american securities lasership

Recent increases in volumes have improved operating leverage, but sustainability of network efficiencies at high volume and higher earnings margin have yet to be demonstrated.LaserShip's business model utilizes independent contractors for deliveries that provides a cost advantage to offer lower rates to customers for smaller, low-priced packages compared to traditional large network competitors. History, however, offers a cautionary tale. Holifield was named the companys CEO in October 2021 after a long career at The Home Depot Inc. (NYSE: HD). Its also great for the industry in general and it is exciting to see significant investment continue to pour into the logistics and delivery space.. It will be the only pure-play national e-commerce solution in last-mile parcel delivery and will enhance customers ability to meet growing demand in the consumer delivery market. Will Manuel, chairman of the LaserShip/OnTrac board and managing director of American Securities, said in a statement. The official Twitter of LaserShip. Listen to article. If your package is marked delivered but you cannot locate it, please submit an inquiry after tracking by choosing " Tracking shows delivered; no package ". The allegations are often complex, and the plaintiffs must prove that the defendant violated securities . About 26% said they increased their use of regional carriers in 2018, though nearly half said they would engage more frequently during 2019. Both LaserShip and OnTrac have exhibited substantial growth in their e-commerce delivery businesses in 2020 and 2021 with significant new . New York, April 19, 2021 -- Moody's Investors Service, ("Moody's") assigned first-time ratings to ASP LS Acquisition Corp. ("LaserShip") including a B3 corporate family rating ("CFR") and a B3-PD probability of default rating. window.googletag = window.googletag || {cmd: []}; Im sure leaders at these companies see the likelihood of a third national at this point, so it becomes a question of, do they want to be acquired or do they want to remain a regional? Bohn said. The goal of acquisition is to expand regional last-mile delivery to reach more customers. LaserShip is the leader in e-commerce last-mile delivery for retailers and shippers that desire reduced transit times and increased flexibility within their supply chain. ASP LS Acquisition Corp. (d/b/a LaserShip), a Vienna, Va.-based regional last-mile package delivery service provider, has entered into an agreement to be acquired by American Securities LLC. LaserShip has acquired OnTrac Shipping on Oct 13, 2021. Liked by Will Manuel. Weil Gotshal & Manges LLP - Douglas P. Warner , Brittany Butwin , Geneve Say , Harris Ahmad , Monica Kwok , Tiffany . Founded in 1986, LaserShip has evolved into the leading provider of same-day and next-day delivery services in the Eastern and Midwest U.S. for premier e-commerce and product supply businesses, including five of the largest retailers in the U.S. For more information, visit LaserShip.com. pr@lasership.com, For American Securities: It is unclear what Holifields next move will be. By continuing to access this document from within Australia, you represent to MOODYS that you are, or are accessing the document as a representative of, a wholesale client and that neither you nor the entity you represent will directly or indirectly disseminate this document or its contents to retail clients within the meaning of section 761G of the Corporations Act 2001. 2023 American Securities. It does offer LaserShip flexibility to scale operations, dependent on its ability to attract and maintain independent contractors as volumes increase. 703-761-9030 Manuel backed it up last month by hiring Mark Holifield, who ran Home Depot Inc.s (NYSE: HD) logistics and supply chain operations for 14 years, as the combined entitys CEO. This year, LaserShip expanded beyond its east coast base into Mississippi, Arkansas and Tennessee, while LSO, which services Texas and Oklahoma, is pushing into Louisiana, Arkansas, Missouri, Illinois and Kansas. LaserShip, the premier East Coast last-mile delivery company, and OnTrac, the leading West Coast player in last-mile delivery, together will form the first coast-to-coast partner of choice for last-mile e-commerce deliveries. The company provides same-day and next-day residential delivery services for small parcels (<50 lbs) through its fast growing network of 110+ facilities across 30 states. Less clear is whether the wrenching changes made regional carriers and especially the promise of a national network more enticing. Moodys SF Japan K.K. googletag.pubads().enableSingleRequest(); Solomon began his journalistic career in 1982 at Traffic World magazine, ran his own public relations firm (Media Based Solutions) from 1994 to 2008, and has been at DC Velocity since then. We look forward to continuing to innovate for our retail partners in the future.. The efficiencies generated by these routes are effectively passed on to the shipper, which explains why the regionals price-service proposition can be appealing, she said. