#3pl-consolidation
(13 articles)Ceva Logistics Announces Major Restructuring With 10,000 Staff
Ceva Logistics, now operating under CMA CGM ownership, has announced yet another significant organizational restructuring affecting approximately 10,000 employees. This marks another chapter in the co
C.H. Robinson acquires RXO in $5.8B deal; Wall Street bullish
C.H. Robinson announced the acquisition of RXO, the third-largest 3PL in the U.S., in a cash-and-stock deal valued at approximately $5.8 billion, creating a combined entity with an enterprise value ex
Logistics Industry Consolidation: M&A Activity and Hiring Trends
The logistics industry continues to experience significant consolidation and workforce expansion through mergers, acquisitions, and targeted hiring initiatives. These strategic moves reflect industry
Shippers Consolidate 3PLs but Hesitate on 4PL Upgrade
The logistics industry faces a paradox: despite 88% of shippers reporting successful relationships with third-party logistics (3PL) providers, half are actively consolidating their 3PL portfolios. Thi
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