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Limoneira (LMNR) to Report Q3 Results: Wall Street Expects Earnings GrowthWall Street expects a year-over-year increase ...
02/09/2021

Limoneira (LMNR) to Report Q3 Results: Wall Street Expects Earnings Growth

Wall Street expects a year-over-year increase in earnings on lower revenues when Limoneira (LMNR) reports results for the quarter ended July 2021. While this widely-known consensus outlook is important in gauging the company’s earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.

The stock might move higher if these key numbers top expectations in the upcoming earnings report. On the other hand, if they miss, the stock may move lower.

While management’s discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it’s worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This agribusiness company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of +80%.

Revenues are expected to be $48.76 million, down 9% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 1.45% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Price, Consensus and EPS Surprise

Earnings Whisper

Estimate revisions ahead of a company’s earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model — the Zacks Earnings ESP (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model’s predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for Limoneira?

For Limoneira, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Limoneira will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

While calculating estimates for a company’s future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it’s worth taking a look at the surprise history for gauging its influence on the upcoming number.

For the last reported quarter, it was expected that Limoneira would post earnings of $0.09 per share when it actually produced earnings of $0.10, delivering a surprise of +11.11%.

Over the last four quarters, the company has beaten consensus EPS estimates three times.

Bottom Line

An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.

That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it’s worth checking a company’s Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they’ve reported.

Limoneira doesn’t appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

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Limoneira Co (LMNR): Free Stock Analysis Report

To read this article on Zacks.com click here.

Zacks Investment Research

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Wall Street expects a year-over-year increase in earnings on lower revenues when Limoneira (LMNR) reports results for the quarter ended July 2021. While this

The Jack of the marketing tradesWe all know the familiar quote by William Shakespear that says, “Jack of all trades, mas...
02/09/2021

The Jack of the marketing trades

We all know the familiar quote by William Shakespear that says, “Jack of all trades, master of none, though oftentimes better than master of one.” This is exactly the point. A ‘jack of all marketing trades’ is sometimes better than having an individual with a single speciality.

Full stack marketing is a term that refers to the entire collection of tools and knowledge that make it possible for marketers to do their jobs. This includes both traditional and digital methods and covers both above the line and below the line techniques.

So what does someone in this profession do and what are the benefits? media update’s Maryna Steyn is here to dig a little deeper.

What does a full stack marketer do?

If you are a full stack marketer — or aiming to be one — you need to have knowledge about aspects such as:

social media

content marketing

analytics

branding

SEO

publicity

storytelling, and

mobile marketing.

Many more aspects can be added to this list, as well as many soft skills like big-picture thinking and being a team player. This person should get that it’s all about the brand as a whole, right?

But on top of the long list of proficiencies that a full stack marketer needs, some individuals can choose to specialise in a particular field.

For example, you can be knowledgeable in writing for SEO and be skilled in social media marketing, yet be a specialist in brand storytelling. This is useful because being a storyteller encompasses so much more than just writing and social media, but they are key areas of knowledge that a marketer needs in that particular area.

The different layers of the marketing stack

Remember what we said about the burger? The marketing stack can also be divided into the different ‘ingredients’ like the tomato, lettuce, cheese, patty (or vegan patty for all our vegetarian friends) and buns. Let’s take a quick look at some of the most commonly known marketing layers:

Data analysis: This function is important for reporting back on marketing results. Analysing data to understand marketing trends and knowing what future directions to take.

Business development: Think partnerships. Relationship building with other businesses is key in marketing. This may be in the form of suppliers or brands to contact or work with.

Digital design and web development: Design and web design skills are necessary to help with content creation. It also helps to have knowledge on HTML and CSS because a brand’s website is the life blood of lead generation.

Product marketing: This is what the general public thinks about when they hear the term ‘marketing’. This relates to brand positioning, messaging, pricing and product.

Writing and editing: As a marketer, you need this skill. This is because areas such as writing corporate blogs, white papers and other forms of content all form part of marketing.

