Tag: Shipping

These 20 stocks in the S&P 500 tumbled between 20% and 30% in September

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Stocks declined again on Friday, closing out September with large losses across the board as the rally from the June lows partway through August faded into memory.

The S&P 500
SPX,
-1.51%
fell 1.5% on Friday. The benchmark index slumped 9.3% for September, leading to a 2022 loss of 24.8%. The Dow Jones Industrial Average
DJIA,
-1.71%
gave up 1.7% on Friday, for a September decline of 8.8%. The Dow has now fallen 20.9% for 2022. The Nasdaq Composite Index
COMP,
-1.51%
pulled back 1.5% on Friday for a September drop of 10.5% and a year-to-date plunge of 32.4%. (All price changes in this article exclude dividends.)

Below is a list of stocks in the S&P 500 that fell the most during September.

It was the worst September performance for U.S. stocks since 2008, according to Dow Jones Market Data. William Watts looked back to see what poor performance during September may portend for October.

Real estate leads the sector bloodbath

All sectors of the S&P 500 were down during September, including five that fell by double digits:

S&P 500 sector	Sept. 30 price change	September price change	2022 price change
Real Estate	1.0%	-13.6%	-30.4%
Communication Services	-1.7%	-12.2%	-39.4%
Information Technology	-1.9%	-12.0%	-31.9%
Utilities	-2.0%	-11.5%	-8.6%
Industrials	-1.3%	-10.6%	-21.7%
Energy	-0.9%	-9.7%	30.7%
Materials	-0.3%	-9.6%	-24.9%
Consumer Staples	-1.8%	-8.3%	-13.5%
Consumer Discretionary	-1.8%	-8.1%	-30.3%
Financials	-1.1%	-7.9%	-22.4%
Health Care	-1.4%	-2.7%	-14.1%
S&P 500	-1.5%	-9.3%	-24.8%
Source: FactSet

Worst performers in the S&P 500 in September

Company	Ticker	Sept. 30 price change	September price change	2022 price change	Decline from 52-week intraday high	Date of 52-week intraday high
FedEx Corp.	FDX, -2.52%	-2.5%	-29.6%	-42.6%	-44.4%	01/05/2022
V.F. Corp.	VFC, -2.73%	-2.7%	-27.8%	-59.2%	-62.1%	11/16/2021
Lumen Technologies Inc.	LUMN, -1.36%	-1.4%	-26.9%	-42.0%	-49.8%	11/05/2021
Ford Motor Co.	F, -2.35%	-2.4%	-26.5%	-46.1%	-56.7%	01/13/2022
Charter Communications Inc. Class A	CHTR, -2.96%	-3.0%	-26.5%	-53.5%	-59.8%	10/07/2021
Adobe Inc.	ADBE, -1.10%	-1.1%	-26.3%	-51.5%	-60.7%	11/22/2021
Carnival Corp.	CCL, -23.25%	-23.3%	-25.7%	-65.1%	-73.5%	10/01/2021
CarMax Inc.	KMX, +1.32%	1.3%	-25.4%	-49.3%	-57.7%	11/08/2021
Advanced Micro Devices Inc.	AMD, -1.22%	-1.2%	-25.3%	-56.0%	-61.5%	11/30/2021
Caesars Entertainment Inc.	CZR, -0.49%	-0.5%	-25.2%	-65.5%	-73.1%	10/01/2021
Boeing Co.	BA, -3.39%	-3.4%	-24.4%	-39.9%	-48.2%	11/15/2021
WestRock Co.	WRK, -1.56%	-1.6%	-23.9%	-30.4%	-43.6%	05/05/2022
International Paper Co.	IP, -1.22%	-1.2%	-23.8%	-32.5%	-44.0%	10/13/2021
Western Digital Corp.	WDC, +1.15%	1.1%	-23.0%	-50.1%	-53.1%	01/05/2022
Newell Brands Inc.	NWL, -0.57%	-0.6%	-22.2%	-36.4%	-47.5%	02/16/2022
Eastman Chemical Co.	EMN, +0.34%	0.3%	-21.9%	-41.2%	-45.1%	01/19/2022
Nike Inc. Class B	NKE, -12.81%	-12.8%	-21.9%	-50.1%	-53.6%	11/05/2021
Seagate Technology Holdings PLC	STX, -2.11%	-2.1%	-20.5%	-52.9%	-54.8%	01/05/2022
PVH Corp.	PVH, -3.55%	-3.6%	-20.4%	-58.0%	-64.3%	11/05/2021
Dish Network Corp. Class A	DISH, -2.19%	-2.2%	-20.3%	-57.4%	-70.1%	10/04/2021
Source: FactSet

Click on the tickers for more about each company, including developments that led to their share-price declines.

Click here for Tomi Kilgore’s detailed guide to the wealth of information for free on the MarketWatch quote page.

FedEx Corp.
FDX,
-2.52%
tops the list because of investors’ harsh reaction to the company’s sales and profit warning on Sept. 16. Claudia Assis and Greg Robb explained the implications of FedEx’s warning for the broad economy.

Shares of Carnival Corp.
CCL,
-23.25%
fell 23% on Friday (for a September decline of 26%) after the cruise giant again reported sales and earnings below what analysts had expected, even though it reported increasing its capacity usage to 92%.

Nike Inc.
NKE,
-12.81%
was down 13% on Friday for a September decline of 22%, after the company warned that discounting to clear inventory would continue to affect its earnings performance. Here’s how analysts reacted.

Adobe Inc.
ADBE,
-1.10%
made the list because of investors’ doubt about its dilutive $20 billion deal to acquire Figma.

The bulk of CarMax’s
KMX,
+1.32%
drop for the month came on Sept. 29, after the used-car dealer missed sales and earnings estimates and indicated that consumers were beginning to resist high prices.

Don’t miss: Dividend yields on preferred stocks have soared. This is how to pick the best ones for your portfolio.

