Subscribe to our free, weekly email newsletter!


EquaShip temporarily suspends operations

By Staff
February 24, 2012

Earlier this month, Seattle-based EquaShip said it is temporarily suspending customer operations in order to re-engineer its transportation network for faster package delivery times, larger geographic coverage, and more service options.

The company, which launched in October, positioned itself as the new “fourth parcel carrier” and was primarily geared towards e-commerce sellers and small shippers. At the time of its launch EquaShip CEO Ron Wiener told LM that makes it stand out in a parcel duopoly spearheaded by industry bellwethers FedEx and UPS along with the United States Postal Serviceis the ability to offer small shippers price breaks that have historically only been available to large enterprise shippers.

“Our customers clearly loved that fact that our prices beat FedEx and UPS by up to 80 percent, our real insurance coverage bundled with every parcel, and our outstanding customer service,” Wiener said in a statement. “However, in today’s ecommerce environment it’s not good enough for small and medium-sized merchants to offer Free Shipping. Shipping also has to be fast enough to compete with larger competitors like Amazon who ship from multiple distribution centers. What we heard loud and clear from our customers was that they needed faster transit times than we could deliver through our existing network of transportation partners.”

And instead of limiting its market to shippers that could withstand slower transit times, Wiener said that the company elected to suspend operations now and switch out its transportation network providers before re-entering the market. When EquaShip does return, company officials said that it plans to expand service offerings with new options for same-day, expedited and international services, in addition to its keystone postal consolidation ground service.

EquaShip’s transportation partner over the past few months was Blue Package Delivery, a non-asset based parcel consolidator and carrier who contracts its deliveries through contracts with various regional carriers and delivers shipments and packages of all weights up to 70 pounds.

Subscribe to Logistics Management magazine

Subscribe today. It's FREE!
Get timely insider information that you can use to better manage your
entire logistics operation.
Start your FREE subscription today!

Recent Entries

Shippers and other ocean cargo carrier stakeholders should be cheering the announcement made today by The U.S. Coast Guard, as it formally notified the International Maritime Organization through a Declaration of Equivalency that the United States position on SOLAS is that there are multiple methods to submit the combined cargo and container weight (Verified Gross Mass or VGM).

The proposed $4.8 billion acquisition of TNT Express N.V. by FedEx took a major step closer to becoming official today, with the company and TNT announcing today that they have received unconditional approval of the offer from the Ministry of Commerce People’s Republic of China (MOCFCOM).

March shipments at 798,180 trailed February by 12 percent and were down 19 percent annually. For the entire first quarter, shipments were relatively flat annually, rising 0.27 percent to 2,587,988.

OCEMA says it has placed a priority on working with other stakeholders to find operational solutions that will help U.S. exporters, carriers, and marine terminals prepare for the implementation of the SOLAS Verified Gross Mass (VGM) rule.

The first quarter is typically the slowest period of freight demand for LTL carriers. With a few notable exceptions, that was reflected in first quarter earnings reports of the major publicly held LTL carriers.

Article Topics

News · Parcel · Parcel Shipping · All topics

Comments

Post a comment
Commenting is not available in this channel entry.


© Copyright 2016 Peerless Media LLC, a division of EH Publishing, Inc • 111 Speen Street, Ste 200, Framingham, MA 01701 USA