UPS is cutting jobs and considering selling one of its businesses as shipping volumes decline. The shipping giant will eliminate 12,000 positions — chiefly full-time and part-time management roles and contract workers — in a bid to save $1,000,000, the company said during an earnings call Tuesday...
Amazon’s $1 billion Industrial Innovation Fund will target new industries and geographies for 2024. “Our vision to help accelerate automation and supply chain innovation continues to be a key priority and unlock how we can better deliver for customers and improve our workplace for employees,” Franziska Bossart, the fund’s new head,...
Sway, formerly known as ReturnMates, has rebranded and raised $19.5 million in a Series A round to build a “customer-centric” delivery and returns platform. The company will use the new funding to grow its team, enhance its technology and expand its coverage from 20 cities...
Meal kit company HelloFresh is now in the last-mile delivery business. The company announced Tuesday (Nov. 14) that its company-managed fleet is now operating in 19 major metropolitan areas. “Operating its own fleet of nearly 500 vans allows HelloFresh to reduce transit times and leads to a better end-to-end...
September 26, 2023
An estimated 1.7 million packages are stolen each day in the U.S. And that number spikes around eCommerce events and major holidays, representing billions of dollars lost to “porch pirates” each year. “They came up with the mailbox in 1858 because they needed to protect goods from weather, vandalism, and theft. Fast forward to today, […]
September 22, 2023
Wall Street’s focus on FedEx has been trained on cost cutting, and as we profiled here in the immediate wake of earnings, investors have cheered the efforts, pushing the shares higher....
July 03, 2023
According to Raj Ramanan, who has just taken the reins as CEO of AxleHire, the last mile is the last and best chance for eCommerce firms to make the best...
April 26, 2023
Today’s modern and increasingly digital landscape is transforming even the most traditional industries. Including historically relationship-based sectors like shipping and logistics that are riddled with legacy processes and entrenched familial...
January 30, 2024
UPS is cutting jobs and considering selling one of its businesses as shipping volumes decline. The shipping giant will eliminate 12,000 positions — chiefly full-time and part-time management roles and contract workers — in a bid to save $1,000,000, the company said during an earnings call Tuesday (Jan. 30). “2023 was a unique and, quite candidly, difficult […]
January 17, 2024
Amazon’s $1 billion Industrial Innovation Fund will target new industries and geographies for 2024. “Our vision to help accelerate automation and supply chain innovation continues to be a key priority and unlock how we can...
January 11, 2024
Sway, formerly known as ReturnMates, has rebranded and raised $19.5 million in a Series A round to build a “customer-centric” delivery and returns platform. The company will use the new...
October 24, 2023
Shipping platform Shippo and InsurTech Cover Genius have joined forces to introduce an insurance solution for eCommerce merchants and ensure a positive shipping experience for their customers. The solution, Shippo Total Protection, aims...
