Skip to content
Search AI Powered
Please enter at least 3 characters.

Latest Stories

PalletTrader Surpasses One Million Pallet Transactions, Expands Offering Launch of PalletTrader+

Online collaboration platform reaches one million transaction milestone in less than eight months of operation. PalletTrader+ launched as new “managed service” to complement, expand capabilities of original “do it yourself” ecommerce site

PalletTrader Surpasses One Million Pallet Transactions, Expands Offering Launch of PalletTrader+

SOUTH PLAINFIELD, NJ – JUNE 21, 2023 – PalletTrader, which launched last October as a new online platform designed and built exclusively for the sourcing, buying and selling of pallets, has expanded its product offering with the launch of PalletTrader+. The launch coincides with the platform this month surpassing one million pallet transactions in its first eight months of operation.

PalletTrader+ is a “managed service” offering, combining an industry-standard online collaboration platform and digital transaction processing, with dedicated resources and expertise to manage pallet sourcing, acquisition and supply on behalf of a business.


The offering responds to demand from enterprise customers who typically are operating more complex supply chains with multiple manufacturing and distribution sites needing consistent pallet supply, and want a more comprehensive “outsourced” solution, noted John Vaccaro, president of Bettaway Supply Chain Services, which built and operates PalletTrader as an independent, neutral ecommerce site.

“This is the natural evolution of a marketplace,” explained Vaccaro. “PalletTrader+ is for those large enterprises who want to take advantage of dynamic market procurement opportunities but don’t want to staff or manage it,” he explained. “They want a hybrid model where they have control but engage with a dedicated expert specialist to operate and execute the function for them at arm’s length.”

Vaccaro noted that PalletTrader+ is following a familiar logistics outsourcing playbook. “It’s the same concept as a business hiring a third-party logistics provider to source and manage their freight trucking needs or operate a warehouse on their behalf.” Typically, a managed services client would provide a daily, weekly or monthly forecast of pallet needs. The PalletTrader+ team would then do the blocking and tackling to execute that plan, coordinating and communicating regularly with the client to manage and address changing needs.

Vaccaro noted that the platform was initially built and launched as a comprehensive self-service tool, enabling the hundreds of mom-and-pop pallet depot operators, typically sellers of pallets, to digitally engage with a wide range of buyers and gain access to new buyers. This market segment had little to no access to ecommerce technology to streamline the buying and selling of pallets. At the same time, he anticipated that as the platform gained traction, a market would emerge among larger customers for a next-level service.

“Reaching one million pallet transactions in less than eight months, and successfully onboarding hundreds of pallet buyers and sellers during that time, far exceeded our expectations,” Vaccaro said. “As we got more feedback from users, it was clear that larger businesses were interested in a more robust offering, providing a planning and execution component that they could launch quickly, and leverage value from both enabling technology, and skilled personnel with deep market expertise. That’s what we’re providing with PalletTrader+.”

The other key “ask” that Vaccaro and his team received from corporate users, was for larger enterprises to have a credit option. In the current “do it yourself” model, buyers and sellers post, bid, negotiate, settle a sale and execute payment immediately as a single transaction.

With PalletTrader+, qualified corporate users gain access to a line of credit. Under this program, the platform captures and consolidates all pallet transaction activity. The system then sends a consolidated invoice capturing all activity during the designated period.

“This offering is good for any company that operates or is responsible for pallets at multiple locations and is especially ideal for those businesses that operate in both a company owned and outsourced warehouse co-pack network,” Vaccaro concluded.

Bettaway funded, built and is operating PalletTrader as an independent, neutral online business platform, enabling and streamlining the digital trading and sale of pallets in a collaborative, secure eCommerce environment, providing its user community with workflows and tools to drive new efficiencies into pallet supply and management.

For more information about PalletTrader and PalletTrader+, please visit us at www.pallettrader.com, phone us at (877) 777-7495 or email to support@pallettrader.com.

