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Brooklyn, New York, United States
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Frazer Kinsley
Prompt: CPG brand wants to save $100K in annual outbound freight. But how? By switching from FOB > Prepaid, moving 3rd party fulfillment to a more optimal location, and utilizing a single, managed service provider. On the surface, allowing your distributors to handle your freight (FOB) seems easier-- and to some degree it is, especially those with lean teams and low overhead/expertise. More often than not though, it puts your company at risk of not only higher freight costs, but also significantly less control, pigeon-holing, and decreased consolidation opportunities (especially at scale with multiple customers). By partnering with a single managed provider you're able to: 🔗Take control of your outbound freight without having to manage it. 🔗Leverage that service provider's buying power, relationships, and network analyses to get better pricing, more consolidation opportunities across the network, and increase OTIF while decreasing CPU. 🔗Have a point of contact that becomes an extension of your team (and even become your supply chain team) without having to add any additional overhead. If you're a CPG/Food + Bev company and are: Looking for options to control costs and increase gross profit/improve contribution margin. ~or~ Haven't ever had a supply chain analysis on your current state to offer options on how to drive out costs outside of the typical "high surcharges", "capacity", lack of flexibility. Don't hesitate to reach out! 👉 Cost analysis attached below is recent client example: Beverage brand located in South Florida. Copacker located in Denver, fulfillment moved to Kansas City. Total Savings (annualized): $97,760 Interested in learning more? Email us at: sales@linkt.io
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Dmitry Kazankov
Coyote Logistics’ $1B Acquisition by RXO: Unpacking the Deal’s Winner RXO’s Billion-Dollar Move United Parcel Service and third-party logistics provider RXO struck a deal on Sunday. It matters more for RXO — and its stock. UPS said it is selling the third-party logistics provider Coyote Logistics to RXO for $1 billion. Coyote is a freight broker. It doesn’t own trucks, but aggregates demand from customers who need shipping and supply from truckers who can move material, matching supply and demand for clients. That’s a similar business to RXO’s. UPS, of course, owns a lot of trucking assets. "The deal is expected to make RXO the third-largest freight brokerage in North America, moving up five spots," said analyst. Seidl adds that RXO got a good deal “buying at the bottom of the market.” UPS bought the Coyote business in 2015 for $1.8 billion. He rates RXO stock Hold and increased his target for the stock price to $23 from $20 following the deal. Seidl doesn’t cover UPS stock. UPS said it was happy with the price it is getting. A look at Coyote’s financial performance sheds some light on the number. Coyote generated sales of roughly $3.2 billion in 2023, meaning RXO is paying about 31% of the prior year’s revenue. UPS paid $1.8 billion ... https://lnkd.in/ePiNZXKE
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Matthew Leffler
Focus on your core competency There has been much said & even more written about RXO, Inc.'s acquisition of Coyote Logistics. My good friend, Grace Sharkey 🚛🤖💙 wrote of the deal over the weekend. For those in the business, this deal comes as little surprise. It's no secret that UPS has struggled to make sense of the volatile world of the brokerage industry. When it's good, it's great, but when it's bad... it's really bad. And lately, it's been really bad. While leaders are tasked with unlocking new revenue, not all that glitters is gold. And oftentimes those same leaders make the case that an acquisition creates the magical formulae of 1 +1 = 3. So let's do the math: UPS bought Coyote Logistics $1.8 billion in 2015. RXO, Inc. will buy Coyote Logistics from UPS for $1.025 billion sometime in 2024. 9 years & nearly $1 billion (that's billion with a 'B') in value gone. This is not an aberration. Brokering freight is increasingly commoditized & the margins of 2015 will likely not materialize for some time. I believe that RXO, Inc. got a great deal. I believe Coyote Logistics is a great company. The deal makes sense, but the landscape is changing. 2H of 2024 is going to be very, very interesting. https://lnkd.in/gt9MGusT
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Matt Burroughs 🚚📦🚢
Looking to amplify your profitability on Amazon? Take a page from music retailer Austin Bazaar. We’re hosting a live virtual event on Tuesday, July 16 with Austin Bazaar CEO Suman Singh. He’ll unpack the retailer's fine-tuned Amazon strategy and why they chose Seller Fulfilled Prime. Plus, you’ll learn: 🎸 Austin Bazaar’s origin story—from tools to guitars 🛒 The current state of online marketplaces 🏆 Pros and cons of Amazon SFP from a seller’s perspective 📝 Tips to fine-tune your own marketplace strategy Sign up here: https://lnkd.in/eWS_V7iC. #amazon #marketplaces #fulfillment #ecommerce #webinar
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Dominique Pierre Locher 🥦🥕🍓🥬🚜 🐶
