#3pl-consolidation
(13 articles)Broker Insurance Costs Triple Post-Montgomery: Industry Consolidation Looms
The freight brokerage industry faces a structural crisis in insurance costs following the May 2024 Montgomery Supreme Court decision, which eliminated liability protections that brokers had relied upo
CMA CGM, CEVA Lead European Logistics M&A Buying Spree
Europe's logistics sector is experiencing a significant consolidation wave, with industry heavyweights CMA CGM, CEVA, and FM Logistic leading an aggressive acquisition strategy. This M&A activity refl
CMA CGM-FedEx $1.4B Deal: What It Means for 3PL Market
CMA CGM's acquisition of FedEx Supply Chain in a $1.4 billion enterprise-value deal represents a pivotal moment for the global third-party logistics (3PL) market. The transaction consolidates two majo
CMA CGM acquires FedEx Supply Chain for $1.4B
CMA CGM Group, the world's third-largest container shipping operator, has acquired FedEx Supply Chain for $1.4 billion, marking a significant consolidation in the North American third-party logistics
FedEx Sells CEVA to CMA CGM for $1.4B in Major 3PL Consolidation
FedEx has divested its CEVA Logistics supply chain unit to ocean and container shipping giant CMA CGM for $1.4 billion, marking a significant consolidation in the third-party logistics (3PL) market. T
CMA CGM Buys FedEx Supply Chain Unit for $1.4B
FedEx has agreed to sell its supply chain solutions unit to CMA CGM for $1.4 billion, marking a significant reshaping of the third-party logistics (3PL) landscape in North America. This transaction su
CMA CGM to Acquire FedEx Supply Chain for $1.4B
CMA CGM's acquisition of FedEx Supply Chain for $1.4 billion represents a transformational move for the French container shipping giant into integrated North American logistics services. This deal sig
CMA CGM Acquires FedEx Supply Chain for $1.4B
CMA CGM, the world's third-largest container shipping line, is acquiring FedEx Supply Chain for $1.4 billion, marking a transformative expansion into comprehensive 3PL services. This strategic acquisi
CMA CGM to Acquire FedEx Logistics to Stabilize Struggling Ceva
CMA CGM is reportedly poised to acquire FedEx Logistics as a strategic move to strengthen its struggling Ceva contract logistics subsidiary. This acquisition signals growing consolidation within the t
DSV Loses Ex-Schenker Executive in Road Division Shake-Up
DSV has experienced the departure of Helmut Schweighofer, a senior executive from the former Schenker acquisition, who was leading the restructuring of DSV Road. This latest departure signals ongoing
CH Robinson slashes 31% workforce amid AI automation wave
CH Robinson has undergone a dramatic 31% workforce reduction, cutting employment from a 2022 peak of 17,399 to approximately 11,855 by early 2026. This contraction reflects a combination of AI-driven
PE Firm Open Road Ventures Acquires Intermodal 3PL Double-Stack
Open Road Ventures has completed an acquisition of Double-Stack, an intermodal third-party logistics provider, marking another significant private equity move in the logistics consolidation wave. This
PE Firm Acquires Intermodal 3PL Double-Stack in First Deal
Open Road Ventures, a middle-market private equity firm focused on freight brokers, has completed its inaugural acquisition by purchasing Double-Stack Logistics, an asset-backed intermodal 3PL with di