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Toys R Us Debt Service Propels The Toy Giant Into Bankruptcy

Posted by Land Link on Sep 20, 2017 8:20:22 AM

Toys 'R' Us Inc. filed for Chapter 11 bankruptcy protection late on Monday, Sept. 18, as the U.S.'s largest toy retailer couldn't deal with its rising debt load.  The chapter 11 filing suggests Toys R Us may survive to sell again.  Chapter 11 focuses on debt restructuring rather than liquidation.  The main difference between Chapter 7 and Chapter 11 bankruptcy is that under a Chapter 7 bankruptcy filing, the debtor's assets are sold off to pay the lenders whereas in Chapter 11, the debtor negotiates with creditors to alter the terms of the loan without having to liquidate assets.  The company said it intended to use these court-supervised proceedings to restructure its outstanding debt and establish a sustainable capital structure, adding that bankruptcy protection will enable it to invest in long-term growth.  The filing comes as the toy giant struggled to compete with online retailers like Amazon, Walmart and Target.  Court documents show the company has its roots in Children's Bargain Town, a baby furniture store opened by Charles Lazarus in Washington in 1948. He subsequently opened the first Toys 'R' Us in 1957 after adding toys and baby products to his original store.

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Hurricane Irma's Potential Effect on Fright Transportation

Posted by Land Link on Sep 13, 2017 8:46:26 AM

A Harvey and Irma one-two-punch is bound to significantly effect freight movement in the Southeast and potentially the rest of the U.S.  Trucking analysts fear widespread industry disruption as Hurricane Irma slams the Eastern Seaboard, especially since the track is headed for freight distribution centers in Georgia in the coming week.  We may not realize the full impact of fewer available trucks and DC bottlenecks for days or weeks to come.  Most trucks that did get stuck in Florida are likely from somewhere other than Florida since it is such a consumption state.  So that equipment taken out of service could have an affect just about anywhere in the country. 

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Topics: Transportation News, Logistics Business, Logistics News

Harvey Having a Major Impact on National Freight Transportation

Posted by Land Link on Sep 6, 2017 8:46:16 AM


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Topics: Transportation News, Logistics Business, Logistics News

Shopping Will Never Be The Same

Posted by Land Link on Aug 23, 2017 9:13:52 AM

The impact that tech-savvy customers are having on the ecommerce world is not just stronger than ever; it's faster than ever. Gone are the days when customers would surf the net trying to determine if an online order was worth the risk.  This is, of course, truest among the Generation Z population; those born after 1995.  Of course, responding to the technology laden desires of post-Millennial shoppers requires understanding them, which can be especially difficult for retail brands that weren’t born online.  This is likely a major reason for Amazons dominance in the online retail business.  Conversely, Walmart and Target have had to endure the challenges of transitioning from brick and mortar to an online presence.  Clearly Amazon has defined the direction of online retail.  Since, by some estimates, Gen Z represents more than a quarter of the U.S. population and has an annual U.S. purchasing power of $44 billion online retail is the new normal.  We thought it would be interesting to delve into some of the changes that are on the horizon for online retail.

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Topics: Logistics Business, Logistics News, Technology

Supply Chain Trends For The Next Several Quarters

Posted by Land Link on Aug 16, 2017 9:37:02 AM

The peculiarity of trends is that they seem to show up quickly but no one knows if they’re gonna stick around long enough to become practice. It's like the industry is rushing ideas and applications to market before any real testing or consideration. Here are some topics and policies that may come to life in the coming years.

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Topics: Logistics Business, Logistics News

Walmart Denies Bullying its Truckers

Posted by Land Link on Aug 9, 2017 8:14:28 AM

In July, we wrote about claims that Walmart was pressuring its carriers, who also haul for Amazon, to cease and desist if they want to retain Walmart business. In fairness, we want to point out that Walmart has denied pressuring any of its truckers. The retailer told TheStreet.com that the report about the truckers was false, noting it’s “illegal for us to tell them who they can do business with,” a spokesperson said. The warning to truckers, true or not, comes at a time when Walmart is picking up its fight with Amazon, which has long been the dominant e-Commerce leader in the U.S. Just last week, the Wall Street Journal reported Walmart has started telling technology partners not to run applications for the retailer on Amazon Web Services (AWS). According to the paper, tech executives said that if they want to continue to keep Walmart’s business, they have to use other cloud-computing services like Microsoft’s Azure cloud service. Walmart maintains most of its data internally, but a spokesman confirmed to the Wall Street Journal that there are cases where some of the cloud apps it uses run on AWS. The spokesman wouldn’t disclose the apps, but did confirm it has urged vendors to use other cloud-computing business solutions in those cases. “It shouldn’t be a big surprise that there are cases in which we’d prefer our most sensitive data isn’t sitting on a competitor’s platform,” the spokesman told the Wall Street Journal. He noted it’s in a small number of cases.

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Topics: Logistics Business, Logistics News

Understanding the Rules and Risks for Transporting Hazardous Materials

Posted by Land Link on Aug 2, 2017 8:52:18 AM

Any company working with hazardous materials of any type must understand the nature of hazardous materials and the steps that must be taken to ship such goods in the safest possible manner. By definition, a hazardous material is a substance or material that the Secretary of Transportation has determined is “capable of posing an unreasonable risk to health, safety, and property when transported in commerce and has been designated as hazardous under the federal hazardous materials transportation law.”  Regulations for the transport of hazardous materials are comprehensive and somewhat complex.  Maintaining a strong understanding of these regulations and potential pitfalls of hazmat transportation is critical to the safe and successful handling and delivery of your product and protection of your brand.  There is an old saying "The only bad press is your obituary".  This may not apply in the transportation of your products.  Front page news of a hazmat breach while in transit could very well be the obituary for your brand.  Just ask Exxon about a little oil spill in Alaska. 

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Topics: Logistics Business, Logistics News

ATA Forecast Report Points to Continued Future Freight Grow

Posted by Land Link on Jul 26, 2017 11:12:28 AM

When was the last time you checked out the efficiency of your supply chain?  According to a report published by the American Trucking Association, freight volumes in the transportation market are expected to continuously grow over the next decade.  Consequently, equipment availability is sure to decline.

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Topics: Supply Chain Management, Logistics Business, Logistics News

Walmart's Strategy to Compete With Amazon

Posted by Land Link on Jul 19, 2017 12:30:23 PM

Walmart is on the offensive. It really has little choice but to go at Amazon full throttle with an in your face attitude. It's risky but the alternative is to be satisfied with a distant second place to Amazon in the online marketplace - a marketplace wherein lies most of the future growth for retailers.

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Topics: Logistics Business

Is Walmart Acting Like the Neighborhood Bully?

Posted by Land Link on Jul 12, 2017 4:22:30 PM

Wal-Mart Stores Inc. is telling its for-hire motor carriers that if they also haul goods for Amazon.com Inc., they will have to stop doing so in return for keeping Walmart business, a leading transport and logistics consultant said 2 weeks ago.   According to Deutsche Bank's freight and logistics analyst Amit Mehrotra , these developments, "are likely to have significant implications for U.S. transportation companies, in our view, as Amazon and Walmart remain two of the largest users of truckload capacity.

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Topics: Logistics News