About Bettaway Supply Chain Services and PalletTrader South Plainfield, NJ-based Bettaway is an integrated material handling, transportation, and supply chain management company. Bettaway is an industry leader in pallet management solutions, delivering a managed service program built on an active network of some 550 facilities, and an active supplier database of 1,200, providing a centralized suite of pallet services. The company also provides quality transportation with its own dedicated fleets on both the east and west coasts, and national 3PL network. Value-added services include a full-scope warehouse operation with a variety-pack line, e-commerce fulfillment and distribution management for beverage and other CPG products, as well as supply chain consulting services. Bettaway also is the founder and operator of PalletTrader, the supply chain industry’s first collaborative eCommerce marketplace for online posting, buying, selling and delivery of white wood pallets. Visit us at www.bettaway.com.

https://www.pallettrader.com

The Latest

More Stories

Companies double down on resilience as trade complexities rise

Companies double down on resilience as trade complexities rise

Most retail, wholesale, and manufacturing businesses are focused on fundamentally restructuring their supply chains to stay ahead of economic uncertainty. That’s according to results of the second annual State of Supply Chain report from supply chain solutions platform provider Relex Solutions, released Tuesday.

Relex surveyed nearly 600 professionals from retail, consumer packaged goods (CPG), and wholesale businesses across seven countries and found that 60% said they are overhauling their supply chains due to tariff uncertainty and market volatility.

Keep ReadingShow less

Featured

Raising the bar on inventory visibility

Raising the bar on inventory visibility

Ask 10 warehousing experts about the optimal level of inventory visibility, and you'll get a dozen different responses.

Sure, most would agree on the importance of accurate inventory counts—knowing exactly how many items are in every carton, crate, and pallet stored in the facility. But depending on what type of goods the warehouse handles, opinions will vary widely on how much accuracy is good enough and what's the best technique for counting.

Keep ReadingShow less

15 candles

When a 7.0-magnitude earthquake struck Port-au-Prince, Haiti, in 2010, a fledgling humanitarian group knew its day had come—after months of planning, it would finally be able to take its model live and see how well it worked. Formed a year earlier to support humanitarian relief efforts, that group, Airlink, had established a network of airline partners it could call on to provide free or discounted airlift in times of crisis. As it turned out, the model held up in testing. In the weeks following the earthquake, Airlink successfully coordinated the movement of more than 2,000 doctors and nurses and more than 40 shipments of aid totaling more than 500,000 pounds into the disaster zone.

Fifteen years later, the group is still carrying out that mission—but on a much larger scale. Airlink's network today includes over 200 aid organizations and over 50 commercial and charter airlines. Since its inception, the group has flown 13,500 relief workers and transported 18 million pounds of humanitarian cargo, directly helping 60 million people impacted by natural and man-made disasters.

Keep ReadingShow less

How risky is your route?

When planning routes for their delivery trucks, fleet managers—or more likely, their route planning software systems—consider factors like mileage, road height and weight restrictions, traffic conditions, and weather. They can now add another variable to the mix, thanks to a new tool that calculates the chances that a load might be stolen along the way.

Developed by New Jersey-based risk assessment firm Verisk Analytics, CargoNet RouteScore API generates a cargo theft "risk score" that provides a relative measure of probability that crime and loss will occur along any given route in the U.S. and Canada. Using a proprietary algorithm, the tool rates routes on a scale from 1 to 100—with 1 representing the lowest likelihood of theft—based on risk factors such as cargo type, value, length of haul, origin, destination, day of the week, and the theft history of specific truck stops.

Keep ReadingShow less

The rise of designer diesel

Drivers typically choose a specific blend of gasoline based on their car's engine, picking high-octane fuel for a sports car and regular gas for the family sedan. Now a company has launched a similar range of products for diesel fuel, saying the offerings are calibrated for vehicles like commercial trucks.

That company, Nevada-based Advanced Refining Concepts LLC (ARC), will launch two new products, GDiesel Lightning and GDiesel Thunder, by mid-year, the company said in January. According to the firm, GDiesel Lightning is a lighter, faster-igniting diesel fuel than the classic mix and is designed specifically for urban start-stop operations—think delivery vehicles, light trucks, city buses, and passenger vehicles. GDiesel Thunder is a heavier, higher energy-content fuel made for steadier and more continuous engine operating modes, making it suitable for long-haul trucking or rail and marine applications.

Keep ReadingShow less