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Industries: Page 651
Freight Startup Flexport Raises $110M, Turns Down $1Bn Valuation
Flexport, the shipping logistics company that launched in San Francisco just four years ago, is set to close a $110m Series C funding round. The investment values the company at $910m post money, says Wesley Chan, managing director at Menlo Park VC firm Felicis Ventures, an early investor in Flexport. The new round will bring the total capital invested to $204m.
Q&A: Developing Smart Partnerships to Reduce Waste
Ingersoll Rand, a global diversified industrial manufacturer and 2017 Environmental Leader Award winner, is moving steadily toward zero waste-to-landfill for its sites. Already, in Galway on the western side of Ireland, the company's Thermo King plant no longer sends anything to the dump.
Wal-Mart Tries to Take Jet.com Upscale
One year after Wal-Mart Stores Inc. bought Jet.com for $3.3bn, shoppers will get a glimpse of how it hopes to use the startup to battle Amazon.com Inc.
Malls, a Struggling Symbol of Suburban America, Could Help Ease the Housing Crisis
In the San Fernando Valley, there are plans to level a nearly vacant mall and replace it with some 1,400 homes, boutique retail space and a concert venue.
Ikea Enters 'Gig Economy' by Acquiring TaskRabbit
Ikea, the Swedish home goods retailer, says it has agreed to acquire TaskRabbit, a company known for, among other things, sending tool-wielding workers to rescue customers befuddled by build-it-yourself furniture kits.
Toymakers Say There Is 'Widespread Panic' Following Toys "R" Us Bankruptcy
Within hours of Toys "R" Us's bankruptcy filing last month, the maker of Max Tow Truck and Animal Babies Nursery sounded a financial alarm of its own: Jakks Pacific, the company said, expected to swing to a loss this year as a result of the mega-retailer's bankruptcy.
The Giant Is Coming: The True Cost of Amazon to Australia's Retailers and Workers
Down Dandenong way, on the outskirts of Melbourne, Amazon is staking out a beachhead for the invasion.
Deliv Expands Across U.S., Takes Macy's, Best Buy, Others Along
In a move that it says puts it on equal footing with Prime Now's domestic coverage, crowdsourced same-day delivery provider Deliv has expanded to 1,400 U.S. cities in 33 markets, up from 19 markets previously - allowing retail customers like Macy's and Best Buy to greatly increase the range of their services.
Terminal Operators Seek Changes to Los Angeles Clean Air Plan
The Pacific Merchant Shipping Association (PMSA), a non-profit group that represents West Coast terminal operators and shipowners, has called for changes to the Clean Air Action Plan (CAAP) put forward by the ports of Los Angeles and Long Beach.
Former Atlanta CPO Admits Taking Bribes From Supplier
A former chief procurement officer for the City of Atlanta has admitted accepting payments in exchange for helping a vendor win city contracts.
Apple Is Counting on This Star Exec to Reboot Its Sales in China
She was promised dinner. In early 2008, Apple CEO Steve Jobs asked Isabel Ge Mahe over to his house to talk and share a meal.
Auto Investment in U.S. by Global Manufacturers Underwhelms Despite Trump's Push
When it comes to investments by global automakers in the U.S., 2017 is shaping up to be nothing special - even after President Donald Trump's threats to heavily tax cars shipped from abroad.
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