Alaska Air Group, Inc. Broker Price Targets For The Coming Week

Recently analysts working for various investment brokerages have changed their ratings and price targets on shares of Alaska Air Group, Inc. (NYSE:ALK).Recent broker ratings and price targets:09/23/2016 – Imperial Capital began new coverage on Alaska Air Group, Inc. giving the company a “in-line” rating. They now have a USD 74 price target on the stock.07/27/2016 – Alaska Air Group, Inc. was upgraded to “overweight” by analysts at JP Morgan. They now have a USD 78.5 price target on the stock.07/25/2016 – Alaska Air Group, Inc. was upgraded to “outperform” by analysts at Credit Suisse. They now have a USD 85 price target on the stock.06/15/2016 – Alaska Air Group, Inc. had its “overweight” rating reiterated by analysts at Morgan Stanley.06/14/2016 – Alaska Air Group, Inc. had its “outperform” rating reiterated by analysts at Cowen.

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Warehousing and Distribution

Shelves to Success: Essential Distribution & Warehousing Reads

Article | July 17, 2023

Explore the techniques to improve warehousing and distribution centre. Learn from the best books of logistics and distribution management and enhance warehousing operations and distribution processes. Efficient warehouse management is crucial in the complex world of distribution and logistics. With various warehouse types serving different purposes, warehouse managers are responsible for ensuring smooth operations, safeguarding valuable goods, and optimizing supply chain units. Building a strong knowledge base is key, and the best way to start is by delving into the top warehouse management books. This article presents a curated list of essential reads that will provide you with a solid foundation in the warehouse and distribution field. From understanding fundamentals to exploring cutting-edge practices, these books help in better decision-making regarding warehousing and distribution operations. 1. Fundamentals of Warehousing & Distribution Author Name: Material Handling Industry Fundamentals of Warehousing & Distribution is an essential book for professionals in the warehousing and distribution industry. Published as part of the MHI Career & Technical Education Program, this series of four warehouse management books provides comprehensive knowledge on material handling equipment, information technology tools, and warehouse operations. Volume 1 serves as a foundational guide, introducing readers to modern warehouses and distribution centers' equipment, processes, and operations. With its focus on practical knowledge and industry best practices, this warehouse and distribution book provides readers with the skills and expertise necessary for successful warehouse and distribution management. 2. Warehousing and Distribution Practices Author Name: xu ji ying Divided into two parts, Warehousing and Distribution Practices covers seven key areas of the real-world processes for managing storage and implementation of effective distribution strategies. This distribution management book focus on essential knowledge and skills, each section provides valuable insights through logistics standard terms, case studies, knowledge links, and practical application. As one of the best books on logistics and distribution management, it will give you the complete step-by-step guidance to expand and improve warehousing and distribution centre by leveraging the theory shared by xu ji ying. 3. Warehousing And Distribution Management Project Type Tutorial Author Name: Wang Yu Warehousing and Distribution Management Project Type Tutorial, a logistics and supply chain management book, revolutionize logistics education with its innovative approach. This comprehensive book goes beyond traditional teaching methods, immersing readers in real-world scenarios and practical projects. Through eleven immersive teaching projects and thirty-two dynamic learning tasks, readers gain hands-on experience in system planning, business management, quality control, inventory operations, technology application, and more. Developed in collaboration with industry experts, this tutorial bridges the gap between theory and practice, empowering logistics professionals to navigate the complexities of warehouse and distribution management. With its unique project-based structure, this warehousing and distribution book delivers a transformative learning experience for aspiring logistics and supply chain industry leaders. 4. Fundamentals of Warehousing & Distribution: Volume 3 Author Name: MHI Fundamentals of Warehousing & Distribution, a logistics and supply chain management book revolutionizes how logistics professionals perceive warehouses. By delving into captivating case study examples, this book unveils the intricacies of different warehouse configurations, showcasing how cutting-edge equipment and technologies empower diverse order fulfilment strategies. It challenges conventional wisdom by emphasizing that warehouses are no longer mere storage spaces; they have transformed into dynamic hubs that efficiently cater to a wide range of order types, from bulk shipments to individual products. With its ground-breaking insights and practical applications, this volume is a game-changer for industry experts seeking to elevate their warehousing and distribution management skills. 5. Warehouse Distribution and Operations Handbook Author Name: David Mulcahy Optimize warehouse operations with this warehouse and distribution management book, Warehouse Distribution and Operations Handbook. With a focus on improving inventory management, reducing costs and enhancing customer experiences, this handbook offers best practices, methods, equipment applications and technologies to utilize in different warehouse and distribution centres. Whether it's industrial, mail-order, or retail facilities, this comprehensive logistics and distribution management book provides the knowledge and strategies to drive profitability and control assets. It is an essential resource for anyone in the logistics industry looking to master distribution management and excel in warehouse operations. 