Latest news with #3PL
National Post
7 days ago
- Business
- National Post
CJ Logistics Makes Top 3PL & Cold Storage Providers List for 16th Straight Year
Article content DES PLAINES, Ill. — For the sixteenth year in a row, CJ Logistics America has been named to Food Logistics' annual Top 3PL & Cold Storage Providers list, which recognizes leaders in food and beverage supply chain management. Article content Article content CJ Logistics has extensive experience and expertise in the food and beverage space, having worked with dozens of manufacturers of various sizes in that sector for decades. The company has also made significant strides to expand its cold storage footprint. CJ Logistics opened a brand new, state-of-the-art frozen and refrigerated facility in Gainesville, Georgia, in November 2024, serving several large food producers. Another cold warehouse is currently under construction just outside of Kansas City and is set to open in Q3 2025, and more frozen and refrigerated storage sites are being targeted by the company in additional key markets throughout the United States. Article content 'We are honored that Food Logistics has named us to their list yet again this year,' said Kevin Coleman, CEO of CJ Logistics America. 'It's an award that recognizes the best of the best in this industry. I am proud and thankful for our employees who work every day to ensure we are delivering the best possible service to our customers. This award is a reflection of their commitment and exceptional capabilities.' Article content CJ Logistics America is a North American-based integrated supply chain service organization with operations in the United States, Mexico, and Canada. The company offers warehousing, transportation, and freight forwarding services for all temperature classes (ambient, temperature-controlled, and frozen). CJ Logistics' customer-centric philosophy ensures that all solutions are tailored to meet clients' specific goals and objectives. Article content Food Logistics reaches more than 26,000 supply chain executives in the global food and beverage industries, including executives in the food sector (growers, producers, manufacturers, wholesalers and grocers) and the logistics section (transportation, warehousing, distribution, software and technology) who share a mutual interest in the operations and business aspects of the global cold food supply chain. Food Logistics also operates SCN Summit and Women in Supply Chain Forum. Go to to learn more. Article content Article content Article content Article content Article content Article content
Yahoo
23-05-2025
- Business
- Yahoo
3PL focused on events, luxury goods changes private equity hands
Private equity firm Providence Equity Partners has acquired a controlling interest in Global Critical Logistics (GCL). New York-based GCL specializes in arranging freight transportation for live events (concerts and sports) as well as fine art and luxury cars for shows and auctions. The 3PL's mission-critical, high-service brands include Rock-it Cargo, DIETL, CARS, SOS Global and Dynamic International. The company also secures and stores high-end items. GCL executes more than 10,000 projects globally each year out of a network of over 60 offices. Financial terms of the transaction were not provided, but The Wall Street Journal said the deal totaled more than $1 billion.'Providence's commitment validates our customer focus and growth strategy and will expand our capabilities further in the years ahead,' said GCL President and CEO Daniel Rosenthal in a news release. 'The Providence team's proven track record and depth of relationships in our end markets make them the ideal partner for the next chapter of serving our customers.' Providence replaces ATL Partners as GCL's majority shareholder. ATL Partners was the company's primary backer for the past seven years and will retain a minority stake in GCL. Rosenthal will continue in his current role with the company. 'For nearly 50 years, GCL has earned the trust of the world's biggest names in the live events sector and established a leading position in all of the end markets it serves,' said Scott Marimow, managing director at Providence. 'We have a deep appreciation for and understanding of the business, especially given our long history of investing in entertainment and sports.'Jefferies, J.P. Morgan, and Moelis & Co. served as financial advisers to GCL. Harris Williams served as Providence's financial adviser. More FreightWaves articles by Todd Maiden: Truckload spot rates to continue upward trend, RXO says Activist investor pushes Forward Air to execute 'value-maximizing sale' FedEx taps leaders from within for LTL spinoff, to Wall Street's dismay The post 3PL focused on events, luxury goods changes private equity hands appeared first on FreightWaves.
