Acquisition expands Werner’s final mile capabilities

Werner Enterprises, Inc. Monday announced it has expanded its final mile capacity with the acquisition of NEHDS, which is based in Monroe, Connecticut,

A statement from Werner said the purchase price was $64 million, which includes a $4 million earnout.

NEHDS operates a fleet of over 400 delivery trucks primarily in the Northeast and Midwest U.S. corridors. NEHDS delivers primarily big and bulky products using two-person delivery teams performing residential and commercial deliveries through a network of 19 cross-dock, warehouse, and customer facilities.

“The addition of the NEHDS operations, management team, talented staff, and strong customer relationships to the Werner family represents a significant step forward in our Final Mile delivery program. The combination of award-winning service that NEHDS provides to its clients, along with the comprehensive portfolio of trucking capability, final mile logistics services, and technology will bring the Werner and NEHDS customer base many advantages,” said Derek Leathers, Chairman, president and chief executive officer.

Werner said NEHDS drivers, operations team, independent contractors, and facilities network strengthen its big and bulky products delivery offering by adding asset and employee-based operations with experience in complex deliveries to its already established national network of independent contractor agent locations. The NEHDS leadership team, drivers, non-driver associates, and independent contractors will remain with the business. NEHDS will be rebranded as Werner Final Mile.

“Both companies share a passion for valuing its professional drivers, associates and customers,” said Leathers. “We look forward to welcoming the NEHDS team and working together to maintain and grow the excellent relationships with current customers, independent contractors, employee drivers and office associates. We are excited at the opportunity to create additional value for new and existing customers. We remain committed to profitably growing our Logistics portfolio.”

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How to Seize Fashion’s Gaming Opportunity — Download the Case Study

One fact about the global video game market tends to surprise those unfamiliar with the business.

“The video game industry is larger than the music and film industry combined,” said David Reitman, the global gaming lead at Accenture, a strategy and technology services firm. “When you make that statement, it basically has people take a pause.”

While estimates of the value of the global gaming industry vary, market researchers generally peg direct revenue from video games at about $180 billion to $200 billion, including sales of game consoles, games and hardware like controllers, and revenue from other sources such as in-game purchases and advertising.

By comparison, the global entertainment industry, counting both theatrical and home viewing, surpassed $100 billion for the first time ever in 2019 before suffering a blow from the pandemic in 2020. The global recorded music market, meanwhile, grew to reach $21.6 billion in 2020.

The numbers offer perspective on just how big gaming has become in the roughly half-century that modern video games have existed. At this point, just watching others play games is an activity with hundreds of millions of participants, and games now vie for attention with all other forms of entertainment.

“We compete with [and lose to] Fortnite more than HBO,” Netflix admitted in its 2019 letter to shareholders.

Fashion and sportswear brands honed their use of other forms of entertainment like film, sports and music as marketing channels decades ago. It’s hard to imagine Armani’s legacy without the movie “American Gigolo,” or what Nike might have become if it had not gotten its sneakers on a rookie basketball star named Michael Jordan. Video games are a much younger medium, and it’s only recently that fashion has taken notice. The industry has lately started trying to connect with gamers, and the past year has seen those efforts accelerate.

One reason fashion players are expressing interest is that games offer a potential revenue stream from sales of digital clothing and products. But perhaps more significantly, they are a way for brands to extend themselves into the virtual spaces where people are spending a growing share of their time. They represent a relatively untapped marketing channel where creative companies can produce immersive, interactive experiences unlike anything available to them through other mediums.

At the same time, there has been a surge of interest in the idea of the metaverse, a buzzy term with origins in science fiction, generally imagined as a parallel virtual counterpart to the real world, most likely formed from a patchwork of different online platforms. Popular games such as Fortnite and Roblox have emerged as the sites where its foundations are most clearly being laid. Now Meta, the group formerly known as Facebook, is investing billions in trying to make this vision of the metaverse a reality. Fashion companies, many of which were slow to embrace e-commerce and have spent years building up their digital presences, are resolved not to be late carving their place in this future.

This case study examines some of the most significant recent efforts by fashion and beauty companies to reach gamers, and unpicks their strategies to examine the opportunities and obstacles in engaging with gaming for marketing:

• Vans launched an ongoing project inside Roblox centred on skateboarding.
• Balenciaga brought its brand DNA into the world of Fortnite.
• LVMH-owned Benefit Cosmetics took a slightly different approach, establishing a presence on Twitch, a popular platform for video-game livestreaming.

The companies spoke to BoF about what their aims were, what it took to bring the projects to fruition and what they have learned about video games and gamers.

