Acquisitions and funding rounds dominated this week’s supply chain and logistics news. To paraphrase the Pet Shop Boys:
Oh, there’s a lot of opportunities [in logistics]
If you know when to take them
You know there’s a lot of opportunities
If there aren’t, you can make them
(Make or break them)
The song’s subtitle is “Let’s Make Lots of Money” because you just can’t dance to “Let’s Lose Lots of Money.”
Okay, while you lace up your dancing shoes, here’s the supply chain and logistics news that caught my attention this week:
- Descartes Acquires Portrix Logistics Software
- C.H. Robinson Acquires Combinex Holding B.V. to Expand Its European Road Transport Footprint
- PayPal acquires returns logistics business, Happy Returns (TechCrunch)
- sennder acquires Dutch-based Cars&Cargo, supplying digital offering whilst expanding network
- Reconomy buys Rebound to boost sustainable reverse logistics (Logistics Manager)
- MercuryGate® International Integrates Trucker Tools “Book It Now®”, Activates Automated One-Click Load Booking for Truckload Shipments
- Optimal Dynamics raises $18.4M Series A Round to Build the Decision Layer of Logistics and Supply Chain Management
- Final-mile fulfillment startup parcelLab closes $112M Series C funding led by Insight Partners (TechCrunch)
- China’s ‘Uber for trucks’ could file for $30 billion U.S. IPO as early as this week (CNBC)
- Plus, a Global Provider of Self-Driving Truck Technology, to Become Publicly Listed Through Business Combination with Hennessy Capital Investment Corp. V
- U.S. Tariffs Drive Drop in Chinese Imports (WSJ – sub. req’d)
I’m with my mom today, so I’ll comment on some of these news items down the road.
Have a happy weekend!
Song of the Week: “Opportunities (Let’s Make Lots of Money)” by Pet Shop Boys
