4PL

The company said that this business unit now has more than $200 million euro ($218.2 million USD) in freight under management and is on track for $2 billion ($2.18 billion USD) by 2028.

Chicago-based 4PL and logistics platform services provider Redwood Logistics said this week it has acquired Dubuque, IA-based Rockfarm Supply Chain Solutions and Global Distribution and Logistics, a tech-enabled transportation logistics company, focusing on flexible, customer-driven service. A purchase price was not disclosed, but Redwood officials said that with Rockfarm in the fold that Redwood now represents a combined $5.5 billion in total platform freight under management between its 3PL and 4PL services.

After years of writing about supply chains, Tompkins is building out an ambitious e-fulfillment network for retailers and e-tailers.