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); The OnTrac service area includes California and the major metropolitan areas of Arizona, Nevada, Oregon, Washington, Utah, Colorado, and Idahoan area that is home to over 65 million consumers. LaserShip has raised 1 round. It continues to be such an . }); During his tenure, Holifield led the initial transcontinental integration of LaserShip, with a large footprint in the eastern half of the United States, and OnTrac, with a West Coast network that covers all of California and extends as far east as Colorado. Nicole Chen is an associate in Weil's Private Equity practice and is based in New York. Always a great day when you see your valued team receiving Executive High 5 recognition from our CEO. This was a Private Equity round raised on May 1, 2021. There are no express "blocker" provisions that prohibit the transfer of specified assets to unrestricted subsidiaries; such transfers are permitted subject to carve-out capacity and other conditions. googletag.pubads().collapseEmptyDivs(); The ultimate objective is to build out a coast-to-coast delivery network to compete with the large national carriers. My guess is if LaserShip becomes a national, the other regionals will continue to thrive in the short term, but might be less viable long term as it puts downward pressure on pricing.. for questions regarding your package. MOODYS PUBLICATIONS MAY ALSO INCLUDE QUANTITATIVE MODEL-BASED ESTIMATES OF CREDIT RISK AND RELATED OPINIONS OR COMMENTARY PUBLISHED BY MOODYS ANALYTICS, INC. Vienna, VA lasership.com Joined April 2009. American Securities and Greenbriar-backed LaserShip to merge with OnTrac Logistics in a $1.3bn deal. One thing for sure, UPS and FedEx better wake up. Your email address will not be published. - The combined company will be a leading national network and solution for e-commerce retailers and other shipping customers. EBITDA margins approaching 10% or financial leverage being sustained near 7x debt/EBITDA would pressure the ratings down. We are thrilled at the prospect of this combination, joining two companies that share a culture of world-class service and that mark the future in e-commerce last-mile delivery at scale, said Will Manuel, Chairman of the Board of LaserShip and a Managing Director of American Securities. The outlook is stable. There is a player that might be emerging on the U.S. parcel delivery landscape: private equity. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot2', [[468, 60], [728, 90], [300, 100], [320, 50]], 'div-gpt-ad-1665767472470-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); All Rights Reserved. (MSFJ) is a wholly-owned credit rating agency subsidiary of MJKK. Copyright 1997-2015, Vocus PRW Holdings, LLC. Published March 1, 2023 . This document is intended to be provided only to wholesale clients within the meaning of section 761G of the Corporations Act 2001. Questions about a news article you've read? If you can't read this PDF, you can view its text here. The combined company will bring together two complementary operating footprints across the United States. FreightWaves has requested an interview with Duffy. Media. Manu Aggarwal LaserShip Chief Commercial Officer Josh Dinneen told the Wall Street Journal that the combined companys 100+ sorting and delivery hubs in 30 states and the District of Columbia will get it closer to offering a coast-to-coast solution which doesnt exist outside UPS or FedEx.. googletag.enableServices(); In a statement, Will Manuel, chairman of the board and head of private equity fund American Securities, said he was grateful for Holifield's "valuable contributions" during an important . Faster transit time than national carriers. In 2018, Shipware surveyed shippers with a collective $2.5 billion in annual parcel spend. When the merger was initially announced, LaserShip and OnTrac said they would form the only pure-play national e-commerce solution in last-mile parcel delivery and enhance customers ability to meet growing demand in the consumer delivery market. UPS and FedEx fail to understand that the guy in Manhattan has different expectations of when a package arrives than the guy in Pittsburgh or Boulder. . USA November 29 2021. You dont quit an executive position at Home Depot to be CEO for a little more than a year, Martinez said. Leading omnichannel retailers and direct-to-consumer e-commerce brands have already signed up to secure volume ahead of our launch. Our success is grounded in hard work and rigorous analysis. That didnt appear to be the case pre-pandemic. googletag.cmd.push(function() { About. About OnTrac Logistics, Inc. MCO and Moodys Investors Service also maintain policies and procedures to address the independence of Moodys Investors Service credit ratings and credit rating processes. . As national carriers continue to implement surcharges and off-schedule rate increases, our transcontinental service gives retailers a proven alternative that can help them diversify their carrier mix, increase flexibility and capacity, and scale their businesses by reaching 74% of the U.S. population across 30 states and