Skip to content
Search AI Powered

Latest Stories

PUDO founder Coccia resigns from company

E-commerce pick-up and drop-off specialist plans to continue expansion plans design recent quarterly losses.

pudo 12.jpeg

The Canadian courier and integrated express package distribution company PUDO Inc. today said its founder, president, and chief operating officer (COO), Frank Coccia, has resigned from the company.

The Toronto-based firm gave no reason for the move, but the change comes slightly more than a year after PUDO—an acronym for “pick-up and drop-off”—announced it had named outsider Elliott Etheredge as CEO, replacing Coccia in that position.


Since that time, PUDO’s finances have taken a hit, as it reported three consecutive quarters of slumping revenues and deepening net losses, including the first, second, and third quarters of 2024.

In the most recent earnings report, Etheredge cited the cause for those losses as “the negative impact of the large customer that changed their operating model earlier this year which continues to depress our quarter-over-quarter revenue.” But he said the company plans to continue its expansion plans, including a partnership deal with the mobile e-commerce platform Wish and a strategic expansion to the U.S. market. 

Founded in 2014, PUDO partners with retailers and logistics providers to offer a last-mile pick-up and returns network for e-commerce shoppers that reduces cost, increases convenience, and provides package security for the last-mile leg of package logistics, the firm says. The company does that with a courier service that serves a network of more than 1,500 storefront partners known as PUDOpoint Counters, located at independent businesses such as convenience stores, dry cleaners, and pharmacies.

"Over the last ten years, Frank and the team have built a solid platform to solve the complex logistical problem of e-commerce logistics,” Etheredge said in a release. “I am very encouraged by the recent progress we have made by expanding our network in the U.S. and adding an additional 290 PUDOpoints in Canada through our recent partnership with a very large Canadian office supply retailer.  While Frank will be missed, the Company is well positioned to capitalize on the opportunities in front of us."
 

 

 

 

Recent

More Stories

warehouse worker pulling cart

Cleo acquires DataTrans to speed procurement automation

Business software vendor Cleo has acquired DataTrans Solutions, a cloud-based procurement automation and EDI solutions provider, saying the move enhances Cleo’s supply chain orchestration with new procurement automation capabilities.

According to Chicago-based Cleo, the acquisition comes as companies increasingly look to digitalize their procurement processes, instead of relying on inefficient and expensive manual approaches.

Keep ReadingShow less

Featured

photo collage of warehouse tech

Supply chain pros are wary of inflation and labor woes

The top worries that supply chain leaders hope to address with new innovations this year include inflationary concerns (68%) and labor shortages (50%), according to a survey on innovation from the third-party logistics provider (3PL) Kenco.

And many of them will have a budget to do it, since 51% of supply chain professionals with existing innovation budgets saw an increase earmarked for 2025, suggesting an even greater emphasis on investing in new technologies to meet rising demand, Kenco said in its “2025 Supply Chain Innovation” survey.

Keep ReadingShow less
photos of white house and a loaded containership

Supply chain groups push back on Trump tariff plan

Industry groups across the spectrum of supply chain operations today are pushing back against the Trump Administration plan to apply steep tariffs on imports from Canada, Mexico, and China, saying the additional fees are taxes that will undermine their profit margins, slow their economic investments, and raise prices for consumers.

Even as a last-minute deal today appeared to delay the tariff on Mexico, that deal is set to last only one month, and tariffs on the other two countries are still set to go into effect at midnight tonight.

Keep ReadingShow less
reagan national DCA airport photo

Reagan National airport plans to reopen today after deadly crash

All flights remained grounded this morning at Washington, D.C.’s Reagan National Airport (DCA) following the deadly mid-air crash last night between a passenger jet and an Army helicopter.

In a statement, DCA airport officials said they would open the facility again today for flights after planes were grounded for more than 12 hours. “Reagan National airport will resume flight operations at 11:00am. All airport roads and terminals are open. Some flights have been delayed or cancelled, so passengers are encouraged to check with their airline for specific flight information,” the facility said in a social media post.

Keep ReadingShow less
wind turbine making electricity

GE Vernova to invest $600 million in U.S. manufacturing sites

GE Vernova today said it plans to invest nearly $600 million in its U.S. factories and facilities over the next two years to support its energy businesses, which make equipment for generating electricity through gas power, grid, nuclear, and onshore wind.

The company was created just nine months ago as a spin-off from its parent corporation, General Electric, with a mission to meet surging global electricity demands. That move created a company with some 18,000 workers across 50 states in the U.S., with 18 U.S. manufacturing facilities and its global headquarters located in Massachusetts. GE Vernova’s technology helps produce approximately 25% of the world’s energy and is currently deployed in more than 140 countries.

Keep ReadingShow less