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September 30, 2022

8 things to know about the environmental impact of ‘unprecedented’ Nord Stream leaks

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The apparent sabotage of both Nord Stream gas pipelines may be one of the worst industrial methane accidents in history, scientists said Wednesday, but it’s not a major climate disaster.

Methane — a greenhouse gas up to 80 times more powerful than carbon dioxide — is escaping into the atmosphere from three boiling patches on the surface of the Baltic Sea, the largest of which the Danish military said was a kilometer across.

On Tuesday evening, European Commission President Ursula von der Leyen condemned the “sabotage” and “deliberate disruption of active European energy infrastructure.”

Here are eight key questions on the impact of the leaks.

1. How much methane was in the pipelines?

No government agency in Europe could say for sure how much gas was in the pipes.

“I cannot tell you clearly as the pipelines are owned by Nord Stream AG and the gas comes from Gazprom,” said a spokesperson for the German climate and economy ministry.

The two Nord Stream 1 pipelines were in operation, although Moscow stopped delivering gas a month ago, and both were hit. “It can be assumed that it’s a large amount” of gas in those lines, the German official said. Only one of the Nord Stream 2 lines was struck. It was not in operation but was filled with 177 million cubic meters of gas last year.

Estimates of the total gas in the pipelines that are leaking range from 150 million cubic meters to 500 million cubic meters.

2. How much is being released?

Kristoffer Böttzauw, the director of the Danish Energy Agency, told reporters on Wednesday that the leaks would equate to about 14 million tons of CO2, about 32 percent of Denmark’s annual emissions.

Germany’s Federal Environment Agency estimated the leaks will lead to emissions of around 7.5 million tons of CO2 equivalent — about 1 percent of Germany’s annual emissions. The agency also noted there are no “sealing mechanisms” along the pipelines, “so in all likelihood the entire contents of the pipes will escape.”

Because at least one of the leaks is in Danish waters, Denmark will have to add these emissions to its climate balance sheet, the agency said.

But it is not clear whether all of the gas in the lines would actually be released into the atmosphere. Methane is also consumed by ocean bacteria as it heads through the water column.

3. How does that compare to previous leaks?

The largest leak ever recorded in the U.S. was the 2015 Aliso Canyon leak of roughly 90,000 tons of methane over months. With the upper estimates of what might be released in the Baltic more than twice that, this week’s disaster may be “unprecedented,” said David McCabe, a senior scientist with the Clean Air Task Force.

Jeffrey Kargel, a senior scientist at the Planetary Research Institute in Tucson, Arizona, said the leak was “really disturbing. It is a real travesty, an environmental crime if it was deliberate.”

4. Will this have a meaningful effect on global temperatures?

“The amount of gas lost from the pipeline obviously is large,” Kargel said. But “it is not the climate disaster one might think.”

Annual global carbon emissions are around 32 billion tons, so this represents a tiny fraction of the pollution driving climate change. It even pales in comparison to the accumulation of thousands of industrial and agricultural sources of methane that are warming the planet.

“This is a wee bubble in the ocean compared to the huge amounts of so-called fugitive methane that are emitted every day around the world due to things like fracking, coal mining and oil extraction,” said Dave Reay, executive director of the Edinburgh Climate Change Institute.

Lauri Myllyvirta, lead analyst at the Centre for Research on Energy and Clean Air, said it was roughly comparable to the amount of methane leaked from across Russia’s oil and gas infrastructure on any given working week.

A leak was reported near the Nord Stream 2 pipeline off the coast of Denmark’s Bornholm island | Danish Defence Command

5. Is the local environment affected?

While the gas is still leaking, the immediate vicinity is an extremely dangerous place. Air that contains more than 5 percent methane can be flammable, said Rehder, so the risk of an explosion is real. Methane is not a toxic gas, but high concentrations can reduce the amount of available oxygen.

Shipping has been restricted from a 5 nautical mile radius around the leaks. This is because the methane in the water can affect buoyancy and rupture a vessel’s hull.

Marine animals near the escaping gas may be caught up and killed — especially poor swimmers such as jellyfish, said Rehder. But long-term effects on the local environment are not anticipated.

“It’s an unprecedented case,” he said. “But from our current understanding, I would think that the local effects on marine life in the area is rather small.”

6. What can be done?

Some have suggested that the remaining gas should be pumped out, but a German economy and climate ministry spokesperson on Wednesday said this wasn’t possible.

Once the pipeline has emptied, “it will fill up with water,” the spokesperson added. “At the moment, no one can go underwater — the danger is too great due to the escaping methane.”

Any repair would be the responsibility of pipeline owner Nord Stream AG, the Germans said.

7. Should they set it on fire?

Not only would it look impressive, setting the gas on fire would hugely slash the global warming impact of the leak. Methane is made of carbon and hydrogen, when burned it creates carbon dioxide, which is between 30 and 80 times less planet-warming per ton than methane. Flaring, as it is known, is a common method for reducing the impact of escaping methane.

From a pure climate perspective, setting the escaping methane on fire makes sense. “Yes, definitely — it will help,” said Piers Forster, director of the Priestley International Centre for Climate at the University of Leeds.

But there would be safety issues and potential environmental concerns, including air pollution from the combustion. “With land — in particular the inhabited and touristic island of Bornholm — nearby, you would not venture into this,” said Rehder.

No government has yet indicated that this is under consideration.

8. How long will it last and what next?

“We expect that gas will flow out of the pipes until the end of the week. After that, first of all, from the Danish side, we will try to get out and investigate what the cause is, and approach the pipes, so that we can have it investigated properly. We can do that when the gas leak has stopped,” Danish Energy Agency director Böttzauw told local media.

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September 28, 2022
Extensiv and BUKU Integration Combines Streamlined Shipping Customer Experience With Intelligent Omnichannel Distribution Platform
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Building on the Extensiv Parcel API, BUKU Integration Offers 3PLs Reduced Shipping Costs and Expands Access to Carriers

Press Release
–

Aug 24, 2022
EL SEGUNDO, Calif., August 24, 2022 (Newswire.com)
–
Extensiv – delivering omnichannel software solutions for warehouse, inventory, and order management – today announced an integration with BUKU Ship, a leading provider in eCommerce shipping CX solutions for 3PLs and brands.