Created exclusively for BoF Professional members, case studies explore the important challenges facing the industry today. Discover more case studies and reports from The Business of Fashion here.

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Soaring Resale Demand for Off-White Product Puts Platforms in a Bind

The sad news of Virgil Abloh’s death on Sunday sent demand for his label Off-White soaring, with resellers reporting a spike in sales of the streetwear brand known for its signature crossed-arrow graphic and use of quotation marks. But the surge creates a dilemma for resale platforms, which could be seen to be enabling profiteering from the death of a much-loved industry figure.

San Francisco-based The RealReal saw sales of Off-White increase 18 times on Sunday compared with Saturday, while searches increased 893 percent. Shoppers were buying graphic tees, logo sweatshirts and low top sneakers, the platform said. Searches for “Virgil Louis Vuitton,” where Abloh served as mens artistic director, were up 344 percent.

On StockX, one of the biggest sneaker resale marketplaces, “Off-White” was the most searched term on Sunday, according to the company, while sales volumes and prices of sneakers from Abloh’s white-hot collaboration with Nike and Jordan spiked. The average resale price of the Off-White Jordan 1 Chicago, one of the most sought-after shoes from The Ten, Abloh’s 2017 project with Nike to reinterpret 10 of its well-known styles, surged to more than $7,000 on the site, according to the publicly available sales data StockX posts on listing pages. On Nov. 29, a pair in size 10.5 sold for $11,607.

Because StockX sells only unworn merchandise, supply for these sorts of sneakers can be extremely limited, driving prices up. Other Nike collaborations with Abloh, including various Jordan models and other styles from The Ten, such as the Presto and Air Max 90, recorded more modest increases but have also seen prices and sales volumes rise.

But the sales surges pose a difficult problem for platforms that operate marketplace models. While they don’t want to be seen to be benefitting from a tragedy, or enabling profiteering among sellers, their business models are based on supply and demand. At StockX, buyers and sellers determine the price of goods — when demand for an item increases, so does its price. Platforms have dealt with this exact issue in the past, most recently with the death of NBA superstar Kobe Bryant in January 2020.

StockX said it will make a donation to the VIRGIL ABLOH “POST-MODERN” SCHOLARSHIP FUND “in recognition of the designer’s legacy.”

Abloh popularised streetwear at the highest echelons of the fashion industry with the launch of Off-White in 2014 with the help of Milanese company New Guards Group, which operates the brand through a licensing agreement that will last until at least 2026. Earlier this year, luxury conglomerate LVMH acquired a 60 percent stake in Off-White LLC, the owner of the Off-White trademark, with Abloh retaining the remaining 40 percent stake.

He died of a rare form of cancer on Nov. 28, aged 41. The news was announced on the designer’s Instagram account.

Related Articles

Virgil Abloh, Fashion Trailblazer for a New Generation, Has Died

Virgil Abloh: ‘I Am Not a Designer’

LVMH’s Landmark Virgil Abloh Alliance, Explained

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Kraken Daily Market Report for November 29 2021 – Kraken Blog

Overview

---

• Total spot trading volume at $1.29 billion, the 30-day average is $1.48 billion.
• Total futures notional at $337.1 million.
• The top traded coins were, respectively, Bitcoin (+0.9%), Tether (0%), Ethereum (+3.5%), Polkadot (+3.7%), and USDC (0%).
• The hottest coin for the month has been The Sandbox (up over 600%), which today had the largest losses (-7.2%).

