Damco to launch returns service for Asia-Pacific e-commerce

While the continued growth in e-commerce demand that surrounds Chinese giants like Alibaba and JD.com may evoke dollar signs in the eyes of interested parties, there is one major caveat associated with the industry: the rate of returns demanded by customers. In response, international freight forwarder Damco revealed plans today to offer a service that […]

K+N opens first Logistics Control Center in North Asia-Pacific region

Kuehne + Nagel’s (K+N) first regional Logistics Control Center for Integrated Logistics in North Asia-Pacific, located in Shanghai, is up and running as of this week, managing and fulfilling customers’ orders across the logistics company’s international supply chain operations. The new center has dedicated teams on site to handle contract and transportation management, including logistics […]

Top 4 forwarders that may be ripe for M&A activity in 2018

Although mergers and acquisitions (M&A) in the 3PL community so far in 2017 were not quite as numerous as they were in 2016, many airfreight industry analysts say the current boom times for air cargo should make 2018 another banner year for consolidation in the still fragmented freight forwarding business. Just two months ago the […]

3PL revenues on track to hit $1.1 trillion by 2022

A report released by Armstrong & Associates shows e-commerce and outsourcing fueling demand for third-party logistics (3PL) services, driving 3PL revenues to over US$1.1 Trillion by 2022. In 2016, the global 3PL market reached $802 billion. Armstrong & Associates research found that global logistics costs were $8.2 trillion in 2016, with the firm predicting that […]

‘Third-Party Logistics Study’ points to blockchain, automation

The “2018 22nd Annual Third-Party Logistics Study” is out, with the message that the greater availability of data and the ability to make real-time decisions are encouraging collaboration between shippers and 3PLs, when it comes to making supply-chain decisions. “Shippers have greater expectations of what they want their logistics providers to accomplish, and the proper […]

Milgram & Co. acquisition bolsters C.H. Robinson’s Canada capabilities

The intensive period of mergers and acquisitions (M&A) activities in the logistics sector was supposed to have slowed down this year, but C.H. Robinson has bucked the trend by acquiring Canadian freight forwarder Milgram & Co., bolstering its regional freight forwarding, customs brokerage and surface transportation capabilities. The US$50 million acquisition is the Minnesota-based 3PL’s […]

Kerry rides global trade resurgence to high revenues, market expansion

A remarkable increase in turnover at Kerry Logistics, up 31 percent to US$1.75 billion in the first half of 2017, presents further evidence that global trade has overwhelmed protectionist sentiments that dominated headlines last year. “The world economy gradually stabilized, with cyclical recovery starting from Q2,” said William Ma, group managing director of Kerry Logistics. […]

Profits fall at Panalpina as shippers balk at higher rates

Panalpina did its best to present its lackluster second-quarter results as upbeat, but the Swiss logistics company is running up against shipper’s reluctance to pay higher rates, which pushing down yields. The company reported first-half gross profit down 9 percent, at US$707 million. Citing higher freight rates and ongoing margin pressure as evidence of a […]

Teknowlogi launches AI decision-making platform for logistics industry

Logistics technology provider Teknowlogi launched its Logistics Expert System (LES), a logistics supply chain analytics platform, that uses artificial intelligence (AI) decision-making technology that has already been deployed in medical diagnosis and stock trading. The U.S.-based company’s LES is a software as a service (SaaS) that combines transportation management systems (TMS), mobile intelligence, integration intelligence, […]

Armstrong’s 3PL report calls 2016 ‘mediocre’ for U.S. airfreight

While the third-party logistics (3PL) market had a “mediocre” year in the United States, global 3PL revenues reached US$802 billion in 2016 and are on track to exceed $962 billion in 2020, according to the latest 3PL report by market research firm, Armstrong & Associates. The report, titled “Third-Party Logistics Market Results and Trends for […]

SEKO to open ‘hybrid’ logistics center in U.K.

To help serve a rising demand for e-commerce services in the central U.K. region, SEKO Logistics said it will expand services at its current fulfillment center in the town of Milton Keynes. Chicago-based SEKO Logistics, which has 120 locations in more than 40 countries, offers what it calls a “hybrid” category of 3PL services, which […]

Data-driven shipper-3PL relationships add value to supply chains

In the modern supply chain, where fluctuating capacity, increased shipper demands and hard-to-predict disruptions create a volatile decision-making environment, shippers and third-party logistics providers (3PLs) are increasingly using analytics to improve efficiency, according to the results of the “2017 Third-Party Logistics Study,” which was released this morning at the Council of Supply Chain Management Professionals […]

Crossing the Line: Will cross-border regulations trip up China?

Powdered milk is a phenomenally popular product in China. Numerous scandals involving contaminated domestic milk, a shortage of dairy cows and a general admiration for imported products have made milk powder a commonly found commodity in the e-shopping carts of Chinese consumers. In fact, for one Australian milk cooperative, China has been seen as the […]
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