PROCUREMENT AND SOURCING
Taylor | July 05, 2022
Taylor Corporation has introduced a new shipping and fulfillment service that reduces freight costs for customers while conserving natural resources.Taylor’s innovative PrintMerge process merges orders for print-on-demand (POD) items with orders for pre-existing warehoused items to create a single outgoing shipment. By combining orders in this fashion, Taylor is able to reduce the number of labels and cartons needed to ship customer orders. It also results in significantly lower freight costs for customers.
“Until now, POD and warehoused items always shipped independently and as quickly as possible. This is ideal for speed but is not always very efficient from a shipping cost and raw materials standpoint, The PrintMerge process gives our customers the option to combine those two types of orders. Customers can reduce their freight costs and shrink their environmental footprint in a meaningful way.”
-Tim Dunford, president of warehouse and distribution services for Taylor.
PrintMerge is now available at Taylor’s co-located POD/distribution centers in Cranbury, N.J., Jeffersonville, Ind., and Ontario, Calif. “Of course, PrintMerge doesn’t apply to everything we do, adds Dunford. The POD and warehoused items must come out of the same facility, be going to the same destination and fit in the same shipping cartons. However, for many customers, this new service will make a real difference on the bottom line and to their sustainability initiatives.
Taylor is among the top five graphic communications companies in North America. Headquartered in North Mankato, Minn., we are a team of more than 8,000 client-driven experts with operations spanning 32 states and eight countries. We use deep industry knowledge to strengthen your customer’s brand experience, enhance business efficiency and improve bottom-line profitability.
Universal Logistics Holdings, Inc | June 20, 2022
Universal Logistics Holdings, Inc. (NASDAQ: ULH) announced the preliminary results of its modified "Dutch auction" tender offer to repurchase up to 100,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Wednesday, June 15, 2022.
Based on the preliminary count by Computershare Trust Company, N.A. ("Computershare"), the depositary for the tender offer, approximately 164,189 shares were properly tendered and not properly withdrawn at or below the expected final purchase price of $28.00 per share, including shares that were tendered through notices of guaranteed delivery.
In accordance with the terms and conditions of the tender offer, the Company expects to acquire 164,189 shares at a final purchase price of $28.00 per share, for an aggregate purchase price of approximately $4.6 million. These shares represent approximately 0.62% of the Company's issued and outstanding shares as of May 12, 2022. The total amount of shares expected to be purchased in the tender offer includes the Company's right to increase the tender offer by up to two percent of the Company's outstanding shares and also includes a total of 5,000 shares tendered by Mr. H.E. "Scott" Wolfe, a director of the Company. The determination of the final number of shares to be purchased and the final price per share is subject to confirmation by Computershare of the proper delivery of the shares validly tendered and not withdrawn.
The number of shares to be purchased and the price per share are preliminary and are subject to verification by Computershare and subject to change for a number of reasons, including if some or all of the shares tendered through notices of guaranteed delivery are not delivered within the applicable two trading day settlement period. The actual number of shares to be purchased and the final price per share will be announced following the expiration of the guaranteed delivery period and completion of the confirmation process by Computershare. The final results are not expected to be announced until at least June 21, 2022. Promptly after the announcement, Computershare will issue payment for the shares validly tendered and accepted for payment under the tender offer and will return shares tendered and not purchased in the tender offer.
The Company may purchase additional shares in the future in the open market subject to market conditions and through private transactions, tender offers or otherwise. Under applicable securities laws, however, the Company may not repurchase any shares until June 30, 2022. Whether the Company makes additional repurchases in the future will depend on many factors, including the number of shares purchased in this tender offer, its business and financial performance and situation, the business and market conditions at the time, including the price of the shares, and other factors the Company considers relevant.
The Company has retained Georgeson LLC as the information agent for the tender offer. All questions regarding the tender offer should be directed to the information agent at 866-695-6074 (toll free).
Universal Logistics Holdings, Inc. is a holding company that, through its consolidated subsidiaries, is a leading asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada, and Colombia. The Company's operating subsidiaries offer customers a broad array of services across their entire supply chain, including truckload, brokerage, intermodal, dedicated, and value-added services.
