American Software

Maersk | February 20, 2020

Maersk is acquiring Performance Team, a U.S.-based warehousing and distribution company, in a $545 million deal, according to a press release on Wednesday. Performance Team currently operates 24 warehousing sites, encompassing 800,000 square meters, and specializes in B2B and B2C e-commerce, retail and wholesale distribution. The transaction is expected to close Apr. 1. The acquisition will more than double Maersk's warehousing and distribution footprint, which sits at 22 sites covering 563,...

Warehousing and Distribution

prnewswire | July 28, 2023

Datuk Wira Arham Abdul Rahman, Chief Executive Officer of the Malaysian Investment Development Authority (MIDA), applauds Rinchem's unwavering commitment in solidifying their footprint to meet the growing demands of the semiconductor industry. "We are excited to see Rinchem expand their global footprint to Malaysia with the opening of their fifth hazmat warehouse. The warehouse will create a new opportunity within the supply chain of the electrical and electronics (E&E) indust...

Logistics, Transportation

Ryder | November 03, 2022

Ryder System, Inc. (NYSE: R), a leader in supply chain, dedicated transportation, and fleet management solutions, announces it has acquired Dotcom Distribution, a provider of omnichannel fulfillment and distribution services for high-growth retail and e-commerce brands specializing in health, beauty and cosmetics, and fashion and apparel.With the acquisition, Ryder continues to expand its e-fulfillment network with the opportunity to add an impressive roster of consumer brand names and increase ...

Supply Chain

MISC | August 16, 2021

BCG Digital Ventures (BCGDV), the business-building and corporate innovation arm of Boston Consulting Group (BCG), today announced its previous investment in three ventures: SOL-X, Chord X, and Spares CNX. BCGDV’s investment was made last year while the ventures were in stealth mode to allow for a deeper focus on business development activities, including staffing, product development, and target market acquisition. With the objective of disrupting the shippin...