Today’s Top Supply Chain and Logistics News From WSJ
Transplace isn’t buying into the idea that assets are critical for freight transport service. WSJ Logistics Report’s Loretta Chao writes that the Texas-based shipping services business completed its fifth acquisition in five years, a purchase of niche provider M33 Integrated. Tom Sanderson, Transplace’s chief executive, says the company plans to stay on that schedule as it builds business in new shipping market. But Sanderson says freight broker XPO Logistics Inc.’s recent acquisition of trucker Con-way Inc. won’t push Transplace off the non-asset-based path. Says Sanderson, We don’t buy trucks, trailers and hard assets. We’re buying revenue, earnings, and talent.”
Read more here.