Maersk plans for 140 blank sailings, up to 25% volume drop in second quarter

Maersk | May 13, 2020

Maersk expects to cancel 140 sailings in the second quarter after issuing 90 blank sailings (a 3.5% drop in capacity) earlier this year, the carrier said in its first-quarter report released Wednesday. The void trips are a way for the carrier to cut costs as demand for ocean freight falls due to lockdown measures stemming from the coronavirus pandemic. Maersk expects demand to fall 20% to 25% in the second quarter across all its businesses, it said in the report. The company had been forecasting a 1% to 3% increase in demand for ocean freight in 2020. The size of the company's global container fleet has grown to 23.3 million as of the end of the first quarter. The idle fleet grew to 9.4% (2.2 million TEUs) in the first quarter, which Maersk said was the "highest record in more than 10 years." The rate of ocean freight capacity cancellations has leveled off with carriers announcing six new blank sailings last week, but this is well above what is typically seen as a result of the Chinese New Year, according to the latest numbers from Sea-Intelligence.

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TRANSPORTATION

Echo Global Logistics Signs Definitive Agreement to Acquire Roadtex Transportation Corporation

Echo Global Logistics, Inc | May 06, 2022

Echo Global Logistics, Inc. ("Echo"), a leading provider of technology-enabled transportation and supply chain management services, and Roadtex Transportation Management, Roadtex Transportation, and Roadtex Corp ("Roadtex"), a leading provider of integrated temperature-controlled supply chain solutions, today announced that they have signed a definitive agreement for Echo to acquire Roadtex. "We've been following Roadtex and are very impressed with their capabilities, With this transaction, Echo not only adds a national warehouse footprint but also broadens its temperature-controlled service offerings and customer base." -Doug Waggoner, Chief Executive Officer of Echo Roadtex brings an expertise with temperature-controlled deliveries into big box retail that few can match," said Dave Menzel, President and Chief Operating Officer at Echo. Not only will this help Echo expand in this area, but we are also bringing on an experienced, well-regarded management team led by co-founders Bruno Ciacciarelli and Bob Kelly, and we are excited about the opportunity to partner with them. Through an integrated, national, value-added warehousing and distribution ("VAWD") network including 32 strategically located food grade cross dock facilities, 5 of which are VAWD facilities that provide a suite of contract logistics solutions, Roadtex's network covers 85% of the U.S. population within a 24-hour shipping period. "We are excited to have our dedicated team of professionals join the Echo family, As we have gotten to know the Echo team it was clear our cultures are very similar, and the benefits to joining the Echo team would be substantial for our team members and clients." -Bruno Ciacciarelli, Co-Founder, Head of Transportation & Administration at Roadtex Roadtex delivers customized, end-to-end solutions that exceed the stringent pickup, handling, delivery and chain of custody requirements of customers serving attractive, recession-resistant end markets with favorable, long-term growth prospects. Because Roadtex interacts with 100% of the top 10 big box retailers on a daily basis, we have long-standing relationships and expertise that we look forward to bringing to Echo," said Bob Kelly, Co-Founder, Head of Sales & VAWD at Roadtex. "The opportunity to offer these services and our national warehouse footprint to Echo's clients, while Bruno and I continue to lead Roadtex, will unlock significant synergies. Stifel served as the financial advisor to Roadtex. Kirkland & Ellis, LLP served as legal advisor to Echo. Zukerman Gore Brandeis & Crossman, LLP served as legal advisor to Roadtex. About Echo Global Logistics Echo Global Logistics, Inc. is a leading Fortune 1000 provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com. About Roadtex Transportation Corporation Roadtex Transportation Corporation is a leading nationwide provider of integrated temperature-controlled supply chain solutions to the confectionery, food, nutrition, and pharmaceutical mass retailer end-markets. Founded in 1992 and based in Somerset, New Jersey, Roadtex maintains a base of 32 strategically located food grade cross dock facilities, 5 of which are VAWD facilities that provide a suite of contract logistics solutions. Roadtex supports a diverse group of blue-chip clients, managing their time and temperature sensitive product shipments. For more information on Roadtex visit: www.roadtex.com.

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Adoption of the Internet of Robotics Things Accelerates

6 River Systems | September 29, 2020

Adoption of smart robotics has accelerated this year, driving sophisticated automation in various environments. Introducing Internet of Things (IoT) functionality to robots isn’t new, however. In 2014, ABI Research introduced the concept of the Internet of Robotic Things (IoRT). The term described intelligent devices that can monitor events going on around them, integrate various sensor data types, use local and distributed intelligence to determine the best courses of action before manipulating or controlling physical objects. In September 2016, MarketsandMarkets released a report estimating that the IoRT market will be valued at approximately $21.44 billion by 2022, driven by adoption in the e-commerce industry. Connected robots can integrate with various technologies and offer a short payback period and ROI, the report noted.

