Last-mile logistics and delivery company 3PD recently bought fellow logistics company Affinity Logistics Corp. for an undisclosed sum. 3PD announced that the deal boosts its projected annual revenue by more than 50 percent from $200 million to nearly $300 million. The acquisition now gives it 1,500 drivers and 1,350 trucks. “Like our merger with GTS last December, this acquisition is part of our plan to be a well-rounded nationwide last-mile leader in a market that has traditionally offered only regional and local solutions,” states Karl Meyer, 3PD chairman and CEO. “The last-mile heavy goods delivery industry needs a player that can do the heavy lifting of being a coast-to-coast solution with a variety of service options, and we’re determined to be that company.
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Penn State’s Smeal College of Business and World Campus has announced that they are offering a two-year master’s degree program in supply chain management. The Master of Professional Studies in supply chain management is designed specifically for current supply chain professionals, and emphasizes leadership skills and problem-solving competencies, said a university spokesman in a press release.
McLane Suneast, a Temple, Texas, distribution and logistics company that has 36 food-service and grocery distribution centers, is undergoing a $12 million expansion of its facility. The company will add 100,000 square feet giving the facility a total of 600,000 square feet when completed. This is the fifth expansion to the distribution center since the division moved in 1985.
Tenneco Inc. recently announced that Paul Schultz, senior vice president, global supply chain management and manufacturing, is leaving the company to pursue other opportunities. Shultz joined Tenneco in 2002 from Ingersoll-Rand Ltd. Gregg Sherrill, Chairman and Chief Executive Officer of Tenneco said, “We thank Paul for his contributions in helping Tenneco better leverage its supply chain management operations globally.”
Summit Global Logistics, Inc., a leading third party logistics company, recently announced that they have moved their Headquarter office to East Rutherford, NJ.