Press Releases from AFS Logistics (12 total)
Q2 TD Cowen/AFS Freight Index: Parcel surcharge changes wring out additional rev …
ATLANTA (April 9, 2024) - AFS Logistics, an industry-leading third-party logistics (3PL) provider, and TD Cowen announce the second quarter (Q2) 2024 release of the TD Cowen/AFS Freight Index, a snapshot with predictive pricing for truckload, less-than-truckload (LTL) and parcel transportation markets. The latest release of the index expects LTL and truckload rates to remain steady, consistent with trends established since Q2 of last year. In parcel, the index shows…
AFS Logistics announces agreement with e2open
SHREVEPORT, La. (Oct. 24, 2023) - AFS Logistics, an industry-leading third-party logistics (3PL) provider, announces an agreement with e2open, the connected supply chain SaaS platform with the largest multi-enterprise network. Users of e2open's Transportation Management will be able to connect to the AFS freight audit and payment solution.
"Shippers face a logistics landscape with various shocks and disruptions that can threaten service continuity and apply major pressure on tight margins,"…
Two AFS Logistics executives recognized as key female leaders within the industr …
ATLANTA (Sept. 18, 2023) - AFS Logistics announces Chief Commercial Officer Melissa Somsen and Chief Analytics Officer Mingshu Bates as winners of the 2023 Women in Supply Chain award presented by two industry publications, Supply & Demand Chain Executive and Food Logistics. This marks the second consecutive year in which Bates was named to the list and the first time Somsen, who joined AFS in 2022, has received this award.…
Inc. Magazine names AFS Logistics as one of the fastest-growing companies in the …
SHREVEPORT, La. (Aug. 15, 2023) - AFS Logistics announces its selection to the 2023 Inc. 5000 list, which recognizes AFS as one of the nation's fastest-growing private companies. The recognition is the company's fourth appearance on the list, cementing a pattern of strong growth and an entrepreneurial spirit shared by fellow previous honorees, including Zappos.com, Zipcar, Pandora and 7-Eleven.
The list was compiled based on data representing overall revenue growth…
Truckload finds a floor, possible bankruptcy threatens to firm up LTL sector and …
ATLANTA (July 12, 2023) - AFS Logistics, an industry-leading third-party logistics (3PL) provider, and TD Cowen announce the third quarter (Q3) 2023 release of the TD Cowen/AFS Freight Index, a snapshot with predictive pricing for truckload, less-than-truckload (LTL) and parcel transportation markets. The latest release of the index projects the first quarter-over-quarter (QoQ) increase for truckload rates since Q1 2022, while competition among carriers for falling volumes is expected to…
AFS Logistics recognized with two accolades for technology platform
SHREVEPORT, La. (May 30, 2023) -AFS Logistics (afs.net), a non-asset based, non-asset biased third party logistics (3PL) provider, announces it has been named a top 3PL technology company by Inbound Logistics magazine, with its AFSmart suite recognized as a best-in-class solution. AFSmart Audit, one of the tools that makes up the integrated AFSmart package, is also a CIO 100 award winner, named by CIO.com to its annual list of 100…
Surprising LTL strength, falling truckload rates and parcel GRI impacts: Q1 Cowe …
ATLANTA (Jan. 17, 2023) - AFS Logistics (afs.net), an industry-leading third-party logistics (3PL) provider, and Cowen Research today released the Cowen/AFS Freight Index for Q1 2023, a snapshot with predictive pricing across multiple sectors in the freight industry. The latest release of the index reveals surprising less-than-truckload (LTL) strength, indicates a continued downward trend in truckload and illustrates the power of parcel general rate increases (GRIs) and surcharges to prop…
AFS Logistics names Micheal McDonagh President of Parcel
ATLANTA (Oct. 26, 2022) - AFS Logistics (afs.net) announces Micheal McDonagh as president of parcel. McDonagh has over 15 years of pricing and logistics experience, including nearly 10 years at FedEx. As president of parcel for AFS, McDonagh will focus on pricing, strategy and customer satisfaction to increase the efficiency and profitability of the parcel business unit.
"The parcel market is a fast-changing and rapidly growing environment that requires absolute…
AFS Logistics introduces new integrated technology platform to improve service a …
SHREVEPORT, La. (July 28, 2022) - AFS Logistics (afs.net), a non-asset based and non-asset biased 3PL, today announced the new, industry-leading AFSmart technology suite. The platform is an integrated package of intuitive, cloud-native tools designed to help clients and carriers make faster, more informed decisions, automate processes and more effectively manage logistics operations across multiple modes of transportation.
The tools within the integrated platform include:
• AFSmartAudit - freight audit and payment (FAP)…
AFS Logistics wins top project award for dramatically reducing retailer's transp …
SHREVEPORT, La. (June 28, 2022) - AFS Logistics (afs.net) announces recognition as a recipient of Supply & Demand Chain Executive's Top Supply Chain Projects Award. The third-party logistics (3PL) company earned the accolade for transportation solutions that reduced parcel spend by 14% and less-than-truckload (LTL) spend by nearly 17% for their client, a western wear retailer.
"We'd be bleeding millions of dollars in excess freight costs if we didn't have AFS,"…
AFS Logistics releases April 2022 Cowen/AFS Freight Index: Rising fuel will driv …
SHREVEPORT, La. (April 12, 2022) - AFS Logistics (afs.net), an industry-leading 3PL provider, and Cowen Research today released the April 2022 Cowen/AFS Freight Index, a quarterly transportation pricing snapshot with predictive pricing across multiple sectors in the freight industry. Dramatically higher fuel surcharges are the primary driver of the accelerated growth in LTL and parcel costs in Q2 2022, while driver shortages and labor costs support continued truckload growth even…
AFS Logistics acquires DTA Services Ltd., Canada's second-largest freight bill a …
SHREVEPORT, La. and TORONTO (March 08, 2022) - AFS Logistics (afs.net) announces the acquisition of DTA Services, Ltd. (dta.ca), a leading Canadian freight bill audit, cost allocation and analytics firm located in Toronto. DTA will continue serving clients under its established brand as an AFS operating company and will maintain its current team, service offering and location. The acquisition combines the strong platform and team at DTA with the resources…
