Rivian for the win: Electric-vehicle maker targets $8B IPO windfall
Electric-vehicle maker Rivian is said to be looking for as much as $8 billion from its upcoming IPO, which would make it the fourth-largest U.S. IPO in the past 10 years.
Electric-vehicle maker Rivian is said to be looking for as much as $8 billion from its upcoming IPO, which would make it the fourth-largest U.S. IPO in the past 10 years.
Some large buy-now, pay-later providers are dropping fees for late payments, and they could be digging themselves into a hole.
It will take assassins accuracy, but Amazon has all the data to make aiming an afterthought.
An FMC advisory committee has been formed amid ongoing shipper complaints of carrier market power abuse.
One major concern for the opposition is a possible explosion of lawsuits under the state’s PAGA provision.
The tech-focused online seller is bringing same-day services across Southern California, reaching the state’s five largest counties.
Target has acquired tech companies and delivery providers, all in a quest to better manage its e-commerce logistics networks.
Andrew Cox and Anthony Smith talk about the alternatives to Amazon on this episode of Great Quarter, Guys.
About 180 truck drivers being laid off in Texas, New York and California.
ATSG also owns two aviation maintenance facilities and a logistics operation.
Sudden end to inbound deliveries in Albany will force shippers to seek alternatives.
Electric vehicle maker Rivian has filed for an IPO that could value the company as much as $80 billion.
Does the search for a completely safe driverless truck mean that everything should wait for perfection? David Liu doesn’t think so.
After a year-plus of online schooling, back-to-school shopping isn’t what it used to be.
Americans plan to increase their holiday shopping spend in 2021, according to a survey from e-commerce firm Radial. That could strain overburdened last-mile delivery networks.
Amazon is reportedly looking to open physical store locations in at least two states.
E-commerce tools have made retail shopping extremely convenient. Now, companies want to bring that convenience to the health care supply chain. Health care’s complex and highly regulated environment may make that difficult.
The food and drug retailer is taking a page from Amazon’s playbook.
The company’s disaster relief guru explains how its new program could change the way the logistics industry responds to disasters.
Faisal Masud, CEO of headless commerce provider Fabric, says e-commerce is still in the early innings, but individual brand growth could be held back by traditional commerce platforms.
DHL’s delivery drone had been in the works since 2013, but it’s been scrapped.
The always-contentious UPS-Teamsters negotiations could hit new levels of enmity should Sean O’Brien be elected Teamsters president.
Autonomous trucks without human drivers are still years away, but Plus shows what is possible on an open road in China.
South Korea-based Pablo Air finds a new U.S. testing ground.
They say every company is a tech company. Is Walmart next?
Shipping and fulfillment costs continue to escalate at double-digit levels.
Package theft is one reason interest in smart parcel lockers is growing among Americans, and as a result, more businesses are looking at installing them.
Experiencing the view from the passenger seat of a PlusDrive-equipped truck navigating a northern California rush hour.
Uber will partner with national grocer Albertsons and 1,200 of its stores.
Knight-Swift’s acquisition highlights the LTL industry’s sweet spot in the e-commerce supply chain, says a noted consultant.
The United States’ resident delivery colossus could unveil a game-changing last-mile solution.
Amazon accounts for its carbon intensity, emissions, renewable energy and decarbonization strategies and provides updates on The Climate Pledge in the 2020 sustainability report.
Two Oregon delivery providers have terminated their contract with Amazon, but the e-tailer has countered and said the companies wanted $36 million to continue servicing the contract.
On the path to 100% renewable energy by 2025, Amazon is investing in 14 new projects and touts it is the “largest corporate buyer of renewable energy” in the U.S. and the world.
The union’s declaration establishes the `Amazon Project,’ with the long-term goal of creating a division to organize company workers.
“I think if your company value is rooted in working backwards and focused on the customer. … That’s how I think true inventions happen,” explains new Convoy CTO, Dorothy Li.
On this episode of Point of Sale, Andrew Cox works to reveal some of the secrets behind the success of Amazon from retail to logistics.
