Top 3PLs In To Watch 4th Annual America’s Leading 3PLs

ODW Logistics, Inc. | July 26, 2016

Since purchasing A&R in 2012, Mark R. Holden and Richard Mitchell have been focused on investment and growth, the former fueling the latter. They almost immediately invested $25 million to repair and upgrade the company’s fleet while purchasing 150 new tractors. In just two years, A&R had posted record revenues of $220 million. Which is good, but CEO Holden and President Mitchell are shooting for great. The dry bulk specialists, who handle 40 percent of the total plastics volume transported on highway (accounting for about 80 percent of their cargo), is aiming to grow, Mitchell says, by being “focused on the entire bulk transport market and looking to expand our liquid chemical business.”

Spotlight

The world is continuing to evolve around us. As recently as a couple of decades ago, concepts like having the internet in every home and the 3D printers would have been confined to the realms of science fiction alone. Things have changed rapidly in that time. Perhaps most interesting of all are the improvements being made in the transportation industry. Driverless cars are already on the brink of becoming a reality, but what’s next for the sector.


Other News
SOFTWARE AND TECHNOLOGY,LOGISTICS

AITX's Subsidiary Robotic Assistance Devices Receives Expansion Order of Multiple AVA and TOM Units from Leading Global Logistics Company

Artificial Intelligence Technology Solutions, Inc., | July 16, 2022

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received an order for 5 security robots from a top ranked global logistics company. The order is valued in the low six figures, plus recurring revenue after a set period. Although not named due to confidentiality agreements, the Company indicated that the end-user, an existing client, is a global leader in supply chain management & third-party logistics. The order is part of a broad expansion of the client’s proven facility security solution. The 4 AVA autonomous access control security robots and 1 TOM visitor management device are expected to be deployed this summer at one of the client’s end-user’s distribution centers. “This is what scaling and expansion looks like,” said Steve Reinharz, CEO of AITX and RAD. “Four weeks ago, this client placed an identical order with us. This Fortune 500 company knows how well the RAD solutions work, and how much money they save the end-user, and now they’re going big. We expect to see similar roll out orders to continue for the foreseeable future,” Reinharz added. “Every major client of ours, and those in RAD’s sales funnel typically starts slowly, with a single device or two, As they experience the great results, value and savings RAD delivers, we anticipate scaling and broader deployments, just as we’re seeing with this and other clients.” -Mark Folmer, President of RAD The Company also confirmed that with this order for 5 RAD devices, the client’s total number of units deployed and/or on order is 44. The Company expects to receive permission from this client to share its name, RAD device use cases and applications in the coming weeks. According to a recent report by Allied Market Research, the global logistics automation industry was pegged at $49.70 billion in 2020, and is expected to reach $147.38 billion by 2030, growing at a CAGR of 11.9% from 2021 to 2030. The report mentions that "several logistics companies have started to invest in industry 4.0 technologies in order to deal with labor shortages issue, and to fulfill rising demand from e-commerce sector. Companies are adopting autonomous robots." RAD’s parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application. AVA (Autonomous Verified Access) is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West in late March, AVA was named a winner of the 2022 SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals. Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up including circuit board design, and base code development. This allows RAD to have complete control over all design elements, performance, quality, and the user’s experience of all security robots whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto, and request a copy of the recently published ‘Navigating the New Economy: Jobs & Automation, Challenges & Opportunities’. About Artificial Intelligence Technology Solutions (AITX) AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, stevereinharz.com, www.radsecurity.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

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LOGISTICS

GEODIS to acquire Need It Now Delivers to significantly strengthen its U.S. offerings

