August 1, 2020 Logistic Motion has reinitiated its freight brokerage efforts as a new and separate entity: Logistic Motion, a Praxis Nexus DBA. Our past efforts served the general dry freight market segment. Current energies will focus in the auto hauling and specialty freight transportation segments. 

Covid 19 has served as this generation’s touchstone for reinvention. The pandemic has forced business to reinvent previous market stalwarts. While painful, all birthing comes with the promise of new life and new opportunity. 

Praxis Nexus is reimagining every division of its operations; leaning some areas and bolstering others. Nothing is left untouched.

The 2020 recession is effecting the recruiting industry; testing strength of many long-standing relationships. Our Federal Government’s efforts to stave devastation from mass layoffs and business closures has been successful; for the moment we're basking in a cash infused delirium. When government cash band aide is ripped off the true employment reality will splay and spasm. Here's what we expect.

It’s going to be okay--hard but okay; we think so at least. Certain market segments will bounce back.Others will be slower on the uptake. Some may never rebound. Overall though, current unemployment numbers will continue into Fall and then begin to diminish.

The recruiting industry is going to see consolidation. Followed by a stable business flow. Given a vaccine has been introduced to North America in 2021, we’ll see a same year marked increase in total business volume.

Remote work is likely here to stay. Inherent cost savings eliminates the office-clad days of old. Video conferencing coupled with mandatory remote work accommodation in response to this pandemic was the proverbial death knell.

We’re also finding that 40 percent of small to mid-sized businesses and over 50 percent of large corporations are retaining all of their employees. In our view, this portends a faster than previous recession rebound (given the nature of this recession-episodic, not structural); so long as consumer confidence opens wallets. They’ve kept enough talent to keep the lights on. Business will hire up at a fast clip when volume returns.

In the fall 2020, Praxis Nexus in conjunction with Eminence Property Services will initiate the 2021 rental real estate acquisition campaign "RREA". Scope, proforma, asset class, debt, finance, legal and company structure shall be completed and ratified by year end 2020; with a 2021 to-be-announced start date determined during the design phase.

In early in 2020, we reentered the shipping industry with an opportunity poised to provide steadily increasing revenue. Covid 19 abruptly stalled the opening and forced an immediate pivot to dispatching as a third party provider.

In preparing the RREA campaign, a further distillation of future capital investment and its exit strategy was required. This action provided a clear-minded direction and a plan to take us there. As with all successful happenings, the end is clearly in mind.