With this integration, Extensiv’s 3PL customers will receive AI-driven shipping solutions to deliver amazing customer experiences, minimize errors, and turn shipping into a profit center. In addition, BUKU customers will be able to leverage Extensiv’s industry-leading 3PL Warehouse Management Solution (WMS) to better serve customers, operate their warehouses more efficiently, and increase growth.

The integration is made possible through the recent launch of Extensiv Parcel API. Parcel API builds on Extensiv 3PL Warehouse Manager’s Small Parcel Suite, a SaaS-based paperless warehouse efficiency solution for 3PLs offering ecommerce and omnichannel fulfillment. With the Small Parcel Suite, 3PL warehouses reduce packing time by 50% by offering order packing and packing from shelves.

The BUKU and Extensiv integration comes at a time when small parcel volume continues to rise. In 2021 roughly 2.14 billion people (27% of the world population) made online purchases, and that number is only projected to increase in 2022. As volumes continue to increase, so does the demand for enhanced small parcel shipping capabilities.

Benefits of the Extensiv/BUKU integration include:
- Expanded shipping partners domestically and overseas: BUKU’s shipping software provides access to hundreds of integrations across the ecommerce shipping supply chain ecosystem. In addition to USPS, DHL, UPS and FedEx, BUKU supports Landmark Global, OSM, Parcll, same-day carrier IndyShip and more. BUKU also has strategic alliances with international companies and customs authorities, offering international tax and duty estimation and IOSS filing for their customers.
- High volume printing: BUKU enables high volume and batch printing. When combined with 3PL Warehouse Manager’s small parcel suite, 3PLs can efficiently print batches of hundreds of shipping labels enabling teams to hit delivery SLAs.
- BUKU IntelliRate: BUKU uses cart psychology and dynamic rate shopping to display the lowest fully landed costs in the shopping cart at checkout, enabling brands to make more strategic decisions about shipping options and turn shipping into a profit center.
- BUKU Dashboards: The BUKU team provides a strategic analysis of shipping & order data. BUKU provides live P&L dashboards for 3PLs to analyze all their shipments or a single store owner to gain valuable shipping insights to control costs, improve service, and focus investment to meet goals.
“We look forward to introducing our customers to Extensiv’s unique intelligent distribution platform while helping Extensiv customers streamline the shipping experience – saving time, increasing customer loyalty, and protecting profit margins. Our joint warehousing and shipping CX expertise will allow mid-size 3PLs to take the next step in their evolution,” said Ken Muir, CEO of BUKU. “The 3PL market is exploding and the increased demand requires new technology and approaches. Together, Extensiv and BUKU give 3PLs an unprecedented opportunity to expand their operations and profitability.”

“We’re thrilled to welcome BUKU to the Extensiv ecosystem. This space is rapidly evolving and it can be difficult for our customers to keep up with the latest transportation innovations,” said Andy Lloyd, CEO of Extensiv. “It’s our responsibility to keep up with those solutions. BUKU is a perfect example of that. The 3PL parcel shipping use case is a unique one and the BUKU team has a deep understanding of what a 3PL warehouse needs to be successful. Their expertise and technology will be a big boost for our mutual customers.”

About Extensiv

Extensiv, formerly 3PL Central, is a visionary technology leader focused on creating the future of omnichannel fulfillment. We partner with warehouse professionals and entrepreneurial brands to transform their fulfillment operations in the radically changing world of commerce and consumer expectations. Through our unrivaled network of more than 1,500 connected 3PLs and a suite of integrated, cloud-native warehouse management (WMS), order management (OMS), and inventory management (IMS) software, we enable modern merchants and brands to fulfill demand anywhere with superior flexibility and scale without painful platform migrations as they grow. More than 25,000 logistics professionals and thousands of brands trust Extensiv every day to drive commerce at the pace that modern consumers expect.

About BUKU Ship

BUKU is the first complete software solution focused on the Shipping Customer Experience (CX). Our Checkout CX and Post-Purchase CX solutions increase shopping cart conversions and customer loyalty enabling our brands to increase their revenue and delight their customers every day. BUKU is headquartered in Lehi, Utah. To learn more, visit www.bukuship.com

CONTACT:

Bret Clement, Clement | Peterson for Extensiv
bret@clementpeterson.com

Source: Extensiv
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August 24, 2022
For the 3rd Time, Extensiv Appears on the Inc. 5000, Ranking No. 3812 With Three-Year Revenue Growth of 131 Percent
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Press Release
–

Aug 16, 2022
EL SEGUNDO, Calif., August 16, 2022 (Newswire.com)
–
Today, Inc. revealed that Extensiv – delivering omnichannel software solutions for warehouse, inventory, and order management – is No. 3812 on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known names gained their first national exposure as honorees on the Inc. 5000.

The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years.

Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, which will be available on August 23.

“The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” says Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.”

“Extensiv is reshaping ecommerce and logistics by helping brands and 3PLs work better together. Extensiv connects the supply chain—from the shopping cart to the doorstep—with industry-leading technology that provides unparalleled simplicity and value to its customers. Warehouse professionals and entrepreneurial brands use Extensiv’s intelligent distribution to transform fulfillment operations in the radically changing world of commerce and consumer expectations,” said Andy Lloyd, CEO of Extensiv. “Our customer retention, growth, and continued rise up the Inc. 5000 validate our strategy.”