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MANAGEMENT

GXO Partners with Sente Foundry to Accelerate Logistics Innovation

GXO Logistics | May 17, 2022

GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced a new partnership with Sente Foundry (“Sente”), a global startup investment and innovation platform that brings corporations, public institutions and investors together to discover high-potential technology startups with inventive ideas and scalable solutions that can help solve today’s greatest supply chain challenges. “Our partnership with Sente reflects our ongoing commitment to providing our customers with cutting-edge automated solutions that increase safety, productivity, accuracy and scalability, We look forward to working with Sente to identify innovators around the world that are using emerging technologies to develop game-changing solutions to make logistics a competitive advantage.” -Sandeep Sakharkar, Chief Information Officer, GXO During the year-long collaboration, Sente will conduct a global search for and evaluation of the world’s most promising technology-focused startups. The start-ups will be selected specifically for their potential to help GXO meet its strategic priorities, including accelerating warehouse innovation for customers that are increasingly looking to automate their logistics operations. Sente COO Gerod Carfantan, leader of Sente’s Supply Chain and Transportation domain, said, “We’re excited by this opportunity to connect GXO with startups with scalable groundbreaking ideas. Today’s logistics challenges are increasingly complex, and GXO has led the way globally with creative solutions, innovation and collaboration. We’re inspired by GXO’s mission to realize logistics at full potential and we look forward to helping the company achieve even greater success.” About GXO Logistics GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for approximately 120,000 team members across more than 900 facilities totaling approximately 200 million square feet. The company partners with the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, Twitter, Facebook, Instagram and YouTube. About Sente Foundry Sente Foundry, LLC (“Sente”) is a Chicago-based early-stage startup investment program that works with corporations, family offices, and institutional investors to connect startups with innovative and scalable opportunities using its unique “CVC-as-a-Service” platform. Sente searches the world for the most high-potential startups and helps them scale through partnerships with its partners. With Sente, startups can scale faster and do so internationally; investors get line-of-sight and a new way to invest in the world’s most promising startups; and corporations accelerate innovation like never before. Since its founding in 2013, Sente has supported early-stage companies that operate in over 40 countries, have received over $35 million in funding, and have generated revenues exceeding $80 million. Find Sente online at sente.link, LinkedIn, and Twitter.

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LOGISTICS

FedEx Office Forms Alliance with Notarize to Bring Digital Notarization Services to Address the Business Demands of Today

FedEx | March 23, 2022

FedEx Office, a world-class provider of convenient, state-of-the-art printing, packing and shipping services and subsidiary of FedEx Corp. (NYSE: FDX), announced an alliance with Notarize, a leading online notarization provider, to launch FedEx Office Online Notary. The new service will make convenient, fully-digital notarization services available to the millions of Americans who need personal or professional documents notarized annually.More than a billion documents require notarization in the U.S. each year, and now, FedEx Office is meeting this demand by offering business owners and consumers a best-in-class online notary product, available 24/7, wherever they are. Smarter, simpler, safer, and more efficient than paper notarizations, online notarizations allow small businesses and consumers to easily upload documents from a computer, smartphone, or tablet and connect with a live, commissioned notary nearly instantly via video conference. “Businesses don’t just run 9-5 anymore — small business owners and consumers need to get things done on their own time, in ways most convenient to them, Now with FedEx Office Online Notary, commissioned notaries are available to notarize documents 24/7, 365 days a year. That’s the pace of doing business today, and FedEx Office is proud to lead the way in a more digital future.” -Jeff Heyman, vice president of Product Development and eCommerce for FedEx Office. A recent Harris Poll survey found that 75% of Americans have needed the service of a notary at some point in their lives. With the launch of FedEx Office Online Notary, millions of Americans who require notarizations each year can fulfill that need from a brand they know and trust. “Notarizations are the backbone for many of life’s most important milestones: starting a new small business, purchasing a home, creating a will - and many others. But one thing we also know is true is that notarization is a time-consuming, painstaking process,By offering a seamless digital experience via fedex.com — where so many of us already go to accomplish important business and personal tasks — customers will be able to quickly, easily, and securely complete their notarization needs in about 15 minutes, from the comfort of their home or office.” -Pat Kinsel, Notarize Founder and CEO. To learn more about how FedEx Office Online Notary works, please visit fedex.com/onlinenotary. Each completed notary transaction is $25, plus $10 per each additional seal required. About FedEx Office FedEx Office gives small and medium businesses, large commercial customers, and consumers convenient access to expert printing, packing, shipping, and returns. The company’s digital-to-physical capabilities support the growth of e-commerce with online design and print, commercial and grand format signage, local and national logistics solutions. More than 2,200 print and ship locations include traditional retail stores complemented by locations inside Walmart, as well as FedEx OnCampus at hotels, convention centers, hospitals, corporate facilities, and universities. Customers work closely with more than 13,000 team members to obtain custom design, professional finishing, document creation, direct mail, signs and graphics, promotional products, copying, computer rental, free Wi-Fi, and corporate Print OnDemand solutions that include nationwide delivery. The company offers FedEx Express® and FedEx Ground® shipping with the flexibility of Hold at FedEx Location and FedEx Returns, as well as packing services backed by the FedEx® Packing Pledge. FedEx Office is also home to FedEx SameDay City on-demand and scheduled local delivery service, as well as RoxoTM, the FedEx SameDay Bot under development for autonomous last-mile delivery. For more information, please visit fedex.com/office or connect with us on Facebook, LinkedIn, and Twitter. About Notarize Notarize is the leader in online notarization, which is simpler, smarter and safer than notarizing documents on paper. From buying or selling a home, to adopting a child, Notarize is bringing trust online 24/7 for life’s most important moments. For more information, please visit notarize.com.

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Spotlight

This white paper examines the impact of leveraging proven lean principles supported by Real-time Asset Management Solutions from Zebra Technologies. We will identify the seven wastes of manufacturing and how Real-time Asset Management Solutions can eradicate these wastes. You will also learn first hand how customers eliminated waste and benefited from these solutions.

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