Yahoo
23-05-2025
- Business
- Yahoo
Chain Reaction: NuVizz CEO Guru Rao on Surviving Disruption with Smarter Delivery Tech
Chain Reaction is Sourcing Journal's discussion series with industry executives to get their take on today's logistics challenges and learn about ways their company is working to keep the flow of goods moving. Here, Guru Rao, CEO of NuVizz, discusses how the delivery and transportation platform provides its partners with a comprehensive toolkit to handle today's challenges—like tariffs and policy shifts—while improving efficiency and why companies should focus on the final mile. Name: Guru Rao More from Sourcing Journal Shopline Partners With Amazon to Add Buy With Prime for Merchants Exclusive: Female-Founded Supplier Relationship Management Platform Secures $6M Exclusive: Naurt's Last 100 Meters Tech Now Available in US Title: CEO Company: NuVizz What industries do you primarily serve? From the first mile to the last mile—and everything in between—we're trailblazers in supply chain optimization and digitization. Infinitely flexible, NuVizz drives visibility, control, cost savings and a better customer experience across the fulfillment lifecycle. We serve a wide range of industries that rely on efficient, time-sensitive logistics. These include shippers, carriers, freight forwarders, third-party logistic (3PL) delivery providers and businesses involved in auto parts, furniture, appliance and retail and e-commerce delivery. What are the main things brands could do right now that would immediately improve logistics? Those aiming to immediately improve logistics should pay particular attention to the final mile of their delivery leg. This stage—where goods reach customers—is arguably the most complex and cost intensive. However, significant improvements can be achieved by leveraging robust tools and strategies. One crucial step is implementing advanced route optimization and freight visibility tools. These solutions can reduce delivery times, minimize fuel consumption and enhance overall efficiency. Meanwhile, real-time tracking and communication systems empower logistics teams and customers with greater visibility into shipment progress. This fosters transparency and enables proactive problem-solving when disruptions occur. Multi-modal delivery options should also not be overlooked. They provide the flexibility necessary to scale operations and fulfill orders even during demand surges, like holiday seasons or sudden spikes in e-commerce orders. Lastly, brands must center their strategies on the customer experience. Features such as precise delivery windows, live updates and seamless communication channels create a frictionless last-mile experience, meeting the heightened expectations of today's direct-to-consumer landscape. What can brands do to make better use of technology to improve logistics? In a much-fragmented logistics space, transparency is the key in creating overall efficiency across the network, ultimately benefiting the end customers. Companies should embrace network-enabled platforms that create transparency and help [them] move faster. As disruptions are the new norm, companies should look beyond operational efficiencies, evaluate scenario planning and create a holistic solution that helps in being more resilient. To better leverage technology and improve logistics, companies need to work with flexible tech integrators that align with their current technological capabilities. The reality is that many businesses still rely heavily on legacy systems as the backbone of their operations. While modern systems offer considerable advantages, a complete rip-and-replace approach can be risky, costly and disruptive. Instead, companies should focus on phased and integrated execution strategies. Working with tech providers—whether delivering transportation management systems (TMS) or specialized point solutions—can ease the transition into modernized logistics. These partners enable businesses to introduce new features gradually, ensuring minimal disruption. Additionally, adaptable technology providers should offer scalability and customization, which allows brands to grow while leveraging increasingly sophisticated automation and analytics tools. By investing in the right technology partners, businesses can achieve immediate enhancements in efficiency, cost management and customer satisfaction, while preparing for long-term competitiveness in the rapidly evolving logistics landscape. What areas of logistics aren't receiving the industry attention they deserve? Last-mile fulfillment and logistics continue to be vastly underserved despite being one of the most expensive segments of the supply chain. With growing direct-to-consumer expectations, shorter delivery timeframes and increasingly complex delivery requirements, optimizing the final mile is essential. Yet, this is often overlooked in favor of broader supply chain processes. Similarly, the environmental impact of logistics has yet to gain the widespread attention it warrants, particularly considering the rising emphasis on corporate sustainability. By prioritizing these areas, the industry can unlock significant potential for cost savings, service improvements and environmental benefits. Are you optimistic about the state of supply chains in the next few years? The freight recession is a well-known challenge, but the supply chain industry has proven its resilience time and again. While global uncertainties such as legislation, tariffs and policy shifts create temporary turbulence, the industry has adapted to major disruptions in the past. With increased stability and a clearer understanding of global trade rules, supply chains will not only recover but thrive. Technological advancements—particularly in the realms of artificial intelligence (AI) and automation—will drive efficiency, reduce costs and enhance reliability. And as sustainability becomes a top priority, companies will innovate to align with consumer and regulatory expectations. Overall, the outlook for supply chains remains sunny. While today's challenges won't disappear overnight, the industry's adaptability and ingenuity mean it's well-equipped to weather the current storms and emerge stronger for years to come. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
