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Private-Equity Firms Buy Trucking Freight Services Companies – WSJ – By Jennifer Smith

By / 2020-09-13

By Jennifer Smith Private-equity firms bought two big freight-services providers in separate deals announced Wednesday, the latest in a string of investments in businesses that help manage the flow of goods through supply chains. Iconiq Capital LLC acquired a majority stake in Internet Truckstop Group LLC, whose Truckstop.com online freight marketplace connects shippers with available …

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GlobalTranz’s Krug and Farrell on 2019: “lots of acquisitions in the pipeline”

By / 2020-09-13

GlobalTranz’s leadership in transition. ( Photo: GlobalTranz ) GlobalTranz, a top 10 3PL, announced this week that Chief Executive Officer Bob Farrell would transition to Executive Chairman and that Chief Financial Officer Renee Krug would become GlobalTranz’s new CEO. FreightWaves spoke to Farrell and Krug about GlobalTranz’s exponential growth over the past three years, its …

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Chaos is good for third-party logistics providers – FreightWaves – Chris Dupin

By / 2020-09-13

It’s a good time for 3PLs when capacity is tight and supply chains are speeding up.    The global third-party logistics market is on track to exceed $1.1 trillion in 2022. That’s 10 percent of global logistics costs, according to consultants Armstrong & Associates, and a leap from the $802 billion recorded in 2016.   Armstrong …

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