In the past year, Extensiv has:
- Grown through strategic acquisitions: Extensiv made several bold acquisitions in 2021 as the foundation for its intelligent distribution strategy. These acquisitions included Skubana, Scout Software, and CartRover.
- Accelerated innovation: Building on the 2021 acquisitions, Extensiv released a series of industry-first innovations in 2022 as part of its omnichannel solutions strategy. The company launched the Extensiv Fulfillment Marketplace (a list of pre-vetted fulfillment partners best suited to merchants looking to find a new 3PL or 3PLs looking to build a 4PL network); Extensiv Network Manager (a way to help small and mid-sized 3PLs partner with geographically complementary 3PLs to offer distributed fulfillment services); and the Extensiv Parcel API platform, (a platform that reduces costs and increases vendor choices for small parcel shipping).
- Invested in community support: Extensiv remains committed to the logistics and ecommerce business community. The company launched Extensiv Market Insights to help brands better understand sales fluctuations through marketplaces. Market Insights includes data from thousands of brands processing millions of orders. Extensiv also continued its commitment to future logistics professionals, announcing the 3rd Annual Supply Chain Scholarship winner and the launch of the Spring 2023 Scholarship.
- Rebranded to Extensiv: 3PL Central rebranded as Extensiv. The decision to rebrand was the culmination of a strategic plan to offer ecommerce brands and third-party logistics (3PL) warehouses a new approach to growth.
About Extensiv

Extensiv, formerly 3PL Central, is a visionary technology leader focused on creating the future of omnichannel fulfillment. We partner with warehouse professionals and entrepreneurial brands to transform their fulfillment operations in the radically changing world of commerce and consumer expectations. Through our unrivaled network of more than 1,500 connected 3PLs and a suite of integrated, cloud-native warehouse management (WMS), order management (OMS), and inventory management (IMS) software, we enable modern merchants and brands to fulfill demand anywhere with superior flexibility and scale without painful platform migrations as they grow. More than 25,000 logistics professionals and thousands of brands trust Extensiv every day to drive commerce at the pace that modern consumers expect.

CONTACT:

Bret Clement, Clement | Peterson for Extensiv
bret@clementpeterson.com

More about Inc. and the Inc. 5000

Methodology

Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of Dec. 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000.

About Inc.

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com.

Source: Extensiv, formerly 3PL Central
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August 16, 2022
Extensiv Launches New Platform to Improve Costs and Vendor Choices for Small Parcel Shipping
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Extensiv’s Parcel API expands connectivity to allow 3PLs to ship orders more efficiently and win more business

Press Release
–

updated: Aug 9, 2022
EL SEGUNDO, Calif., August 9, 2022 (Newswire.com)
–
Extensiv – delivering omnichannel software solutions for warehouse, inventory, and order management – today announced the launch of its Parcel API, a new application programming interface (API) for Extensiv 3PL Warehouse Manager customers that allows virtually any small parcel shipping provider to integrate to 3PL Warehouse Manager and make their services available to its 1,100+ 3PLs. Third-party logistics (3PL) providers can now quickly and easily add the most efficient and economical shipping option to support whatever shipping provider their customers demand, enabling 3PLs to win more business and operate more efficiently.

“Small parcel shipping is getting more difficult as major shipping carriers raise rates, increase surcharges, and stop working with smaller volume customers,” said Amit Kumar, Vice President of Product at Extensiv. “This volatility has driven innovation across the world of small parcel deliveries, with new providers emerging every day, including next and same day. The Parcel API is all about options and leverage, providing the most connected warehouse management system in the market for small parcel delivery options. The new API structure enhances our capabilities across multiple providers, helping our 3PL customers move beyond a limited number of shipping partners.”

Extensiv’s Parcel API

Parcel API is an open platform that allows Extensiv 3PL Warehouse Manager customers to select the provider best suited to business needs, providing access to more options for carrier integration and provider services. With the Extensiv Parcel API and a growing list of shipping partners, 3PLs will be able to work with virtually any label provider, ensuring they receive the best shipping price and performance. Rather than relying on a single partner for capabilities, 3PLs can turn to Extensiv’s partner Ecosystem for more options, offering flexibility as needs change and supporting the best pricing and performance for shipping needs.

The Parcel API builds on Extensiv 3PL Warehouse Manager’s Small Parcel Suite, a SaaS-based paperless warehouse efficiency solution for 3PLs offering ecommerce and omnichannel fulfillment. With the Small Parcel Suite, 3PL warehouses reduce packing time by 50% by offering regular order packing and packing from shelves. The Small Parcel Suite drives accuracy by ensuring that verified orders are correct. In addition, Small Parcel Suite customers can save thousands per month on carrier fees by leveraging rate shopping rules to automatically print the lowest cost label.

Additional benefits of the Extensiv Parcel API:
- Connection to the widest array of shipping partners: 3PL warehouses use a variety of carriers for shipping, but the market includes hundreds of carriers, including small, regional players. Each carrier has a unique offering through API connections, including specialty services.
- Win more business: By having the flexibility to work with any carrier their customer needs and negotiate better shipping rates, 3PLs can differentiate their business and win more clients.
- Reduced complexity of shipping integrations: Extensiv Parcel API helps users keep pace with the dynamic market through access to label providers.
- Access to innovation: As this dynamic and growing sector of the industry evolves, Extensiv Parcel API will help provide access to new capabilities from well-established providers and exciting new entrants.
- Enhanced high volume processing (HVP): By allowing 3PLs to process labels for many orders simultaneously, Extensiv Parcel API helps 3PLs operate warehouses more efficiently.
- Lower shipping and transportation costs: Outside of labor, shipping and transportation are the largest expenses for warehouses. Leveraging pre-negotiated rates through Parcel API label partners, 3PLs can significantly reduce shipping costs.
- Reduced chargeback expenses: Extensiv Parcel API minimizes the chances of incurring the steep chargebacks often billed for mismanaging shipments, such as penalties for printing a label with a non-valid service.
For carriers looking to offer their services to Extensiv 3PL Warehouse Manager customers, this opens a new avenue to integrate with the system. In the coming months, Extensiv will expand carrier programs with early adopter partners, as well as open participation to a broader array of third parties through the Parcel API.