Benefits of full stack marketing

One of the main reasons why brands are gravitating towards marketers with the entire stack in their arsenal is because they need flexible and adaptable tactics. What better way to achieve this goal than having an agile marketing strategy with a well rounded team.

Smaller brands can find that it’s better to have a small team of full-stack marketers who can collaborate on a variety of products, instead of having multiple specialists on the payroll. In this way, brands can contract big agencies who have a crew of specialists that can focus on specific campaigns and projects.

This means that it’s more cost effective to employ a full stack marketer and at the same time small brands can have the best of both worlds.

Do you prefer to work with a full stack marketer or individual specialists? Let us know in the comments below.

Want to stay up to date with the latest news? Subscribe to our newsletter.

Now that you know what a full stack marketer is, are you keen to find out more about How to prepare for a career in marketing? Read all about it in our article.

*Image courtesy of Canva

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Full stack marketing is a term that refers to the entire collection of tools and knowledge that make it possible for marketers to do their jobs. This includes

Texas businesses take the fight over voting rights to Washington.Demonstrators protested against a strict voting-rights ...
02/09/2021

Texas businesses take the fight over voting rights to Washington.

Demonstrators protested against a strict voting-rights bill on July 13 in Austin.Credit…Eric Gay/Associated Press

The Republican-controlled Texas Legislature this week passed a major bill overhauling election laws in the state, the latest of many to tighten voting rules this year. In Texas, as elsewhere, many businesses and industry groups have spoken out against the move, arguing that it is bad for the economy.

Texas has persuaded many companies to relocate or expand operations there with its business-friendly policies. But in taking a stand on voting rights, some companies have invited scrutiny of their words and actions, especially with political donations. Balancing this against the tightening of some of the country’s strictest voting rules will test companies’ social pledges with financial imperatives.

There is also the risk of political blowback for speaking out in a state with a Republican governor and a Republican senator embracing restrictive voting rules as a platform for potential presidential runs in 2024.

“It is about ensuring that all Texans trust the outcome of every election in Texas,” Lt. Gov. Dan Patrick, a Republican who presides over the Texas Senate, said in a statement.

In the day or so after the voting bill passed, the first reaction of Texas-based businesses that spoke out on ballot access appeared to pivot to Washington, putting pressure on Congress to pass federal voting protections.

“We hoped for a different outcome,” an American Airlines spokeswoman told the DealBook newsletter. The airline, based in Fort Worth, had sought legislation “making it easier to vote, not harder,” issuing a statement in April opposing the law. In May, the airline joined Fair Elections Texas, a nonpartisan coalition of about two dozen businesses — including Microsoft, Unilever and Levi Strauss — that called on lawmakers to expand ballot access.

A spokeswoman for Dell, which is based in Round Rock, said it would encourage employees to vote and urge political leaders to “focus on staying committed to a healthy and welcoming business climate for all Texans.” Microsoft, Patagonia and Levi Strauss also said they were disappointed with the Texas bill’s passage and called for Congress to pass voting rights legislation.

“Texans love Texas,” but they want Washington’s help, said Nathan Ryan, an Austin city commissioner and the chief executive of the consulting firm Blue Sky Partners, part of the Fair Elections Texas group. He and others are strategizing, he said, and will approach the Biden administration and congressional leaders to press for passage of two federal voting rights laws: the John Lewis Voting Rights Advancement Act and the For the People Act. (Both passed the House but have stalled in the Senate amid a Republican filibuster.)

There is “an immediate need for a national minimum standard for voter protection,” said David Clunie of the Black Economic Alliance, an organization behind a letter in April with hundreds of signatories condemning laws restricting ballot access.

New “categories of attack” are being created, like introducing criminal penalties for election administrators, said Sarah Walker of the nonpartisan group Secure Democracy, which businesses and industry groups turn to for help understanding these bills.

“The clock is ticking. The U.S. Senate must act,” said Rafael Anchia, a Texas House member and a Democrat. The Texas bill will be put in place in about 90 days, he noted, calling on “those in the seat of democracy to pass a national voting rights bill.”

