logistics

Participants will focus on improving the circular economy through logistics. This is the third year the Toyota Logistic Design Competition is welcoming students from universities in the United States.

Stord raises a $31M Series B to build the cloud supply chain

With a total capital raise approaching $13 million, Irvine, Calif.-based ZUUM Transportation Inc., has its sights set on spurring on digital transformation within logistics to address the impact of the COVID-19 pandemic on global supply chains, which have, in many ways, seen businesses on the search for new ways to keep operations running.

With the ongoing COVID-19 pandemic continuing to change myriad aspects of everyday life, holiday season shopping is clearly not an exception, according to the 2020 U.S. Retail Holiday Trends Guide, which was issued this week by Los Angeles-based industrial real estate firm CBRE. The wide-ranging report addresses various ways in which the 2020 holiday shopping season will be different from any other.

Findings for the survey were based on feedback from 1,600 United States-based consumers. The wide-ranging survey is the fourth one Convey has released, going back to 2017, and its findings can be viewed, as it was conducted and released over the course of the ongoing COVID-19 pandemic, which Convey said has created a whole new set of challenges for retailers to win customers and also meet seasonal demands amid a global pandemic.

Forward Air officials said that the purchase price is $2.25 million, with Value Logistics generating roughly $6 million in annual revenues. The transaction, which Forward Air said will be funded from cash on hand, will be made official later this month.

A research report pointing to ways in which the strategy can impact industrial site selection on various fronts. The CBRE research report, entitled “Changing Patterns of Trade Benefit U.S. Industrial Real Estate,” explained that while imports from Asia have historically entered the U.S. through West Coast ports, in recent years there has been an increase in companies adopting a regional distribution model with warehouses near growing population centers for quicker deliveries, as well as lower domestic transportation costs.

The report, entitled “Rising Tide: The Rapid Growth of E-Commerce Logistics, 3PL Solutions, Last-Mile Delivery, and the Dominance of Amazon,” addresses United States e-commerce logistics growth, including e-commerce fulfillment and last-mile delivery, third-party logistics provider alternatives to Amazon, and Amazon’s leading market position, among other related topics.

American Eagle Outfitters supply chain leader talks about his career, the future of retail fulfillment and how businesses can survive COVID and the shift to omni-channel delivery.

Like seemingly everything else in Washington, Republicans and Democrats are light years apart in negotiations over a new five-year federal highway spending bill, and seem likely to kick the problem into 2021. That inaction—on what was once considered a so-called “must-pass” piece of legislation—is frustrating to leading trucking executives and others who rely on a modern American infrastructure network of interstate highways, bridges, ports and airports.

Logistics Management Group News Editor Jeff Berman recently caught up with Frank McGuigan, CEO of Dallas-based Transplace, a non asset-based third-party logistics services provider. McGuigan offered up his observations on various topics, including the company's aproach to M&A, the impact of the COVID-19 pandemic on logistics, inventory management, and the upcoming Transplace Shipper Symposium, among others.

Logistics Management Group News Editor Jeff Berman recently caught up with Jerry Hempstead, principal of Orlando-based Hempstead Consulting. The pair discussed a wide range of parcel-related topics, including: the impact of COVID-19 on rates and pricing; peak surhcharges; the e-commerce supply chain; and the current status of the United States Postal Service, among others.

The report’s key indicator—the Services PMI (formerly the Non-Manufacturing PMI)—slipped 1.2%, to 56.9, in August (a reading of 50 or higher indicates growth is occurring). This came on the heels of a 1% gain to 58.1, in July and an 11.1% gain, to 57.1, in June, which halted a two-month stretch of declines.

Global agreement addresses handling and repair of Sonoco ThermoSafe’s Pegasus ULD bulk temperature controlled containers used in pharmaceuticals.

The growth rate of e-commerce and direct-to-consumer delivery of chilled and/or frozen products was judged to be rapidly expanding before the advent of COVID-19. But now that the pandemic has hit full force the trend is explosive.