Click here to learn more about Extensiv’s small parcel solutions.

About Extensiv

Extensiv, formerly 3PL Central, is a visionary technology leader focused on creating the future of omnichannel fulfillment. We partner with warehouse professionals and entrepreneurial brands to transform their fulfillment operations in the radically changing world of commerce and consumer expectations. Through our unrivaled network of more than 1,500 connected 3PLs and a suite of integrated, cloud-native warehouse management (WMS), order management (OMS), and inventory management (IMS) software, we enable modern merchants and brands to fulfill demand anywhere with superior flexibility and scale without painful platform migrations as they grow. More than 25,000 logistics professionals and thousands of brands trust Extensiv every day to drive commerce at the pace that modern consumers expect.

Media Contacts:

Bret Clement, Clement | Peterson for Extensiv
bret@clementpeterson.com
or
Rachel Trindade, Extensiv
rtrindade@extensiv.com

Source: Extensiv, formerly 3PL Central
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August 9, 2022
Tritan Software Expands With New Office in Cyprus

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Press Release
–

Aug 1, 2022

MIAMI, August 1, 2022 (Newswire.com)
–
Tritan Software, the leading provider of maritime health and safety software platforms, has officially opened a new office location in Limassol, Cyprus, to further expand its operations within the commercial maritime segment.

The new office will serve as a primary service and business development location for the shipping industry and the greater Mediterranean region. “Given its strategic location and presence to some of the world’s most prominent ship management companies, it was a natural choice to be closer to our clients and provide the best support for their needs,” stated Nedko Panayotov, Head of Strategic Partnerships.

The office is located at the recently constructed new port building directly in front of the Port of Limassol with the Tritan logo prominently on display. Tritan Software has expanded rapidly into the commercial segment and is currently servicing some of the industry’s largest ship management companies, along with over 97% of the cruise industry. “We’re bringing much-needed innovation and new services into a segment of the industry that has been largely underserved for many years,” stated Andrew L. Carricarte, President and CEO. “We’re genuinely excited to grow our success with more vessel operators and to improve the safety and wellbeing of seafarers worldwide.”

About Tritan Software

Tritan Software is the industry’s #1 provider of Health and Safety software and services currently supporting more than 97% of cruise lines and some of the world’s largest ship management companies. Tritan’s extensive experience and specialized product suites specifically address the unique needs of the industry while achieving the highest value for our Clients with a proven return on investment. Our focus on technology innovation and 24/7 service excellence has been the catalyst for our global success.

To learn more about Tritan Software, please visit www.tritansoft.com.

Contact: Mr. Nedko Panayotov, Ext. 8102

Phone: +1-877-299-1000

Email: info@tritansoft.com

Source: Tritan Software Corporation

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August 1, 2022
Webgility Named FrontRunner for Shipping Software by Software Advice

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The ecommerce automation SaaS company thanks its customers for the recognition and promises to continue prioritizing their needs.

Press Release
–

May 26, 2022

SCOTTSDALE, Ariz., May 26, 2022 (Newswire.com)
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Webgility announced today it was named a FrontRunner for Shipping software by Software Advice, the latest in a series of accolades from peer-review organizations. FrontRunners is designed to help small businesses evaluate which software products may be right for them.

“Customer success and satisfaction is our North Star, and we prioritize providing solutions that address their pain points,” said Parag Mamnani, founder and CEO of Webgility. “We are honored to be recognized by them and by Software Advice for helping to save time and do more by leveraging automation.”

FrontRunners is published on Software Advice, the leading online service for businesses navigating the software selection process. FrontRunners evaluates verified end-user reviews and product data, positioning the top scoring products based on Usability and Customer Satisfaction ratings for small businesses.

FrontRunners for Shipping software is available at https://www.softwareadvice.com/scm/shipping-comparison/#frontrunners.

As the automation solution of choice for thousands of established retailers, brands, wholesalers, and their accounting professionals, Webgility helps ecommerce businesses process millions of orders each month. The software automatically integrates sellers’ sales and operations channels with their accounting platforms, and also offers a robust inventory management solution and seamless shipping capabilities. The resulting intelligence allows users to make more informed decisions and fuels productivity, predictability, and profitability.

“Once we got [Webgility] connected to our online selling platforms and QuickBooks, this software freed up so much of my time,” one reviewer wrote. “It allowed me to transition into a more impactful position with the company.”

To learn more about Webgility and see verified customer reviews, visit Software Advice.

ABOUT WEBGILITY

Commerce is changing rapidly. Your customers have increasing expectations. Your competitors are on your heels. Stop wasting precious time on data entry, jumping into multiple systems, and tracking mind-numbing spreadsheets. Webgility’s Modern Commerce Workspace™ is designed to work with QuickBooks and brings together all your commerce apps. With Webgility, you can expand your ecommerce business, cut time and money spent on accounting, and get insights to increase profitability. Recognized as the leader by G2 for providing top-rated solutions and services for SMBs, it’s no wonder over 5,000 businesses rely on Webgility every day. Let us help you get back to business so you can grow faster and win. Learn more at www.webgility.com.

Media Contact

Taylor Knauf
taylor.knauf@webgility.com
877-753-5373

Required disclaimer: FrontRunners constitute the subjective opinions of individual end-user reviews, ratings, and data applied against a documented methodology; they neither represent the views of, nor constitute an endorsement by, Software Advice or its affiliates.

Source: Webgility, Inc.

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May 26, 2022
Smart choice: US $100 million investment in SCRUBBER TECHNOLOGY paid off in 3 years with fuel savings benefits to Eagle Bulk Shipping

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New Jersey-based CR Ocean Engineering outfitted most of Eagle’s fleet of supramaxes and ultramaxes.

Press Release
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May 19, 2022

PARSIPPANY, N.J., May 19, 2022 (Newswire.com)
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A 2018 strategic decision to install CR Ocean Engineering (CROE^®) Scrubbers has proven to be an environmentally sound and profitable decision for Connecticut-based Eagle Bulk Shipping (NASDAQ: EGLE) with an expected payback on investment by the year’s end.