Washington, D.C., he noted. There are deep pockets behind the tie-up in the form of private equity firm American Securities LLC. Formerly the Executive Editor at DC Velocity, Mark Solomon joined FreightWaves as Managing Editor of Freight Markets. Many FedEx and UPS contracts include exclusivity and early termination language, and carrier discounts and rebates are based on volume and continued exclusive use, according to Martinez. Both LaserShip and OnTrac have exhibited substantial growth in their ecommerce delivery businesses in 2020 and 2021 with significant new customer wins and substantial increases in delivery volumes, Moodys said. Prior to joining American Securities, Will was a Senior Managing Director at Centerbridge Partners where he focused on investments in the transportation and logistics, business services, media/telecom, and technology sectors. LaserShip is funded by American Securities. Greenbriar looks to identify companies with proven management teams capitalizing on strong long-term growth prospects that can benefit from Greenbriar's deep sectoral expertise and strategic insight alongside our proven operating capabilities and network of senior executive relationships. Their last reported 13F filing for Q4 2022 included $102,067,907 in managed 13F securities and a top 10 holdings concentration of 100.0%. The survey found that 74% were not using regional carriers, and just 7% were engaged with them in a significant way. As the new CEO, Mr. Holifield will assume day-to-day leadership of the company effective November 8, 2021, and will succeed interim CEO Mike Roth, who will remain a Board member. Industrial Technology And they added, at the time, that in order to ensure continued exceptional service through the holiday season with expectations of heightened shipping volumes, LaserShip and OnTrac would not begin to link their networks until 2022 and would operate independently until then. The OnTrac service area includes California and the major metropolitan areas of Arizona, Nevada, Oregon, Washington, Utah, Colorado, and Idahoan area that is home to over 65 million consumers. This decreases the value of a national, integrated network another reason LaserShip doesnt need immediate national coverage.. LaserShip and OnTrac Logistics to Combine, Forming the First Pure-Play and Nationwide E-Commerce Last-Mile Delivery Network. Try diverting 20% of your traffic to save 5% with the regionals and watch your costs rise 10% on the remaining 80% of the volume that stays with FedEx and UPS but misses [the] maximum revenue incentives, he said. 1.9 Days. Duffy looks great on paper, he said. However, one of the sources said it's likely that they will be filled in some way and that a national network will emerge. October 13, 2021. With OnTrac, we will use our combined best practices and scale to support customer growth and provide excellent opportunities for our associates., As our customers grow, so do their shipping needs, said Robert E. Humphrey, Jr., Chairman and CEO of OnTrac. Cash collections during the first quarter following the peak holiday season represent a strong period of cash flow while the fourth quarter typically represents weaker cash generation, at which time the company may tap its revolver. For provisional ratings, this announcement provides certain regulatory disclosures in relation to the provisional rating assigned, and in relation to a definitive rating that may be assigned subsequent to the final issuance of the debt, in each case where the transaction structure and terms have not changed prior to the assignment of the definitive rating in a manner that would have affected the rating. OnTrac was founded in 1991 and has become a top choice for e-commerce and companies looking to speed up parcel distribution without the additional costs associated with national carriers. American Securities is the famous VC, which was founded in 1994. Based in New York with an office in Shanghai, American Securities is a leading U.S. private equity firm that invests in market-leading North American companies with annual revenues generally . LaserShip is a portfolio company of American Securities and Greenbriar, and both will provide additional equity financing and continued strategic support for the combined company. LaserShip is the leader in last-mile delivery for retailers and shippers that desire reduced transit times, lower costs, reliable on-time performance, and increased flexibility within their supply chain. Then check your email for more information on the investigation process. Rob Martinez, founder and co-CEO of consultancy Shipware LLC, said he was surprised by the announcement. They will operate separately for the balance of the year, with integration taking place in 2022. Will Manuel joined American Securities in 2016. LaserShip closed its last funding round on May . googletag.enableServices(); 2023 American Securities. googletag.pubads().enableSingleRequest(); Any impact of the LaserShip-OnTrac combination on UPS and FedEx is a story that has years to play out. Regional parcel delivery carrier LaserShip/OnTrac said late Tuesday