Shopify predicts slowing revenue; investors sink stock
E-commerce platform Shopify said a lack of government stimulus will hold down revenue growth in 2021.
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.
E-commerce platform Shopify said a lack of government stimulus will hold down revenue growth in 2021.
SmartLynx will use the Airbus conversion center to modify a half dozen small jets for full-time cargo operations.
Strong revenue and EPS numbers spark an after-hours share rally.
Tight warehouse supply t o last through 2024, Bjorsen says.
FIRESIDE CHAT TOPIC: Opportunities for automation abound over the middle and last miles SPEAKER: Sam Saad, VP of strategic initiatives for Gatik BIO: Saad currently heads up strategic initiatives for Gatik, a company offering AVs for B2B short-haul logistics. He has a 15-year track record of delivering complex projects across diverse sectors. Prior to Gatik, […]
Microfulfillment will turn brick and mortar stores into giant vending machines, Ladd says
Factored Quality has announced a $5.6 million seed round of funding. The platform connects e-commerce and consumer brands to quality control inspectors around the world.
Third-party logistics provider Flexport’s latest innovation: renting modified passenger aircraft for dedicated cargo service from a novice cargo carrier.
Cleo has introduced a new tool to help retailers manage potential violations of service level agreements before they occur.
Record holiday volume and rising costs are combining to create one heck of a cocktail for retail brands.
Six weeks after its last funding round, last-mile delivery platform Veho has raised another $170 million in a series B funding round, bringing total funding to over $300 million.
A new survey of online shoppers found that 72% have ordered groceries online in the past 90 days.
Security firm Sansec is urging e-commerce users of Adobe platforms to download an emergency patch following reports of hackers gaining access to customer payment information.
Warehouse workers and supervisors worry about automation’s potential to replace jobs, but they show optimism when it comes to boosting productivity.
Consumers are demanding more, and retailers that employ a multinode strategy across their supply chain are better equipped to meet those needs.
Data capture firm Scandit has raised $150 million in a series D investment round as it looks to expand the customer base for its retail technologies.
Last-mile logistics cloud provider Bringg is adding Zenkraft, the No. 1 company handling parcel deliveries and returns for Salesforce, to its arsenal.
Descartes has acquired NetCHB, a customs filing technology provider that specializes in e-commerce border trade.
Amazon Air is expanding further in the Great Plains.
BigCommerce is enhancing its B2B e-commerce solutions through the acquisition of price-quoting technology provider B2B Ninja.
The LTL segment remains a work in progress, but analysts are confident that Jacobs & Co. can turn it around.
Natilus is developing robot cargo jets in four sizes and has orders from five customers.
In its earnings report for Q4 2021 and FY2021, Uber revealed that its delivery segment once again brought in more revenue than its core mobility business.
Near-space vehicle producer Destinus just secured $29 million to build out its autonomous, hydrogen-powered hypersonic cargo plane.
A.P. Moller – Maersk announced the $1.8 billion acquisition of U.S. forwarder Pilot Freight Services. The deal is the company’s latest move in building out a land-based logistics network.
Imaginnovate will spin off Fleet Enable, its last-mile technology business, as it looks to grow market share in the final mile.
Ongoing supply chain constraints and the need to get a handle on e-commerce fulfillment is driving interest in logistics companies among retailers.
The ride-hailing giant has struggled to turn a profit over the years, but that finally changed in 2021.
A Postal Service reform package passed by the House on Tuesday would eliminate massive financial burdens at the agency while maintaining a unified package and mail network.
XPO Logistics has issued 2022 guidance and vows to fully right the LTL segment’s operating ratio by midyear.
DHL is renewing every aircraft lease it can because air cargo demand is robust.
The U.S. Postal Service reported a widening net loss in the fiscal 2022 first quarter due to higher compensation and benefits costs. Transport costs rose 9% due to higher fuel expenses.
Via.Delivery has found that 18% of U.S. consumers use buy-online, pick-up-anywhere services when offered at checkout.
DHL, seemingly in perpetual expansion mode, is targeting two more U.S. airports for its giant cargo network.
FarEye, a SaaS provider for last-mile delivery operations, is bolstering its presence in North America.
The Industrial Internet of Things is quickening the pace of innovation within the retail supply chain.
FedEx operates about 280 small, turboprop cargo aircraft. New ones starting to enter the fleet are bigger and more capable.
With convenience and sustainability top of mind for consumers and retailers, Ohi is starting carbon-neutral deliveries in under two hours.
FedEx is facilitating exports from Europe and the U.K. to the U.S. with a new cargo service.
Michigan State’s Miller says the figures are undercutting any argument that the transportation industry is having trouble attracting adequate workers.
While much of the focus in 2021 was on the supply chain, the toll it took on e-commerce sellers was dramatic.
The seasonally adjusted jobs number for truck transportation has now been more than the previous high level for two consecutive months.
With just about everything in short supply, circular logistics lets companies keep their inventories stocked by sourcing from their own customers.
A new coalition, Justice for App Workers, is aiming to unionize about 100,000 ride-share and delivery drivers in New York City.
Lula has raised $5.5 million for its platform that connects convenience stores with last-mile delivery providers.
Top executives resigned at ELMS Inc. following a board probe into their discounted stock purchases before a SPAC merger.
Los Angeles-based Virgin Hyperloop, formerly Virgin Hyperloop One, has raised more than $400 million in private capital since its founding in 2014.
Pitney Bowes’ Nita Lathia becomes head of marketplaces for Passport.
