3PL

Caines will have full operating responsibility for Kenco Logistic Services, LLC (KLS) and Kenco Transportation Services, LLC (KTS).

News that the U.S. and Mexican governments have finally inked a Memorandum of Understanding on a new cross-border trucking program will be good for American shippers and, more importantly, save American honor on a promise made and kept.

According to the report, total dollars billed in the first quarter for all study participants—at roughly $1.8 billion—was up 17.1 percent compared to the first quarter of 2010.

The report stated that Deutsche Bahn management is considering restructuring Schenker’s U.S. business but added a withdrawal is more possible. And it added that Schenker management was due to deliver a business update by mid July and Deutsche Bahn executives plan to take a decision on the future of its U.S. business by the end of the year, possibly as early as August.

Last week, I told you I was heading to Atlanta soon for the eyefortransport 3PL Summit. Well, I am back now and I can tell you this: it was worth the trip.

Given the uncertain economic environment raising its head in the last few weeks, it looks like now may be a good time to hit the road. And that is exactly what I am doing tomorrow, when I push off to Atlanta for the 9th annual eyefortransport 3PL Summit.

Business logistics costs rose 10.4 percent last year, totaling $1.21 trillion, which is about what American businesses paid for freight transport in 2010, according to the authoritative 22nd annual State of Logistics report released Wednesday.

As she prepares her 22nd annual “State of Logistics” report, supply chain expert, Rosalyn Wilson, provided an exclusive forecast for the third-party logistics sector with Supply Chain Management Review -- LM's sister publication.

Freight transportation and logistics services provider Averitt Express said this week it is expanding its Lexington, Ky.- and Cincinnati, Ohio-based warehouse operations in an effort to meet shipper needs for flexible shared warehouse space.

Non asset-based third-party logistics services provider Roadrunner Transportation Services (RRTS) said this week it has acquired all of the outstanding stock of Wichita, Kansas-based truckload services provider Bruenger Trucking Company. The sale price, according to Roadrunner officials, was roughly $10.6 million, coupled with an earn-out capped at $3 million.

Less than three months after acquiring World Warehouse and Distribution, Cherry Hill, New Jersey-based NFI, an asset-based third-party logistics (3PL) services provider said this week it has brought Maersk subsidiary the Gilbert Company into the fold.

According to all reports, the third-party logistics industry is surging again, but experts agree that growth will reach a plateau in the coming years due to a number of looming economic uncertainties. Here’s an overview of how the market is currently shaping up.

Non asset-based third-party logistics (3PL) services provider UTi Worldwide (UTIW) said this week it has introduced a U.S.-Mexico cross-border service in an effort to “simplify and speed trade across the U.S. and Mexico borders.”

Overall, 3PL U.S. gross revenues jumped 18.9 percent in 2010 to $127.3 billion slightly exceeding the 2008 market result.

Third-party logistics providers are growing at multiples of Gross Domestic Product, and should be able to sustain this pace through 2011, said a prominent industry analyst.