We use cookies to provide you with a better experience. By continuing to browse the site you are agreeing to our use of cookies in accordance with our Cookie Policy.
  • INDUSTRY PRESS ROOM
  • SUBMISSIONS
  • MEDIA FILE
  • Create Account
  • Sign In
  • Sign Out
  • My Account
Free Newsletters
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
  • MAGAZINE
    • Current Issue
    • Archives
    • Digital Edition
    • Subscribe
    • Newsletters
  • STRATEGY
  • GLOBAL
  • LOGISTICS
  • MANUFACTURING
  • PROCUREMENT
  • VIDEO
    • News & Exclusives
    • Viewer Contributed
    • CSCMP EDGE 2022 Startup Alley
    • Upload your video
  • PODCAST ETC
    • Podcast
    • White Papers
    • Webcasts
    • Events
    • Blogs
      • Reflections
      • SCQ Forum
    • Mobile Apps
Home » Pallet-trading website would bring digital platform to outdated market

Pallet-trading website would bring digital platform to outdated market

Bettaway founds PalletTrader platform as speedy alternative to manual processes, firm says.

bettaway PT Screen Shot 3.jpg
October 20, 2022
Ben Ames
No Comments

An online pallet-trading marketplace that launched today could help relieve a long-running pallet supply crisis forced by outdated, manual processes and strained by pandemic disruptions, according to its founder, the material handling and transportation provider Bettaway Supply Chain Services.

By helping shippers connect with depots, the PalletTrader site could allow thousands of pallet producers, recyclers, and distributors to streamline their business processes, South Plainfield, New Jersey-based Bettaway said in a release. In the company’s vision, its neutral online platform opens as the first collaborative e-commerce site for managing commercial pallet supply, supporting a single, efficient transaction process for sourcing, buying, and selling pallets.

In return for creating the site, Bettaway will charge subscription and transaction fees, but users will make up those costs by adopting a more efficient pallet procuring process than traditional tools like email, phone calls, or fax, Bettaway President John Vaccaro said.

“It’s much like in the trucking world where brokers and shippers use online load boards to match available trucks with freight,” Vaccaro said in a release. “We are bringing the convenience and efficiency of online commerce technology to the world of pallets. And we are providing a common set of tools and processes that can be shared by everyone to manage and optimize pallet inventory as a renewable asset, not discarded as a throw-away piece of wood.”

If successful, the new platform will tie together the networks of regional depots and distributors that have run for decades on local relationships, as opposed to the power of open online platforms like Amazon, eBay, or Etsy, Vaccaro said in an interview. “You can buy anything online, but not pallets,” Vaccaro said. “We have DAT load boards and the CASS freight index for instant reach to carriers, but for pallets there is no online system that compares to a [transportation management system].”

Vaccaro says that the business of handling the humble, $20 wooden pallet is misunderstood even within supply chain circles. Although the pallet sector is a $7 billion per year enterprise, it is usually taken for granted as a simple exchange of commodity goods, he says. But in reality, there are 40 or 50 different types of pallets spanning various custom sizes and specialized dimensions. And for every one of those types, local pallet yards offer services like selling, renting, retrieving, repairing, recycling, and storing the pallets.

 

 

Logistics Trucking Warehousing
KEYWORDS Bettaway Supply Chain Services
  • Related Articles

    Consolidated Chassis Management Introduces New Website as Company Evolves to Meet Market Demand

    Autonomous truck company Embark begins trading on Nasdaq

    JDA says Luminate platform adds visibility to supply chain planning through digital edge technologies

Ben Ames is Editor at Large and a Senior Editor at Supply Chain Quarterly?s sister publication, DC Velocity.

Recent Articles by Ben Ames

U.S. regulators approve merger of Canadian Pacific and Kansas City Southern

Port of Savannah gains national market share

Norfolk Southern releases two safety plans to prevent future derailments

You must login or register in order to post a comment.

Report Abusive Comment

Most Popular Articles

  • Survey: most Americans unaware that truckers face shortage of parking spaces

  • Postal Service plans to seize items mailed with fake stamps

  • Best practices in logistics sustainability

  • Supply chain executives not yet seeing expected results from technology investments

  • Inflation drops again as interest rate hikes hit home, NRF says

Featured Video

20221107korber large vs

Enhancing Customer Experience with Your Supply Chain Strategy

Viewer Contributed
With the rise of e-commerce, many businesses have had to transform their warehouses to handle online orders in addition to regularly scheduled inventory shipments. This means warehouses need more information than ever before to ensure they can meet customers' needs. As a result, companies need to select warehouse...

FEATURED WHITE PAPERS

  • Guide to Pallet Rack Safety

  • 3PLs: Complete Orders Faster with Flexible Automation

  • A shipper's guide to navigating post-pandemic holiday freight

  • THE NEW WAY TO WAREHOUSE: 4 Innovations in Automation & Robotics to Boost Warehouse Productivity

View More

Subscribe to Supply Chain Quarterly

Get Your Subscription
  • SUBSCRIBE
  • E-NEWSLETTERS
  • ADVERTISING
  • CUSTOMER CARE
  • CONTACT
  • ABOUT
  • STAFF
  • PRIVACY POLICY

Copyright ©2023. All Rights ReservedDesign, CMS, Hosting & Web Development :: ePublishing