Hits of the Week 6-6-22

| David Hurwitz

Register now and join Multichannel Merchant and experts from Instawork for a free live webinar on how to take strategic advantage of flexible labor for ecommerce fulfillment, to be held … Continue Reading →

Domestic Parcel Growth Much Slower in 2021

| Mike O'Brien

While U.S. parcel volume rose nearly 6% to 21.5B pieces in 2021, it was the slowest growth in five years, and considerably less than the massive 31.5% gain in a pandemic-driven 2020, according to Pitney Bowes’ annual index. It also showed smaller carriers growing rapidly but still holding a tiny percentage of the overall pie.

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.