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Ryder System Inc. Target of Takeover Bid by Private Equity Firm

| Mike O'Brien

Ryder System Inc. has become the target of a takeover bid by Miami-based private equity firm HG Vora Capital Management, at a proposed price of $86 per share, a 28.4% premium to its 30-day average, according to an SEC filing. Ryder, whose stock surged in response, has itself has been acquiring 3PL assets and investing in technology.

USPS letter carrier

USPS Cubic Pricing a Benefit for Heavier Items

| Mike O'Brien

Adding a cubic pricing option for users of USPS Parcel Select Ground product will be a boon for shippers with small, dense and heavy packages but not so much for others, experts said ahead of the July 10 live date for the change. In general, packages must be under 20 lbs. and there’s a 50,000 package a year minimum.

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Amazon Recruiting Rural SMBs as Couriers

| Mike O'Brien

Amazon has quietly been recruiting local businesses in rural areas across 10 states as part of its fulfillment network, earning cash on the side for making deliveries of ecommerce orders in hard-to-reach places for contract couriers, according to Recode. They can earn up to $2,000 a week with the side hustle but assume liability.

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E-Grocery Sales Down 3.8% in April, Dogged by Inflation

| Mike O'Brien

E-grocery sales in April fell 3.8% to $8.1 billion, while order volume was down 5.8% as nagging inflation and the ongoing return to stores hit both order frequency and the number of active online users, according Brick Meets Click and Mercatus. The sector has been giving back some of the the healthy gains it saw in 2020 and 2021.

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USPS Postmaster Warns of “Uncomfortable” Mail Price Hikes

| Mike O'Brien

Postmaster General Louis DeJoy said the U.S. Postal Service will be forced to initiate “uncomfortable” price increases for market dominant USPS products such as first-class mail, marketing mail and periodicals, while shippers using Parcel Select Ground can benefit from use of cubic pricing.

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Shopify Acquires Deliverr for $2.1 Billion

| Mike O'Brien

Shopify is acquiring asset-light last-mile startup Deliverr for $2.1B, further building out its fulfillment infrastructure and giving it a counter-move to Amazon’s new Buy With Prime that extends the Prime experience to other retailers. But the question is, will it be enough to enable Shopify to gain ground on its much larger competitor?

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DynoSafe, Smart Porch Safe, Wins “Shark Tank” Deal

| Mike O'Brien

The founders DynoSafe, maker of a patented refrigerated smart safe for porch deliveries that won a “Shark Tank” investment deal with Robert Herjavec, is in discussion with manufacturers and prepping its go-to-market plan. Fellow Shark Mark Cuban is also on the board of the husband-and-wife-led company.

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Delivery Failures Hit Nearly 75% of Consumers

| Chris Jones

Against a backdrop of supply chain disruption, the ecommerce boom and worldwide driver shortages over the last several years, many brands have faced hurdles concerning fulfillment while logging more home deliver failures. Although some have tailored their strategies to overcome them, others haven’t been quite as successful.

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Farmstead Looks to the Burbs for E-Grocery Growth

| Mike O'Brien

E-grocery platform Farmstead is expanding into suburban markets with an offering tailored to the mass market. It targets the 70% of suburban consumers shopping mid-market grocers and have few delivery options. Co-founder and CEO Pradeep Elankumaran, talks about the business model, outsourcing of its tech stack and expansion plans.

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UPS Beats on Profit Even as U.S. Volume Drops

| Mike O'Brien

UPS reported higher-than-expected first-quarter earnings, even as domestic volume declined for the second consecutive quarter, as its pricing strategy and focus on profitable business over volume continues to pay lucrative dividends during the ongoing ecommerce boom. SMB and B2B growth continue to be strong.