Afternoon Coffee: GT Nexus/TradeCard Link Up, TriplePoint Buys WAM Systems, Fuel Prices

The Daily Startup: GT Nexus, TradeCard Link Up in Global Supply-Chain Merger -- Oakland, Calif.-based GT Nexus and New York-based TradeCard have agreed to merge, VentureWire has learned, creating a global supply-chain management company that would employ about 1,000 people and serve about 20,000 businesses in industries ranging from manufacturing to retail to pharmaceuticals, assuming that regulators approve the deal. Both companies are venture-backed and share an investor–Warburg Pincus. Terms of the proposed merger are not disclosed and the new company, which would be based in Oakland, is not yet named.

Triple Point Technology buys WAM supply chain software firm -- Triple Point Technology said Thursday it has bought WAM Systems for an undisclosed sum. Triple Point is a Westport, Conn.-based provider of commodity management software. WAM Systems is a Plymouth Meeting, Pa., provider of supply-chain planning and optimization software and services for process manufacturers.

"Agree on how much volatility in fuel prices you can afford."
2012 'most expensive year ever' -- 2012 will be ranked as the most expensive year ever for transportation fuels, an energy advisory company has claimed. According to Breakthrough Fuel, as companies start a New Year, they will increasingly explore how changes in both the domestic and global fuel marketplaces are impacting their supply chain. It estimates that, on average, nearly 40% of any product's freight cost comes from fuel costs.

"This is the first time Apple's share of the U.S. market has topped 50%, Kantar said."
Apple Tops 50% Of The U.S. Smartphone Market -- Take that, Google Android. Apple iPhones is taking market share back from Android, accounting for 53.3% of U.S. smartphone sales for the 12-week period ending November 25, according to the market research firm Kantar Worldpanel ComTech.

- Sheena Moore

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