Executive Briefings

Rearward, March! Defense Department Awards Big Reverse Logistics Contract

The Department of Defense has retained Liquidity Services, Inc. a provider of reverse supply chain services, to manage and sell scrap assets generated by DoD installations throughout the continental United States, Alaska, Hawaii, Puerto Rico and Guam. The Company expects to commence operations under the contract on Sept. 1, 2016.

Rearward, March! Defense Department Awards Big Reverse Logistics Contract

Liquidity Services will acquire all scrap property offered to it by the DLA and, in exchange, will pay a revenue-sharing payment equal to 64.5 percent of the gross resale proceeds. The company will bear all of the costs for the sorting, merchandising and sale of the property.

Liquidity Services will continue to serve as the primary sales channel for DoD scrap property, including base materials and scrap metals such as ferrous and non-ferrous metals, nickel alloy, rubber, paper and other miscellaneous materials. Assets will be offered for sale through Liquidity Services' online auction marketplace, Govliquidation.com, to a global buyer base.

Source: Liquidity Services Inc.

Liquidity Services will acquire all scrap property offered to it by the DLA and, in exchange, will pay a revenue-sharing payment equal to 64.5 percent of the gross resale proceeds. The company will bear all of the costs for the sorting, merchandising and sale of the property.

Liquidity Services will continue to serve as the primary sales channel for DoD scrap property, including base materials and scrap metals such as ferrous and non-ferrous metals, nickel alloy, rubber, paper and other miscellaneous materials. Assets will be offered for sale through Liquidity Services' online auction marketplace, Govliquidation.com, to a global buyer base.

Source: Liquidity Services Inc.

Rearward, March! Defense Department Awards Big Reverse Logistics Contract