Third party logistics

Check Call: Third Quarter losses on the rise

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 takes bite out of Grubhub, offers Prime members free perks

Grubhub food delivery bag

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

Red-hot 3PL: AOI Capital acquires RK Logistics

3PL RK Logistics acquired by AOI Capital

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

Nearshoring conversation is shifting the role of 3PLs

Nearshoring, the process of shifting all or part of operations from one of greater distance closer to home, has been a topic of discussion over the years by many companies – particularly in the U.S. regarding Mexico. However, due to evolving circumstances and changes in the economy and other factors, this action has been frequently dismissed over time. Since the pandemic, many more companies have started this conversation again and are turning to qualified third-party logistics partners that...

https://www.freightwaves.com/news/nearshoring-conversation-is-shifting-the-role-of-3pls

Commentary: How in-house fulfillment can spell trouble for e-commerce businesses

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

In-house fulfillment is a natural fact of life for most startups and early e-commerce businesses. Initial sales can be packed in a garage, but one viral hit or a typical peak season can quickly lead to scale issues. Businesses can avoid surprises that lead to delayed orders and stockouts by outsourcing fulfillment to companies that guarantee speed, accuracy, and...

https://www.freightwaves.com/news/commentary-how-in-house-fulfillment-can-spell-trouble-for-e-commerce-businesses

The GXO story begins to take shape

When you are a trailblazer, it can be difficult to quantify success. But for GXO Logistics, its first quarter earnings as a standalone company represented a good first step.

But it is just that, a first step.

“There is category creation taking place. There is nothing like this in the market today,” Mark Manduca, chief investment officer for GXO, told Modern Shipper following the Q3 announcement on Nov. 1, before rattling off what GXO is trying to accomplish. He cited a business with technology at...

https://www.freightwaves.com/news/the-gxo-story-begins-to-take-shape

Advanced Handling Systems’ e-commerce, 3PL shippers have new robotic options

Advanced Handling Systems’ (AHS) third-party logistics and e-commerce warehouse customers can now choose to deploy robotic solutions from Berkshire Grey for their facilities.

AHS, which integrates fulfillment and distribution solutions and counts many Fortune 100, e-commerce and 3PL companies among its clients, said Berkshire Grey’s (NASDAQ: BGRY) artificial intelligence-enabled automation will help its clients address labor shortages and logistics challenges that are threatening the supply...

https://www.freightwaves.com/news/advanced-handling-systems-e-commerce-3pl-shippers-have-new-robotic-options

Radiant Logistics posts record FQ4 results

Radiant looking at acquisitions again

Third-party logistics provider Radiant Logistics announced record results Thursday after the market close. The Renton, Washington-based company reported adjusted earnings per share of 20 cents, 2 cents higher year-over-year but a penny light of consensus, for its fiscal fourth quarter ended June 30.

On a call with analysts, management said demand has returned in all of the verticals it serves except for the cruise line industry. Pressed about the emergence of the delta variant and a recent...

https://www.freightwaves.com/news/radiant-logistics-posts-record-fq4-results

Radiant Logistics posts record results, focuses on buybacks and M&A

Radiant Logistics sees strength across all offerings

Third-party logistics provider Radiant Logistics (NYSE: RLGT) noted strength across all of its transportation offerings on a call with analysts and investors Monday. Management said the brick-and-mortar retail segment continues to improve and that the company is even seeing some bookings for events and trade shows.

The Bellevue, Washington-based company reported record fiscal third-quarter adjusted net income of $9.1 million, or 18 cents per share, for the period ended March 31. The result was...

https://s29755.pcdn.co/news/radiant-logistics-posts-record-fq3-focuses-on-buybacks-and-ma

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