GEODIS | August 23, 2022

GEODIS, a world leader in transport and logistics, announced that it has signed an agreement to acquire the American company, Need It Now Delivers. The acquisition will enable GEODIS to significantly increase its presence in the United States in the areas of contract logistics and last-mile delivery. The acquisition will also consolidate GEODIS's position as one of the world's ten leading logistics providers. "The acquisition of Need It Now Delivers is a key step through which we will strengthen and diversify our offerings in the U.S., providing our customers with a global and integrated end-to-end freight network in the United States, from international transport to last-mile delivery. This new acquisition represents an important milestone as we continue to progress on our strategic plan, Ambition 2023." -Marie-Christine Lombard, CEO of GEODIS, Need It Now Delivers operates an expansive domestic road freight network with more than 65 company locations and 300 distribution points, providing strong national coverage, particularly in the eastern United States. To offer its customers complete port-to-door logistics solutions, the company specializes in distribution, last-mile delivery, and in multi-channel contract logistics across a wide range of high-growth industry verticals. Owned in part by management along with the private equity fund Palm Beach Capital, the New Jersey-based company employs approximately 2,000 people and is expected to reach revenues close to $750 million in 2022. "Our U.S. supply chain business has consistently grown over the last 10 years, With the services, capabilities, and the leadership team of Need It Now Delivers, we will expand our offerings and support the growth strategies of our customers." -Mike Honious, GEODIS in Americas President & CEO. This acquisition will strengthen GEODIS's American footprint and e-Commerce services portfolio, with customers able to benefit from the Group's expertise in end-to-end supply chain expertise in freight forwarding, road transport, contract logistics and last-mile delivery. Eric Mautner, CEO of Need It Now Delivers, said: Since our inception in 1987, Need It Now Delivers has scaled rapidly to position ourselves as an industry leader with a special focus on omnichannel and last-mile delivery. Together with GEODIS, our teams can continue to build upon this momentum to provide customers with a more expansive network of flexible, efficient and reliable services that will ultimately allow us to successfully meet projected industry dynamics such as continued e-Commerce growth and increasingly complex supply chains that require the need for omnichannel capabilities. Once the transaction is completed, the GEODIS group will employ roughly 15,000 people across more than 200 locations in the U.S and exceeding 17,000 in the Americas. The combined organizations of GEODIS and Need It Now Delivers would have generated $3.7 billion for full year 2021 in the U.S. The acquisition is subject to regulatory review and approvals, which are expected to be obtained by end of 2022. Both companies will operate as independent businesses and run their operations as usual until that time. GEODIS – www.geodis.com GEODIS is a global leading transport and logistics provider recognized for its commitment to helping clients overcome their logistical constraints. GEODIS' growth-focused offerings (Supply Chain Optimization, Freight Forwarding, Contract Logistics, Distribution & Express, and Road Transport), coupled with the company's truly global reach thanks to a global network spanning nearly 170 countries, is reflected by its top business rankings: no. 1 in France and no. 7 worldwide. GEODIS employs over 44,000 people globally and generated €10.9 billion in revenue in 2021.

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PROCUREMENT AND SOURCING

CORRECTING and REPLACING Red Arts Capital Acquires Strategic Midwest Logistics Company, Partners Warehouse

Red Arts Capital | August 20, 2022

As part of its mission to acquire top tier supply chain and logistics companies, Red Arts Capital announced the purchase of Partners Warehouse. Based in Elwood, Illinois, Partners Warehouse provides warehousing and rail transloading services for a wide range of customers across nearly one million square feet and eight strategic locations in Illinois. The purchase of the 30-year-old logistics company marks another investment for Red Arts’ inaugural institutional commingled private equity fund vehicle, Red Arts Capital Opportunity Fund I, L.P. In June, the firm announced the acquisition of Coregistics, an award-winning, contract packaging services provider known for its flexibility and sophisticated systems. “Partners Warehouse is an ideal platform to execute on Red Arts’ value creation strategy in the warehousing and logistics space, Our country is facing a significant shortage of warehousing capacity, with nearly one billion square feet of new industrial space needed by 2025 to keep up with extraordinary demand. We believe that Partners is well positioned to provide much needed warehousing capacity as it continues to grow near Chicago’s highly strategic inland port.” -Nick Antoine, Co-Founder, Co-CEO and Managing Partner of Red Arts Capital. Partners Warehouse handles thousands of rail cars and containers each year with its Elwood facility located just one block from the entrance of BNSF’s second largest rail and intermodal yard, creating a strong draw for its customers. "Today, the Partners Warehouse holding company employs approximately 150 people. We anticipate nearly doubling the platform’s headcount and square foot capacity just this year alone. Red Arts and the Partners management team are committed to meeting our customers’ needs and believe that our planned continued investment will be a strong indicator of that commitment.” -Chad Strader, the Firm’s Co-Founder, Co-CEO and Managing Partner Amongst Red Arts Capital’s group of investors is world-renowned investor and billionaire, Mario Gabelli. In a recent statement on the Red Arts team and their strategy, Gabelli said, ​​"An important part of investing is defining your circle of competence. Nick and Chad have demonstrated expertise in Supply Chain and Logistics and they have remained disciplined to their approach since we invested with them - this expertise is reflected in their accomplishments and the return on our investments.” Red Arts Capital was formed in 2015 by Co-founders, Co-CEOs and Managing Partners, Chad Strader and Nick Antoine. The firm specializes in private equity investments in supply chain and logistics-related businesses. Red Arts Capital has made waves in the supply chain sector over the past half year with major investments in the aforementioned Coregistics, as well as Sunset Pacific Transportation, Radius Logistics, and now Partners Warehouse. Red Arts also executed the sale of the over century old Midwest Motors Express and Midnite Express to trucking industry titan, Knight-Swift Transportation Holdings back in December for $150M. About Red Arts Capital Based in Chicago, Illinois, Red Arts Capital is a leading investment firm focused on supply chain-related, transportation and logistics businesses. Red Arts Capital seeks to partner with and invest in privately-owned, primarily family-owned, and multi-generational businesses with solid business fundamentals and a strong track record and reputation. With sector expertise and a commitment to stewardship and excellence, Red Arts Capital’s approach earns the firm a trusted seat at the table with portfolio companies, investors and partners. For more information about Red Arts Capital, please visit ​​www.redartscapital.com. About Partners Warehouse Partners Warehouse was founded in 1989 to provide rail transloading services to the building materials industry. Today Partners operates 6 locations and offers a wide variety of services to clients. Industries served include building materials, lumber and panel products, paper, pulp, steel and other metals, automotive, food and food products, food ingredients, consumer goods and bulk products. Partners Warehouse continues to grow and expand by economically helping our clients. To learn more about Partners Warehouse, please visit www.partnerswarehouse.com.

