Velocity Express announces $30M service agreement with retailer

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Velocity Express Corp., a provider of time-definite delivery and logistics solutions, recently announced that it has been awarded a multiyear contract valued in excess of $30 million to service Stage Stores Inc.’s Peebles brand stores throughout the Midwest, Northeast and Southeast. Velocity will be providing a total transportation solution that will include daily store replenishment and vendor inbound transportation services to 310 Peebles stores.

“We have worked very hard over the last few years to build the infrastructure, management team and IT systems that support the increasing demands of the top retailers in the United States,” says Vincent Wasik, chief executive officer of Westport, Conn.-based Velocity Express. “Our new agreement with Stage is confirmation that the top retailers recognize the value that Velocity brings to this business segment. Stage operates one of the most efficient supply-chain networks in the United States, and we are very proud to be associated with Stage.”

Stage Stores Inc., based in Houston, brings nationally recognized brand-name apparel and accessories, cosmetics and footwear to small and midsize towns throughout the United States. From more than 715 stores, the company operates under the Bealls, Palais Royal and Stage names throughout the South Central and Southwestern states, and under the Peebles name throughout the New England, Mid-Atlantic, Southeastern and Midwestern states.

“We are very excited about our new partnership with Velocity Express,” says Gough Grubbs, senior vice president of distribution and logistics for Stage Stores. “We believe that Velocity’s extensive network across our regions, strength of their retail management team and their retail IT platform make them an excellent long-term partner.”