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Facebook’s European headquarters in Dublin.Credit…Paulo Nunes dos Santos for The New York Times

Facebook’s WhatsApp messaging service was fined nearly $270 million by Irish authorities on Thursday for not being transparent about how it uses data collected from people on the service, in a case that represents a big test of Europe’s ability to enforce its landmark data privacy law.

The 265-page decision is the first major ruling against Facebook under the European Union’s far-reaching General Data Protection Regulation, or G.D.P.R., a three-year-old law that many have criticized for not being properly enforced. Irish regulators said WhatsApp was not clear with users about how data was shared with other Facebook properties like its main social network and Instagram.

WhatsApp said it would appeal the decision, setting up what is expected to be a lengthy legal battle.

The G.D.P.R. was heralded as the world’s most comprehensive data privacy law when it was enacted, and championed as a model for the rest of the world to counter the data-hording practices of Facebook, Google and other internet giants. But the law has resulted in few fines or penalties, and many have said it has not fulfilled its promise.

Regulators in Ireland have been at the center of the debate. Under the law, companies must be regulated by the countries where they have their European headquarters. The European offices of Facebook, Google, Twitter, Apple and scores of other companies are based in Ireland because of its low corporate tax rates and other benefits.

But that has put tremendous pressure on Ireland’s Data Protection Commission, an underfunded and much-criticized agency that has been tasked with enforcing a novel and complex data protection law against some of the largest companies in the world.

In July, lawmakers in Ireland’s Parliament issued a scathing report, saying the Irish regulator “fails to adequately protect the fundamental rights of citizens” because of its lack of enforcement.

The challenge of enforcing the G.D.P.R. is being closely watched as European Union officials debate new regulations for other areas of the technology industry, including stricter antitrust and content moderation policies. Critics contend that the G.D.P.R shows that although the European Union has drafted strong digital policies, it has struggled to enacting them well.

The fine of 225 million euros, a fraction of Facebook’s annual profit, was the largest issued by Irish regulators against a tech giant under the law; in December, Ireland fined Twitter 450,000 euros related to a data breach. The ruling said WhatsApp did not meet its “transparency obligations” to clearly disclose how data from users would be used by Facebook for its other services.

The decision requires WhatsApp to update its privacy policy and make other changes to make people more aware of how data will be used.

The WhatsApp case has generated considerable debate among European Union countries about the appropriate level of enforcement under the region’s data protection rules. Officials in other countries in the 27-nation bloc have criticized Ireland for not acting more quickly against large tech platforms.

Other countries pushed Ireland to increase its initial proposed fine, which had been set at only up to 50 million euros. That sum was raised to 225 million euros after other national regulators used a board created by the law to coordinate enforcement and adjudicate disputes to push for a larger penalty.

Max Schrems, an Austrian lawyer and privacy activist who has filed several complaints with authorities in Ireland against Facebook, welcomed Thursday’s decision but said the fine by the Data Protection Commission was still too small. The G.D.P.R. allows fines of up to 4 percent of global revenue. He said there were scores of other cases waiting to be addressed.

“This shows how the D.P.C. is still extremely dysfunctional,” said Mr. Schrems, who now runs a privacy advocacy group called Noyb.

WhatsApp, which Facebook purchased in 2014, criticized Ireland’s decision, saying it has updated its privacy policy to be more comprehensive.

“WhatsApp is committed to providing a secure and private service,” Joshua Breckman, a spokesman for WhatsApp, said in a statement. “We have worked to ensure the information we provide is transparent and comprehensive and will continue to do so. We disagree with the decision today regarding the transparency we provided to people in 2018 and the penalties are entirely disproportionate.”

Other tech companies have also been targeted under G.D.P.R., although critics say the punishments are relatively small and unlikely to result in meaningful changes in behavior.

In July, Amazon was fined nearly 750 million euros for violations related to its advertising practices by Luxembourg’s privacy regulator. In 2019, Google was fined 50 million euros by French authorities for not getting adequate permission from uses for certain online advertising.