Logistics provider GXO is now using 3D technology to automatically measure and size shipping boxes to the item being shipped.
UPS posted its best quarterly operating profit in its history. It also declared a 49% dividend increase.
RenoRun, a last-mile delivery provider of building and construction materials, has raised $142 million in a series B round and announced its expansion to Washington, D.C.
Glencore is selling its metals warehousing business to Malaysia-based Infinity Logistics and Transport Ventures.
E-commerce is becoming an increasing area of focus for some ocean carriers.
Data collection is only part of the solution for e-commerce brands. It’s understanding what to do with that data and how much to share with customers that really matters.
Robomart, the company pioneering the store on wheels, is ready to shape the future of retail delivery with its store-hailing model.
New provisions approved by New York Mayor Eric Adams this week will transform working conditions for food delivery workers.
BigCommerce is focused on ramping up its B2B offerings as e-commerce continues to overtake traditional business buying practices.
Point Pickup is launching a gig economy app that rewards workers for making deliveries through the platform.
Merchants Fleet CEO Brendan Keegan discusses the company’s 2021 performance and his outlook for this year.
The DHL unit is the first commercial customer of Boston Dynamics’ Stretch robots.
Elroy Air wants to enable same-day delivery to every person on the planet. It’s now one step closer with the reveal of its flagship model.
BJ’s Wholesale Club is acquiring four distribution centers and the related private truck fleets from Burris Logistics as it looks to secure its refrigerated supply chain.
One of the more underserved segments in a decidedly underserved industry, LTL is getting a boost from Relay Payments.
With its foundation in place, Gatik looks to accelerate middle-mile autonomous deliveries across North America.
Germany’s Wingcopter struck a deal with aerial medical services company Spright to deliver medical supplies to underserved areas of the U.S. via drone.
According to Deloitte’s 2022 Retail Industry Outlook, supply chain automation and voice-enabled commerce are top of mind for retailers.
Amazon doesn’t have any pilots. It outsources flight operations to airlines. Find out which one is supporting cargo service to Wichita.
Host John Kingston also looks at renewable diesel, which might not be as plentiful as envisioned.
E-commerce personalization platforms are playing an increasingly important role in the success of last-mile delivery.
Chicago leads all markets, while Greenville-Spartanburg makes the top 10 list for the first time.
The Postal Service, bogged down by delivery delays and staff shortages, is taking on a monumental task from Washington –– can it succeed?
Extending a long-term relationship with Isuzu, Cummins will power a Class 6 medium-duty cabover battery-electric prototype.
DroneUp CEO Tom Walker sat down with Modern Shipper to discuss his company’s expanding delivery business, including its partnership with Walmart.
David Weil would have a key role in determining the federal definition of an independent contractor.
In a move that will triple its European carrier base, FourKites is building the continent’s largest multimodal carrier network.
Electric cargo bike delivery provider Urb-E is expanding to Los Angeles as the first city in an expansion of its service in 2022.
XPO adds two terminals and 50 dock doors to its North American network.
Data indicates delivery companies may have been overstaffed for the peak shipping season, leading to fewer delays and a successful season.
Warehouse robotics firm Exotec has raised $335 million in funding as it looks to deploy more of its solutions in fulfillment operations.
Autonomous sidewalk delivery company Serve Robotics completed robot deliveries with zero human interaction — an industry first.
Robotic Assistance Devices Mobile is looking to bring to market a 700-pound autonomous robot for logistics and last-mile delivery operations.
Australian officials’ resolution of recent raven-on-drone attacks isn’t much to crow about.
In this edition, Fontinalis partner Chris Stallman describes his life-long passion for finance and his favorite 2022 FreightTech themes.
JK Moving Services and Kido are two very different businesses, but both SMBs can teach other companies about how to weather a global crisis.
Vantiq is joining forces with IBM, Infosys and others to create a low-code retail development platform designed to encourage innovation.
An IBM and NRF survey of consumers finds that hybrid shopping options are becoming the default preference for many.
Google-backed Nuro has released its third-generation delivery vehicle, simply called Nuro, and will partner with Kroger to roll it out in Houston.
Ricoh USA will provide technical and customer support for warehouse fulfillment robotics made by 6 River Systems.
The latest state of fulfillment report from Bringg finds retailers adapting to faster delivery and fulfillment demands, but many challenges continue to hamper efforts at meeting consumer demands.
Berkshire Grey has introduced software that allows two of its popular sorting and picking products to efficiently switch to reverse logistics operations when needed.
Walmart InHome customers in Florida will get first access to HomeValet’s Smart Box, a lockable, temperature-controlled porch box.
The Project Evolve initiative may take UPS’ visibility tools further than they’ve ever gone before.
Cart.com, an end-to-end e-commerce platform, has completed the purchase of Dallas-based fulfillment and logistics company FB Flurry.
Premium experiences, mobile access and fast delivery are among the keys to driving e-commerce sales, two new surveys find.
Estonia-based Bolt offers a platform similar to Uber’s, with a ride-hailing business and food and grocery delivery services.
While Amazon is the 800-pound retail gorilla, most retailers are focused on more immediate concerns, such as meeting fulfillment and delivery demands.
Miami-based Elion is adding 10 last-mile logistics assets in a $245 million deal.
A collaborative effort kept the delivery Grinch at bay this peak season.
UPS matched last year’s performance, while the Postal Service improved considerably, ShipMatrix says.
Warehouse executives see great potential with AI, but most feel it is being underutilized due to a lack of understanding.