Shipmonk

Layoffs hit more than 900 workers tied to freight industry across US

More layoffs have hit freight-related companies across the U.S., with 948 job cuts recently announced by companies in Arizona, California, Colorado, Florida and New York.

It is the fourth wave of layoffs across the nation’s supply chain industry since early October, according to firms filing Worker Adjustment and Retraining Notification (WARN) Act notices.

Over the past eight weeks, companies announcing job cuts or facility closures include Amazon, GXO, UPS, DHL, Kuehne+Nagel, Advance Auto Parts,...

https://www.freightwaves.com/news/layoffs-hit-more-than-900-workers-tied-to-freight-industry-across-us

Borderlands: Production, exports of Mexican-made trucks soar in November

Borderlands is a weekly rundown of developments in the world of U.S.-Mexico cross-border trucking and trade. This week: Production, exports of Mexican-made trucks soar in November; Penske Logistics to open major facility in Houston; ShipMonk opens e-commerce fulfillment center in North Texas; and $100M worth of meth seized at border checkpoint.

Production, exports of Mexican-made heavy-duty trucks skyrocket in November

Mexican heavy-duty truck manufacturing and exports both climbed almost 50%...

ShipMonk establishes international footprint with Mexico expansion

Import taxes and tariffs can have a huge impact on e-commerce companies that rely on goods made internationally.

E-commerce fulfillment startup ShipMonk aims to help small and midsized e-commerce importers save money with its international expansion and acquisition of El Mar Mexico (321 Fulfillment of Mexico).

The acquisition includes a fulfillment center located on the U.S.-Mexico border in Tecate, Mexico, and gives ShipMonk its first warehouse facility located outside of the U.S.

The facility in...

https://www.freightwaves.com/news/shipmonk-establishes-international-footprint-with-mexico-expansion

The Daily Dash: Jerry Moyes takes over Central Freight Lines; XPO’s breakup

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Swift Transportation founder Jerry Moyes has returned as the interim CEO of less-than-truckload carrier Central Freight Lines. Plus, XPO has made the decision to split the company into separate businesses, and FreightWaves’ SpaceWaves event focuses on the logistics of space exploration.

Jerry Moyes takes over Central Freight Lines

Less-than-truckload carrier Central Freight Lines has reshuffled some...

https://www.freightwaves.com/news/the-daily-dash-jerry-moyes-takes-over-central-freight-lines-xpos-breakup

ShipMonk secures $290M in growth equity

ShipMonk, an online fulfillment and technology solutions company, has completed a $290 million growth equity round as the global e-commerce surge shows no signs of abating. 

Growth investor Boston-based Summit Partners led the round, which represents a minority stake in the Fort Lauderdale, Florida-based startup.

As part of the deal, Summit Partners Managing Director Christopher Dean and Vice President Chelsea Jurman will join Shipmonk’s board of directors.

As consumer spending continues its rapid...

https://www.freightwaves.com/news/shipmonk-secures-290m-in-growth-equ