third-party logistics providers

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

FreightWaves Haul of Fame: Hill Brothers shows power of family

A Hill Brothers Transportation truck then and now. (Photo: Hill Brothers Transportation)

Hill Brothers Transportation

The four Hill brothers founded Hill Brothers in Omaha, Nebraska in 1986. Pete, Al, Pat and Jim came from a family that had been in trucking and they spent their youth working on the docks, washing and hanging meat hooks, and refueling trucks. After college, the brothers took over the business from their family, and changed the name to Hill Brothers. At the time, the business had about 50 trucks, a good reputation in the meat industry and with dry goods shippers.

Today...

https://www.freightwaves.com/news/freightwaves-haul-of-fame-hill-brothers-shows-power-of-family

3PL Summit: How to differentiate logistics providers

CEO Lee Salz talks about 3PL sales differentiation.

This fireside chat recap is from FreightWaves’ 3PL Summit. 

FIRESIDE CHAT TOPIC: How 3PLs can differentiate themselves

DETAILS: Creating differentiation for your 3PL is the key to success and growth. How do you achieve differentiation when your services are almost identical to thousands of others? Most of the time it’s not what you sell but how you sell and position your services that creates the differentiation needed to thrive in freight sales.

SPEAKER: Lee Salz, author of “Sales...

https://www.freightwaves.com/news/3pl-summit-how-to-differentiate-logistics-providers

3PL Summit keynote: ‘Cat is out of the bag’ on supply chain importance

With barely six months behind her as president and CEO of the Transportation Intermediaries Association, Anne Reinke has a major goal in front of her: to “amplify” advocacy at TIA.

“The pandemic did a lot of things for a lot of people, but one of the unintended consequences is that it made the supply chain somehow known and understood better,” Reinke said during her keynote address at FreightWaves’ 3PL Summit on Wednesday.

“I think TIA and brokerage generally flew under the radar for a long time,...

https://s29755.pcdn.co/news/reinke-reveals-drive-to-expand-advocacy-for-brokers-and-3pls

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