According to a TradeWinds [https://bit.ly/3KkyLdO] interview with CEO Gary Vogel and Chief Strategy Officer Costa Tsoutsoplides, Eagle Bulk answered the MARPOL 2020 0.5% emissions ceiling with a strategic decision to invest in marine exhaust scrubber technology. A $100M investment equipped 47 ships with scrubbers — 89% of its fleet of supramaxes and ultramaxes.

Nicholas Confuorto, at the helm of CROE at the time, congratulated Eagle Bulk Shipping. “It brings us great satisfaction to have helped reduce emissions while helping our clients recoup their investment in our technology. Their vision is now paying off. As an additional benefit, this success comes at a lower carbon footprint than using low sulfur fuels.”

The numbers speak for themselves.

“With $60M of fuel savings back in its coffers and spreads between high-sulfur and low-sulfur fuels again on the rise, Eagle Bulk believes it can recoup its total outlay before 2022 is over.”

“We’re very happy with where we are, especially given the challenges of 2020 with Covid-19 and lower fuel spreads,” Mr. Vogel said.

Mr. Vogel praised the CROE scrubbers, saying that they “were performing well beyond expectations, with some even cleaning to a level of 0.1% sulfur rather than the mandated 0.5%…their reliability has been outstanding,” he said while praising CROE, the manufacturer of the scrubbing systems.

A broad range of studies has shown that using High Sulfur Fuel Oil with a scrubber results in a lower “well to wake” carbon footprint than using Very Low Sulfur Fuel Oil or even MGO. A paper published by the Elsevier journal Transportation Research [https://bit.ly/3sR0exV] suggests the switch from high-sulfur fuel oil (HSFO) to very low-sulfur fuel oil (VLSFO) may have increased global carbon output by 323 million metric tons per year — almost one-third of shipping’s carbon footprint — because of increased refinery emissions from the desulfurization process.

CROE scrubbers can be installed in new ships or retrofitted into existing fleets. “They are the perfect solution for cruisers, ferries, RoRos, and many other vessels,” Mr. Confuorto added.

______________________________________________________________________________

ABOUT CR OCEAN ENGINEERING

CR Ocean Engineering, LLC offers its proven exhaust gas scrubbing technology as an economic alternative to the high-priced low sulfur fuel, providing the necessary reliability and the assurance of meeting the 0.1% sulfur fuel equivalency when burning high-sulfur, lower-cost fuels.

CR Ocean Engineering Exhaust Gas Scrubbing Technology: ideal for cruise ships, ferries, bulk carriers, containerships, RoRo and others.

Contact: dphilibert@croceanx.com
Tel. +1 (973) 455-0005, Ext. 123

www.croceanx.com
Privately held manufacturer of marine exhaust emissions technology, tracing its roots to 1917.

#####

Source: CR Ocean Engineering

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May 19, 2022
Sean O’Connor of Lone Star Overnight (LSO™) Accepted Into Forbes Business Council

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Forbes Business Council Is an Invitation-Only Community for Successful Business Owners and Leaders

Press Release
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Mar 10, 2022

AUSTIN, Texas, March 10, 2022 (Newswire.com)
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Sean O’Connor, the COO and newly appointed president of Lone Star Overnight (LSO™), a regional parcel delivery company with a network of 27 operating locations throughout the Southwest and Central regions, has been accepted into the Forbes Business Council, the foremost growth and networking organization for successful business owners and leaders worldwide.

O’Connor was vetted and selected by a review committee based on the depth and diversity of his experience. Criteria for acceptance include a track record of successfully impacting business growth metrics, as well as personal and professional achievements and honors.

“We are honored to welcome Sean O’Connor into the community,” said Scott Gerber, founder of Forbes Councils, the collective that includes Forbes Business Council. “Our mission with Forbes Councils is to bring together proven leaders from every industry, creating a curated, social capital-driven network that helps every member grow professionally and make an even greater impact on the business world.”

As an accepted member of the Council, O’Connor has access to a variety of exclusive opportunities designed to help him reach peak professional influence. He will connect and collaborate with other respected local leaders in a private forum and at members-only events. He will also be invited to work with a professional editorial team to share his expert insights in original business articles on Forbes.com and to contribute to published Q&A panels alongside other experts.

Finally, O’Connor will benefit from exclusive access to vetted business service partners, membership-branded marketing collateral, and the high-touch support of the Forbes Councils’ member concierge team.

“It’s a privilege to be part of the Forbes Councils and to have the opportunity to share our expertise with business leaders worldwide,” O’Connor said. “LSO is an innovator in the logistics sector, and we look forward to providing insight and guidance to other forward-thinking companies.”

ABOUT FORBES COUNCILS

Forbes Councils is a collective of invitation-only communities created in partnership with Forbes and the expert community builders who founded Young Entrepreneur Council (YEC). In Forbes Councils, exceptional business owners and leaders come together with the people and resources that can help them thrive.

To learn more about Forbes Councils, visit forbescouncils.com.

About LSO / Lone Star Overnight (LSO™)

Lone Star Overnight (LSO™) is headquartered in Austin, Texas, and, over the last 30 years, has become a leading regional parcel delivery company. LSO has a network of 27 operating locations throughout the Southwest and Central regions. Coverage area includes 100% of the population of Texas, ~65% in Oklahoma, ~80% in Louisiana and Missouri, and ~45% in Arkansas. LSO’s reach extends into parts of Kansas, Illinois, and New Mexico. LSO’s service area reaches ~13% of the USA population consisting of ~43 million people and potential e-commerce shoppers.