22-05-2025
- Business
- Yahoo
Truckload spot rates to continue upward trend, RXO says
The overall trajectory for truckload spot rates remains 'inflationary,' but trade policy presents a significant wild card, according to a report issued by freight broker RXO on Thursday. The Charlotte, North Carolina-based company's Curve quarterly forecast said the TL market 'has remained relatively calm' with spot rates continuing to step higher despite disruption from rapidly changing tariff policies. A trend – largely in place since 2023 – of soft freight demand, reductions in carrier capacity and stable rates continued in the first quarter. RXO's (NYSE: RXO) data showed TL spot rates (excluding fuel) were up 9.1% year over year in the first quarter, which compared to an 11.6% growth rate during the fourth quarter. The company's all-in spot rate index, which includes fuel, also increased slightly again in the first quarter as it did in the fourth. The data showed contractual rates increased 1.4% y/y in the first quarter – the first y/y increase since the end of 3PL classified the first quarter as 'still primarily a shippers' market' as 'carriers remained under significant cost pressure, while shippers enjoyed relatively high tender acceptance rates, easy capacity and slight rate decreases in their RFPs.' RXO is the third-largest TL broker in North America following its acquisition of Coyote Logistics last year. 'We're as close to equilibrium, in terms of carrier supply and shipper demand, as we've been in over two years,' the update said. 'Relatively speaking, the capacity situation is much more fragile than at this time last year. With a continued difficult landscape for carriers, and (in many cases) decreasing 2025 contract rates setting in, it could set the stage for volatility later in 2025.' Market tightening during the fourth quarter held into January before unwinding in February and March as tariff rhetoric accelerated. RXO pointed to an 11-week period on the platform at the end of last year when spot rates were at a premium to contract rates, which is typically a sign of recovery. However, into the second quarter, it said spot rates are at a 5% to 8% discount to contract doesn't believe the step down in the y/y spot rate increases during the first quarter is a sign the TL market is weakening, noting significant cost pressures on carriers. It said the average cost to operate a truck is 34% higher over the past decade but absolute spot rates are largely the same as they were in 2014. 'Though the spot market has receded since January, it did the same thing in 2024, then continued to build momentum (albeit gradually) throughout the rest of the year,' the update said. 'Simply put, it is difficult for freight rates to drop materially, as many carriers have been running with unsustainable unit economics.' RXO doesn't expect a material ramp in rates during the second quarter as the spot market hasn't held the increases from one-off seasonal or weather events in recent months like it typically would at the start of a material upcycle. 'Q2 will not likely feel like a dramatically different operating environment, but we are in a changing marketplace that may set us up for a more meaningful flip later in the year,' the report continued. 'The severity of an inflationary spike in freight rates largely depends on tariffs and how shippers and carriers respond.' RXO said spot rates are expected to continue to increase in the second quarter even as imports and industrial production are receding. A typical seasonal lift for the quarter is still expected 'especially if there is some stabilization in trade policy (i.e., reduction or removal of tariffs).' The broader trend for 2025 calls for more carrier exits ('despite a couple of atypical months of operating authority growth in March and April') and high carrier operating costs to keep upward pressure on rates. RXO also pointed to a chance for a more material uptick in rates if trade tensions calm ahead of peak season and if carrier exits become more pronounced. That scenario would likely mean 'contract rates and routing guides set in the softer market of 2024 may not survive a tighter market late in 2025, when the spot market will likely become more lucrative than the contract market.' 'All that said, while we are in an inflationary rate environment, we don't anticipate the sort of extreme conditions we experienced in the last inflationary market in 2020 and 2021.'More FreightWaves articles by Todd Maiden: Activist investor pushes Forward Air to execute 'value-maximizing sale' FedEx taps leaders from within for LTL spinoff, to Wall Street's dismay April sees mixed freight trends on path to recovery The post Truckload spot rates to continue upward trend, RXO says appeared first on FreightWaves. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Harvard Business Review
14-05-2025
- Business
- Harvard Business Review
A Lesson on Balancing Scaling with Stability
Details Transcript In late 2013, Ryan Cohen, cofounder and then-CEO of online pet products retailer was facing a decision that could determine his company's future. Should he stay with a third-party logistics provider (3PL) for all of e-commerce fulfillment or take that function in house? Cohen worried that the company's current 3PL may not be able to scale with projected growth or maintain the company's performance standards for service quality and fulfillment. But neither he nor his cofounders had experience managing logistics, and the company's board members were pressuring him to leave order fulfillment to the 3PL. What should Cohen do? Harvard Business School senior lecturer Jeffrey Rayport discusses the options in his case, ' (A).' Key episode topics include: strategy, supply chain management, operations management, growth strategy, operations strategy HBR On Strategy curates the best conversations and case studies with the world's top business and management experts, to help you unlock new ways of doing business. New episodes every week.
