The recent acquisition of GLS Group's U.S. less-than-truckload (LTL) and brokerage operations by DC Logistics marks a significant shift in the American logistics landscape. Set to close on September 1, 2024, this transaction aims to enhance DC Logistics' position in the U.S. LTL market.
NOVA Infrastructure, a prominent middle-market infrastructure private equity firm, has revealed the sale of Bold Holdco, LLC to a group of institutional investors advised by J.P. Morgan Global Alternatives’ Global Transportation Group. Bold Ocean, headquartered in Annapolis, MD, is renowned for its
The logistics industry is witnessing a significant transformation with Diverse Logistics Holdings' recent acquisition of TCA Logistics Corp. Diverse Logistics Holdings, a prominent third-party logistics firm, specializes in the delivery and installation of bulky items such as mattresses and
Averitt Express has been recognized as one of Inbound Logistics' 2024 Top 100 Third-Party Logistics Providers. The publication's annual 3PL edition emphasizes the necessity for scalable and reliable partnerships to fuel business growth. Averitt's strong inclusion speaks volumes of
The secure logistics market, which ensures the safe transportation and storage of valuable goods, is projected to see significant growth from USD 81.68 billion in 2023 to USD 182.98 billion by 2033. This substantial expansion is fueled by technological advancements, increasing security concerns,
The recent expansion of the partnership between logistics solutions provider OneStop and freight specialist Intermodal Group (IMG) marks a significant development at the newly operational Kenwick Intermodal Terminal (IMT) in Western Australia. IMG has implemented OneStop’s Vehicle Booking System (
The international logistics firm Seko Logistics has taken legal action against U.S. Customs and Border Protection (CBP), even after being conditionally reinstated into key trade programs. This legal battle underscores significant issues regarding administrative transparency and due process in
In 2024 the supply chain landscape is poised for a dynamic transformation driven by rapid advancements in digital technology. The article from KPMG highlights the essential need for organizations to embrace these innovations to build more efficient, transparent, and resilient supply chains. Common
Recent developments in e-commerce have highlighted a concerning issue: the increasing prevalence of return policy abuse and fraud, which undermines the integrity of online shopping. A survey by Loop Returns shed light on this growing problem, revealing that nearly 39% of surveyed U.S. consumers who
Amazon's updated return policy for 2024 reflects a strategic shift aimed at addressing pervasive return fraud, enhancing quality control, and balancing the interests of both customers and sellers. This comprehensive reform targets the loopholes exploited under the previous policy and seeks to
