industry-news
4 posts tagged with “industry-news”
Brit Launches BRIDGE Cargo Consortium With $80 Million Capacity: How Syndicated Insurance Models Are Solving the Freight Coverage Gap
Brit Group launches BRIDGE, one of the largest cargo consortiums in the market with $80M line capacity. Learn how syndicated insurance models address the growing freight coverage gap and what shippers need to know about consortium-based cargo protection.
CXTMS InsightsMarch 26, 2026 · 6 min read
Echo Global Logistics Completes $5.2 Billion ITS Acquisition: What the Largest 3PL Merger of 2026 Means for Shipper Strategy
Echo Global Logistics completed its acquisition of ITS Logistics on March 25, 2026, creating a $5.2 billion AI-enabled 3PL giant. Here's what the deal means for shippers, carrier selection, and the accelerating 3PL consolidation wave.
CXTMS InsightsMarch 26, 2026 · 6 min read
The March 2026 Logistics Layoff Wave: What 30,000 UPS Cuts and Industry-Wide Restructuring Mean for Freight Capacity
UPS is cutting 30,000 jobs and closing 24 facilities while over 3,100 freight and logistics positions have been eliminated since mid-January. Here's what the March 2026 layoff wave means for freight capacity, service levels, and shipper strategy.
CXTMS InsightsMarch 2, 2026 · 6 min read
The Great Freight Recession: Lessons From STG Logistics' $1.2 Billion Bankruptcy
STG Logistics' Chapter 11 filing exposes the freight recession's reality. What shippers can learn from the biggest intermodal bankruptcy.
CXTMS InsightsFebruary 11, 2026 · 5 min read