Funding in hand, ELMS readies for electric vehicle launch later this year
Electric Last Mile Systems went public through a SPAC merger on Monday, with its stock initially jumping about 10% before sliding as the morning trading session wore on.
Modern Shipper covers the gig economy, including same-day, on-demand, and last-mile delivery jobs and services. Readers will find current news on gig economy companies, gig economy workers, gig economy data and trends. In addition, Modern Shipper focuses on e-commerce, e-commerce platforms and companies, and e-commerce services and technologies.
Electric Last Mile Systems went public through a SPAC merger on Monday, with its stock initially jumping about 10% before sliding as the morning trading session wore on.
Last-mile delivery firm AxleHire has added a sortation center in Chicago, where it will start making deliveries using its expanding transportation network.
Greater package volumes are dictating FedEx’s purchase of 20 more cargo jets.
Sendle is known for offering e-commerce sellers flat-rate shipping options, and now it has an additional $35 million to accelerate expansion of its network.
Chinese ride-hailing company Didi has filed for an IPO on the New York Stock Exchange, but some analysts are already questioning the long-term value of the stock.
The union’s declaration establishes the `Amazon Project,’ with the long-term goal of creating a division to organize company workers.
Amazon warns that third-party sellers and customers would be harmed if the company were forced to divest its logistics operations.
Afterpay, a buy-now, pay-later provider, has inked deals with 13 major retailers representing nearly half of all e-commerce purchases.
Surefront has introduced an end-to-end product lifecycle management tool that connects all steps in the product development and go-to-market process in a single virtual environment.
The 32nd version of the venerable report waxes philosophical on why more, not less, logistics spending will be needed.
ShipHero’s SaaS and e-comm 3PL businesses complement each other.
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.
In the apparel world where trying on clothes is so vital to sales, the COVID-19 pandemic presented challenges. Iconic brand Levi used the pandemic to accelerate digitization in its supply chain, and it paid immediate dividends.
Security firm ADT has introduced free apps that allow rideshare and delivery drivers as well as passengers to connect discreetly with emergency services when they feel at risk.
E-commerce fulfillment provider Transportation and Logistics Systems has reached an agreement to acquire SalSon Logistics for $90 million. However, the deal doesn’t yet have financing in place.
Electric vehicle manufacturer ELMS will debut a prototype of its Class 3 cargo van at the FedEx contractors event at the end of July.
Berkshire Grey has released its next generation of warehouse robots that it said will speed fulfillment time for retailers.
Uber will acquire the remaining 47% of on-demand grocer Cornershop that it doesn’t already own, the company said in an SEC filing.
Even as sellers expect higher sales on Amazon Prime Day, there are worries about getting inventory, finding places to store it and shipping it to the customer.