reverse logistics

UK fashion houses hit out at post-Brexit ‘hidden costs’ for EU customers

UK fashion labels are increasingly concerned at the complexities of operating in the post-Brexit world, with “hidden costs” and reverse logistics threatening business viability.
Director of Scottish brand 6876 Kenneth MacKenzie said EU consumers were becoming steadily more reluctant order UK brands due to longer transit times and additional costs linked to duty and VAT.
Mr MacKenzie told The Loadstar: “Customers are not aware of how much they will be paying for duty, …

The post UK fashion houses...

https://theloadstar.com/uk-fashion-houses-hit-out-at-post-brexit-hidden-costs-for-eu-customers/

Cambridge Capital invests $20M, joins board of ReverseLogix

ReverseLogix Corp., a cloud-based platform for automating reverse logistics, announced Thursday it has raised $20 million in first-round funding from Cambridge Capital.  

Along with the investment, Cambridge Capital’s Benjamin Gordon and Matt Smalley have joined ReverseLogix’s Board of Directors. Together, the team aims to create a modular SaaS platform to execute the tangled processes of end-to-end reverse logistics.

“After bootstrapping ReverseLogix for over 6 years, I am excited to announce...

https://s29755.pcdn.co/news/cambridge-capital-invests-$20m-joins-board-of-reverselogix

UPS expects surge in holidays returns traffic

UPS Inc. (NYSE:UPS) said Thursday that it expects returns traffic to rise 23% by week’s end compared to the highest-volume returns period during the 2019 peak-season cycle, a legacy of an unprecedented peak season and a reflection of the abundance of returns options available to merchants and consumers.

The Atlanta-based company said it expects to handle 8.75 million returns parcels this week. Strikingly, returns volumes are expected to be evenly distributed throughout the week instead of...

https://s29755.pcdn.co/news/ups-expects-surge-in-holidays-returns-traffic

The Daily Dash: Activist investor seeks more value from Forward Air

forward air truck

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, an activist investor is pushing Forward Air to create more shareholder value. Plus, looking at the major trends expected to impact the retail supply chain in 2021, and Deutsche Bank’s Amit Mehrotra shares his truckload stock outlook.

Pushing for more shareholder value

As Forward Air (NASDAQ: FWRD) retooled its corporate strategy in 2020, its share price lagged comparable less-than-truckload carriers...

https://www.freightwaves.com/news/the-daily-dash-activist-investor-seeks-more-value-from-forward-air

5 predictions for retail supply chains in 2021

Rather than recapping 2020, I’d rather look onward. There have been a ton of retail supply chain changes this past year. Some will last, others will not. Let’s collectively lick our wounds and look forward. Here’s 5 predictions for the retail supply chain in 2021.

Correction, inventory

Much has been made of relatively low inventory levels across the retail supply chain this year. The inventory-to-sales ratio currently stands at 1.31, down from 1.40 this time last year. We at FreightWaves have...

https://s29755.pcdn.co/news/5-predictions-for-the-retail-supply-chain-in-2021

The Daily Dash: Q4 going strong; 2020 shipping trends to bleed into 2021

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, ArcBest continues a trend of less-than-truckload carriers reporting a strong start to the fourth quarter. Plus, XPO’s Drew Wilkerson sees many of the trends the supply chain experienced in 2020 continuing into 2021, and Trevor Milton has begun to sell shares in Nikola Corp.

More evidence of a strong Q4

ArcBest Corp. (NASDAQ: ARCB) is the latest less-than-truckload carrier to report that the...

https://www.freightwaves.com/news/the-daily-dash-q4-going-strong-2020-shipping-trend-to-bleed-into-2021

Demand for reverse logistics warehouse space seen rising, CBRE says

About 400 million square feet will be needed over the next five years to manage the expected according to a report to be released Tuesday by real estate services giant CBRE Inc. (NYSE:CBRE).

Most of the square footage to handle returns will come from older distribution centers which third-party logistics (3PL) providers and large retailers will vacate for newer facilities to support forward logistics operations, CBRE said. 

About 1.5 billion square feet of new logistics square footage will be...

https://s29755.pcdn.co/news/demand-for-reverse-logistics-warehouse-space-seen-rising-cbre-says

Capstone Logistics returns to H.I.G. Capital

Truck parked at facility door

Alternative investment firm H.I.G. Capital announced that an affiliate company has entered into an agreement to acquire Capstone Logistics from an affiliate company of private equity firm The Jordan Co.

Based in Peachtree Corners, Georgia, Capstone was formed by H.I.G. Capital in 2011, when it merged portfolio company Progressive Logistics Services with LMS Intellibound. H.I.G. sold Capstone to The Jordan Company in 2014.

Financial terms were not disclosed. The deal is expected to close in...

https://s29755.pcdn.co/news/capstone-logistics-returns-to-hig-capital

The Daily Dash: Double-digit rate increases are coming

freight rates could rise

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, truckload carriers may love 2021 if projections of double-digit rate increases turn out to be true. Plus, the Federal Motor Carrier Safety Administration will hold a listening session on broker transparency and which five states are the worst for truck drivers in bad weather?

Rising rates

Next year could be boom times for trucking, as analysts are rallying around the possibility of double-digit rate...

https://www.freightwaves.com/news/the-daily-dash-double-digit-rate-increases-are-coming

As e-commerce hits new heights, so do merchandise returns (with video)

The Reverse Logistics Association’s Tony Sciarrotta and DM Transportation’s Nicholas Isasi discuss reverse logistics at FreightWaves Last Mile Logistics Summit

Purchase returns and the reverse logistics portion of last-mile delivery have become a focal point as more consumers settle into the lifestyles and purchasing habits that have become the new norm in a COVID world.

Consumers’ acceptance of a digital retail channel has provided salvation to many retailers that have seen pandemic-related shutdowns choke off traditional in-store buying. At the FreightWaves Last Mile Logistics Summit on Thursday, Tony Sciarrotta, executive director, Reverse Logistics...

https://www.freightwaves.com/news/as-e-commerce-hits-new-heights-so-do-merchandise-returns-with-video

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