Embark Trucks plans to go public at a $5.16 billion valuation with sponsorship by the special purpose acquisition company that backed Lion Electric.
The parent company of Saks OFF 5TH, the discount designer retailer, will spin off its e-commerce business in a new entity with fresh funding from Insight Partners.
As shippers work to fulfill the orders from Prime Day, there are many lessons that can be gleaned to improve the overall customer experience.
Amazon is ordering 1,000 trucks and will pay $150 million for a 20% stake in autonomous truck software developer Plus.
“Historically, patents were a source of value creation. But today, innovation often comes from other places,” says supply chain technology investor Benjamin Gordon.
Decision to secure dedicated vessel highlights unprecedented strength of container shipping and risks faced by importers.
A majority of businesses plan to maintain online buying processes put in place during COVID-19 even after the pandemic subsides, according to an Amazon Business survey.
Love it or hate it, the regional parcel carrier looks to clean up as e-commerce drives up demand for parcel-delivery services.
A report said that Walmart-owned Flipkart is close to securing $3 billion in new funding as the Indian e-commerce giant explores a possible IPO.
Petco leverages its stores to fulfill 83% of online sales. That’s much higher than Target’s %, which has the best omnichannel operation in retail.
The Federal Communications Commission is sued over a decision that could affect progress in truck platooning communications.
Unlike in 2020, parcel delivery carriers will have breathing room between late June and the traditional holiday cycle.
Amazon will store and pre-position supplies for quick release in the event of natural disasters.
It seems that centralized buying and local product discovery are polar opposites. How can Whole Foods centralize buying and get better at the local level?
Amazon’s yearslong foray into health care still hasn’t upended the industry, and it’s unclear if the recent steps will change that pattern.
A white paper by TIA and CLDA stresses the need to differentiate from Amazon to succeed in final-mile delivery.
Amazon confirmed its annual Prime Day event will be held in Q2 (likely June), as it seeks to improve on a record Q2 2020, when revenue grew 40%. But there’s also major supply chain reasoning behind the decision.
Truck Talk is a weekly newsletter from FreightWaves that adds perspective and context to happenings in the trucking world.
The Kansas City region, with its centralized location, is becoming a prime area for commercial warehouse space, with KC Smartport expecting 15 million square feet to become available in 2021.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Port Laredo looks to boost produce imports; Texas drug trafficking organizer gets life in prison; e-commerce startup Merama raises $60 million; and Amazon facility set for Texas Gulf Coast.
Amazon planes are shuttling between more than 40 airports in the U.S. That translates into faster e-commerce deliveries by eliminating trucks.
The facility will be located about 8 miles from the Georgia Ports Authority’s Garden City Terminal.
Clean Energy announces more than 10 RNG fueling agreements and expansions in the solid waste industry.
On this episode of Point of Sale, Andrew Cox breaks down the incredible market dominance of Amazon and its logistics network.
Amazon, T.J. Maxx and Critical Materials Corp. have announced plans for major distribution centers in El Paso.
Cargojet wants a bigger slice of the U.S. e-commerce and heavy air cargo market. It’s looking for an investment opportunity and has identified new trends in e-commerce that will keep volumes high in North America.
Andrew Cox kicks off a new era of Great Quarter, Guys by welcoming Zach Strickland as his new co-host.
Amazon’s Prime offering, with its shipment tracking and fast delivery, continues to add pressure to other retailers to match the service. Technology can help up their shipment games, making for happier and returning customers.
You may not have heard of Cainiao, but you know parent company Alibaba is the Amazon of China. Cainiao is powering Alibaba’s logistics and recently arranged air transport from Singapore to duty-free shops in China.
Just months after launching its Key In-Garage Grocery Delivery, Amazon is expanding the service to more than 5,000 U.S. cities and towns.
The best-in-class retailers are aggressively pursuing logistical control over their products while trying to avoid patchwork responses to final-mile delivery.
AfterShip, an e-commerce tracking and post-purchase solutions company, has secured a $66 million Series B investment round, bringing its total funding to $69 million.
