third-party logistics providers

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

German giant DB Schenker prepares for big US trucking expansion

A gold-painted truck shining in the bright sun.

After decades operating a major international freight and warehousing business in the U.S., the logistics division of German rail operator Deutsche Bahn is ready to flex its muscle in the crowded trucking market.

DB Schenker is the fourth-largest logistics services provider in the world, with $19.4 billion in gross revenue in 2019, and operates the largest trucking network in Europe. In the U.S., the trucking division has a support role, doing pickup and delivery for customers’ air and ocean...

https://www.freightwaves.com/news/german-giant-db-schenker-prepares-for-big-us-trucking-expansion

Auto parts, electronics will lead cross-border freight in 2021

With factories across Mexico getting back to full capacity in 2021, the cross-border freight market is already impacting truckload capacity, supply chains and trade strategy.

FreightWaves recently caught up with Frederick Ottosen and Roy Austin from The ILS Co. (International Logistic Solutions). Tucson, Arizona-based ILS is a 3PL offering freight solutions in the U.S. and Mexico. 

Austin is the business development director for ILS, and Ottosen is the general sales manager for Mexico. Ottosen...

https://www.freightwaves.com/news/auto-parts-expected-to-lead-cross-border-freight-in-2021

Universal Logistics reports better-than-expected Q3 revenue

Universal Logistics Holdings (NASDAQ: ULH) released its third-quarter financial results Thursday afternoon, reporting revenue of $365 million and earnings per share of 50 cents. 

The quarterly results were in line with Wall Street expectations, with most analysts predicting earnings of 50 cents per share and revenue of $327 million.

“The rapid recovery of North American automotive production was a primary driver behind Universal’s solid performance in the third quarter 2020,” Tim Phillips, CEO of...

https://s29755.pcdn.co/news/universal-logistics-reports-q3-revenue

DSV Panalpina CEO: Q3 results beat odds during pandemic

DSV Panalpina

Third-party logistics giant DSV Panalpina (OTCMKTS: DSDVY) reported on Thursday a pretax operating profit of 2.7 billion Danish kroner (DKK) ($428 million) for the third quarter, up from DKK 1.78 billion ($280 million) for the same period last year and despite the supply chain disruptions caused by the coronavirus pandemic.

“Market conditions have been better than anticipated across most of our markets, and at the same time we benefit from efficient cost management,” said Jens Bjørn Andersen,...

https://www.freightwaves.com/news/dsv-panalpina-ceo-q3-results-beat-odds-during-pandemic

3PLs prepare to catch Damco shippers jumping ship

container terminal

A.P. Moller-Maersk’s (OTCMKTS: AMKBY) announcement earlier this week that it will integrate the air cargo and less-than-container-load (LCL) services of its subsidiary Damco into the Maersk brand has some customers checking their options.

Shippers remain unclear how the absorption of Damco into Maersk will impact their overall logistics contracts with the longtime third-party logistics services provider (3PL), as well as what will happen to the customer service staff who were dedicated to their...

https://www.freightwaves.com/news/3pls-prepare-for-damco-shippers-jumping-ship

Universal Logistics profits, revenue drop during second quarter

Universal Logistics Holdings Inc. (NASDAQ: ULH) reported net income of $6.2 million, compared to $20 million during second quarter 2019, a 69% decline, according to the company’s earnings report released on Thursday.

On a per-share basis, the Warren, Michigan-based company said it had net income of 23 cents per share, on total operating revenues of $258 million. This compares to 70 cents per share during the second quarter of 2019 on total operating revenues of $383.2 million.  

The asset-light...

https://www.freightwaves.com/news/universal-logistics-profits-revenue-drop-during-second-quarter

FreightWaves virtual 3PL Summit focus: efficiency and profitability

FreightWaves LIVE @Home, the industry’s premier virtual freight conference, was such a smashing success among attendees that we are doing it again – this time the focus will be on third-party logistics (3PL) providers.

The inaugural 3PL Summit virtual event will take place on July 21 live on computers and television screens through the FreightWaves TV network.

“COVID-19 has changed the landscape for industry events – virtual events have replaced in-person events. Duplicating that experience is...

https://s29755.pcdn.co/news/freightwaves-virtual-3pl-summit-focus-efficiency-and-profitability

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