French Supply Chain Giant Geodis to Buy OHL
Continuing a recent trend in logistics consolidation, France’s supply chain giant Geodis plans to acquire U.S.-based 3PL OHL for an estimated $800 million.
Shipping/Delivery
Coyote Acquisition Helps UPS with Backhaul, Peak Season Demand
The ability to buy its way into the full truckload (FTL) brokerage sector and provide backhaul services are what led UPS to its $1.8B Coyote acquisition.
Startup Wonolo Gives Ecommerce Firms On-Demand Staffing
Startup Wonolo, an app that matches workers with available temp positions, has based much of its growth on ecommerce firms needing fulfillment staff.
O+F Advisor Distribution Center Roundup, Aug. 17, 2015
A listing of recently announced B2B and B2C distribution center and fulfillment center expansions, additions and closures.
NASA Helps Google Skirt Drone Testing Rules
Google has been quietly conducting drone testing for the past year through a deal with NASA, effectively skirting FAA rules that Amazon has been abiding by.
USPS Sees Smaller Loss, Gains in Package Delivery for Q3
The U.S. Postal Service saw a smaller net loss in its third quarter, and continues to record gains in its shipping and package operations.
Macy’s To Expand Same-Day Delivery to 9 New Markets
After a successful fall pilot in 8 markets, Macy’s is expanding same-day delivery service to 9 additional metro areas, giving it greater reach than Amazon.
UPS to Acquire Coyote Logistics for $1.8 Billion
UPS will acquire Coyote Logistics, a technology-driven, non-asset based truckload freight brokerage company, for $1.8 billion from Warburg Pincus.
Jet Sets Bold Goal of $20 Billion by 2020
Fresh off its launch, Jet is betting that delivering savings by pulling out supply chain costs will lead to ultimate success in a space dominated by Amazon.
EU Probing FedEx’ Proposed Acquisition of TNT Express
The EU is investigating whether FedEx’ proposed acquisition of TNT Express would be an anti-competitive deal in the European parcel delivery market.