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Twenty-five thousand linear feet of two-by-four wooden planks was salvaged from Atlanta film sets and incorporated into the Kendeda Building.Credit…Audra Melton for The New York Times

As the green building movement evolves beyond energy efficiency into new areas of sustainability, one promising effort focuses on finding new life for used building materials.

“Just in the past year or two, the conversation around deconstruction and reuse has really catapulted,” said Shawn Wood, a construction waste specialist for the City of Portland, Ore., which he believes is the first municipality in the country to adopt an ordinance requiring certain homes to be deconstructed, rather than demolished.

Deconstruction ordinances can help reduce waste, but more demand for salvaged materials is needed to really drive the market, he said. Interest is ticking up among municipal leaders and even Google as the construction industry tries to reduce its carbon footprint, reports Lisa Prevost for The New York Times.

But there are challenges to scaling up the effort for large commercial projects:

Using salvaged materials isn’t necessarily a money saver if the materials have to be refurbished and stored.

Older materials don’t necessarily adhere to new building codes and certifications.

Structures built in the 1960s or later include more composite materials that are difficult to take apart and reuse.

The obstacles are considerable, but the Kendeda Building for Innovative Sustainable Design, at the Georgia Institute of Technology in Atlanta, offers an example of what’s possible.

It was designed to meet the Living Building Challenge, which requires, among many other standards, the incorporation of salvaged materials — specifically, one salvaged item for every 500 square meters of design.

Lifecycle Building Center, an Atlanta store that sells donated materials for reuse, sourced 25,000 linear feet of two-by-fours, all salvaged from television and movie sets from Georgia’s thriving film industry. That was enough, when nailed together with the new boards, to form 125 floor panels.

“We weren’t trying to meet the minimum for salvage — we wanted to find big examples,” said Jimmy Mitchell, a sustainability engineer at Skanska USA, the construction manager for the project.

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The headquarters of Cathay Pacific Airways in Hong Kong.Credit…Jerome Favre/EPA, via Shutterstock

Cathay Pacific Airways, Hong Kong’s biggest carrier, has begun disciplinary proceedings against flight attendants and pilots who have refused to get Covid-19 vaccines, one of the first examples of an airline enforcing a vaccination mandate.

“We continue to review the future employment of those who are not vaccinated and assess whether they can continue to be employed as aircrew with Cathay Pacific,” a company spokesperson said in an email, following a policy announced in June that all air crew must be fully vaccinated by the end of August.

The carrier, which now operates all flights with fully vaccinated aircrew, employs 13,500 people in Hong Kong, according to its latest half-year report.

The spokesperson said that the vast majority of Hong Kong employees — 93 percent — had booked or received their vaccinations as of Thursday, including 99 percent of pilots and 93 percent of cabin crew.

But a number of those who remain, the company said, may risk losing their jobs. The airline said that most of the unvaccinated employees were exempt from its vaccine mandate because they had valid medical reasons or were on long-term leave.

The stringent policy — which other airlines like United Airlines, Air Canada and SWISS also adopted — is harsher than that of many other airlines, which have mostly focused on encouraging their employees to get shots. Delta Air Lines, for example, has said that workers who are not vaccinated by Nov. 1 will have to pay an additional $200 per month to remain on the airline’s health plan. More companies are considering imposing such fees on the unvaccinated, following the airline’s lead.

Apple said it was changing its policy to address an investigation in Japan.Credit…Chris Delmas/Agence France-Presse — Getty Images

Apple said on Wednesday that it was adjusting its App Store policies to allow certain kinds of applications to do business more directly with their customers.

Under the change, so-called reader apps, which include Netflix and Spotify, will be permitted to include a link within their apps to direct users to set up or manage their accounts on the individual company’s website, rather than through the App Store.

That would let those companies avoid paying the traditional 30 percent fee that Apple charges when people make payments for things like subscriptions on the App Store. Apple had long prevented companies from steering their users to their own websites, which would have deprived it of that 30 percent cut. These reader apps “provide previously purchased content or content subscriptions for digital magazines, newspapers, books, audio, music and video,” according to the company.