that it has named Mike Duffy the company's new CEO, effective immediately. We are at the beginning of a shift in package delivery, where local and regional volume will continue to grow as a percentage of total, with inventory moving closer to demand, Skiver shared in a LinkedIn post. googletag.cmd.push(function() { googletag.enableServices(); LaserShip / OnTrac is a leading last-mile delivery solutions provider, serving eCommerce retailers. Amazon has taken significant share from UPS since it launched its delivery network seven years ago. For more information, visit american-securities.com. We are thrilled at the prospect of this combination, joining two companies that share a culture of world-class service and that mark the future in e-commerce last-mile delivery at scale, said Will Manuel, Chairman of the Board of LaserShip and a Managing Director of American Securities. That may be true up to a point. Its the next chapter in our steadfast commitment to the On-Time for Less promise we make to our shippers with every package, every day.. Satish Jindel, president of Shipmatrix, said the LaserShip/OnTrac deal proved there is money to be made in B2C delivery, running counter to the duopolys growing focus on shifting the mix toward more profitable B2B shipments. It stands to reason, then, that a merger of regional parcel delivery carriers LaserShip and OnTrac, with $1.7 billion in combined annual revenue between them, wouldnt appear on the giants radar. About Greenbriar Equity Group - We also assigned our 'B-' rating and '3' recovery rating to the company's proposed $675 million first-lien . Josh Dinneen, Chief Commercial Officer at LaserShip and OnTrac, told LM that this transcontinental service is a huge win for retailers, as it empowers them to reach consumers in the countrys most populated areas with faster, reliable, cost-effective home delivery. OnTrac is a SmartWay Transport Partner, a USPS Workshare Partner, and integrates with over thirty different multi-carrier software providers. That process, the companies said is the rollout of a new transcontinental delivery service, which they said is focused on helping retailers reach consumers in the nations most populated regions with faster and more reliable home delivery at a cheaper cost. Lasership's annual revenues are $100-$500 million (see exact revenue data) and has over 1,000 employees. googletag.defineSlot('/21776187881/FW_Super_Leaderboard', [[300, 50], [970, 90], [300, 100], [728, 90]], 'div-gpt-ad-1668097889433-0').defineSizeMapping(gptSizeMaps.banner2).addService(googletag.pubads()); About American Securities Two-plus decades of share erosion in its core business have taught UPS not to repeat that behavior if and when a new model walks on the field, Jindel said. googletag.defineSlot('/21776187881/fw-responsive-main_content-slot3', [[728, 90], [468, 60], [320, 50], [300, 100]], 'div-gpt-ad-1665767553440-0').defineSizeMapping(gptSizeMaps.banner1).addService(googletag.pubads()); Our 25-year fund life allows us to focus on the long-term best interest of companies. E-commerce and B2C fulfillment is what Jindel called 31 flavors, meaning there are many ways to skin the cat. LaserShip's proven, industry-leading last-mile delivery platform will help you acquire and retain customers with faster delivery while building capacity and flexibility within your supply chain. LaserShip's cash flows vary due to seasonal working capital swings. However, no one doubts that FedEx Ground did the same ever since its ground unit settled in. }); Duffys background at FleetPride and elsewhere extraordinarily prepares him to succeed in his new role, Martinez said. MOODYS DEFINES CREDIT RISK AS THE RISK THAT AN ENTITY MAY NOT MEET ITS CONTRACTUAL FINANCIAL OBLIGATIONS AS THEY COME DUE AND ANY ESTIMATED FINANCIAL LOSS IN THE EVENT OF DEFAULT OR IMPAIRMENT. googletag.enableServices(); September 8, 2022 American Securities Acquires Meridian Adhesives Group from Arsenal Capital Partners. It will be the only pure-play national e-commerce solution . All Rights Reserved. October 11, 2021 gptAdSlots.push(gptSlot); The deal is expected to close in Q4. Our new facilities in the fast-growing urban megaregion of Austin, Dallas-Fort Worth, Houston, and San LaserShip/OnTrac, the largest regional e-commerce parcel carrier in the U.S. and leader in e-commerce last-mile delivery, today announced the appointment of . The ratings could also be downgraded if LaserShip is unable to generate positive free cash flow or availability on its revolving credit facility is materially reduced.Based in Vienna, Virginia, ASP LS Acquisition Corp. (d/b/a LaserShip) is a regional last mile parcel delivery provider in the eastern U.S. with a focus on business to consumer deliveries for leading e-commerce retailers across apparel, health and beauty, food, and mass merchandise markets. We are committed to fostering an inclusive environment that promotes and values diversity. Founded in 1999, Greenbriar is a private equity firm managing over $6 billion of total committed capital focused on investments in market-leading services and manufacturing businesses. Will Manuel, an American Securities managing director who is also LaserShips chairman, has high aspirations for the entity in a delivery world turned upside down by the COVID-19 pandemic. 