Boxbot, a startup that pivoted from autonomous vehicle technology to automated parcel storage and retrieval for last-mile delivery applications, announced a $12 million Series A round that will help the company deploy its “three-dimensional conveyor belt” that handles sequenced sortation.

Simon Property Group has expanded a partnership with retail technology provider Dropit to offer its tenants the ability to optimize functions like ship from store, inventory management and returns, powered by AI, initially at 60 Simon locations. Dropit’s technology sits on top of a company’s OMS, WMS and inventory management systems, augmenting order sourcing, fulfillment, delivery and returns.

More retail and ecommerce companies are forging partnerships with third-party logistics providers (3PL). They’re realizing fulfillment and shipping demands will continue to outstrip their internal capabilities. To address this growing need, Multichannel Merchant’s Top 3PL directory is a curated listing of over 60 profiles of leading providers. The submission period is now open for our 2024 directory.