Warehousing

Second quarter revenue rose 19% annually to $2.8 billion, for a new company record. And the company reported a 12% gain in organic growth.

The report, entitled “Divergence—Latest Third-Party Logistics Market Results and Outlook,” said that U.S. 3PL Market net revenues, which Armstrong defines as gross revenues less purchased transportation, fell 12.8%, from 2022 to 2023, to $129 billion, with overall gross revenues down 26.1% annually, and total U.S. 3PL Market revenue coming in at $299.5 billion, for 2023.

A GXO spokesman told LM that this new partnership between GXO and Apptronik is about advancing humanoid automation to meet the demands of today’s supply chain, adding that advanced automation makes distribution center operations faster and more efficient for customers and creates new opportunities for people while enhancing safety.

enVista assisted a major client in streamlining operations by following a blueprint to success.

The proposed legislation aims to regulate the use of productivity quotas and improve safety for workers.

The acquisition of Chippenham, UK-based Wincanton, a supply chain solutions services provider across myriad vertical markets, by Greenwich, Conn.-based global contract logistics services provider GXO Logistics, has gone from pending to completed, GXO announced today.

Modex just keeps getting bigger and bigger every year, and 2024 is no exception.

Company officials said that this new facility is a full-service operation where the company processes shipments and directly serves customers at its new retail ServicePoint counter. And they added that the $7.3 million facility also increases shipment capacity and also enables faster processing, which results in faster pickup cutoff times for Eastern Virginia-based shippers.

Total estimated 2023 global 3PL market revenue was off 18.5% annually, coming in at $1.2 trillion. But even with that decline, the firm observed that this tally still represented a 25.3% increase, when compared to pre-pandemic 2019.

Bain & Company’s Dheera Anand explains why changing the mindset around supply chain is a key to market growth.

CBRE reported that the largest 100 industrial lease transactions in 2023 included 43 deals for 1 million square-feet (MSF) or more, which the firm describes as “megawarehouses.” This fell short of 2022’s record-high 63 deals and 2021’s strong 57 deals tally.  The average size of the top 100 leases came in at 986,744 square-feet, down from 2023’s record 1.07 MSF and the previous record set in 2021, at 1.05 MSF.

Conference to feature more than 1,100 exhibitors, 165 sessions and keynotes from Jeremy Renner, AI expert Gerd Leonhard and UPS’s Bill Seward.

The 3PL’s new facility in Asheville, Ohio, is a showcase for next-generation technologies, including robotics and automated packaging.

This new Bangor facility will extend access to Pyle’s LTL, warehouse and distribution and dedicated freight capabilities, in turn providing the company with the ability to serve more customers in the Bangor area. In tandem with its Portland, Maine-based LTL service center, the addition of this facility enables A. Duie Pyle to provide more comprehensive, full-service center coverage throughout Maine, the company said.

Kenco officials said that this deal augments the company’s service portfolio in various ways, including: increased capacity, broader geographic reach, and an expanded suite of services for the benefit of customers.