48forty Solutions Secures Additional Funding, Consolidation Trend Continues - Mar 29, 2022
The company has obtained additional equity investments by Summit Partners in addition to the funding provided by Audax Private Equity that purchased the business in December 2020. Summit joins Audax as an equal partner in the business, with 48forty’s management team retaining meaningful ownership.; CHEP Releases Upgrades to Its Asset Recovery Program: Starting on March 6th, CHEP has raised its standard fees from $2.24 to $2.84 plus a fuel surcharge for stray pallets returned to a CHEP service center. The rental company has increased its basic recovery fee from $1.15 to $1.75 per pallet loaded onto a CHEP collection truck.; Pallet Rental Pooler Peco Discusses Return Delay Problem: As pallets are held longer, there are fewer ‘turns’ or reissues per year. Consequently, the available pool of pallets shrinks, impacting how much pallet inventory is in the network for all users.; U.S. Diesel Prices Shoot Up: Retail gasoline and diesel fuel prices have never increased at a rate that fast over a three-week period in the history of data coming from the U.S. Energy & Information Agency (EIA).
Tags:
|