Instacart delivers impressive Q1 results and announces new CFO ! Instacart has just reported an impressive start to 2024, posting strong Q1 results that surpassed their earlier projections in several key areas. The grocery e-commerce giant announced a significant 8% increase in revenue compared to last year, reaching $820 million. Their order volume also saw a healthy increase, with nearly 73 million orders processed, marking a 9% year-over-year growth. The company's GTV soared to more than $8.3 billion, an 11% increase and the highest since Instacart went public last September. These numbers indicate a robust period of growth and efficiency, bolstered perhaps by strategic partnerships and enhanced service offerings. In leadership news, Instacart announced a significant change in its executive team. Nick Giovanni is resigning as CFO, and Emily Reuter (Maher), previously the VP of Finance, will be stepping into the role. Emily brings her extensive experience from Uber, and her transition into the CFO role is expected to continue driving the financial strategy and growth at Instacart. These developments are intriguing, especially considering Instacart's ongoing efforts to expand beyond their traditional grocery delivery model. The company's new partnership with Uber to introduce restaurant delivery options shows a strategic pivot that could redefine how we think about food delivery services. As Instacart continues to evolve and expand its business model, it will be interesting to see how they leverage their market position against competitors like Amazon and how they further integrate new service offerings to enhance user engagement and increase market share. #Instacart #ECommerce #BusinessNews #CorporateLeadership #MarketTrends #RetailIndustry #FMCG #DigitalTransformation #GroceryDelivery #InnovationInRetail #RetailTechnology #FoodTech
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John McClymont
Walmart's Taking On More Of Your LTL Consolidation To Make It Easier To Sell Through Them This is the third high-tech consolidation facility that Walmart has opened in the last few years. While other retailers are sitting around thinking if they should launch another RFP to save $0.10 per package - Walmart is building infrastructure for the future. These facilities consolidate general less-than-truckload (LTL) shipments from suppliers into truckload shipments (TL). Walmart then has these loads sent to their regional DCs. If one thing is clear, is that it's never been more important to work with partners that push the boundaries of your current processes. That help drive real change and real transformation. Companies must adapt and accelerate their innovation. Most organizations don't have the capital and won't be able to replicate what Walmart and Amazon are doing. But just because you don't have billions to spend on trucks and buildings, it doesn't mean you don't have all kinds of opportunity to deliver a unique customer experience and take advantage of emerging segments where the biggest retailers and carriers will struggle in. -------- ---------- ---------- ---------- ---------- Would your network find this interesting? Be the first to get it to their feed by commenting or sharing Get my Deeper Dives newsletter 1x/wk 👇 https://lnkd.in/dCsUAauR Want to submit a question for me to write about 👇 AMA: https://lnkd.in/e3RjBiJD
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Menachem Chayempour
I'm a big fan of stats, So here's an interesting stat I get asked about a lot, 60% of the companies we've helped were looking to switch 3PL providers because of something they didn't like about their 3PL. 30% of the companies we've helped were looking to partner with a new 3PL in a different region or country due to their growth and expansion. 10% of the companies we've helped were switching from in-house fulfillment to outsourcing fulfillment. The stats on our inquiries are slightly different, 50% of new inquiries are from companies looking to switch 3PL providers. 40% of new inquiries are from companies looking to switch from in-house to outsourcing. 10% of new inquiries are from companies looking to expand in a new region or country. The reason why the percentages between inquiries and companies we've helped vary drastically for new companies switching from in-house to outsourcing is simple; I advise against it, Under 500 monthly orders are not worth it for the brand, and it's definitely not worth it for the 3PL. Do you find your stats align with mine?
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Menachem Chayempour
Why Are Brands Still Doing In-House Fulfillment When the Giants Are Using 3PLs? Shopify acquired Deliverr Inc., then sold its entire logistics arm to Flexport, a 3PL provider. They couldn't balance building a platform and managing logistics. SHEIN, which now offers 'Supply Chain As A Service,' didn't build out its own network of 3PLs; it just partnered with Flexport. Even TikTok doesn't actually fulfill orders for its shop. Instead, it partnered with ShipBob and Huboo (Avoiding Shopify's mistake). Scaling fulfillment is no joke, and 3PLs are experts. So, why are some brands still clinging to in-house fulfillment? Managing inventory, warehousing, and shipping is a complex beast. A good 3PL can handle everything, freeing you up to focus on what you do best: building your brand and selling amazing products. Is in-house fulfillment ever a good idea? Sure, for very specific situations. But for most growing brands, a 3PL partnership is the smarter move.
