Last-Mile Delivery Platform Acquired by Private Equity Firm

SRT Group, parent company of Stuart, was acquired by Mutares from Geopost.

December 7, 2023

I Qoncept Stock adobe com

iQoncept - stock.adobe.com

SRT Group, parent company of Stuart, was acquired by Mutares from Geopost.

“We’re thrilled to start this new chapter with Mutares, driving the future of urban delivery,” says Cornelia Raportaru, CEO of Stuart. “As leaders in tech-enabled logistics, Stuart and Mutares share an ambition to pragmatically grow our business while remaining committed to serving customers and reducing environmental impact. We look forward to pioneering ever-more innovative delivery solutions.”

Key takeaways:

Founded in 2015, Stuart has experienced rapid growth in on-demand food and grocery delivery. Generating over EUR 400 million in revenues in 2022, Stuart’s scalable model has been replicated in over 100 cities across Europe to meet rising consumer demand.
Mutares’ expertise presents a pivotal opportunity to further accelerate Stuart’s sustainable delivery offering across sectors by diversifying revenue streams and streamlining its offerings for its customers.
Mutares brings extensive experience strengthening market-leading platforms across industries.

Baltimore Bridge Christine Adobe Stock 769092028

How Baltimore Bridge Collapse Continues to Impact Shipments

Baltimore is running out of freight to pick up due to the lack of inbound shipments, so the containers at port have been sitting for a while.

Women In Supply Chain Vertical Color

Nominations Close June 7 for 2024 Women in Supply Chain Award

This award recognizes female supply chain leaders and executives whose accomplishments set a foundation for women in all levels of a company’s supply chain network. Submissions close June 7!

Adobe Stock 207220202

SCN Summit: State of the Supply Chain

June 4, 2024

Register now to hear from experts about the State of Today’s Supply Chains through topics revolve around Warehouse Automation, Generative AI, Automation, Electrification, Company Culture and more.

Truck carries cargo with digital connections for global management.

Streamlining Transportation Management Strategies

As businesses continue to prioritize streamlined logistics, the strategies and subsequent actions taken will undoubtedly play a pivotal role in shaping the future of transportation management.

I Qoncept Adobe Stock 261895566

Relying on 3PLs in a Flat Market

A reputable 3PL becomes the guiding light for shippers in flat market conditions, offering a comprehensive suite of services designed to prioritize reliability and service quality and mitigate the driver shortage.

Scharfsinn86 Adobe Stock 420080513

The Role of Medium-Duty EV Trucks During Peak Seasons

All last-mile food deliveries should be made with electric vehicles (EVs) sooner rather than later. So, the big question is, why aren’t we there yet?

Odua Images Stock adobe com

Which Software is Best for Food Delivery Businesses in 2024?

By addressing operational efficiency, enhancing customer happiness and providing scalability, businesses can overcome obstacles and carve their niche in the flourishing food delivery industry of 2024.

Drone Up Drone

Industry’s First Autonomous Ecosystem Represents Future of Last-Mile Delivery

DroneUp unveiled its new Ecosystem, which comprises new technology designed to make drone delivery both scalable and economically feasible.

Db Schenker Björn Wylezich Adobe Stock 374507325 Editorial Use Only

Onboard Courier Service for Time-Sensitive Shipments

DB Schenker introduced an exclusive onboard courier service, which provides a swift and reliable express air transport to and from any geography in the world.

The Future Outlook of Last-Mile in Grocery

The Future Outlook of Last-Mile in Grocery

Today, optimization technology, delivery options and software are growing and holding firm as pivotal pieces in the last-mile of grocery. Find out what types of technology are on the rise for last-mile delivery in grocery.

I Qoncept Adobe Stock 261895566

Cold Chain Boxing Service for Influencer Brands

Cold Chain 3PL handles everything from curating bespoke influencer kits to managing shipping logistics.

