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Kenco was founded in August 1950 by Jim Kennedy Jr. and Sam Smartt under the name Cherokee Warehouses. [4] Cherokee Warehouses owned a single 100,000 square-foot warehouse in Chattanooga, Tennessee. Cherokee Warehouses became Kenco with the signing of its first dedicated contract warehousing arrangement with Dupont in 1967.
Also in 2016, the company reorganized rebranding many of its services under the name ArcBest. [5] In 2021, ArcBest acquired MoLo Solutions, a truckload brokerage company based in Chicago. The deal was priced at US$235 million upfront and up to an additional US$215 million if MoLo hits certain revenue benchmarks by 2025. ArcBest intended to ...
Co-brokering is a legal practice used to ensure there is an available truck to transport freight. A 4PL may use a 3PL broker to match loads with trucks, with a shippers knowledge. The primary broker will take a lesser amount of the fee and the secondary broker will book the load for transport receiving a larger share of the same fee. [7]
As of 2023, TQL was ranked the second-largest freight brokerage firm in North America by Transport Topics magazine, posting $2 billion in net revenue off gross revenues of $8.8 billion. [12] TQL has 56 offices in 26 states with more than 9,000 employees. [13] TQL has been ranked a Greater Cincinnati Top Places to Work 12 times.
2002 Acquired Consultrans, an Ontario-based transportation brokerage and warehousing company, doubling its North American truck transportation management operations. [13] 2003 Acquired Chicago-based customs broker and freight forwarder Osowski, launching Livingston into the U.S. air/sea customs and freight forwarding market. [14]
This list of freight ship companies is arranged by country. Companies listed own and/or operate bulk carriers, car carriers, container ships, Roll-on/roll-off (for freight), and tankers. For a list of companies that own and operate passenger ships (cruise ships, cargo-passenger ships, and ferries), see List of passenger ship companies.
Saia acquired Robart Transportation (and subsidiary The RL Services Group) in 2012 for approximately $7.8 million. Robart, founded in 1981 in Duluth, Georgia, was a non-asset truckload and brokerage service provider while The RL Services Group focused on supply chain, logistics, data mining, and operations analysis and related services. The ...
Flexport Inc. is an American multinational corporation that focuses on supply chain management and logistics, including order management, delivery, trade financing, insurance, freight forwarding, and customs brokerage. The company is headquartered in San Francisco, California, [4] has thousands of employees and annual revenues of more than $3.3 ...