3PL

During this podcast, Nightingale provided a detailed overview of the new Cowen/AFS Freight Index report and variuous market issues.

The new "State of Transportation" report reveals volatile weather, sustainability, and other factors are impacting overall performance.

Peerless Research Group released its 40th annual salary survey of supply chain professionals. Check out all the findings--and a few surprises.

From ever-increasing customer demands to increased operating and finance costs to delivering against the sustainability targets set by the C-suite, the need to go deeper with your third-party logistics provider is not only needed, but necessary to survive in the world of uncertainty in which we all live.

Digitalization is already delivering significant advances in productivity, speed and visibility to supply chain operations. Orchestration promises to build on and amplify those benefits.

Themes focused on over the course of this podcast included: the state of the market; ways in which the pandemic affected 3PL operations; M&A; how 3PLs are adjusting to and leveraging nearshoring; and the economy, among other topics. 

Clark joined the PLA leadership team in 2022 when Propak, the supply chain services company he founded in 1999, was acquired by PLA.

The pending acquisition of Chippenham, UK-based Wincanton, a supply chain solutions services provider across myriad vertical markets, by Greenwich, Conn.-based global contract logistics services provider GXO Logistics appears to remain on track, according to a “scheme of arrangement” recently issued by Wincanton.

Challenging market conditions on various fronts, for freight transportation brokers and intermediaries, were the main themes of the new edition of the “3PL Market Report Fourth Quarter 2023, which was issued this week by the Alexandria, Va.-based Transportation Intermediaries Association (TIA).

The company said that this business unit now has more than $200 million euro ($218.2 million USD) in freight under management and is on track for $2 billion ($2.18 billion USD) by 2028.

In this podcast, Jeff Berman, Group News Editor for Logistics Management and the Peerless Media Supply Chain Group interviews Evan Armstrong, President of Brookfield, Wisc.-based supply chain consultancy Armstrong & Associates.

Following a previous announcement that Greenwich, Conn.-based global contract logistics services provider GXO Logistics made a $965 million cash offer to acquire Chippenham, UK-based Wincanton, a supply chain solutions services provider across myriad vertical markets, it appears that Wincanton is receptive to the offer.

Greenwich, Conn.-based global contract logistics services provider GXO Logistics said earlier today it has made an offer to acquire Chippenham, UK-based Wincanton, a supply chain solutions services provider across myriad vertical markets. GXO said it has made a $965 million cash offer for Wincanton.

Total estimated 2023 global 3PL market revenue was off 18.5% annually, coming in at $1.2 trillion. But even with that decline, the firm observed that this tally still represented a 25.3% increase, when compared to pre-pandemic 2019.

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