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This Week in Logistics News (January 8 – 14)

Logistics Viewpoints

billion investment in electric vehicles and new software over the next four years in an effort to shift away from internal combustion engines. Amazon will be the first commercial customer of the upcoming all-electric van as part of a broader partnership announcement focused on software development and in-vehicle technology.

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Top 25 3PL warehousing companies in 2020 (by revenue)

6 River Systems

Revenue: $69.217 billion (12 months ending May 31, 2020), $69.693 billion (2019) Headquarters: Memphis, Tennessee, USA CEO: Frederick W. The company has operations in more than 40 countries and specializes in integrating different modes of transport in logistics solutions. Kuehne + Nagel Inc. Kuehne + Nagel Inc.

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Hub Group acquires Exel Transportation Services

Supply Chain Network

(NASDAQ: HUBG), one of the nation’s leading freight transportation management companies, announced today that it purchased Exel Transportation Services (ETS) for $83 million before post closing adjustments. ETS is now a wholly-owned subsidiary of Hub Group, operating independently under the name Mode Transportation.

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Have Spot Market Rates Bottomed Out?

DAT Solutions

The cities with tight capacity include Memphis, Rock Island, IL, and Portland, OR. Then again, while the Purchasing Managers' Index (PMI) was down to 50.1 Falling fuel rates resulted in lower fuel surcharges, allowing shippers to grant increases in line haul rates, while cutting overall transportation budgets.