Amazon.com Inc. had been heading toward meeting one-day delivery requirements for its Prime service when the pandemic slowed its progress. Since the end of the pandemic, the company has regained its fast-delivery mojo. In response, the company said Monday that it plans to double the number of same-day delivery sites “in the coming years,” according to Doug Herrington, CEO of Worldwide Amazon Stores.
Herrington, who has held the role since July 2022, leads numerous businesses, including...
Last-mile logistics real estate operator Link Logistics said Monday fundamentals continued to stay strong across its portfolio during the second quarter.
The company signed 418 leases in the period representing 13.3 million square feet of space. Its portfolio was 96.4% leased on a same-store comparison, which was 160 basis points lower year over year.
However, blended cash leasing spreads — a comparison of new rents to expiring rents — were 52% and much higher than the level booked in the...
https://www.freightwaves.com/news/link-logistics-sees-rent-renewals-jump-in-q2
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A former driver for Ameritrans Express, a contract delivery company that delivers mail for the U.S....
https://www.freightwaves.com/news/former-mail-contractor-says-he-others-owed-thousands-in-back-pay
Digital-oriented freight forwarder Flexport has agreed to acquire the logistics arm of publicly traded Shopify Inc. and Deliverr, the tech-enabled shipping services provider Shopify bought last year for $2.1 billion, moving the emerging import-export firm into e-commerce fulfillment and last-mile delivery.
In exchange for its fulfillment assets, Shopify will receive a 13% stake in Flexport and a seat on the board, Flexport CEO Dave Clark told FreightWaves.
The deal is the first since Clark, who...
https://www.freightwaves.com/news/flexport-acquires-shopifys-fulfillment-business
On-demand delivery platform Frayt announced Tuesday it has closed $7 million in Series A funding led by Refinery Ventures with participation from Capital Midwest, Venture 53 and the JobsOhio Growth Capital Fund to continue executing its objective of not only building a marketplace for shippers to obtain last-mile services but to encourage its driver network’s entrepreneurial spirit.
“We are looking to empower these independent contractors and truly treat them as owners of their businesses,”...
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Shipping, mailing and e-commerce firm Pitney Bowes Inc. on Monday hit back at an investment firm’s...
An investment firm looking to make major changes at parcel technology and shipping company Pitney Bowes Inc. (NYSE: PBI) called Thursday for the ouster of longtime CEO Marc F. Lautenbach and non-executive Chairman Robert Dutkowsky, who two weeks ago was named to the role following the departure of then-Chairman Michael Roth.
Hestia Capital Partners, which controls an 8.4% equity stake in Stamford, Connecticut-based Pitney Bowes, did not identify whom it has tapped as interim CEO. It plans to...
Food delivery platform Grubhub has now experienced two major leadership changes in less than two years.
The U.S. arm of Just Eat Takeaway (OTCUS: JTKWY) announced on Monday that CEO Adam DeWitt, an 11-year veteran of the company, will step down. He will be replaced by Howard Migdal, who heads Grubhub’s Canadian counterpart SkipTheDishes.
The shakeup comes just 21 months after DeWitt replaced former chief executive Matt Maloney in June 2021. He’ll remain with the company until May 1 before Migdal...
https://www.freightwaves.com/news/on-the-menu-for-grubhub-a-new-chief-executive
Despite the flurry of innovation taking place within the nascent drone delivery industry, there’s one area the vast majority of drone firms wouldn’t touch with a 10-foot pole: cities.
Simply put, drone logistics are more challenging in urban environments. How will they avoid not just people but also tall buildings? How will they pick up orders from stores in densely packed city centers? And most importantly, where will they land?
That’s why, until now, drones have found most of their success in ru...
