He had the business acumen and the courage to create a national powerhouse with LTL brokerage, the country’s first privately held freight payment plan and its first Transportation Management System (TMS).” - Nexterus Chairman, Sam Polakoff A few years later, large banks controlling all the nation’s freight payment services, decided rather abruptly to exit the business due to declining opportunities to make money on "float.” Recognizing an opportunity, Jay commissioned his team to evaluate the viability of offering the country’s first privately held freight payment plan.
Jay Polakoff Pioneered a $200 Billion IndustryNEW FREEDOM, Pa., Feb.28, 2025 (GLOBE NEWSWIRE) -- Nexterus, a world-class supply chain management and third-party logistics (3PL) services provider is saddened to announce the death of its former CEO, Jay Polakoff.Mr.
Polakoff held a bachelor’s degree in business from the University of Baltimore, served as an adjunct professor at his alma mater and was a frequent guest columnist for prominent industry publications such as Inbound Logistics and Traffic World, now part of the Journal of Commerce.
The story "The Father of Third-Party Logistics Passes Away" has 908 words across 40 sentences, which will take approximately 4 - 8 minutes for the average person to read.
Which news outlet covered this story?
The story "The Father of Third-Party Logistics Passes Away" was covered 12 hours ago by GlobeNewswire, a news publisher based in China.
How trustworthy is 'GlobeNewswire' news outlet?
GlobeNewswire is a fully independent (privately-owned) news outlet established in 1998 that covers mostly technology news.
The outlet is headquartered in China and publishes an average of 49 news stories per day.
It's most recent story was published 8 hours ago.
What do people currently think of this news story?
The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.
How do I report this news for inaccuracy?
You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.
