merger

Boxed MaxDelivery bike feature

Boxed Gets Into Fresh Groceries With MaxDelivery

| Mike O'Brien

Boxed, a seller of subscription bulk CPG items through its automated facilities that competes with Costco, BJ’s Wholesale and Sam’s Club, is expanding into fresh, on-demand grocery delivery with the acquisition of New York-based MaxDelivery. The company plans to leverage MaxDelivery’s high AOV model into other markets in 2022.

LaserShip delivery feature

LaserShip Acquires OnTrac for $1.3B, Looks Nationally

| Mike O'Brien

Regional carrier LaserShip is acquiring competitor OnTrac for $1.3 billion deal, in one fell swoop changing the equation in last-mile parcel delivery by giving the combined entity coverage of three-quarters of the continental U.S. as ecommerce demand continues to soar.

Transportation Insight logo feature

Transportation Insight Acquires Spend Management Experts

| Mike O'Brien

Transportation Insight, a logistics technology and services provider based in Hickory, NC, has acquired Spend Management Experts, a leading parcel spend management consultancy, to augment its expansion into the ecommerce and small parcel space as it continues to grow rapidly. The deal closed at the end of December.

Tuft & Needle to be Acquired by Serta Simmons

| Mike O'Brien

Startup online mattress seller Tuft & Needle will be acquired by old-line mattress company Serta Simmons Bedding for an undisclosed sum, according to various media reports, as Serta looks to bolster its digital presence and gain back share grabbed by new online players.

Albertsons and Rite Aid to Merge

| Daniela Forte

Albertsons and Rite Aid plan to merge, with Rite Aid top executive John Standley as CEO and Albertsons chairman and CEO Bob Miller as chairman. Terms of the deal were not disclosed. See how the merger will expand Rite Aid’s omnichannel operations.