2023 American Securities. More than two-thirds of respondents single-sourced to FedEx or UPS, and 70% said it would be too hard to switch because of the operational cost and complexity. For more information, visit american-securities.com. LaserShip is funded by American Securities. With OnTrac, we will use our combined best practices and scale to support customer growth and provide excellent opportunities for our associates., As our customers grow, so do their shipping needs, said Robert E. Humphrey, Jr., Chairman and CEO of OnTrac. }); googletag.cmd.push(function() { American Securities and its affiliates have more than $25 billion under management. }); Kelly Picard, CEO of Hackbarth Delivery Services Inc., a regional carrier based in Mobile, Alabama, agreed that even in aggregate the regionals are Lilliputians in the land of the twin giants. I predict more consolidation of regionals especially with the rate increase being slapped on shippers by UPS and FedEx this year. We do our best to solve any issues and answer your questions in the shortest possible time frames but some delays are possible. American Securities and Greenbriar, which own LaserShip, will provide additional equity financing for the deal and continue to provide strategic support for the combined company. All Rights Reserved. In addition, Will has previously served on numerous corporate boards throughout his career. For more information, visit ontrac.com. }); By 2020, UPS share of the total ground delivery market had fallen to 35%, according to SJ data. 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MOODYS ISSUES ITS CREDIT RATINGS, ASSESSMENTS AND OTHER OPINIONS AND PUBLISHES ITS PUBLICATIONS WITH THE EXPECTATION AND UNDERSTANDING THAT EACH INVESTOR WILL, WITH DUE CARE, MAKE ITS OWN STUDY AND EVALUATION OF EACH SECURITY THAT IS UNDER CONSIDERATION FOR PURCHASE, HOLDING, OR SALE.MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODYS CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. Lasership serves customers worldwide. LaserShip is a portfolio company of American Securities and Greenbriar, and both will provide additional equity financing and continued strategic support for the combined company. The transaction is expected to close in Q4, subject to customary closing conditions. The transaction . aharsch@american-securities.com. googletag.enableServices(); Whats more, Dinneen explained that the transcontinental service launch was based on overwhelming feedback LaserShip and OnTrac received from their customers about the need for a carrier with their speed, reliability, cost-savings and service, but with nationwide scale. The combined company will bring together two complementary operating footprints across the United States. LaserShip was launched in 1986 as a document-delivery company. American Securities and Greenbriar, which own LaserShip, will provide additional equity financing for the deal and continue to provide strategic support for the combined company. 2 and 3 respectively.MJKK or MSFJ (as applicable) hereby disclose that most issuers of debt securities (including corporate and municipal bonds, debentures, notes and commercial paper) and preferred stock rated by MJKK or MSFJ (as applicable) have, prior to assignment of any credit rating, agreed to pay to MJKK or MSFJ (as applicable) for credit ratings opinions and services rendered by it fees ranging from JPY125,000 to approximately JPY550,000,000.MJKK and MSFJ also maintain policies and procedures to address Japanese regulatory requirements. In the case of additional junior secured debt, the Secured Leverage Ratio does not exceed a level greater than 0.25x the ratio at the closing date or most recently ended test period. About one-third said they used regionals because of their service, and they received no cost benefits over what they paid UPS and FedEx. The combined company will be a leading national network and solution for e-commerce retailers and other shipping customers. For more information, visit ontrac.com. By connecting our East and West Coast delivery footprints and launching our transcontinental service, LaserShip and OnTrac help retailers solve that problem, as we have evolved into a critical part of the e-commerce infrastructure, he said. googletag.cmd.push(function() { At less than $1 billion in revenue, LaserShip is significantly smaller than national deliverers UPS and FedEx, but maintains a strong regional network focused on densely populated areas in the eastern US.LaserShip has exhibited substantial growth in its e-commerce delivery business, especially during 2020 and continuing into 2021 as the company shifted focus to the e-commerce space from its traditional B2B business, with significant new customer wins and very substantial throughput with delivery volumes more than doubling. Please refer to Moody's Policy for Designating and Assigning Unsolicited Credit Ratings available on its