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Logistics refers to the transportation and storage of goods within a supply chain. For example, freight brokers who coordinate with a carrier to move a company’s goods are performing a logistics service.

Reverse logistics — the management and movement of returned goods — is one of the most significant systems in the economy, as it affects people and businesses in myriad ways, for example, post-holiday season when a high volume of gift returns are common.

BWT Logistics is set to acquire Lowell, N.C.-based third-party logistics specialist International Express Trucking for an undisclosed sum.

Third-party logistics specialist Warehouse Services said Sept. 28 it acquired Texas-based Sky Trans Group Holdings for an undisclosed amount.

Throughout the pandemic-influenced years of 2020 through 2022, third-party logistics providers and freight brokers assuaged shippers by simply locating a truck for their freight.

The Cincinnati region is growing in stature as a leading transportation and logistics hub. According to BE NKY, between 2015 and 2020, the transportation and logistics sector was responsible for more than 85% of all jobs created in the region. This is projected to grow 28% through 2025.

Freight brokerage, warehousing and dedicated carriage operations saw significant growth in 2022, while rocky international freight demand kept forwarders on the ropes.

Third-party logistics providers enjoyed another growth year in 2022, driven by inventory buildup from past supply chain disruptions and decreasing purchased transportation costs.

The largest third-party logistics companies in North America remained in growth mode in 2022 despite an uncertain economic environment and less favorable market conditions.

Third-party logistics providers have been adjusting to normalizing market conditions as supply chain disruptions, inventory shortages and surging demand have receded.