Topic
3pl
Logistics 3PL Stocks Tumble After Massive Texas Verdict Against C.H. Robinson
Investors sold off 3PL stocks on Friday after a Texas jury handed down a $604 million verdict against C.H. Robinson in a crash liability case. The decision, the first major test of a post-Montgomery ruling, raises questions about broker carrier-vetting standards and potential earnings impacts.
Supply Chain Private vs. Public: How ODW Logistics’ Long-Term Strategy Drives Growth in a Volatile Market
In a FreightWaves interview, ODW Logistics Chief Commercial Officer Paul Boothe discussed the company's private ownership advantage in pursuing long-term strategy and robust technology, the ArcBest-Molo acquisition and cultural integration, the automotive sector's post-COVID pivot, and the 'supercycle' in freight. Boothe highlighted the critical role of managed transportation partners in navigating complex supply chains.
Logistics Open Road Ventures Acquires 3PL Double-Stack
Open Road Ventures has acquired Double-Stack Logistics, an intermodal 3PL with a fleet of over 150 containers. This acquisition aims to expand Double-Stack's service offerings and North American presence.
Supply Chain Americold's Strategic Cost Reduction Amid Industry Challenges
Americold Realty Trust has launched a 'Fit for Purpose' initiative to reduce overhead by $25 million annually. This move comes as the cold storage sector faces challenges from food cost inflation and capacity overhang.