Logicbroker raises $135 million to enhance drop shipping capability

Logicbroker completes $135 million raise to enhance its drop ship technology

Cloud-based e-commerce platform Logicbroker on Tuesday secured a massive $135 million funding raise led by K1 Investment Management. The Connecticut-based company plans to expand its full-function drop ship and marketplace services, which it offers to suppliers, retailers, brands and 3PLs alike.

Logistics is no longer just an expense for businesses — it’s a revenue driver. Whereas in the past companies viewed logistics simply as a tool for moving and delivering goods, they now see logistical...

https://www.freightwaves.com/news/logicbroker-raises-135-million-to-enhance-drop-shipping-capability

XPO gears up to help shippers thrive during relentless peak season

Tractor-trailer heading down desert highway in the rain.

Consumers are making their holiday shopping lists, emails about Black Friday deals have started arriving in inboxes, and peak season is just around the corner. During a year characterized by historically tight capacity, shippers should enter peak season prepared for even harsher conditions. 

“You are going to have a boom with e-commerce and retail, but you have also got all the supply chain disruptions that are already happening across the country that are going to have an impact on all...

https://www.freightwaves.com/news/xpo-gears-up-to-help-shippers-thrive-during-relentless-peak-season

What is Tanktainer in Shipping?

tanktainers dimensions

Tanktainer is the name given for a tank container. Now, what is a tank container? Imagine a sturdy, rectangular metal frame that holds a stainless steel container inside, and you have the picture of a tank container or tanktainer.

The container that is held inside the frame is usually cylindrical or capsule-shaped and the frame holds it firmly in place to prevent rolling.

The frame of a tanktainer gives it the shape and dimensions of a standard shipping container making it easily transportable...

https://www.marineinsight.com/maritime-law/what-is-tanktainer-in-shipping/

UPS piloting single-vehicle delivery consolidation initiative for retailers-CEO

UPS Inc. is piloting an initiative to consolidate orders from multiple retailers into a single package car for delivery to consignees, CEO Carol B. Tomé said Tuesday.

On an analysts call to discuss UPS’ (NYSE:UPS) third-quarter results, Tomé said multiple pilots are underway with an unidentified partner to “see if we can move upstream” and aggregate packages at the front end of the delivery chain. She didn’t offer any details other than to say that UPS (NYSE:UPS) should have more information...

https://www.freightwaves.com/news/ups-piloting-single-vehicle-delivery-consolidation-initiative-for-retailers-ceo

Flock Freight attracts top talent in competitive labor market

The logistics industry is rife with opportunities for innovation. Technology is advancing at breakneck speeds, and the previously slow-to-adopt industry is sprinting to catch up. Companies on the cutting edge are working to make transportation more efficient, sustainable and transparent, all attributes industry partners, investors and end consumers are beginning to appreciate more and more. 

The coronavirus pandemic temporarily took a toll on the labor market. Now, however, companies across the...

https://www.freightwaves.com/news/flock-freight-attracts-top-talent-in-competitive-labor-market

Broker Echo Global Logistics exits on a high

Brokerages remain hot M&A targets

Freight broker Echo Global Logistics rides a hot transportation market one last time, publicly at least, to beat third-quarter estimates on Tuesday. The company reported adjusted earnings of 93 cents per share, 20 cents ahead of consensus and more than double the year-ago result of 40 cents.

Echo (NASDAQ: ECHO) announced in September that it entered into an agreement to be acquired by private equity firm The Jordan Co. in a deal that values Echo at $1.3 billion.

Echo’s consolidated revenue was up...

https://www.freightwaves.com/news/broker-echo-global-logistics-exits-on-a-high

Canada’s XTL acquires Georgia freight brokerage CBT

Tractor-trailers of XTL at a company load facility.

Cross-border trucking and logistics firm XTL Group has acquired Georgia-based freight brokerage CBT, creating the Canadian firm’s first U.S.-based operation. 

The acquisition, announced Monday, gives Toronto-based XTL a brokerage focused on serving the food service industry, and poultry and egg processors. The deal complements XTL’s trucking and freight brokerage businesses, which serve some of the same sectors within Canada and in cross-border operations with the U.S.

“They’ve never sold...

https://www.freightwaves.com/news/canadas-xtl-acquires-georgia-freight-brokerage-cbt

City of Long Beach allows logistics companies to stack containers higher

Stacks of containers at a port, with trucks in the background.

The city of Long Beach on Friday issued an emergency order allowing businesses to temporarily increase how high they can stack ocean containers in their lots in an effort to reduce the massive gridlock gripping the ports of Los Angeles and Long Beach.

The rule change does not apply to terminals at the Port of Long Beach, which routinely stack containers up to five high. Many media reports over the weekend didn’t make a distinction between the port and inland zone, making it appear the port had...

https://www.freightwaves.com/news/city-of-long-beach-allows-logistics-companies-to-stack-containers-higher

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