Apple said the change related to an agreement with the Japanese Fair Trade Commission, which had been investigating the tech giant’s App Store policies.

Phil Schiller, the Apple executive who oversees the App Store, said in a statement that the change would “help developers of reader apps make it easier for users to set up and manage their apps and services, while protecting their privacy and maintaining their trust.”

The tweak will take effect early next year. Apple has been under increasing pressure for its App Store rules.

Last week, the company announced a similar change as part of a legal settlement with app makers, and said it would create a $100 million fund for small app developers. Last year, Apple halved the fee that the smallest app developers pay through the App Store.

The company is also waiting on a judge’s decision in its antitrust legal battle against Epic Games, the creator of Fortnite, which took Apple to court in May over claims that it abused its power over the App Store. If Epic wins, companies could avoid Apple’s commissions.

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The Republican-controlled Texas Legislature this week passed a major bill overhauling election laws in the state, the latest of many to tighten voting rules

Arizona Supreme Court rejects major part of lawsuit against CVSarticlePHOENIX (AP) – An Arizona Supreme Court ruling has...
02/09/2021

Arizona Supreme Court rejects major part of lawsuit against CVS

article

PHOENIX (AP) – An Arizona Supreme Court ruling has rejected a major part of a Tucson hospital’s lawsuit accusing a pharmacy chain of negligence and seeking compensation for care provided to opioid-addicted patients.

The justices ruled Wednesday that Tucson Medical Center can’t sue CVS Health Corporation for alleged negligence through distribution of opioids.

The 2018 lawsuit said CVS was part of a conspiracy of drug manufacturers and others who promoted the use of opioids and fueled the national opioid epidemic, causing huge losses for hospitals.

The court agreed with CVS, saying that state and federal law don’t create a legal duty for pharmacies to hospitals under the facts underlying the case and that the medical center can only resort to filing liens against the addicts to try to recover costs of uncompensated care.

The justices “recognize the tremendous costs imposed by the opioid crisis on society generally, and hospitals specifically. The human costs are tragic. However, it is for Congress and the legislature, not the courts, to create methods to alleviate those costs,” Justice Clint Bolick wrote.

The case now returns to trial court for consideration of claims — not considered in the appeal decided Wednesday — alleging public nuisance and unjust enrichment.

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PHOENIX (AP) - An Arizona Supreme Court ruling has rejected a major part of a Tucson hospital’s lawsuit accusing a pharmacy chain of negligence and seeking

2021 Wake Forest Football Opponent Preview: Boston College Eagles vs. Wake Forest Demon DeaconsGame Date: Saturday, Nove...
02/09/2021

2021 Wake Forest Football Opponent Preview: Boston College Eagles vs. Wake Forest Demon Deacons

Game Date: Saturday, November 27th, 2021

Opponent: Boston College Eagles

Conference: ACC

Head Coach: Jeff Hafley (6-5, 5-5)

