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FRONTDoor Collective Raises $7.5M For Sustainable, Last-Mile Delivery Standards
Tuesday, September 21, 2021 - 2:32pm | 883Last month, FedEx (NYSE: FDX), Walmart (NYSE: WMT), XPO (NYSE: XPO), Amazon (NASDAQ: AMZN), Instacart, and U.S. military veterans came together to form the FRONTdoor Collective (FDC), a network of franchised delivery service partners (DSPs) to help businesses manage the growing demand for last-mile...
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Project44 Acquires Last-Mile Tech Company Convey For $255M
Tuesday, September 21, 2021 - 10:52am | 741On Tuesday, real-time global supply chain visibility provider project44 announced its acquisition of last-mile technology company Convey in a deal valued at $255 million. With a plan to provide the supply chain community with powerful and actionable real-time data, project44 will utilize this...
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15-Minute Grocery Delivery Firm Jokr Launches In 3 More NYC Boroughs
Tuesday, September 21, 2021 - 10:23am | 731Jokr, the 15-minute grocery delivery firm that launched in June in three New York City boroughs, is expanding to three additional locations. The company on Tuesday announced it will begin servicing the Upper West Side, the Upper East Side, and the financial district. Jokr previously served only...
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Save Foods Inc. Reports International Distribution Company Now Using SVFD Products
Wednesday, September 15, 2021 - 12:24pm | 1264The following post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Save Foods (NASDAQ: SVFD), an agri-food-tech company focused on developing and selling eco-friendly products specifically designed to...
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Sales Language That Can Be Dangerous — Put That Coffee Down
Wednesday, September 15, 2021 - 12:03pm | 306Surge Transportation is the fastest growing 3PL in the logistics space today. Based in Chicago and Jacksonville, they offer unrestricted access to almost all accounts, limitless territory, and a chance to be a key player in a growing company. To find out more email jobs@surgetransportation.com...
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Combining Roadie With UPS — Great Quarter, Guys
Wednesday, September 15, 2021 - 11:19am | 314This episode is brought to you by DDC FPO. DDC is a business process outsourcing provider that specializes in freight. Perhaps best known for Freight Billing, DDC can turn your back office into a profit center. Discover how to cut expenses and increase margins at ddcfpo.com. UPS (NYSE: UPS) just...
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Covid Disruptions Strike Even Toyota
Wednesday, September 15, 2021 - 10:10am | 962Even the world's largest carmaker wasn't exempt from the damage caused by a virus that has been holding the world hostage for more than a year. The delta variant has outpaced Japanese automaker's efforts to deal with the chip supply crisis as Toyota Motor (NYSE: TM) has warned it will...
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Supply Chain Kinks Thwarting Wildfire Crews
Wednesday, September 15, 2021 - 10:01am | 1613Supply chain issues that have been a fact of life this year for shippers and carriers are also confounding the efforts of thousands of firefighting crews stuck in the middle of an extreme wildfire season. They are struggling to keep people, equipment and other resources moving to contain the...
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Record August Hints At Turbocharged Remainder Of 2021: Virginia Port Authority
Tuesday, September 14, 2021 - 4:07pm | 801The Virginia Port Authority anticipates that the volume strength seen in August will persist through the remainder of 2021. "We are nearing the height of peak season and do not anticipate a let-up before year's end. Knowing that, we are focusing on remaining agile and fluid in our operations and...
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Viewpoint: Will The World's Largest Container Ship Actually Provide Trade Solutions?
Tuesday, September 14, 2021 - 3:05pm | 874This commentary was written by Lori Ann LaRocco. The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates. The word "historic" in the maritime and logistics industry has become so overused that its meaning now is watered...
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Port Houston And Ship Channel Remain Closed In Hurricane Nicholas' Aftermath
Tuesday, September 14, 2021 - 2:24pm | 524Port Houston remains closed as the Texas Gulf Coast continues to feel the impact of Tropical Storm Nicholas, which has been pounding the area with high winds, rain, and flooding over the last 24 hours. The storm made landfall as a Category 1 hurricane in Texas early Tuesday morning, bringing winds...
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Rates Red Hot In August, Shipments High But Capacity Constrained
Monday, September 13, 2021 - 2:11pm | 1242August data from Cass Information Systems shows a sequential surge in expenditures, a proxy for freight rates, with shipments stepping higher as well. The year-over-year comparisons for both subindexes were materially higher again. Freight rates up and to the right The expenditures component of...
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Algorithms Are Great But People Dictate Success For Big-And-Bulky Delivery
Monday, September 13, 2021 - 11:56am | 828When the Amazon (NASDAQ: AMZN) driver leaves a package on a doorstep, it's a successful last-mile delivery. But when the item is a sectional sofa, there is an added complexity that no Amazon algorithms have yet perfected. For last-mile delivery of big-and-bulky items, technology is great, but the...
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Bankers Have 'Never Seen A Stronger Seller's Market' For 3PLs
Monday, September 13, 2021 - 11:54am | 1280The market for buying and selling third-party logistics providers and freight brokerages is red hot, according to Capstone Partners investment bankers Burke Smith and Nathan Feldman. Rates for all modes of transportation rose quickly over the past year, pushing up 3PLs' earnings power and making...
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Advanced Handling Systems' E-Commerce, 3PL Shippers Have New Robotic Options
Monday, September 13, 2021 - 10:46am | 825Advanced Handling Systems' (AHS) third-party logistics and e-commerce warehouse customers can now choose to deploy robotic solutions from Berkshire Grey for their facilities. AHS, which integrates fulfillment and distribution solutions and counts many Fortune 100, e-commerce, and 3PL companies...