XPDEL | July 08, 2022
XPDEL, a high-tech third-party logistics (3PL) provider, added its latest fulfillment center in Seattle to support local eCommerce and ultra-fast delivery. With fulfillment centers in twelve US cities and three in APAC, XPDEL is emerging as one of the leading solutions for enabling profitable fast delivery.
Like all XPDEL locations, Seattle will operate using industry-leading software technology for fulfillment and logistics. In addition to its private fleet of delivery drivers, XPDEL is fully integrated with multiple national and regional shipping and delivery partners.
XPDEL has been instrumental in supporting the growth of the ultra-fast delivery market, quickly standing-up new fulfillment centers and logistics solutions to meet the demands of its growing customer base of merchants and eCommerce companies.
"We are fortunate to be in a position where we can quickly adapt and grow our network to meet the needs of our customers and their consumers. We are currently the only 3PL provider making deep commitments to the faster than the same day or ultra-fast delivery model, with specialized services that include temperature control for food products. Our ability to add locations quickly and seamlessly, just as we have done in Seattle, allows us to enable growth for our customers."
-Nikki Boone, President of XPDEL
XPDEL fulfills and delivers both direct-to-consumer eCommerce orders as well as retail and other business-to-business orders. Its network supports 2-Day shipping nationwide and same-day delivery in eleven metro areas. XPDEL uses the latest technology that allows live visibility into inventory, order tracking, analytics, and smart shipping.
"I am so proud of our team and its relentless efforts to provide the best possible service for our customers across our network. We are on a mission to help our customers grow. Expanding XPDEL services to Seattle will allow our customers to grow in that market. We have a similar expansion planned for other cities in the US and abroad."
-XPDEL's Founder and CEO, Manish Kapoor
Unlike traditional 3PL service providers, XPDEL's primary focus is to help merchants and product companies grow their businesses. XPDEL enables companies to sell on multiple platforms in multiple marketplaces around the world, and plans to expand its services in the US, Canada, Latin America, APAC, and Europe.
XPDEL is a leading hi-tech 3PL on a mission to enable growth for eCommerce companies. XPDEL operates in North America and India and plans to continue expanding internationally. The company offers a wide range of fulfillment and logistics solutions for eCommerce businesses, including ultra-fast delivery models powered by industry-leading technology platforms. XPDEL clients benefit from live dashboards that provide real-time analytics and actionable data.
PROCUREMENT AND SOURCING
Emergent Cold LatAm | July 07, 2022
Emergent Cold Latin America (Emergent Cold LatAm), the fastest-growing cold storage logistics operator in Latin America, announced today the acquisition of a modern distribution facility located in Recife, Brazil. This acquisition marks Emergent Cold LatAm’s expansion of its operations into the northeast region of Brazil.The new Emergent Cold LatAm site has a building area of almost 20,000 square meters, with 19,900 pallet positions of storage space. It is well-located within the city of Recife, which is one of Brazil’s largest cities and the most important commercial hub in the northeast region.
This acquisition represents Emergent Cold LatAm’s latest investment in Brazil. In November 2021, the company entered Brazil’s cold logistics market with its acquisition of Martini Meat. At the same time, Emergent Cold LatAm purchased DMX Logística, a leading transportation business supporting Brazil’s protein industry. With the new Recife location, Emergent Cold LatAm now has cold storage operations in four states across Brazil: Paraná, Santa Catarina, Rio Grande do Sul, and Pernambuco.
“This latest acquisition allows us to provide customers will fully-integrated solutions across a greater area of Brazil, including transportation, storage and other value-added services, I’m pleased to add this high-quality facility to our growing Brazil network.”
-Evandro Calanca, Managing Director of Emergent Cold Brazil.
44 Capital Finanças Corporativas acted as financial advisor and Lefosse Advogados acted as legal advisor to Emergent Cold LatAm.
About Emergent Cold LatAm:
Emergent Cold LatAm (www.emergentcoldlatam.com) is building a cold storage network of the highest quality, to provide integrated and comprehensive temperature-controlled logistic solutions to customers all over Latin America. The company was founded to cover the need for modern cold chain solutions in the market, and to meet the increasing demand from domestic and global customers. With this acquisition Emergent Cold LatAm now operates in 18 cold storage facilities, with more than 500 trucks and 3 facilities now under construction, to complete a total of 9 countries across Latin America.