In a strong freight market and tight capacity environment, the largest freight brokerage firms in North America were able to grow their businesses by significant margins in 2021 as they worked to solve shippers’ transportation challenges. Other sectors were also filled with noteworthy performers.
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Three experts from Transport Enterprise Leasing discuss strategies for buying and selling trucks amid regulatory shifts, trade tensions and economic uncertainty.
High Demand Drives 3PLs to Best Growth Year on Record
Strong consumer demand, continued supply chain bottlenecks and tight carrier capacity sent air, ground and ocean transportation rates soaring to historic levels in 2021 as shippers leaned on third-party logistics providers to bolster inventories and avoid product stockouts.
April 8, 2022Expanded List of Top 100 3PLs Reflects Ever-Changing Logistics Landscape
As the 3PL industry continues to grow, so, too, does Transport Topics' annual ranking of the largest logistics companies in North America, this year expanding from 50 to 100 companies.
April 8, 2022Trying Times Give 3PLs an Opportunity to Prove Their Worth
The past two years have been difficult ones for shippers to move their freight. But times like these are when logistics providers can most clearly demonstrate the value they bring to their business partners.
April 8, 2022Rising Fuel Costs Slow Spot Rate Descent
The rise in fuel prices is slowing a decline in spot rates while also potentially suppressing base revenue for some carriers, experts said.
March 31, 2022Port Leaders Say They're Ready to Spend Infrastructure Funds
With the largest infusion of direct federal infrastructure spending set to begin, port leaders from around the country say they’re ready to begin rebuilding and upgrading their facilities to keep up with a record number of cargo containers moving through ports.
March 31, 2022DeJoy Says He’s Been Cleared in Federal Probe
WASHINGTON — Postmaster General Louis DeJoy said March 31 that the Justice Department has closed without criminal charges an investigation into political fundraising activity at his former business.
March 31, 2022Trucking Companies Bet on Intermodal Growth
J.B. Hunt, Knight-Swift and Schneider are among the motor carriers expanding their intermodal operations for new avenues for growth.
March 31, 2022GrubHub, Uber Fail to Get Price-Fixing Suit Dismissed
GrubHub Inc., Postmates Inc. and Uber Technologies Inc. must face a lawsuit alleging their delivery fees result in higher prices even for New York diners not using those apps.
March 30, 2022FedEx Partners With Elroy Air to Test Pilotless Package Drone
FedEx Corp. is partnering with Elroy Air, a startup that makes a large cargo drone, to test moving packages by air with no pilot on board.
March 30, 2022