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Philipp Slappnig
What are 'Placement Protocols'? They're the protocols you need to focus on to make progress with hiring within the Logistics industry. Most companies don't do this. Most just try to fill roles without a clear strategy. If we're brutally honest, many are not very strategic in their approach. Focusing on the right 'Placement Protocols' helps streamline efforts and makes everything more effective. My clients suffer from some of the following, so this is what I focus on: - Struggle to attract top talent - Lack of understanding of candidate motivations - Use outdated job descriptions - Can't articulate the company culture effectively - Start the hiring process the wrong way - Don't know how to leverage LinkedIn for recruitment - Scared to take risks with unconventional candidates - Think good candidates will just come to them - Use outdated interview techniques - Read the wrong hiring guides - Can't conduct effective candidate discovery - Think they can identify top talent but can't - Don't have a solid candidate engagement strategy - Don't have clear Placement Protocols - Talk about roles in a generic way - Are not known for a unique recruitment approach - Worried about high turnover rates This is why I've created 'Placement Protocols'. Now you know. #transportation #logistics #humanresources #ceo
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Jan Zizka
Excited to talk about how AI is transforming grocery #supplychain at Grocery Doppio’s upcoming virtual event joining a panel alongside Alonso Vargas from Radius Networks | Flybuy, Tim Denman from Grocery Doppio, and Matt Van Gilder from SpartanNash to share insights on how grocers are leveraging #automation and AI to fulfill shopper demands more efficiently and outpace the competition Register using the link in the comments below Incisiv
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Nick Dangles
For a new broker, one of the easiest hacks to book more freight is just learning how to effectively use your TMS's internal load boards. You want to make it as easy as possible to identify freight that's going to be a good fit for your carriers: - What's moving today? - What's moving in the next few days? - What's coming out of xzy location? - Etc. If you're just scrolling haphazardly through your open board, hoping to find the loads you want, you're doing it wrong. #freight #3pl #transportation
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Erez Herschkowitz
CROSS DOCKING RE-STACKING NY In the fast-paced world of logistics, efficiency is paramount, especially in a bustling city like New York. Businesses are constantly seeking ways to streamline their operations, and one strategy that has emerged as a game-changer is Cross Docking. This innovative approach to handling goods is transforming the way products move through the supply chain, particularly in urban centers like New York City. Cross Dock Service Long Island Cross Dock NY facilities are strategically located hubs where incoming shipments are quickly unloaded from trucks or containers and then immediately reloaded onto outbound vehicles with minimal storage in between. This process, known as Cross Docking re-stacking NY, eliminates the need for traditional warehousing and storage, reducing handling costs and transit times. Restack Skids NYC Restack Skids New York centers play a vital role in the city’s logistics ecosystem, serving as central points where goods from various suppliers are consolidated, sorted, and redistributed to their final destinations. By optimizing space and minimizing handling time, these facilities ensure that products flow seamlessly through the supply chain, from manufacturer to retailer. Cross Dock Facility NY At Cross Dock NY facilities, skilled workers meticulously re-stack skids of goods, maximizing efficiency and minimizing the risk of damage during transit. This meticulous attention to detail ensures that each shipment is loaded onto outgoing trucks in the most efficient manner possible, reducing the time it takes for products to reach their intended recipients. In addition to Cross Docking re-stacking, these facilities also offer value-added services such as rebuilding skids to meet specific customer requirements. This flexibility allows businesses to customize their shipments according to varying demands, further enhancing the efficiency and effectiveness of the supply chain. Cross Docking re-stacking is not only revolutionizing logistics in New York City but also driving innovation in the broader industry. By leveraging strategically located facilities and embracing cutting-edge technology, businesses can optimize their supply chain operations, reduce costs, and deliver superior service to their customers. In conclusion, Cross Docking re-stacking NY is a powerful tool for businesses operating in the fast-paced environment of New York City. By embracing this innovative approach to logistics, companies can navigate the complexities of urban transportation networks with ease, ensuring that products move swiftly and efficiently from supplier to customer. As the demands of the modern marketplace continue to evolve, Cross Docking re-stacking stands at the forefront of innovation, driving efficiency and reliability in the movement of goods across the bustling streets of New York.