---

November 29, 2021   $1.29B traded across all markets today  Crypto, EUR, USD, JPY, CAD, GBP, CHF, AUD
BTC  $57830.  ↑0.9%  $377.6M	USDT  $1.001  ↑0.03%  $288.0M	ETH  $4448.0  ↑3.5%  $210.1M	DOT  $37.143  ↑3.7%  $64.2M	USDC  $1.0  ↑0.0%  $56.2M
MANA  $4.8922  ↓5.0%  $44.0M	SOL  $204.16  ↑1.6%  $38.4M	ADA  $1.6038  ↑0.5%  $26.7M	SAND  $6.9757  ↓7.2%  $24.8M	XRP  $0.9910  ↑2.2%  $21.6M
LTC  $205.86  ↑3.1%  $17.8M	DOGE  $0.2151  ↑3.6%  $17.5M	ALGO  $1.7736  ↑3.4%  $13.9M	XTZ  $5.6156  ↑21%  $13.5M	MATIC  $1.8194  ↑9.9%  $11.5M
ZEC  $246.52  ↑2.1%  $11.0M	FLOW  $12.804  ↑4.0%  $10.5M	KEEP  $0.8464  ↑3.9%  $7.99M	SC  $0.0258  ↑4.9%  $7.7M	LINK  $25.018  ↑0.9%  $7.2M
STORJ  $2.9527  ↑5.4%  $7.02M	ENJ  $3.6433  ↓5.3%  $6.42M	LRC  $2.8677  ↓3.0%  $5.2M	BAT  $1.6200  ↓2.1%  $5.07M	XMR  $235.91  ↓1.4%  $4.65M
ATOM  $28.030  ↑2.1%  $4.63M	KSM  $367.66  ↑5.0%  $4.37M	CRV  $4.7006  ↓3.9%  $4.33M	MINA  $4.82  ↑0.4%  $4.29M	BCH  $576.44  ↑1.3%  $3.7M
OMG  $8.8065  ↑8.6%  $3.53M	UNI  $20.327  ↑0.9%  $3.31M	XLM  $0.3285  ↑1.5%  $3.17M	SUSHI  $7.47  ↓4.5%  $2.84M	GRT  $0.9670  ↓4.1%  $2.77M
AAVE  $249.82  ↑4.6%  $2.48M	MOVR  $320.80  ↑2.5%  $2.32M	OXT  $0.5151  ↑2.3%  $2.3M	OCEAN  $1.0541  ↓2.8%  $2.07M	DAI  $1.0004  ↑0.01%  $2.02M
TRX  $0.0966  ↑1.3%  $1.98M	FIL  $54.676  ↓3.3%  $1.98M	RARI  $23.54  ↑8.4%  $1.94M	WAVES  $21.335  ↑4.4%  $1.58M	SDN  $2.627  ↑27%  $1.57M
AXS  $134.41  ↑1.0%  $1.5M	CHZ  $0.4603  ↑4.6%  $1.35M	KAVA  $4.9997  ↑1.1%  $1.34M	DYDX  $12.58  ↓0.3%  $1.25M	MLN  $109.40  ↑5.4%  $1.2M
EOS  $4.0128  ↑1.0%  $1.2M	NANO  $5.0213  ↑3.6%  $1.2M	DASH  $182.15  ↑1.6%  $991K	LPT  $55.21  ↓5.0%  $948K	ETC  $48.482  ↑1.9%  $945K
ICX  $1.7815  ↑1.5%  $912K	CTSI  $1.0271  ↑3.8%  $821K	EWT  $10.068  ↑4.7%  $729K	QTUM  $15.603  ↑2.9%  $720K	ANKR  $0.1597  ↓0.8%  $719K
KNC  $2.0574  ↑0.7%  $637K	COMP  $289.78  ↑0.4%  $621K	ANT  $5.9944  ↑0.9%  $614K	YFI  $30175.  ↓0.19%  $588K	LSK  $3.5369  ↓1.2%  $567K
REN  $0.9  ↓2.6%  $526K	SRM  $5.569  ↑7.1%  $507K	PAXG  $1789.2  ↓0.4%  $491K	SNX  $7.881  ↑2.5%  $445K	INJ  $12.332  ↑1.7%  $403K
CQT  $1.102  ↑3.0%  $385K	BNT  $4.0939  ↑2.6%  $384K	BNC  $3.27  ↓4.7%  $327K	BADGER  $26.378  ↑1.1%  $276K	GNO  $426.62  ↑4.7%  $272K
ZRX  $1.199  ↑2.3%  $234K	PERP  $12.948  ↑1.7%  $217K	BAL  $21.1  ↑1.6%  $208K	MIR  $2.677  ↑1.4%  $197K	OGN  $1.0277  ↓0.7%  $189K
1INCH  $3.773  ↑3.0%  $180K	KAR  $5.715  ↓1.8%  $156K	GHST  $2.8741  ↑0.8%  $154K	RAY  $10.695  ↑7.0%  $140K	PHA  $0.6579  ↓2.5%  $123K
BAND  $7.8779  ↓2.6%  $115K	MKR  $3099.0  ↑0.3%  $109K	WBTC  $57866.  ↑0.21%  $101K	REP  $22.283  ↑3.2%  $68.8K	REPV2  $22.21  ↑3.8%  $33.5K
TBTC  $57478.  ↓1.0%  $18.2K	OXY  $1.93  ↑0.21%  $13.6K

The post Kraken Daily Market Report for November 29 2021 appeared first on Kraken Blog.

