We’re proud to announce Hub Group has been recognized with three awards by The Home Depot.
2023 Dedicated Van Carrier of the Year: Domestic
2023 Online Big & Bulky Carrier of the Year: Final Mile
2023 Intermodal Carrier of the Year: Domestic
Thank you to our team for their dedication and commitment to Hub Group and our customers!
If Canadian convenience store operator, Alimentation Couche-Tard (Circle-K) is allowed to acquire Seven & i Holdings (7-Eleven Inc), this would be the biggest M&A deal in the history of convenience stores space at U$38bn.
Just 3 years back, in 2021, Seven & i holdings acquired Speedway for U$21bn, largest ever North American M&A deal in convenience stores space.
I no longer cover or follow the equity markets. But this news caught my eye. And I just had to do some idle musings (force of habit). I keep thinking, how the top ranked company is getting an M&A offer from the second-largest company in this industry, that too at a time when interest rates have not yet moved down in the US. Perhaps they are planning on borrowing/raising funds for this acquisition from outside of US or they are betting on Fed rate cuts before the deal is closed (if that becomes an eventuality).
Optimizing Your Supply Chain, One Shipment at a Time | Reduce Costs & Improve Efficiency | 10,000+ Trucking Companies at our Disposal | A Team of 30+ Years in Logistics Excellence | Your Trusted 3PL Partner
Your Journey, Our Fleet: At Walkers Transport, our fleet is as diverse as it is dependable!
From a single pallet delivered to your door, to full load consignments into your favourite supermarkets, we've got the wheels to meet every logistical challenge.
Whether it's delivering goods across town or hauling freight nationwide, our versatile assets are ready to roll.
Looking for pallet logistics solutions tailored to your business? Look no further! Get in touch with Walkers Transport today and let us take the wheel while you focus on what you do best.
#FleetFlexibility#ReliableTransport#WalkersTransport
Normal stories doesn’t make headlines
Everybody remembers Shift but nobody remembers Kiffgo. Shift was one of our competitor.
Kiffgo was a man and van marketplace . It was initially started as a B2C platform for removal and bulky item deliveries. After almost a year of activity and different experiments, we never saw profitability and there was no path to better unit economics because no recurrent use case and high competition, so we started pursuing a B2B-only model where there was more frequency of usage . The unit economics improved, but still were not good.
Then we ended up shutting it down, but we have rebranded our tech and sold it to some small van companies. Kiffgo was built by a lean team of 4 people.
What are the key takeaways?
Think unit economics
If you want to know why Shift is not profitable see below…even thought they tried to apply Blitzscaling approach by acquiring competitors
The competition and frequency of usage can significantly impact the Customer Acquisition Cost (CAC) for a SaaS
1. Competition:
- Higher competition in the SaaS market means more companies are fighting for the same pool of potential customers.
- This increased competition can lead to higher marketing and advertising costs as companies need to outbid each other for ad placements, search engine optimization (SEO), and other acquisition channels.
- Additionally, increased competition may drive down the conversion rates of marketing and sales efforts, as potential customers have more options to choose from, making it harder to acquire new customers.
- In a highly competitive market, SaaS companies may need to offer more features, better pricing, or additional incentives to stand out and attract customers, further increasing the CAC.
2. Frequency of Usage:
- SaaS products with a high frequency of usage (e.g., daily or weekly) typically have a lower CAC compared to products with a lower frequency of usage (e.g., monthly or annual).
- High-frequency usage indicates that the product is essential and valuable to the customer, making it easier to acquire and retain them.
- With high-frequency usage, the customer's lifetime value (LTV) tends to be higher, which can justify a higher CAC and still maintain a healthy LTV-to-CAC ratio.
- Conversely, SaaS products with lower frequency of usage may require more marketing and sales efforts to acquire and retain customers, leading to a higher CAC.
I mentionned SaaS but it also applies to marketplaces.
Exited founder; Investor; Advisor to UK tech start-ups and scale ups; Self-styled 'Antidote to tech industry hype’; Born-Again Brazilian!
I was warned that Jacob C. (Corlett) was ‘a bit of a force of nature’ when I was invited by one of his backers to meet him in June 2019, soon after he had raised £1.3m in a seed funding round.
He was!
Corlett founded delivery logistics start-up, Shift, in 2017, to commercialise the technology platform upon which his prior ‘dial-a-van’ domestic removals business was based. He closed the removals business in 2015 to concentrate on developing the platform – essentially a marketplace, matching delivery drivers to jobs – though still operated a fleet of branded delivery vans.
I was impressed with Corlett’s claims about the sophisticated algorithms he had developed for route optimisation. However, I was unable to get any clarity on Shift’s revenues (then claimed at £1.7m).
I said at the time: “Corlett’s ambition knows no bounds … (b)ut I do feel Shift risks losing focus if [Corlett] tries to chase too many opportunities.”
And chase them he did.
In 2021 he acquired Bristol-based courier service, Courier Direct after raising further funding. Corlett claimed that the Shift had generated “Gross Market Value (GMV) of around £8m”, which I assumed to be the gross value of deliveries transacted on the platform. I queried then whether Shift could ever make a profit.
Soon after, Corlett acquired Knottingley-based B2B specialist technical courier and logistics business, Techlogico. The deal was expected to add £3.1m of GMV to the business.
In April 2023, Shift acquired Berlin-based Movinga, a similar business led by sibling co-CEOs Silvio Hinteregger and Tobias Hinteregger, operating in Germany, Switzerland, Sweden, Austria, and France. Terms were not disclosed.
By this time Shift’s accumulated losses had surpassed £12.6m.
CONTINUED IN POST ABOVE
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I thought Shiprocket was a great company for shipments. Thinking this, I created a shipment of return parcel from my customer through Xpressbees (BusyBees Logistics Solutions Pvt. Ltd.) courier partner on Shiprocket . The parcel was very well packed by our customer and contained two units of our products. Packing video and pictures were sent to us by customer. Xpressbees (BusyBees Logistics Solutions Pvt. Ltd.) team tore into our return parcel, stole one unit from it and repacked one unit and returned it to us. After receiving the return, we were surprised to see that the customer had sent us two units. But we received one unit and the packing was done by customer that packing was badly damaged. And when we talked to Shiprocket team about this, they also did not help us and directly closed the ticket.
Our first experience with Shiprocket team was very bad and now I don't think we will ever do any shipment with Shiprocket in future because whenever we do any shipment in future there will always be this fear that the courier team may steal our units.
#shipping#logistics#courierservices
📦 UPS is enhancing its delivery network in the UK by expanding its Access Point locker network. The courier giant plans to open 400 new smart locker locations.
These lockers offer customers the convenience of picking up packages at any time, ensuring secure delivery even when they're away.
For #ecommerce businesses, it means satisfying customers with flexible delivery options and simplified supply chain processes. 🔐
➡️ How will this expansion impact the UK's parcel delivery landscape?
➡️ What benefits do smart lockers bring to both e-commerce businesses and customers?
🚚 With the UK #ParcelDelivery market evolving rapidly, driven by digital trends and an increase in same-day delivery transactions, UPS's new initiatives position it strongly in the competitive landscape.
The link to the full article is in the comments below
#LogisticsNews#ECommerceNews#UPS
Hear about the latest trends in the property sector across Australia and New Zealand, in our industrial property update.
TMX Executive Director of Property, Dominic Sorbara, shares industry insights, while also showcasing a snapshot of some of our recent success stories with CouriersPlease, NZ Post, Shiperoo, and Karras Cold Logistics.
Watch the video to hear more!
#SupplyChain#Industrial#Warehouse
cargo worker at Foward Air
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