Wingcopter, a Weiterstadt, Germany-based delivery drone manufacturer and service provider, raised $42m in Series A extension funding. The drone delivery company known for transporting medical supplies like blood and vaccines is hungry for a new direction. The round, tripling the company’s total equity raise to more than $60m to date, was supposed by REWE Group, Salvia and …
Wingcopter receives new funding and plans expansion Read More »
Prologis, the world’s largest owner of warehouse space, said Monday it is acquiring Duke Realty Corp. , in a $26 billion deal that will add 160 million square feet of industrial capacity to Prologis’s world-wide portfolio of 1 billion square feet. Duke Realty, headquartered in Indianapolis, Indiana, controls more than 150 million square feet (13.93 …
World’s largest owner of warehouse space is acquiring Duke Realty Corp. Read More »
Descartes Systems Group, the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired XPS Technologies, a leading provider of e-commerce multi-carrier parcel shipping solutions. XPS provides its cloud-based multi-carrier parcel shipping solutions directly to small, medium and large sized e-commerce shippers. The XPS platform helps customers streamline their e-commerce supply chain …
Supply chain has been a headache for Dollar Tree over the past year. Freight costs, shipment delays, and constraints on its pricing (due to its $1 promise, which the company is backing away from with new pricing and assortment initiatives) have made for a combined hit to the retailer’s profits. The company plans to spend …
Walmart customers in six states will soon be able to have their orders delivered by drone in less than 30 minutes. Through an expansion with operator DroneUp, the big-box retailer said it will be able to reach 4 million households in parts of Arizona, Arkansas, Florida, Texas, Utah and Virginia. The deliveries by air will …
Walmart is expanding drone deliveries in 6 states Read More »
Amazon Relay has a program designed to celebrate and reward the hardworking carriers who participate in the middle mile freight network. Carriers are the backbone of Amazon’s transportation network, so the Amazon Relay Rewards program was created to recognize and benefit them! Those who enroll can earn access to exclusive promotions and view Value Added …
XPO Logistics Inc. has appointed Drew Wilkerson to be the CEO for the planned spin-off of its tech-enabled brokers services platform.Wilkerson will transition to the CEO role with the spin off, which the company expects to complete in the fourth quarter of this year. XPO intends to spin off its tech-enabled brokered services platform from …
XPO Logistics names Drew Wilkerson as CEO for spin-off company Read More »
Barber Partners LLC, a commercial real estate developer, and Bain Capital’s Special Situations strategy (“Bain Capital”) today announced the formation of a national programmatic joint venture targeting the development of approximately 15 Class-A, state-of-the-art cold storage warehouse projects under the Chill Storage brand. The joint venture launches with the objective of deploying $500 million of …
The global supply chain has monumental repercussions on the environment, causing long-term damage to ecosystems and generating record-breaking greenhouse gas emissions. But some of the world’s largest shipping companies are studying methods to reduce the footprint of their operations: Amazon: The company’s plans to make shipment of goods emission-free include deploying 100,000 electric delivery vehicles …
Logistics companies and their goals toward sustainability Read More »
Alpine Air Express, Inc., a leading regional air cargo carrier providing critical air infrastructure supporting a wide range of integrated logistics operations throughout North America, announced that it has acquired Suburban Air Freight Inc. Headquartered in Provo, Utah, Alpine is a leading Part-135 air cargo operator with a long and distinguished history of providing its …
Alpine Air Express Inc. acquired Suburban Air Freight Inc. Read More »