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Gold, silver price today, November 30: Gold remains constant, change in silver price; check out rates

New Delhi, First Published Nov 30, 2021, 10:01 AM IST

The price of 10 grams of 24-carat gold remained constant at Rs 48,310 from the previous day’s market price. On Tuesday, the price of 10 grams of 22-carat gold was Rs 47,310. The price of silver declined by Rs 1,100 per kilogramme to Rs 61,600.

The price of 24-carat gold in Delhi is Rs 51,370, whereas in Mumbai it costs Rs 48,310. In Delhi and Mumbai, 10 grams of 22-carat gold on Monday cost Rs 47,310 and Rs 47,090, respectively.

In Chennai, 24-carat gold costs Rs 49,500, while 22-carat gold costs Rs 45,370. In Kolkata, 24-carat gold costs Rs 49,890, while 22-carat gold costs Rs 47,190. In Bengaluru, the going rate for 24-carat gold is Rs 49,030 per 10 grams while 22-carat gold is worth Rs 44,940.

Meanwhile, the price of 1 kg of silver stands decreased by Rs 1,100 per kg and now stands at Rs 62,200. In Chennai, 1 kg of silver is trading at Rs 67,200. In Kolkata and Bengaluru, 1 kg of silver is selling at Rs 61,600 on Tuesday.

The price of gold varies across the nation due to excise duty, state taxes, and making charges.

Here are the rates of 24-carat gold and silver in cities across the country:

Chennai:

Gold: Rs 49,500 per 10 grams

Silver: Rs 67,800 per kilogram

Mumbai:

Gold: Rs 48,310 per 10 grams

Silver: Rs 61,600 per kilogram

Delhi:

Gold: Rs 51,370 per 10 grams

Silver: Rs 61,600 per kilogram

Bengaluru:

Gold: Rs 49,030 per 10 grams

Silver: Rs 61,600 per kilogram

Kolkata:

Gold: Rs 49,890 per 10 grams

Silver: Rs 61,600 per kilogram

Hyderabad:

Gold: Rs 49,030 per 10 grams

Silver: Rs 67,800 per kilogram

Kerala:

Gold: Rs 49,030 per 10 grams

Silver: Rs 67,800 per kilogram

Last Updated Nov 30, 2021, 10:01 AM IST

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Bitcoin, One Simple Reason BTC Will Go Higher! [Crypto News 2021]

Bitcoin, One Simple Reason BTC Will Go Higher! [Crypto News 2021]



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Petrol, diesel price today, November 30: Fuel rates remains constant, check latest prices here

New Delhi, First Published Nov 30, 2021, 10:30 AM IST

Petrol and diesel prices remained unchanged for the 28th consecutive day on Tuesday, November 30 since the Centre cut excise duty on petrol by Rs 5 per litre and on diesel by Rs 10 a litre to bring down record-high retail fuel prices. Following the Centre’s decision, several state and union territory (UT) governments, including opposition-ruled Punjab, Rajasthan and Chhattisgarh, had further reduced prices by cutting taxes.

The price of petrol in Delhi stands at Rs 103.97 per litre while diesel is at Rs 86.67 per litre. Similarly, the prices of diesel and petrol in Mumbai are Rs 94.14 and Rs 109.98 respectively. This is the highest among the metropolitan cities.

In Kolkata, the price of petrol is presently Rs 104.67 per litre, while diesel is Rs 89.79 per litre. A litre of petrol was sold in Chennai for the same price of Rs 101.40. The price of diesel remained unchanged at Rs 91.43 a litre.

Also read: Gold, silver price today, November 30: Gold remains constant, change in silver price; check out rates

It may be noted that among all the four metro cities, petrol is the cheapest in Chennai and diesel is the least expensive in the national capital, Delhi.

In India’s IT capital Bengaluru, a litre of petrol is priced at Rs 100.65 and diesel costs Rs 85.08 per litre. Meanwhile, in Hyderabad, petrol costs Rs 108.20 per litre and diesel costs Rs 94.62 per litre. In Chandigarh, people have to pay Rs 100.12 per litre for petrol and Rs 86.46 per litre for diesel.

Despite the reduction in prices, petrol rates are still above the Rs 100 per litre mark across the four metros and several cities in the country. Among the metro cities, fuel rates are the highest in Mumbai.

State-run oil refiners such as Indian Oil, Bharat Petroleum, and Hindustan Petroleum revise the fuel rates on a daily basis, by taking into account the crude oil prices in the international markets, and the rupee-dollar exchange rates. Any changes in petrol and diesel prices are implemented with effect from 6 am every day.

Last Updated Nov 30, 2021, 10:30 AM IST

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