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.
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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 …
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 …
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 ...
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.
In stalled ILA-USMX negotiations, automation dispute threatens …
Dec 5, 2024 · While negotiations between the International Longshoremen’s Association (ILA) and the United States Maritime Alliance (USMX) did not go as planned last month, with four days of scheduled meetings coming to an end after nearly two days, that has not stopped the parties from making their respective cases, in regards to their specific needs for a new Master Contract.
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.
Warehouse Operations Trends 2024 - Logistics Management
Dec 12, 2024 · The annual Warehouse Operations Trends Survey highlights the growing challenges of meeting speed and accuracy demands in warehouse operations amidst labor shortages and rising expectations driven by e-commerce and omni-channel pressures.
November Logistics Manager’s Index shows continued growth, …
Dec 4, 2024 · The November LMI score came in at 58.4, which is off 0.5% from October’s 58.9, the fastest monthly rate of expansion going back to September 2022—and the 12th month of expansion since a 49.4 reading in November 2023. The September LMI score was 58.6, with growth over the last three months viewed as “highly consistent,” the report stated.
November manufacturing output heads up but falls short of …
Dec 2, 2024 · November brought another month of manufacturing contraction, while at a slightly reduced rate than October, according to the new edition of the Manufacturing Report on Business, which was issued today by the Institute for Supply Management (ISM).. The report’s benchmark reading, the PMI, at 48.4 (a reading of 50 or higher indicates growth), increased 1.9% over October's 46.5, its lowest ...