APL Logistics is moving closer to the checkout queue with three companies reportedly on the shortlist to buy the NOL Group logistics unit, one based in Korea and two U.S. firms.
Fast-growing third-party logistics companies are tuning into and tapping broad trends driving logistics growth in the U.S. and globally, including increased cross-border trade and the expansion of intermodal rail. Here are seven trends picked by XPO Logistics CEO Bradley S. Jacobs.
Encouraged by signs of a stronger U.S. economy and recent acquisitions, XPO Logistics is raising its revenue run rate target for 2014 to $2.75 billion, almost triple the $1 billion run rate the company achieved in 2013.
At a recent supply chain conference, Bradley S. Jacobs heard a “financially compelling” case for investing and doing business in his country from former Mexican President Felipe Calderón. “Mexico is positioning to chip into China’s status as one of our major trading partners,” said the chairman and CEO of XPO Logistics.
More midsize and smaller shippers will have access to intermodal rail following the acquisition of Pacer International by XPO Logistics, a move that will push truck freight brokerage toward a more multimodal model.
Pacer International has predicted its revenue in 2014 will range between $1.1 billion and $1.3 billion, representing an expected increase of 10 percent to 18 percent from its 2013 results.
Pacer International reported its profit in the third quarter of 2013 was $2.8 million, jumping 155 percent or $1.7 million from the third quarter of 2012.
Pacer International reported its net income in the second quarter of 2013 totaled $1.9 million, compared with $1.3 million in the same quarter in 2012.
Pacer International reported net income in the first quarter of 2013 was $1.3 million, improving from a net loss of $0.3 million in the first quarter of 2012.
North American freight and logistics company Pacer International today reported profit in the fourth quarter of 2012 was $2.2 million, increasing 100 percent from $1.1 million in the fourth quarter of 2011.
The Containerization and Intermodal Institute presented its 2012 West Coast Connie Awards to Matthew J. Cox, president and CEO of Matson Inc., and Donald C.