In 2020, Amazon nearly doubled: its workforce, its number of facilities and its logistics square footage. In 2021, it plans to double its truckload fleet.
Clean Energy Fuels will provide the renewable natural gas. Amazon could end up owning part of the company.
The container ship now is expected to anchor in San Pedro Bay on May 1.
Logistics warehouse provider Prologis sees the real estate market tightening further in 2021. Rents are expected to step higher by mid-single digits even as more capacity comes online.
Supply chain disruptions like the Suez Canal blockage are forcing brands to a new approach to the supply chain, including ordering more product earlier.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Rural areas are the next e-commerce frontier; Texas FedEx distribution center acquired; Authentic Logistics opens Phoenix office; and CBP seizes counterfeit N95 masks in Houston.
Amazon will begin testing in-home setup of furniture and appliances.
IKEA Canada and its last-mile delivery partner Second Closet will purchase all-electric trucks from Lion Electric to be used for home deliveries.
On this episode of Freightonomics, Anthony Smith and Zach Strickland look at some big decisions affecting Amazon workers and how much cash Evergreen will be coughing up.
Amazon took a page from FedEx’s anti-union playbook, and the message of union irrelevance hit home with the warehouse workers.
Pearl service customers’ imports likely will be delayed arriving from Asia.
The growing number of warehouse workers could be fertile ground for unions’ organizing efforts. But the needle hasn’t moved much.
Amazon Air has hired Canadian all-cargo carrier Cargojet to provide crews, maintenance and insurance for two aircraft it plans to use to move e-commerce parcels.
The city of Aspen has been running a parking reservation pilot program with Coord that enables commercial delivery fleets to secure parking spaces for their vehicles.
ASL Airlines United Kingdom on Monday flew its first cargo flight with an ATR 72-200 turboprop freighter. It is the first carrier to receive an air operator certificate from the […]
“We want to give a voice to third-party sellers,” said Bringg’s VP of Alliances.
Last of major trucking companies to pick an autonomous technology partner, Volvo Group chooses Aurora after three years of quiet collaboration.
Amazon is reversing course and dropping plans to monitor drivers for mask wearing compliance in its branded vehicles.
Air Transport Services Group is riding the e-commerce wave. It’s expanding its fleet to meet demand from Amazon and other customers.
The Maersk Eureka is 650 miles off the coast of Alaska awaiting repairs
Increased use of micro-fulfillment centers and more efficient vehicles and routing can reduce carbon emissions by 25% in urban environments, according to Accenture.
Carol Tomé has blown through UPS like a whirlwind. Will there be long-term blowback?
U.K. delivery company Deliveroo has set its IPO price range, giving the Amazon-backed company a nearly $12 billion valuation.
Sun Country normally flies to sunny destinations. But with Amazon as its cargo customer, it’s heading to Fairbanks, Alaska.
Amazon has started testing Rivian electric delivery vans in San Francisco as part of its planned rollout of 10,000 electric vehicles by 2022.
Brands big and small want more control over the customer experience, including data and service, and technology firms and logistics providers can now offer brands an Amazon alternative. The tension between retailers and brands is nothing new, but the battle between them has never been this acute thanks to the likes of Shopify, ShipBob, XPO and others.
“Nimble is a plug and play solution and has repeatedly demonstrated that its robot systems can be integrated and picking in production on day one without changing a single line of code in the warehouse management system,” said Michael Pucker, chairman and CEO of DNS Capital.
Global payments technology provider Stripe has raised $600 million in a new funding round at a $95 billion valuation, making it the most expensive startup in the U.S.
Borderlands is a weekly rundown of developments in the world of United States-Mexico cross-border trucking and trade. This week: Big changes planned for Pharr bridge; Team Worldwide opens office in southern Arizona; Amazon to open fulfillment center in Texas Panhandle; and CG Railway launches bigger, faster vessels.
Michael Chaves, the former owner of a vehicle-transport carrier, gets 30 months in prison for forging DOT documents and failing to maintain driver certifications.
UPS needs to step up its weekend game if it plans to overcome FedEx’s advantage in e-commerce transit times, a former UPS executive says.