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Trucking company Schneider National Inc. is looking to expand its role in chemical distribution through an investment in a startup that is building an online marketplace for industrial raw materials. The Green Bay, Wis.-based carrier led a Series A funding round for ChemDirect Inc. that will give Schneider a minority stake in the business and …

ChemDirect closes Series A funding round led by trucking company Schneider Read More »

Honor Foods expands its foodservice redistribution capability through Burris Logistics’ purchase of the R.W. Zant. Honor Foods announced the expansion of its food service distribution network in the western United States through acquisition. The company’s parent, Burris Logistics, acquired Los Angeles-based R.W. Zant, which specializes in the storage and distribution of meats and proteins. The …

Honor Foods expands its food service distribution network Read More »

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 …

Descartes Systems Acquires XPS Technologies Read More »

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 …

Supply chain upgrades are coming to Dollar Tree Read More »

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 …

Amazon Relay rewards carriers with program Read More »

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 …

Bain Capital and Barber Partners announce $500 Million partnership to build cold-storage warehouses Read More »