Vendoo magic: Platform puts multiple marketplaces at resellers’ fingertips

The reseller’s market has boomed in recent years, powered by the ease of use for platforms such as eBay (NASDAQ: EBAY), The Real Real (NASDAQ: REAL) and Poshmark (NASDAQ: POSH) among others. A 2020 report on the market by ThreadUp and Global Data predicts the resale apparel markets alone will top $64 billion by 2025 – up from $28 billion in 2020.

Resale is growing 25 times faster than retail overall, the companies found.

The problem sellers face with the resale market is that it is fragmented –...

Bilfinger Nets £35million Inspection Contract With Total

  • 5-year contract for all of Total E&P Denmark’s assets
  • Comprehensive range of services with focus on advanced non-destructive testing (ANDT) techniques
  • Bilfinger Salamis Danmark with now three major offshore inspection customers

Bilfinger Salamis has been awarded a €40 million (£35m) inspection contract for Total E&P assets in Denmark, reports a press release by the company.

Five-year deal

The five-year deal, beginning in July, offers a range of services, focusing on advanced non-destructive...

3 Finalist Bidders Shortlisted For Stake In Shipping Corp of India

  • Three bidders have been finalised for the sale of the government’s 63.75% stake in Shipping Corporation of India (SCI).
  • The trio will now send in their proposals and will be allowed to carry out due diligence on SCI, with the sale to privatise the Indian flagship on track to be completed this year.

According to an article published in Splash247, Three bidders have been finalised for the sale of the government’s 63.75% stake in Shipping Corporation of India (SCI) and the trio will now send in...

Seanergy Announces Long-Term Charter of New Cape With NYK

Nasdaq-listed Greek capesize owner Seanergy Maritime Holdings has found work for its newly delivered capesize vessel, the 2012-built Hellasship, reports the company website.

Charter with NYK Line

The vessel has been fixed to Japan’s NYK Line. The charter is set to commence imminently, and is for a period of 11 to 15 months, with the rate at a premium over the Baltic Capesize Index.

Seanergy acquired the vessel, the Imarbari-built United Breeze, from Japan’s NS United Kaiun Kaisha for $28.6m....

Colonial Pipeline, key source of diesel for eastern seaboard, closed due to cyberattack

Diesel markets could be on the verge of a significant upward move when trading kicks off Sunday evening in the U.S. following the closure of the Colonial Pipeline.

The pipeline, which carries diesel, gasoline and jet fuel from the U.S. Gulf Coast area through the Southeast and Mid-Atlantic on their way to a terminus in New York, was closed Friday because of a cyberattack, according to media reports.

A statement released midday Saturday, updating an earlier statement released Friday, said the...

The logistical cost of Peloton’s recall

This is an excerpt from Friday’s (5/7) Point of Sale retail supply chain newsletter sponsored by ArcBest.

What happened? More than two weeks after declining the Consumer Product Safety Commission’s request to recall its treadmills, Peloton announced Wednesday the company is voluntarily recalling all its Tread and Tread+ units in the U.S. The announcement marked a major reversal of Peloton’s initial reaction and comes after more than 38 reports of injuries involving Tread+ machines, including one...

WoodSpoon serving up home-cooked meals in NYC

WoodSpoon delivering up home cooked meals

Thaddeus Elias Decaprio loves to cook. The 2015 culinary school graduate spent three years working in New York City-area restaurants before returning to school to obtain a master’s degree and turning to nonprofit work.

Then COVID-19 hit. It shut down New York City’s restaurant scene. The Syrian-Italian chef found an outlet.

“I turned back to food and heard about WoodSpoon,” he told Modern Shipper. “There were always things I wanted to cook but there wasn’t a market for it.”

WoodSpoon offers...

Stock of GE Shipping Hitting Over Three Year High

Shares of shipping companies were in focus at the bourses, on Wednesday, with the stock of Great Eastern (GE) Shipping hitting an over three-year high of Rs 391.80 after rallying 14 per cent on the BSE in intra-day trade. The stock surpassed its previous high of Rs 349.75, touched on Tuesday. It is trading at its highest level since February 2018, reports business standard.

52-Week High

Among the other individual stocks, Shreyas Shipping & Logistics was locked in 20 per cent upper circuit at Rs...

Commentary: How reverse logistics creates value for large-product retailers

The views expressed here are solely those of the author and do not necessarily represent the views of FreightWaves or its affiliates.

Moving in reverse isn’t always a good thing. But when it comes to supply chains, adding reverse logistics to your business strategy is definitely a good idea.

If the concept of reverse logistics is new to you, take a digital stroll through this helpful article compiled with details about what reverse logistics entails, why it’s important, and how, as a...

News alert: April jobs in trucking down by one measure, up in another

Despite months of pay increases and the strongest freight market in recent memory, the number of jobs in the truck transportation sector fell in April according to one benchmark, though it rose by another measuring stick.

The monthly employment report issued by the Bureau of Labor Statistics on Friday showed that seasonally adjusted jobs in the truck transportation sector fell by 1,500 to 1,480,300 from a revised March figure of 1,481,800. The revision in that March number had taken it down from...

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