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LOGISTICS

XPDEL adds Seattle to its national network of fulfillment centers for ultra-fast delivery

XPDEL | July 08, 2022

XPDEL, a high-tech third-party logistics (3PL) provider, added its latest fulfillment center in Seattle to support local eCommerce and ultra-fast delivery. With fulfillment centers in twelve US cities and three in APAC, XPDEL is emerging as one of the leading solutions for enabling profitable fast delivery. Like all XPDEL locations, Seattle will operate using industry-leading software technology for fulfillment and logistics. In addition to its private fleet of delivery drivers, XPDEL is fully integrated with multiple national and regional shipping and delivery partners. XPDEL has been instrumental in supporting the growth of the ultra-fast delivery market, quickly standing-up new fulfillment centers and logistics solutions to meet the demands of its growing customer base of merchants and eCommerce companies. "We are fortunate to be in a position where we can quickly adapt and grow our network to meet the needs of our customers and their consumers. We are currently the only 3PL provider making deep commitments to the faster than the same day or ultra-fast delivery model, with specialized services that include temperature control for food products. Our ability to add locations quickly and seamlessly, just as we have done in Seattle, allows us to enable growth for our customers." -Nikki Boone, President of XPDEL XPDEL fulfills and delivers both direct-to-consumer eCommerce orders as well as retail and other business-to-business orders. Its network supports 2-Day shipping nationwide and same-day delivery in eleven metro areas. XPDEL uses the latest technology that allows live visibility into inventory, order tracking, analytics, and smart shipping. "I am so proud of our team and its relentless efforts to provide the best possible service for our customers across our network. We are on a mission to help our customers grow. Expanding XPDEL services to Seattle will allow our customers to grow in that market. We have a similar expansion planned for other cities in the US and abroad." -XPDEL's Founder and CEO, Manish Kapoor Unlike traditional 3PL service providers, XPDEL's primary focus is to help merchants and product companies grow their businesses. XPDEL enables companies to sell on multiple platforms in multiple marketplaces around the world, and plans to expand its services in the US, Canada, Latin America, APAC, and Europe. About XPDEL XPDEL is a leading hi-tech 3PL on a mission to enable growth for eCommerce companies. XPDEL operates in North America and India and plans to continue expanding internationally. The company offers a wide range of fulfillment and logistics solutions for eCommerce businesses, including ultra-fast delivery models powered by industry-leading technology platforms. XPDEL clients benefit from live dashboards that provide real-time analytics and actionable data.

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Spotlight

The world is continuing to evolve around us. As recently as a couple of decades ago, concepts like having the internet in every home and the 3D printers would have been confined to the realms of science fiction alone. Things have changed rapidly in that time. Perhaps most interesting of all are the improvements being made in the transportation industry. Driverless cars are already on the brink of becoming a reality, but what’s next for the sector.

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