Thursday, August 18, 2022

Demand for secondhand equipment soaring as businesses tackle COVID

Enquiries for finance for secondhand equipment have increased significantly. Businesses are looking for clever ways to grow their business in response to COVID market opportunities.

Leading freight forwarder: More pain on the way, buy more and stock up!

Over 20 years ago, when Carlos Villazon was riding around town at the tender age of 17 as an apprentice freight forwarder for a local Sydney company delivering paper contracts and handwritten cheques, he had no idea that he would later become one of the most in-demand and valuable business assets during a worldwide pandemic. But that is exactly what has happened, and Carlos and his fellow business partner, Chris Dimitriou are now front and centre of a pandemic supply chain storm helping businesses to navigate the choppy, if not at times, cyclonic, conditions.

Rand McNally buys Fleetsu, growing globally in connected vehicle tech

Rand McNally, in a move to elevate its place in the connected vehicle space, has acquired Australia's Fleetsu and its innovative, flexible platform. TELEO Capital, which purchased Rand McNally in Q4 2020, bought Fleetsu, combining the fleet organizations as part of its pledge to significantly increase its investment in best-in-class solutions for the transportation market.

FedEx expands shipping capacity between Australia and New Zealand

FedEx Express, a subsidiary of FedEx Corp. and one of the world’s largest express transportation firms, announced the launch of a new trans-Tasman service directly connecting Christchurch, Auckland and Melbourne. The flight will be operated by Airwork, with dedicated block space allocated to FedEx. FedEx customers can enjoy greater connectivity, shorter transit times and additional capacity to send shipments between Australia and New Zealand. 

Logility to buy network optimization provider Starboard Solutions Corp

Logility, Inc., a player in supply chain innovation powering the sustainable and resilient enterprise, announced it has signed a definitive agreement to acquire Starboard Solutions Corp., a Traverse City, Michigan based innovator of supply chain network design software.

Lineage buys Cold Storage Nelson to further expand New Zealand footprint

Lineage Logistics, LLC. (Lineage), an innovative temperature-controlled industrial REIT and logistics solutions provider, announced it has acquired New Zealand cold storage business, Cold Storage Nelson Limited (CSN). Financial terms of the transaction were not disclosed.

Rendr teams up with Starshipit to power same day delivery for retailers

Rendr has partnered with fulfilment automation platform Starshipit to provide retailers the ability to unlock on demand delivery capabilities. With Rendr’s multi carrier on demand solution integrated into the Starshipit universe, retailers have access to the largest suite of on demand carriers, allowing clients to have orders delivered in as little as a matter of hours.

FedEx Corp announces a new CEO after executive board reshuffle

FedEx Corp. (NYSE: FDX) announced that, effective June 1, 2022, Frederick W. Smith, Chairman and Chief Executive Officer, will become Executive Chairman, and Raj Subramaniam, President and Chief Operating Officer, will be promoted to President and CEO. In addition, R. Brad Martin, Chair of the Board’s Audit Committee, is now non-executive Vice Chairman of the Board. As Vice Chairman of the Board, Martin is the Board’s designated successor to serve as Chairman of the Board. David P. Steiner, Chair of the Board’s Governance, Safety, and Public Policy Committee, will continue to serve as Lead Independent Director.

ShipBob appoints Guillaume Deront as General Manager of Australia

ShipBob, the omnifulfilment platform and US-based supply chain tech unicorn, announced that Guillaume ‘G’ Deront has been appointed General Manager of Australia. He will head ShipBob’s business in ANZ. Deront comes to ShipBob from Shippit, where he led the Sales and Success teams, working with omnichannel retailers to optimise their last-mile strategy.

Continued product shortages leave Aussie shoppers frustrated and angry

Supply chain issues continue to impact Australians, affecting both their mood and shopping behaviour, according to new research by Toluna, a leading consumer intelligence platform.