Pitney Bowes CEO Gone, Global Ecommerce Unit Likely Up for Sale

| Mike O'Brien

Bowing to pressure from investors, Pitney Bowes has replaced longtime CEO Marc Lautenbach, who is also leaving the board of directors, while a company statement on the news points to the likelihood of a pending sale of the money-losing global ecommerce unit, which investors have also called for. The board named EVP and Group President Jason Dies as interim CEO.

Roadie Expanding Direct-From-Warehouse Delivery Service

| Mike O'Brien

Roadie, a crowdsourced last-mile delivery platform that is owned by UPS, is expanding availability of an app that allows same-day delivery and pickup of ecommerce orders by Roadie drivers from warehouses to local customers, which was launched a year ago by sports apparel retailer Fanatics. The app enables pre-sortation and staging of local orders in a designated area within a facility.

GXO Logistics Acquires PFSweb for $181 Million

| Mike O'Brien

GXO Logistics, which calls itself the world’s largest pure-play contract logistics provider, is acquiring Irving, TX-based 3PL PFSweb for $181 million in an all-stock deal, the companies said, increasing GXO’s presence in apparel, footwear and health and beauty categories. The transaction is expected to be completed in the fourth quarter, and GXI paid a 50% premium to the Sept. 13 close.

Hits of the Week 9-15-23

| David Hurwitz

ICYMI: Danish global shipping and logistics giant Maersk is jumping into ecommerce with a Dallas micro fulfillment center powered by a robotic system from Fabric. It will initially serve one … Continue Reading →

TradeBeyond Acquires Pivot88

| TradeBeyond

HONG KONG, Sept. 13, 2023 — TradeBeyond, the leader of extended supply chain management solutions for private label and branded merchandise, announced today that it has acquired Pivot88, the trusted … Continue Reading →