2020 Stats

Record: 6-5

Highest Ranking: N/A

Post-Season: N/A

Wins: , Texas State, Pittsburgh, Georgia Tech, , Louisville

Losses: #12 UNC, @ #23 Virginia Tech, @ #1 Clemson, #2 Notre Dame,

Yards per Game: 385.9

Yards Allowed per Game: 416.8

Points per Game: 27.8

Points Allowed per Game: 28.4

BC is interesting. QB Phil Jurkovec had a pretty beastly season, passing for 2,558 yards, 17 touchdowns, and 5 picks on 61% completion percentage. Those stats put him top 20 in yards and top 30 in touchdowns, and he was reliably good, averaging a QBR of 71.3. BC as a team was mercurial, barely scraping by Syracuse and Texas State, but also going toe-to-toe with Clemson, only losing by 6 in Death Valley after being up to start the 4th quarter. Of course, I think a lot of that is down to the inherent volatility of last season across the entire sports landscape, and the fact that Jeff Hafley was in his first year of head coaching anywhere means that the season was certainly good for the Eagles, but also it’s worth noting that a single season is way too small of a sample size to really get a bead on, for better or for worse. Also, as much as the offense was fairly explosive, the defense was even more porous, meaning that the Eagles had a negative net differential in both yards and points per game despite their 6-5 record. Basically, I’m neither terrified of Boston College nor am I taking the game as a given, because if they’re able to build on their successes last year, they could have one heck of a squad next season, but given the up and down nature of sports, especially with new coaches. It’s also worth noting, however, that Coach Hafley has quite the record as a recruiter, so it’s very much within the realm of possibility that this could be the beginning of something good for Boston College. Only time will tell. I will say, though, Coach Clawson has more of a track record, I’d tend to give the Deacs a little bit of the edge given how unsure I am which way this game will go when considering all the other variables.

What do y’all think? Let me know in the comments. Thanks as always for reading, and Go Deacs.

—SF

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Game Date: Saturday, November 27th, 2021

Tech start-up to ‘disrupt logistics sector’ with new platformXRegister for free to receive latest news stories direct to...
02/09/2021

Tech start-up to ‘disrupt logistics sector’ with new platform

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A new tech start-up launched by a trio of entrepreneurs including a Silicon Valley innovator is ‘set to disrupt the logistics industry’ as it puts the needs of drivers and users at the heart of the business.

DeliveryApp is a logistics platform which connects independent couriers with end users for fast deliveries through its app available on Google and Apple stores and its website.

The Manchester start-up, which launched earlier this year and has already secured investment, has formed a network of more than 700 independent couriers across the country who will collect and deliver parcels personally.

Drivers can earn a higher price per mile, take control of their own jobs without difficult to achieve targets and will be paid quickly thanks to a full automated payment system.

The trio behind DeliveryApp include Silicon Valley entrepreneur and founder of keyboard app Fleksy, Ioannis Verdelis; Lance Jones, who has a passion technical innovation and came up with the idea for DeliveryApp whilst chatting to a friend who was stuck waiting in the house for a courier; and finally Justin Blackhurst, co-founder of Manchester digital marketing consultancy DigitalNext.

Chief operations officer Ioannis Verdelis said: “Our platform lives and breathes through our drivers, if they’re not happy, we’re not happy.

“So, during our development phase we channelled just as much energy into creating an eco-system which works as well for them, as it does our end users booking deliveries.

“Faster payments, fair pricing and being in-control of their own deliveries were all important objectives for us to get right from the outset.”

The App which is in BETA phase 3.1 and went live across App stores in May has been experiencing rapid growth as the network starts to build organically.

By the end of August, DeliveryApp had signed up over 500 businesses including ransport for London and Pets at Home.

Lance Jones, founder and CEO said of the growth: “The last eight months really articulate DeliveryApp’s clear vision and the size of the opportunity the platform represents.

“In January we unlocked our potential, we generated a multi-million-pound investment in order to turbo charge development and take the concept to market.

“Since then, it’s been a process of getting the right infrastructure in-place in order to achieve this – people like Ioannis Verdelis who has a proven track record of bringing disruptive apps to market and digital expert Justin Blackhurst whose outstanding reputation in digital marketing, SEO and web development through his consultancy DigitalNext makes him the perfect fit.”

The business now employs 15 specialists in user experience, development, sales and driver operations at its new head offices based out of Bonded Warehouse in Manchester’s Enterprise City.

Justin Blackhurst, co-founder and chief digital officer said: “The logistics industry has on the whole been sluggish and a little reluctant to adopt new technologies.

“DeliveryApp brings these new intuitive consumer technologies and capitalises on the demand at people’s fingertips.

“Whether you’re an individual selling something on Facebook market place and want to provide a price for getting a bed or sofa from one side of the city to the other, or you’re a business using 50 couriers a week, DeliveryApp provides a slicker, cost effective solution.”

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A new tech start-up launched by a trio of entrepreneurs including a Silicon Valley innovator is ‘set to disrupt the logistics industry’ as it puts the needs

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