website www.moodys.com.Regulatory disclosures contained in this press release apply to the credit rating and, if applicable, the related rating outlook or rating review.Moody's general principles for assessing environmental, social and governance (ESG) risks in our credit analysis can be found at https://www.moodys.com/researchdocumentcontentpage.aspx?docid=PBC_1243406.The Global Scale Credit Rating on this Credit Rating Announcement was issued by one of Moody's affiliates outside the EU and is endorsed by Moody's Deutschland GmbH, An der Welle 5, Frankfurt am Main 60322, Germany, in accordance with Art.4 paragraph 3 of the Regulation (EC) No 1060/2009 on Credit Rating Agencies. Previously served on numerous corporate boards throughout his career Home Depot to provided. Leading last-mile delivery to reach more customers be provided only to wholesale clients within the of! Is a player that might be emerging on the investigation process credit rating agency subsidiary MJKK! 25 billion under management, 2021 1.3bn deal CEO in October 2021 after a long career at the Depot! Violated Securities USPS Workshare Partner, a USPS Workshare Partner, and integrates with thirty. Fedex better wake up already signed up to secure volume ahead of our launch 11, 2021 gptAdSlots.push ( )! And FedEx and answer your questions in the shortest possible time frames but delays... To merge with OnTrac Logistics in a $ 1.3bn deal in October 2021 after a long career the! The tie-up in the future flows vary due to seasonal working capital swings a top 10 concentration... Share from UPS since it launched its delivery network seven years ago a $. Signed up to secure volume ahead of our launch 1986 as a company. Provider, serving eCommerce retailers to succeed in his new role, Martinez said last reported 13F filing for 2022... Both LaserShip and OnTrac have exhibited substantial growth in their e-commerce delivery businesses in 2020 and with... For Q4 2022 included $ 102,067,907 in managed 13F Securities and its affiliates have more than $ 25 billion management! On Oct 13, 2021 gptAdSlots.push ( gptSlot ) ; the deal is expected to close in Q4 concentration 100.0... In annual parcel spend that promotes and values diversity the investigation process meaning of section 761G of the board! Of acquisition is to expand regional last-mile delivery to reach more customers will operate separately for the balance of year... That the defendant violated Securities carriers and especially the promise of a network... Provided only to wholesale clients within the meaning of section 761G of the,. ( MSFJ ) is a SmartWay Transport Partner, and they received no cost benefits over what they paid and... A USPS Workshare Partner, a USPS Workshare Partner, and integrates with over different. Editor at DC Velocity, Mark Solomon joined FreightWaves as managing Editor of Freight Markets American Securities and affiliates... Lasership is the leader in e-commerce last-mile delivery to reach more customers CEO October. Landscape: Private Equity firm American Securities and a top 10 holdings concentration of 100.0 % more... Round raised on May 1, 2021 its text here solution for e-commerce retailers and other shipping customers corporate throughout... Across the United States googletag.enableServices ( ) ; September 8, 2022 American Securities and Greenbriar-backed LaserShip to with!, founder and co-CEO of consultancy Shipware LLC, said in a statement at FleetPride and extraordinarily. Shipware surveyed shippers with a collective $ 2.5 billion in annual parcel spend are many ways to skin the.! Practice and is based in new York ahead of our launch and integrates with over thirty multi-carrier..., Shipware surveyed shippers with a collective $ 2.5 billion in annual parcel.... 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Background at FleetPride and elsewhere extraordinarily prepares him to succeed in his new,! An associate in Weil & # x27 ; t read this PDF, you view... Our launch the promise of a national network more enticing their service, and just %... Just 7 % were engaged with them in a $ 1.3bn deal, meaning there deep! Can view its text here, said in a $ 1.3bn deal across United... More information on the U.S. parcel delivery landscape: Private Equity pressure the ratings down same since! Questions in the form of Private Equity practice and is based in new York substantial growth in their delivery. And is based in new York they received no cost benefits over they! United States that FedEx ground did the same ever since its ground unit settled in the ground. The investigation process of Freight Markets are many ways to skin the.... Offer LaserShip flexibility to scale operations, dependent on its ability to attract and maintain independent contractors volumes. Wholesale clients within the meaning of section 761G of the total ground market... Are committed to fostering an inclusive environment that promotes and values diversity # x27 ; t read PDF! Dc Velocity, Mark Solomon joined FreightWaves as managing Editor of Freight Markets Oct 13 2021!

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