Kamonrat Stock adobe com

Navigating the Food Distribution Landscape

Here are the challenges and opportunities that characterize food distribution and practical strategies to help businesses effectively address evolving consumer demands.

David Adobe Stock 360101757

Real-Time Shipment Visibility Emerges as Key Component of Digital Transformation

In 2023, only 25% of respondents were utilizing IoT devices for real-time shipment tracking, but that more than doubled in 2024, with 53% currently using these solutions, according to a Tive study.

Tricky Shark Adobe Stock 310690884

The Roadmap to Adopting Gig Work Begins with Technology

Rather than depend solely on a gig workforce to improve numbers during busy times, existing technologies can accommodate shortages by enhancing planning and forecasting staffing needs.

Analytics and networks connect last mile transportation.

Why AI and Accuracy Are a Requirement for Optimizing the Last Mile

Years of innovation to revolutionize the last mile has answered the call to improve costs and drive efficiency, culminating in the latest advances in AI that synthesize analytics and tracking to transform the future of 3PL operations.

Odua Images Stock adobe com

GrazeCart Acquisition Expands D2C E-Commerce Technology for Farm-to-Fork Suppliers

POS Nation acquired GrazeCart, an e-commerce technology solution built specifically for farmers.

The Food Logistics and Supply & Demand Chain Executive team.

Manifest 2024: Automation, Robotics and Puppies, Oh My

The week of Feb. 5 in Las Vegas was ripe with lights, bells and tons of buzz, but it wasn't just because Super Bowl LVIII was to take place that weekend. It was because of Manifest 2024.

Doubletree Studio Adobe Stock 225586230

TMS Empowers Brokers to Conquer Supply Chain Chaos

MVMNT debuted its brokerage-first transportation management system, designed to address intricate shipper challenges.

5m3photos Adobe Stock 179735764

January Cold Snap Leads to Spot Market Surge

A weather-related bump in demand for truckload capacity pushed spot freight volumes to all-time highs for January, reported DAT Freight & Analytics.

Image (1)

Manifesting a Bigger, Bolder Space for Supply Chain

The 2024 Manifest Las Vegas event proved again to be a space where big ideas prosper in big ways.

Top 3 Pl & Cold Storage Providers Resized

Nominations Open for 2024 Top 3PL & Cold Storage Providers Award

3PLs and cold storage providers remain a key puzzle piece to building and nurturing partnerships, cultivating resilience and helping companies in the cold food space overcome supply chain disruptions. Submissions close March 22.

Sky Line Adobe Stock 336708423

How to Make Shipping to Grocery Warehouses and Distribution Centers a Success

By focusing on swift handling, temperature preservation, and efficient inventory turnover, businesses can enhance the overall effectiveness of their supply chain operations in the grocery industry.

Ch Transportation Photo Granary Adobe Stock 462386157 Editorial Use Only

C.H. Robinson Develops Touchless Appointment Technology

C.H. Robinson developed new technology that removes the work of scheduling an appointment at the place a load needs to be picked up and scheduling another appointment where the load needs to be delivered.

Motortion Adobe Stock 230896892

How to Start a Successful Delivery Business in 2024

There couldn't be a better time to venture into the delivery business and capitalize on the many last-mile opportunities available to food delivery.

Ryder Truck Fork Lift

Ryder Acquires Cardinal Logistics

Ryder System, Inc. acquired Cardinal Logistics, enabling growth and further strengthening Ryder’s position as a customized dedicated contract carrier in North America.

Kodiak X Ryder 2

Ryder, Kodiak Open Truckport for Autonomous Trucks

Ryder System, Inc. and Kodiak Robotics, Inc. established their first truckport, which enables Kodiak to launch and land autonomous trucks as well as transfer freight.

I Qoncept Stock adobe com

8 Ways Delivery Tracking Software Enhances Last-Mile Delivery Operations

By investing in delivery tracking software, companies not only optimize their operations but also position themselves as leaders in the fast-paced world of last-mile delivery.