Third party logistics Archives - Page 2 of 3

FreightWaves Haul of Fame: Hill Brothers shows power of family

6 May 2021

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

24 March 2021

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

FreightWaves Haul of Fame: Longistics International, LLC

23 March 2021

A Longistics tractor-trailer on the way to deliver a load. (Photo: Jim Allen/FreightWaves)

Longistics was founded by Duane and Pat Long in 1984, but their love affair with the industry began several years before. In May 1977, the two attended National Transportation Week. They met at the conference and fell in love with each other and the trucking industry simultaneously.

Duane Long is the co-founder and Chairman of the company, which is a full-service provider of global logistics solutions headquartered in Raleigh, North Carolina. Longistics provides trucking, warehousing and...

https://s29755.pcdn.co/news/freightwaves-haul-of-fame-longistics-international-llc

Canada’s Fastfrate buys cross-border logistics provider ASL

17 February 2021

Fastfrate Group announced its acquisition of ASL Distribution Services.

Canadian trucking and logistics company Fastfrate Group has acquired third-party logistics provider ASL Distribution Services in a deal that dramatically expands its cross-border e-commerce business.

Fastfrate announced the acquisition on Tuesday and said it will boost annual revenue by CA$120 million ($94 million) in 2021. The deal adds 13 terminals and final-mile hubs in New York and Ontario, Quebec and Manitoba in Canada.

It comes amid a wave of acquisitions in the Canadian trucking and...

https://www.freightwaves.com/news/canadas-fastfrate-buys-cross-border-logistics-provider-asl

Radiant Logistics benefits from COVID-related freight

9 February 2021

Third-party logistics provider Radiant Logistics (NYSE: RLGT) is seeing “slow and steady improvement” across several of the verticals it serves. Management from the company called specific attention to strength in government freight, which includes COVID-related supplies, on its call with analysts Tuesday after the close.

Company Founder and CEO Bohn Crain is recovering from COVID and was unable to join the call.

The Bellevue, Washington-based company reported adjusted net income of $8.6 million,...

https://www.freightwaves.com/news/radiant-logistics-benefits-from-covid-related-freight

Team Worldwide’s new president tasked with guiding growth

2 February 2021

Team Worldwide, with a focus on technology, service and operations, has appointed Randy Sinker as president of the Texas-based company.

Sinker replaces Jason Brunson, who will remain in the role of chief executive officer of Team Worldwide as well as retain his position as chairman of the board.

“This strategic decision is just one of the many milestones Team Worldwide has celebrated throughout our 41-year history,” Brunson said. “We are confident in Randy’s ability to help guide Team Worldwide...

https://www.freightwaves.com/news/team-worldwides-new-president-tasked-with-guiding-growth

Red Arts Capital acquires Canadian 3PL Radius Logistics

21 January 2021

Red Arts Capital continues to build out logistics portfolio

Red Arts Capital announced Thursday the acquisition of Vancouver, British Columbia-based third-party logistics provider Radius Logistics.

Radius provides integrated transportation, warehousing and distribution services throughout North America. The full-service 3PL’s lineup includes ground, air and ocean transportation options as well as domestic and international parcel shipping through Radius Courier.

Financial terms of the transaction were not disclosed.

“We are thrilled to partner with Radius...

https://www.freightwaves.com/news/red-arts-acquires-canadian-3pl-radius-logistics

Career Tracks: Dachser promotes CFO Eling to CEO

11 January 2021

Burkhard Eling took the helm as chief executive officer of logistics provider Dachser on New Year’s Day.

Eling also will serve as the executive board spokesman and head corporate strategy, human resources, marketing, corporate key account management and governance and compliance.

He succeeded Bernhard Simon, who will take over as chairman of the supervisory board of the family-owned company in mid-2021. Also moving to the supervisory board is Michael Schilling, the former chief operations officer...

https://s29755.pcdn.co/news/career-tracks-dachser-promotes-cfo-eling-to-ceo

5 warehousing sustainability trends for 2021

2 December 2020

Warehouse and logistics companies are trying to shore up their sustainability efforts as they struggle to change their inventory strategies from just in time to just in case during the COVID-19 pandemic. Here are five trends in sustainable warehousing to look for when the dust settles.

Automation

As warehouse labor gets progressively tougher to find and the pandemic continues, warehouses are shifting to technology and automation to do some of the work. Wearable devices, such as those provided by...

https://s29755.pcdn.co/news/5-warehousing-sustainability-trends-for-2021

Cost reduction offsets COVID impacts for Radiant Logistics in FQ1

10 November 2020

Third-party logistics provider Radiant Logistics Inc. (NYSE: RLGT) is seeing an “extraordinarily tight” capacity environment as the company’s revenue continues to slowly bounce back from the pandemic.

The Bellevue, Washington-based multimodal transportation company reported Monday after the market close adjusted net income of $6.5 million, or 13 cents per share, for its fiscal first quarter ended Sept. 30. The result was in line with the same quarter in 2019.

“Through a number of cost-saving and...

https://s29755.pcdn.co/news/cost-reduction-offsets-covid-impacts-for-radiant-logistics-in-fq1

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