Media Contact
Savannah Muir
savannah@newswire.com

Source: Lone Star Overnight (LSO)

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March 10, 2022
BitNautic – The Launching of a Decentralized Shipping and Finance Platform
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Press Release
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Jan 25, 2022
LONDON, January 25, 2022 (Newswire.com)
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BitNautic is a leading decentralized shipping and finance platform, launched in 2018. It is a global company that specializes in blockchain-based shipping solutions. The founders’ core team has extensive experience in the cargo industry, logistics, programming, IT, and blockchain services.

The platform comes with distinctive features like an AI-based booking system, real-time tracking of cargo and ships, and an e-commerce platform. It makes it possible for the community to do shipping business with the security of blockchain by providing solutions like creating bills of lading and buyer authorization on blockchain to avoid fraud.

Already in place, DeFi products are being used by BitNautic community members; currently, BTNT tokens are launched on Ethereum blockchain and are also bridged to Binance smart chain with total supply nearing to 100 million.

The Launching of BitNautic DeFi Platforms

BitNautic has developed a DeFi ecosystem, which is driven by its community; it has its own Reward Token and Reward Mechanism. This truly makes it a Decentralized Platform.

https://medium.com/@BitNautic_Official/bitnautic-token-reward-system-how-to-stake-pancake-btnt-bnb-lp-tokens-and-earn-free-btnt-3b47c13a0e4

https://medium.com/@BitNautic_Official/one-more-feather-in-the-cap-of-bitnautics-defi-ecosystem-direct-staking-platform-is-live-now-2b98548e41bc
- Ethereum to Binance Smart Chain Bridge
https://bsc.bitnautic.com/
- NFT based cargo booking system
- Blockchain Based Bill of Lading
BTNT – The Native Currency of BitNautic
- BTNT is a native currency of BitNautic ecosystem. Total supply of BTNT is 100 million and circulating supply is 20 million
- BTNT is listed on centralized exchanges like Stex and Coinsbit. BTNT is also listed on decentralized exchanges like pancakeswap.
The Grand Loyalty network of BTNT :

BitNautic team is continuously engaging the community via AMAs, giveaways, marketing campaigns, etc. BitNautic has teamed up with an exclusive network to offer a variety of interesting features:

For more information, visit our website: www.BitNautic.com

Vision of Bitnautic for the future:

For technology to play an important role in this industry, people must be effectively trained in order to foster a digital culture and prepare the workforce to use such tools on a daily basis. With high-end DeFi tools and blockchain-based applications, BitNautic has earned the confidence of its community. The price of the BTNT token is rising month on month as people are believing in the project and are holding the tokens in their wallet. BitNautic aims to deploy multiple Dapps relating to the shipping industry and bring all the transactions on the blockchain.

Summarizing Bitnautic plans & collaboration in the market

The focus of BitNautic’s in-solution development is on giving users immediate and direct benefits, as well as clean workflows, a refined user experience, and a future-proof, open architecture. Today, the company is forging alliances with leading regional and global manufacturers and service providers, and team members are actively participating in standard-forming bodies to ensure industry-wide interoperability.

At BitNautic, we work with clients, regulators, and policymakers around the world to understand their needs about the blockchain and shipping industry that are changing the face of business and government today. Our Blockchain-based infrastructure and shipping technology solutions are being developed in order to create innovative business models and disrupt traditional ones. Our deep business knowledge and global industry-leading audit, consulting, tax, risk, and financial advisory services assist organizations of all sizes in achieving their various shipping technology goals.

Stay connected with us to know further updates.

Follow us on social media:

Twitter: https://twitter.com/bit_nautic

Discord: https://discord.com/invite/JaUEVsvdgD

Telegram: https://t.me/bitnautic_group

LinkedIn: https://www.linkedin.com/company/bitnauticofficial/

Instagram: https://www.instagram.com/bitnautic_official/

Facebook: https://www.facebook.com/bitnautic

Reddit: https://www.reddit.com/r/bitnauticans/

Quora: https://www.quora.com/profile/BitNautic-3

Pinterest: https://in.pinterest.com/BitNautic_Official/

Coin Market Cap: https://coinmarketcap.com/currencies/bitnautic-token/

Coingecko: https://www.coingecko.com/en/coins/bitnautic

Source: BitNautic
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January 25, 2022
Lone Star Overnight (LSO™) Shares 2022 Regional Shipping Predictions, Preparations for Peak Season
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Regional shipping services company is planning for the 2022 peak season to ensure timely delivery.

Press Release
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Jan 25, 2022
AUSTIN, Texas, January 25, 2022 (Newswire.com)
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Forecasting significant stresses on shippers and carriers, Lone Star Overnight (LSO™) is preparing now for peak shipping season 2022.

The regional shipping services company, which serves 43 million people in Texas and the south-central United States, expects the record-breaking 2021 holiday season to continue with high volumes through the second quarter of 2022. High levels of imports because of ongoing consumer demand and existing backlogs, as well as economic growth, will drive demand for shippers. Meanwhile, supply chain issues will hinder carriers seeking to improve or expand their fleets.

Those trends mean both shippers and carriers should plan now, work together and make adjustments, said Sean O’Connor, chief operating officer and president of LSO.

“Regional shippers must prepare now for sustained pressure on trucking and intermodal transportation, through the second quarter and probably well beyond,” he said. “The best thing shippers can do to maximize service and minimize cost is to finalize peak forecasts and operational implementation plans regardless of their carrier choice.”

LSO is implementing changes based on its lessons learned from the 2021 peak season. That includes:
- Working with shippers to ensure everyone makes plans on accurate forecasting
- Planning well ahead of time to provide services for packages LSO knows are coming
- Ensuring sufficient revenue throughout the year to be able to “ramp up” for peak season
- Considering limiting or reducing LSO’s number of clients to ensure it provides premium service
As LSO continues to expand its service area, it also anticipates growth from shippers seeking an alternative to the industry giants. “Our customers have shared with us that they’re shifting from national shippers to LSO for three key reasons: better service, significant savings, and flexibility,” O’Connor said. “We’ll be prepared to deliver for them in peak season 2022.”

To learn more about LSO, visit www.lso.com.

