Skip to content
Search AI Powered
Human content, AI powered search.

Latest Stories

E-commerce 3PL gains $100 million funding for its network of Mexican warehouses

XB Fulfillment says it can tap into “virtually unlimited low-cost labor” in four southern fulfillment centers.

XB fmt Screen Shot 2023-05-17 at 11.29.25 AM.png
DC Velocity Staff
By DC Velocity StaffMay 17, 2023
DC Velocity Staff
See Full Bio

The e-commerce third party logistics provider (3PL) XB Fulfillment plans to accelerate its expansion thanks to a $100 million round of private equity backing, the company said today. 

San Diego-based XB, which is known formally as X Border Holdings LLC, says it provides fast-growing, U.S.-based e-commerce and omnichannel brands with bespoke fulfillment and value-added warehousing services. The company says it provides top level fulfillment services and key performance indictors (KPIs), alongside duty savings and “virtually unlimited low-cost labor” through its four state-of-the-art fulfillment centers in Mexico. 

The new backing came from Los Angeles-based Caprice Capital Partners LLC, and follows an earlier 2021 funding round. 

"XB is a great case study for Caprice's growth capital investment thesis of partnering with founder-owned businesses. The Company has nearly tripled in size from our initial growth capital investment in January 2021 and we're excited about the Company's next stage of growth as it expands its capacity by approximately 60% and broadens its geographical presence," Rich Thomson, founder of Caprice, said in a release.

 

 

ArticleEditorialSC Services
xb fulfillment
ArticleEditorialSC Services
xb fulfillment

The Latest

Article

Intermodal market trends signal a return to stability, but warning signs lie ahead

ILA longshoremans union flag banner
Article

Dockworker strike halts containers at dozens of sites

speakers at cscmp edge conference nashville
Article

East and Gulf Coast port strike would send ripples across U.S.

FE4C50 65 Lithium 4 Wheel Cushion Forklift from Noblelift
DCV-TV 4: Viewer Contributed

FE4C50 65 Lithium 4 Wheel Cushion Forklift from Noblelift

More Stories

power outage map after hurricane

Southeast region still hindered by hurricane power outages

States across the Southeast woke up today to find that the immediate weather impacts from Hurricane Helene are done, but the impacts to people, businesses, and the supply chain continue to be a major headache, according to Everstream Analytics.

The primary problem is the collection of massive power outages caused by the storm’s punishing winds and rainfall, now affecting some 2 million customers across the Southeast region of the U.S.

Keep ReadingShow less

Featured

express parcel delivery worker on moped
Shipping Software

Shipsi plans to expand its express delivery reach after acquisition

Driverless parcel delivery debuts in Switzerland
Featured

Driverless parcel delivery debuts in Switzerland

factory for making sustainable aviation fuel
Air Cargo

Honeywell technology will support sustainable aviation fuel plant

map of hurricane forecast track
Article

Helene threatens Florida as storm nears hurricane strength

Survey: In-store shopping sentiment up 21%
Featured

Survey: In-store shopping sentiment up 21%

containers stacked in a yard

Reinke moves from TIA to IANA in top office

Transportation industry veteran Anne Reinke will become president & CEO of trade group the Intermodal Association of North America (IANA) at the end of the year, stepping into the position from her previous post leading third party logistics (3PL) trade group the Transportation Intermediaries Association (TIA), both organizations said today.

Reinke will take her new job upon the retirement of Joni Casey at the end of the year. Casey had announced in July that she would step down after 27 years at the helm of IANA.

Keep ReadingShow less
Dock strike: Shippers seek ways to minimize the damage

Dock strike: Shippers seek ways to minimize the damage

As the hours tick down toward a “seemingly imminent” strike by East Coast and Gulf Coast dockworkers, experts are warning that the impacts of that move would mushroom well-beyond the actual strike locations, causing prevalent shipping delays, container ship congestion, port congestion on West coast ports, and stranded freight.

However, a strike now seems “nearly unavoidable,” as no bargaining sessions are scheduled prior to the September 30 contract expiration between the International Longshoremen’s Association (ILA) and the U.S. Maritime Alliance (USMX) in their negotiations over wages and automation, according to the transportation law firm Scopelitis, Garvin, Light, Hanson & Feary.

Keep ReadingShow less
Wreaths Across America seeks carriers for December mission
Wreaths Across America

Wreaths Across America seeks carriers for December mission

National nonprofit Wreaths Across America (WAA) kicked off its 2024 season this week with a call for volunteers. The group, which honors U.S. military veterans through a range of civic outreach programs, is seeking trucking companies and professional drivers to help deliver wreaths to cemeteries across the country for its annual wreath-laying ceremony, December 14.

“Wreaths Across America relies on the transportation industry to move the mission. The Honor Fleet, composed of dedicated carriers, professional drivers, and other transportation partners, guarantees the delivery of millions of sponsored veterans’ wreaths to their destination each year,” Courtney George, WAA’s director of trucking and industry relations, said in a statement Tuesday. “Transportation partners benefit from driver retention and recruitment, employee engagement, positive brand exposure, and the opportunity to give back to their community’s veterans and military families.”

Keep ReadingShow less
Krish Nathan of SDI Element Logic

Krish Nathan of SDI Element Logic

In Person interview: Krish Nathan of SDI Element Logic

Krish Nathan is the Americas CEO for SDI Element Logic, a provider of turnkey automation solutions and sortation systems. Nathan joined SDI Industries in 2000 and honed his project management and engineering expertise in developing and delivering complex material handling solutions. In 2014, he was appointed CEO, and in 2022, he led the search for a strategic partner that could expand SDI’s capabilities. This culminated in the acquisition of SDI by Element Logic, with SDI becoming the Americas branch of the company.

A native of the U.K., Nathan received his bachelor’s degree in manufacturing engineering from Coventry University and has studied executive leadership at Cranfield University.

Keep ReadingShow less
Copyright ©2024.