The Logistics and Supply Chain News that Shaped 2024
In an annual tradition, LM group news editor Jeff Berman has conducted a thorough review of the expansive number of logistics- and supply chain-related news articles reported, written, and posted by the Logistics Management editorial staff over the course of the calendar year in order to create this list of the top news articles over that period. This …
Top 50 Third Party Logistics (3PLs) Providers 2024: Not out of the ...
Jun 1, 2024 · Last year proved to be challenging for third-party logistics (3PLs) providers. Transportation rates plummeted, fuel prices skyrocketed, retaining and attracting talent became difficult, warehouse space tightened, rules and regulations increased, competition surged, and the supply chain faced frequent disruptions.
2024: Connecting the dots to shape the future
In 2024, the logistics industry embraced AI, automation, and resilience, navigating global trade shifts and technological advancements to balance efficiency with human expertise.
Welcome to Logistics Management
In its fiscal second quarter earnings announcement issued earlier today, Memphis-based global freight transportation and logistics services provider FedEx said that the company’s Board of Directors, following a review of the role of its less-than-truckload (LTL) subsidiary, FedEx Freight, in its portfolio, has elected to make a push to fully separate the …
Top Freight Forwarders 2024: Preparing for the upturn
To say business has been challenging for the freight forwarding sector just may be the understatement of the year. In 2023, forwarding markets slowed considerably due to a worldwide economic downturn and rising inflation, weakened consumer demand, continuing environmental concerns, and deepening geopolitical conflicts that created havoc on supply chains.
TFI International buys UPS Freight for $800 million, rebranding as ...
Jan 25, 2021 · UPS is selling its UPS Freight less-than-truckload (LTL) unit to TFI International Inc., a Canadian holding company that is parent to truckload giant CFI and other transport entities, for $800 million, subject to working capital and other adjustments. The company will rebrand as “TForce Freight” under Canadian ownership. The sale of UPS’s LTL and dedicated truckload units shakes up the ...
Move by FMC delays start of the Premier Alliance
Dec 11, 2024 · Earlier this month, the United States Federal Maritime Commission (FMC) said that the rollout of the Premier Alliance, a strategic partnership among global container shipping services providers Ocean Network Express, HMM, and Yang Ming Marine, will not go into effect as scheduled on Thursday, December 12.
DSV to acquire Panalpina for $4.6 billion, create a top 5 global 3PL
Apr 1, 2019 · The many moving parts that have been part of the interactions in recent months between Basel, Switzerland-based global 3PL and airfreight forwarder Panalpina by Hedehusene, Denmark-based global 3PL DSV, in regards to the latter’s pursuit of the former as an acquisition target, have taken yet another turn, with the companies announcing today …
Insider Q&A: Unlock Supply Chain Agility With Advanced TMS
The global supply chain management environment is a complex landscape marked by rapid technological change and shifting market demands. Digital transformation initiatives are proliferating and companies are harnessing the power of data analytics, artificial intelligence (AI), and machine learning (ML) to enhance visibility, optimize their …
Global Logistics: Challenges in our changing world
What a year. The COVID-19 pandemic set in and made a massive impact on global trade and amplified existing logistics challenges around the world; lockdowns triggered rapid growth in e-commerce, putting additional strain on already strained freight networks; and a last-minute Brexit deal was finally reached following a few chaotic weeks at the UK border.