Kenco has acquired the 3PL business of Drexel Industries along with its four warehouse locations, enhancing its logistics network in North America. This acquisition will improve Kenco's service capabilities in Canada, providing clients with a wider range of logistics solutions and integrating 100 employees from Drexel.
A CBRE report reveals that e-commerce and logistics companies are the driving force behind the US industrial real estate leasing market, with significant growth in leased space. Third-party logistics (3PL) plays a crucial role in e-commerce development. The West Coast market experiences strong demand but faces supply constraints. Looking ahead, logistics real estate will evolve towards greater intelligence, sustainability, and globalization. This trend is expected to continue shaping the industry and driving innovation in warehouse and distribution solutions.
The 42nd Annual Quest for Quality Awards, published by Logistics Management Magazine, recognizes 160 outstanding logistics service providers. Based on customer evaluations, the awards assess transportation, 3PL, and port services, covering key metrics like on-time delivery, value, and technology. The results provide a valuable reference for companies seeking high-quality logistics partners and reflect industry trends towards digitalization, customization, and sustainability. The awards highlight companies excelling in meeting evolving customer needs and achieving operational excellence within the dynamic logistics landscape.
Kenco's acquisition of Drexel Industries' 3PL business aims to expand its Canadian operations, strengthen market competitiveness, broaden service offerings, and optimize its North American logistics network. This acquisition combines Kenco's technological strengths with Drexel's market experience, providing more comprehensive logistics solutions for both companies' customers. The deal reflects the ongoing consolidation trend within the third-party logistics industry, as companies seek to increase scale and efficiency through strategic partnerships and acquisitions to better serve the evolving needs of their clients.
In the current uncertain business environment, companies need to deepen their cooperation with third-party logistics (3PL) suppliers, transforming from simple transactions into strategic partnerships to achieve shared value and sustainable growth. Effective governance structures, performance management, real-time visibility, and joint innovation are key elements for success.
This article outlines the specific steps for selecting an excellent third-party logistics (3PL) provider, including involving professionals, gathering information, drafting RFI and RFP documents, and screening potential vendors. The aim is to assist companies in making more scientific and rational decisions to enhance logistics efficiency and cost-effectiveness.
This article reflects on the author's experience at the eyefortransport 3PL Summit, highlighting its value for logistics companies amid economic recovery. The summit offered insights into industry trends, networking opportunities, and best practice learning. It conveyed optimism and focused on key issues such as policy, mergers and acquisitions, energy, and technology. The summit provided strategic advice for businesses to seize growth opportunities. It emphasized the importance of adapting to changing market dynamics and leveraging innovative solutions to maintain a competitive edge in the evolving logistics landscape.
This article provides an in-depth analysis of Anne Reinke, President and CEO of the Transportation Intermediaries Association (TIA), on the current freight economy and brokerage market. It covers key issues such as the impact of the pandemic, capacity supply and demand, rate pricing, 3PL profits, and peak season expectations. The article also explores the role of TIA in industry development and its future prospects, offering insights for freight companies to address challenges and seize opportunities. It serves as a valuable resource for navigating the evolving landscape of freight transportation.
UPS Freight has launched a real-time tracking service for LTL (Less-Than-Truckload) pickups, significantly improving transparency in LTL transportation. This service includes pickup schedule confirmation, en-route driver notifications, and pickup completion confirmation. It benefits multi-location shippers, 3PL companies, and others by enhancing operational efficiency and reducing communication costs. This initiative propels the LTL industry towards greater transparency and efficiency, providing customers with more visibility and control over their shipments. Ultimately, it aims to streamline the LTL pickup process and improve the overall customer experience.
Armstrong & Associates' latest report provides an in-depth analysis of customer relationship trends in Third-Party Logistics (3PL). It reveals global and domestic market sizes, industry segment growth, service diversification applications, and regional market characteristics. The report emphasizes that companies should view 3PLs as strategic partners. By clearly defining needs, selecting suitable partners, establishing good communication, and conducting effective evaluations, businesses can build a more resilient supply chain and secure future success. This strategic approach is crucial for navigating evolving supply chain dynamics and achieving a competitive advantage.
