Skip to content
Search AI Powered

Latest Stories

newsworthy

Transplace acquires 3PL M33 Integrated

Acquisition adds capabilities in packaging, chemical, and advanced-materials sectors, Transplace says.

Transplace LLC, a third-party logistics provider (3PL) said today it has acquired M33 Integrated, a Greenville, S.C.-based 3PL that focuses on the packaging, chemical, and advanced-materials sectors. Terms of the transaction were not disclosed.

In a statement, Dallas-based Transplace said the acquisition extends its footprint in industry verticals and its geographical reach. "M33 Integrated brings a strong management team, robust technology solutions, and an excellent customer base, particularly within the growing flexible-packaging industry, that are complementary to Transplace's capabilities," said Transplace CEO Tom Sanderson in the statement.


Transplace, which is owned by private equity firm Greenbriar Equity Group LLC, generates annualized revenue of more than $1.6 billion.

The Latest

More Stories

image of board and prevedere software

Board acquires Prevedere to build business prediction platform

The Boston-based enterprise software vendor Board has acquired the California company Prevedere, a provider of predictive planning technology, saying the move will integrate internal performance metrics with external economic intelligence.

According to Board, the combined technologies will integrate millions of external data points—ranging from macroeconomic indicators to AI-driven predictive models—to help companies build predictive models for critical planning needs, cutting costs by reducing inventory excess and optimizing logistics in response to global trade dynamics.

Keep ReadingShow less

Featured

vecna warehouse robots

Vecna Robotics names Iagnemma as new CEO

Material handling automation provider Vecna Robotics today named Karl Iagnemma as its new CEO and announced $14.5 million in additional funding from existing investors, the Waltham, Massachusetts firm said.

The fresh funding is earmarked to accelerate technology and product enhancements to address the automation needs of operators in automotive, general manufacturing, and high-volume warehousing.

Keep ReadingShow less
chart of sectors that lease warehouse space

3PLs claim growing share of large industrial leases, CBRE says

Third-party logistics (3PL) providers’ share of large real estate leases across the U.S. rose significantly through the third quarter of 2024 compared to the same time last year, as more retailers and wholesalers have been outsourcing their warehouse and distribution operations to 3PLs, according to a report from real estate firm CBRE.

Specifically, 3PLs’ share of bulk industrial leasing activity—covering leases of 100,000 square feet or more—rose to 34.1% through Q3 of this year from 30.6% through Q3 last year. By raw numbers, 3PLs have accounted for 498 bulk leases so far this year, up by 9% from the 457 at this time last year.

Keep ReadingShow less
A robot in every factory?

A robot in every factory?

In a push to automate manufacturing processes, businesses around the world have turned to robots—the latest figures from the Germany-based International Federation of Robotics (IFR) indicate that there are now 4,281,585 robot units operating in factories worldwide, a 10% jump over the previous year. And the pace of robotic adoption isn’t slowing: Annual installations in 2023 exceeded half a million units for the third consecutive year, the IFR said in its “World Robotics 2024 Report.”

As for where those robotic adoptions took place, the IFR says 70% of all newly deployed robots in 2023 were installed in Asia (with China alone accounting for over half of all global installations), 17% in Europe, and 10% in the Americas. Here’s a look at the numbers for several countries profiled in the report (along with the percentage change from 2022).


Keep ReadingShow less
Sean Webb of Sparck Technologies
Sparck Technologies

In Person: Sean Webb of Sparck Technologies

Sean Webb’s background is in finance, not package engineering, but he sees that as a plus—particularly when it comes to explaining the financial benefits of automated packaging to clients. Webb is currently vice president of national accounts at Sparck Technologies, a company that manufactures automated solutions that produce right-sized packaging, where he is responsible for the sales and operational teams. Prior to joining Sparck, he worked in the financial sector for PEAK6, E*Trade, and ATD, including experience as an equity trader.

Webb holds a bachelor’s degree from Michigan State and an MBA in finance from Western Michigan University.

Keep ReadingShow less