LaserShip

Modern Shipper Top 10: Last-mile delivery

Modern Shipper launched in February with a mission of highlighting the ever-growing last mile of the supply chain. Throughout the year, we learned a lot, and our readers helped inform us of plenty more.

Looking back on the year that was, there were plenty of stories that resonated with our readers — from drones to automation, from gig workers to last-mile delivery providers. Of course, we can’t forget e-commerce, which is rapidly changing the supply chain and everything and everybody that...

https://www.freightwaves.com/news/modern-shipper-top-10-last-mile-delivery

Metzler out as LSO’s president, CEO

The parent of regional parcel delivery carrier Lone Star Overnight (LSO) has fired Richard M. Metzler, its president and CEO, and does not plan to fill either position, FreightWaves has learned. 

Meztler, whose last day was Thursday, ran Austin, Texas-based LSO since March 2018. He has spent decades in the transportation and logistics field at companies across the modal spectrum. It is unclear what Metzler’s next move will be.

The move comes as LSO, which operates in 10 states including every ZIP...

https://www.freightwaves.com/news/metzler-out-as-lsos-president-ceo

Should FedEx, UPS care about the LaserShip-OnTrac merger?

FedEx and UPS delivery vans.

Depending on how the holiday season pans out, FedEx Corp. and UPS Inc. will get close to $200 billion in combined annual revenue by the time they finish their reporting years: UPS’ on Dec. 31 and FedEx’s the following May 31. It stands to reason, then, that a merger of regional parcel delivery carriers LaserShip and OnTrac, with $1.7 billion in combined annual revenue between them, wouldn’t appear on the giants’ radar.

Vienna, Virginia-based LaserShip’s mid-October $1.3 billion purchase of...

https://www.freightwaves.com/news/should-fedex-ups-care-about-the-lasership-ontrac-merger

LaserShip taps top Home Depot supply chain executive as CEO

In a personnel move with enormous implications for the parcel-delivery industry, regional carrier LaserShip said Friday it has named Mark H. Holifield, the architect of Home Depot Inc.’s modern-day supply chain operation, as its permanent CEO.

Holifield succeeds Mike Roth, who was brought in by LaserShip’s owner, private equity firm American Securities LLC, to serve as interim CEO of Vienna, Virginia-based LaserShip. Holifield takes over on Nov. 8. His last day at the Atlanta-based retail giant...

https://www.freightwaves.com/news/lasership-taps-top-home-depot-supply-chain-executive-as-ceo

LaserShip names Mike Roth, top Amazon logistics executive, interim CEO: Source

Regional parcel delivery carrier LaserShip, which is poised to acquire fellow regional carrier OnTrac for about $1.3 billion, has named Mike Roth, a longtime Amazon.com Inc. operations executive, as its interim CEO, according to a person familiar with the matter.

Barring an unforeseen event, Roth will steer the integration of the two companies, which is expected to lead to the development of the first national parcel delivery network built from regional players. Roth succeeds Brett Bissell, who...

https://www.freightwaves.com/news/lasership-names-mike-roth-top-amazon-logistics-executive-interim-ceo-source

Will regional parcel deal spark PE interest in national network?

There is a player that might be emerging on the U.S. parcel delivery landscape: private equity.

In a deal that banking sources said was consummated about two weeks ago, regional parcel delivery carrier LaserShip, which is owned by PE firm American Securities LLC, acquired fellow regional carrier OnTrac for what is believed to be $1.3 billion, a significant sum for a regional parcel company. Greenbriar Equity Group LP, another PE firm, sold LaserShip to American Securities early this year but...

https://www.freightwaves.com/news/will-regional-parcel-deal-spark-pe-interest-in-national-network

Regional carriers by any other name

About a month ago, Nate Skiver, founder of LPF Spend Management, a parcel-delivery consultancy, posed a rhetorical question on his LinkedIn page: What if shippers and retailers used regional delivery carriers and last-mile providers to meet their primary e-commerce delivery needs and used UPS Inc. (NYSE:UPS) and FedEx Corp. (NYSE:FDX) to fill in the blanks as backups?

Skiver’s musings received about 10,000 page views, striking a chord in an industry experiencing profound changes in how its...

https://www.freightwaves.com/news/regional-carriers-by-any-other-name

Long controversial and now cooking, LaserShip rides the parcel-delivery wave

It’s been a long, somewhat strange trip for regional parcel-delivery carrier LaserShip Inc.

LaserShip was launched in 1986 as a document-delivery company. The dot-com boom of the late 1990s eventually pushed the Vienna, Virginia-based concern into the parcel-delivery world. Since then, it has assembled an impressive geographic footprint for a self-styled regional carrier. 

Privately held LaserShip’s ground-delivery network spans 23 states in the East and Midwest, as well as the District of...

https://www.freightwaves.com/news/long-controversial-and-now-cooking-lasership-rides-the-parcel-delivery-wave

Will the mountain of logistics M&A money find places to go?

Geodis

With 2021 just around the corner, a mountain of mergers and acquisitions capital is sitting on the sidelines waiting to be deployed in the transport and logistics arena. The question now is, will the money hit the field or will it remain on the bench?

The message coming from strategic buyers — firms that already operate in the transport and logistics space — and from private-equity companies alike is that they are ready, willing, able and eager to consummate deals. The ardor is so strong for...

https://s29755.pcdn.co/news/will-the-mountain-of-logistics-mampa-money-find-a-place-to-go

Nightmare on parcel street opens historic window for regional carriers

What if the regional parcel carriers threw a party and everybody came?

That may yet come to pass, based on the unprecedented changes shaking the U.S. parcel-delivery industry. Since March, all parcel carriers have been slammed with record volumes from spikes in e-commerce activity. The peak holiday shopping season, which effectively began last week with Amazon.com Inc.’s (NASDAQ:AMZN) record two-day Prime Day bonanza, has poured fuel on the fire.

Parcel capacity during peak season will be scarce...

https://s29755.pcdn.co/news/nightmare-on-parcel-street-opens-historic-window-for-regional-carriers

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