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XPO Logistics has reported its first profitable quarter in at least four years, as the company has gained new customers and moved forward in acquisition, reports Wall Street Journal.

The Greenwich, Conn.-based company has rolled up businesses from different corners of the logistics industry including multi-billion dollar acquisitions of transportation providers in the US and Europe.

They posted a record $42.6 million profit for the second quarter. This is a very impressive comeback following its $75 million loss only a year earlier.

XPO is growing revenue by offering end-to-end logistics solutions, from arranging freight transportation to managing warehouses to delivering goods to customers’ doors.

Ecommerce continues to be one of the most important tailwinds for margin expansion in last mile on both sides of the Atlantic. – Brad Jacobs, Chief Executive of XPO. 

XPO’s transition to profitability comes amid weak demand for freight transportation, which has hit many of XPO’s competitors in the trucking industry. The company has profited like DHL and UPS in excellent Q2 reports due to the surge in ecommerce.

A version of this appeared in The Wall Street Journal on August 3. Read the full version here

Mobile payment is coming to stores belonging to fashion retailer Inditex Group in September, reports Retail News Asia.

Inditex has eight brands and more than 7,000 stores throughout the world. These brands include Zara, Pull&Bear, Massimo Dutti, and Zara Home.

The company’s in-house developed application, InWallet, will facilitate mobile payment at any of the group’s brands in Spain.

How does InWallet work?

The service will also allow all receipts to be issued electronically. The new service has been designed to enhance the shopping experience and simplify the purchase and returns process.

Customers can activate the service directly from the online app and add the payment cards they want to use on the account in a safe and secure way.

RFID technology rollout across all Zara stores is on track for completion by the end of this year and available to the rest of the group’s brands starting next year.

Inditex chief has launched an ambitious recycling program that would collect customers’ unwanted clothing when shopping online.

Under the plan, between 1,500 and 2,000 clothes collection containers will be installed in several Spanish cities in collaboration with Caritas.

Simultaneously, Zara will continue installing containers in the bricks and mortar stores, and in September all Zara stores in Spain will have a container for recycling.

The mobile payment roll-out does not have current plans for international expansion to the group’s scattered presence across the world but highly possible to come to Southeast Asia branches as the region is already mobile first.

A version of this appeared in Retail News Asia on August 3. Read the full version here