index-launches

How ocean carriers dove deeper into logistics, air cargo in 2021

Large container ships at a marine terminal with ship-to-shore cranes reaching across.

For big ocean freight lines, 2021 was marked not only by record profits stemming from COVID-related constraints on shipping patterns and capacity but by significant steps toward transforming themselves into full-blown providers of inland logistics services. The trend is further blurring the line between freight forwarders and carriers.

For most of this century, an asset-light business model dominated the logistics sector. Leasing warehouses, trucks, and aircraft and using contract labor...

https://www.freightwaves.com/news/how-ocean-carriers-dove-deeper-into-logistics-air-cargo-in-2021

Maersk to buy Hong Kong-based LF Logistics for $3.6B

A Maersk shipping container is lowered on dock by a crane.

A.P. Moller – Maersk announced Wednesday it has reached an agreement to acquire LF Logistics, a Hong Kong-based contract logistics company, specializing in omnichannel fulfillment services, e-commerce, and inland distribution in the Asia-Pacific region, for an enterprise value of $3.6 billion.

LF Logistics operates an extensive pan-Asian network with 10,000 people, and 223 warehouses and fulfillment centers in 14 countries totalling 29 million square feet. It is privately owned by Li & Fung...

https://www.freightwaves.com/news/maersk-to-buy-hong-kong-based-lf-logistics-for-36b

Mega port operator PSA to buy US freight forwarder BDP

Aerial view of a a vessel tied up to wharf with big cranes while a special ship transports big ship cranes down the middle of a waterway.

PSA International, a global port operator owned by the Singaporean government, said Wednesday it has agreed to acquire Philadelphia-based freight management company BDP International, building on the trend of asset-based transportation providers expanding to offer customers an end-to-end logistics services.

PSA is the largest container terminal operator in the world based on throughput. Last year it handled 86.8 million twenty-foot equivalent units.

BDP, which is owned by New York-based private...

https://www.freightwaves.com/news/mega-port-operator-psa-to-buy-us-freight-forwarder-bdp

Logistics giant announces succession plan for CEO Trefzger

Head shot of Detlef Trefzger.

Kuehne + Nagel, the second largest third-party logistics provider in the world by gross revenue, announced Tuesday that CEO Detlef Trefzger will step down for personal reasons and be replaced by Stefan Paul, the head of road logistics and sales, effective Aug. 1.

Trefzger, who will be named to the supervisory board, has had a successful 8.5-year run at the Swiss-based freight management and contract logistics company. 

Kuehne + Nagel (CXE: KNIN) is the largest wholesaler of ocean transportation...

https://www.freightwaves.com/news/logistics-giant-announces-succession-plan-for-ceo-trefzger

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