Equipment

PHOENIX — From business process automation to fraud prevention, industry tech developers rolled out new software features and service offerings for 3PL providers at TIA's conference.

Intangles launched a new product designed to help truck drivers find a mechanic while on the road before vehicle issues occur, the predictive maintenance company announced April 11.

Amazon has installed more than 17,000 chargers at about 120 warehouses around the U.S., making the retail giant the largest operator of private EV charging infrastructure in the country.

Across the major logistics market segments, 2023 brought a spate of challenges including compressed margins, rising labor costs and inflationary pressures, ensuring a down year for many.

2023 was a generally downtrodden year for 3PLs, with plummeting transportation rates and shippers focused on right-sizing inventories and reducing logistics costs.

A freight market recession, compressed broker margins and major acquisitions in 2023 have markedly altered the landscape of North America’s largest third-party logistics providers.

Stubbornly weak freight market conditions have placed financial strain on 3PLs in recent years with an oversupply of truck capacity driving down rates and squeezing brokers’ margins.

Volvo Group will build a heavy-duty truck manufacturing plant in Mexico to complement the Swedish original equipment manufacturer’s production in the U.S.

Ford slashed prices of its electric F-150 Lightning pickup truck by as much as 7.5% as the automaker prepares to resume deliveries this month following a halt this year over a quality issue.

The spot market is struggling to rebalance as the rate of carriers exiting has slowed despite sluggish demand.