About Lone Star Overnight

Lone Star Overnight (LSO™) is headquartered in Austin, Texas, and has become a leading regional parcel delivery company during the last 30 years. LSO has a network of 27 operating locations throughout the Southwest and Central regions. Coverage area includes 100% of the population of Texas and approximately 65% in Oklahoma, 80% in Louisiana and Missouri, and 45% in Arkansas. LSO’s reach extends into parts of Kansas, Illinois, and New Mexico. LSO can deliver to 13% of the U.S. population, consisting of about 43 million people and potential e-commerce shoppers.

Media Contact
Savannah Muir
savannah@newswire.com

Source: Lone Star Overnight (LSO™)
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January 25, 2022
Lone Star Overnight (LSO™) Announces New Leadership Update

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The leading carrier service based in Austin, Texas, will see a new leader emerge this holiday season

Press Release
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Dec 14, 2021

AUSTIN, Texas, December 14, 2021 (Newswire.com)
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Austin-based regional parcel delivery company Lone Star Overnight (LSO™) has officially released an update regarding company leadership following the departure of former President and CEO Richard Metzler. Sean O’Connor, LSO’s newly appointed Chief Operating Officer, will now add President to his COO title and be responsible for guiding the company as it heads deeper into the peak of holiday delivery season.

Prior to LSO, O’Connor established himself within the industry by working a multitude of critical roles at FedEx Ground, including Regional Vice President (Eastern Region) and Vice President of Contractor Relations. O’Connor then went on to become the Chief Operating Officer at GLS (General Logistics Systems US, Inc.), before becoming the new President of LSO. With several leadership changes recently made within the company, O’Connor is stepping forward and bringing years of leadership experience in package & freight and express shipping to LSO.

“I am prepared to step into this leadership role at LSO, even during our challenging peak shipping season, which has already exceeded even last year’s record levels, and into the years ahead,” said O’Connor. “I have complete confidence in our leadership team and our dedicated employees to maintain our status as the premier shipping partner for businesses in Texas, Oklahoma, Louisiana, and our growing service regions.”

LSO has a network of 27 operating locations throughout the Southwest and Central regions, including coverage in Texas, Oklahoma, Louisiana, Missouri, Arkansas, Kansas, Illinois, and New Mexico. LSO’s delivery service area reaches roughly 43 million people per year, positioning them as a leader among regional overnight carrier companies.

“Sean brings a wealth of logistics experience both as an operator and a leader. We could not be more excited to have him leading LSO as the business continues to aggressively expand,” said Andrew Townsend, Chairman of WeDo Logistics, in regards to the recent leadership change.

For more information about the LSO leadership team, please visit lso.com.

About LSO / Lone Star Overnight (LSO™)

Lone Star Overnight (LSO™) is headquartered in Austin, Texas, and, over the last 30 years, has become a leading regional parcel delivery company. LSO has a network of 27 operating locations throughout the Southwest and Central regions. Coverage area includes 100% of the population of Texas, ~65% in Oklahoma, ~80% in Louisiana and Missouri, and ~45% in Arkansas. LSO’s reach extends into parts of Kansas, Illinois and New Mexico. LSO’s service area reaches ~13% of the USA population consisting of ~43 million people and potential e-commerce shoppers.

Contact Information

Savannah Muir
savannah@newswire.com

Source: Lone Star Overnight (LSO)

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December 14, 2021
Lone Star Overnight (LSO™) Announces Annual General Rate Increase (GRI), Effective Jan. 2, 2022
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Press Release
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Nov 18, 2021
AUSTIN, Texas, November 18, 2021 (Newswire.com)
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Lone Star Overnight (LSO™), the leading parcel carrier in the Southwest and Central regions, is announcing a general rate increase (GRI), effective Jan. 2, 2022, that will average 5.9% on base rates. This news follows the earlier rate increase announcements from FedEx and UPS.

Richard M. Metzler, LSO President, and Chief Executive Officer commented, “Overall, LSO rates will continue to be significantly less expensive than FedEx and UPS for 2022. Compared to FedEx and UPS, our express and ground rates are much lower at key weights and zones. Shippers should also note that our accessorial fees are almost always significantly lower, which can have a significant impact on the total cost to ship.”

Among the cost savings LSO provides vs. FedEx and UPS:
- Next day service – 25% less on average, and up to 47% less Next day service (by 3:00 p.m.)
- Ground service – 16% less on average for heavier parcels
Metzler went on to say, “ShipMatrix reported Oct. 23, 2021 in the Wall Street Journal that FedEx Ground on-time service levels were less than 85% in the third quarter when we were in the high-to-mid 90s for most of that quarter. Our customers, and theirs, continue to tell us that LSO has better on-time reliability, is less expensive, and has proven to be more flexible during the very challenging 2020 peak season when it counted most. That is a key factor of why we grew our e-commerce product by 185% last year.”

Following LSO’s peak surcharge update for e-commerce shipping between Oct. 15, 2021, and Jan. 13, 2022, pricing for each package is significantly lower than FedEx and UPS, there are no thresholds based on volume and no tiered surcharge levels. The simpler flat-rate surcharge level is based on individual shipping characteristics and volume throughout the year, and there is no peak surcharge for most business shippers.

To learn more, visit lso.com.

About LSO / Lone Star Overnight (LSO™)

Lone Star Overnight (LSO™) is headquartered in Austin, Texas, and, over the last 30 years, has become a leading regional parcel delivery company. LSO has a network of 27 operating locations throughout the Southwest and Central regions. Coverage area includes 100% of the population of Texas, ~65% in Oklahoma, ~80% in Louisiana and Missouri, and ~45% in Arkansas. LSO’s reach extends into parts of Kansas, Illinois and New Mexico. LSO’s service area reaches ~13% of the USA population consisting of ~43 million people and potential e-commerce shoppers.

Media Contact
Savannah Muir
savannah@newswire.com

Source: Lone Star Overnight
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November 18, 2021