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Vernon Tjon-Soei-Len
Brand founders - don’t let your 3PL tell you this half-truth. The ‘99%’ half-truth. Most brand founders are misled by logistics companies. The logistics companies will tell you something like: ”We ship 99% of our packages on time”. Yeah sure. - What happens to them when they leave your warehouse? - Do all of the 99% of orders make it to the customer on time? - Do all 99% of the orders you ship on time get shipped in good condition? - Do all 99% of orders that leave your warehouse on time go to the right destination? The problem is that brand founders are spread thin. So when the founders outsource logistics, they expect it to ‘just work’. There’s no time to keep close tabs. And the logistics industry knows that. So there’s no incentive to fix BIG problems. Instead, providers pass the blame around when things go wrong and sell their services on shaky foundations. Which is why the logistics industry is so broken. But there’s already a solution out there. I saw the solution first-hand when I ran Amazon Flex in the UK. Fulfillment by Amazon (FBA) has solved the problem by connecting the dots. Rather than being exclusively a warehouse, exclusively a delivery company, or exclusively a sorting facility, they have taken ownership of the whole system, from order receipt to product delivery. I wanted to build a logistics company like that. So that eCom/DTC businesses who don’t want to use Amazon can still have that world-class approach. That’s why I built Bezos.ai. I’m now obsessed about the whole order journey, not just what leaves the warehouse. Quick question to DTC/eCom people: were you aware of this issue?
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Global Logistics Group LLC
🚨 NEW SERVICE ALERT 🚨 GLG now offers LTL shipping with 🔹 all your preferred carriers on one platform 🔹 on-demand rates in one portal (so you can close those 20 open tabs) 🔹 automated dispatching and tracking + a human team to proactively problem-solve the way technology can't Take advantage now! First users of our LTL service get 5% off their initial shipment. 🎉 Link to get a quote in comments! #LTL #LTLFreight #Ecommerce #Logistics #Transportation
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1 Comment -
Tevin Matich
2022-2023 Parcel Carrier Volume & Revenue: Amazon - volume grew 15.7% & revenue grew 19% UPS - volume declined 10.3% & revenue declined 6.4% FDX - volume declined 6.1% & revenue declined 3.1% Shippers - When volumes were high during Covid - prices followed suit. Now that volumes are low, have your prices followed suit? If your carrier told you that your new agreement was a cost reduction from the prior agreement, have you modeled/validated that? Do you have visibility to monitor your costs in real time? Is it almost time to renegotiate your next agreement? If any of these questions are floating around your organization, let's connect and have a conversation around how to close those gaps & ensure you have the confidence & clarity that your next moves are the right moves. https://lnkd.in/eYyGNAyG
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Ryan Schreiber
Hot take on RXO, Inc. acquisition of Coyote Logistics Makes a ton of sense. Coyote tech was out of date and RXO is best in class. That’s a area other bidders would have had to invest heavily in that’s solved. Also their ability to still service TFI International Inc. and XPO LTL business has great synergies for all three businesses. Moreover, the RXO/XPO family of companies have shown that biz integration is a core competency. They’re as likely as any company to actually realize the value (unlike most M&A efforts). Finally - this is the starting gun that a bunch of companies and firms needed to get the M&A markets in logistics moving again. 2H is going to be spicy 🥵
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Jalen Jones
With all the pessimism surrounding the NY market, rightfully so, it’s refreshing to see operators making strides & starting to see wins. These pioneers are navigating extremely murky conditions for a CHANCE to build this market. 🫡 to that are heads down putting in WORK & persevering through 💩#NYMarket #Retailers #Pioneers #HardWork #NYCannabis #CannaTech
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Freight 360
Can you imagine building a successful freight brokerage from scratch? This episode of Freight 360 podcast is your ultimate guide, packed with actionable insights on everything from securing your first customers to building rock-solid relationships with carriers. Join our hosts, Nate Cross and Benjamin Kowalski here https://lnkd.in/eHbVY6_U Let's Talk Freight! #FreightBrokerage #Freight360 #LogisticsPodcast #SupplyChainInsights #FreightIndustry #CarrierRelationships #CustomerAcquisition #EntrepreneurLife #BusinessGrowthTips
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Mr. Dennis Ford Jr.
Question everyone is the COST of logistics causing this to happen or is it just the economy as well. I am here to open the lines of conversation on this one, that effects every American. P.S. Do not spit out your coffee or tea when you read it. #economictimes #highfoodcost #globalfoodcost #relocate #transfertoalowercostofliving #farmingyourownfood #offgridliving Shawn Mahdavi Ovit Pursley Jarrod Tallman, MID Jaleel Manns https://lnkd.in/geDMTZ67
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