6. Warehouse and Distribution Centre Author and Editor Name: Robert Mulder & Michiel Kobussen The warehouse and Distribution Centre is a valuable resource for logistics professionals and architects navigating the evolving landscape of warehouse design. This distribution management book addresses designers' pressing challenges, including cost control, technical requirements, and safety considerations. It offers a comprehensive system of theories, guidelines, and design standards, accompanied by a diverse collection of global warehouse and distribution centre projects. Balancing both the ends of practical reference and inspirational examples, this best book for distribution management equips readers with the knowledge and insights needed to create efficient, innovative, and sustainable warehouse and distribution solutions. It is a must-read for anyone involved in warehousing and distribution management. 7. Warehousing and Distribution Operation Practice Author Name: peng jian cheng Rooted in practical vocational education, Warehousing and Distribution Operation Practice is a book that emphasizes integrating theoretical knowledge with functional operations. It provides a hands-on approach to learning, enabling readers to apply their knowledge directly in real-world scenarios. This warehousing and distribution book will give you the required skills and expertise to optimize operational efficiency. With the help of practices shared by peng jian in the warehouse management book, readers will get insights into supply chain management and logistics operations. In addition, it will not only help in improving the processes in the warehouse and distribution but also enhance the overall business. 8. Operations and Supply Chain Management Essentials You Always Wanted to Know Author Name: Vibrant Publishers & Ashley McDonough Overcome the complexities of supply chain management and warehouse operations with Operations and Supply Chain Management Essentials You Always Wanted to Know. This engaging book takes you on a captivating journey through the interconnected world of logistics, unveiling the significance of every step in the process. Through a compelling narrative centred around a fictional company and its consumer product, you'll explore the challenges, decisions, and adaptations supply chain professionals face. Gain a deep understanding of supply chain operations, from disruptive forces to practical applications, and discover the importance of interactive business domains. 9. Start your Own Wholesale Distribution Business Author Name: The Staff of Entrepreneur Media & Christopher Matthew Spencer Embark on a lucrative journey in the distribution industry with 'Start Your Own Wholesale Distribution Business.' This comprehensive guide, crafted by the experts at Entrepreneur Media, equips you with the essential steps to establish a thriving wholesale operation from the comfort of your home. Discover the art of being an intermediary, connecting manufacturers and retailers to reap profits. Uncover industry-specific strategies, secure funding, identify profitable niches, forge valuable partnerships, and effectively market your business. With insights from experienced wholesale distributors, sample forms, checklists, and worksheets, this warehousing and distribution book is your roadmap to mastering the world of distribution and logistics. 10. Warehouse Management: The Definitive Guide to Improving Efficiency and Minimizing Costs in the Morden Warehouse Author Name: Gwynne Richards Discover one of the best books for logistics management in the modern era with 'Warehouse Management: The Definitive Guide to Improving Efficiency and Minimizing Costs in the Modern Warehouse.' This extensively updated fourth edition delves into the latest technologies, such as robotics, cobots, and AI, revolutionizing warehouse operations. Author Gwynne Richards offers expert insights and realistic solutions to optimize warehouse performance and improve efficiency. This effective distribution management book provides strategies and environmental initiatives to ensure a sustainable supply chain. Packed with real case studies and online resources, this book is an essential resource for distribution and logistics professionals. Conclusion Warehousing and distribution books have been a valuable resource for reference in the logistics field. While this compilation is not exhaustive, it offers a robust selection of warehouse management books that can effectively address various related challenges. Whether seeking insights into warehouse and transportation management or exploring other facets of supply chain management, logistics management, and procurement, the knowledge gained will be a worthwhile investment for future decision-making.

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Warehousing and Distribution

How does demurrage, detention, and port charges work.?

Article | July 11, 2023

Even though there are distinct differences between demurrage, detention and port charges, many are still oblivious to these differences and there have been several questions on this blog relating to these charges. This article is about how demurrage, detention, and port charges work. International Trade and CostsWhen it comes to international trade, majority of the buyers and sellers use Incoterms to decide what each other’s responsibilities and liabilities are in terms of the business, especially related to costs. Generally, there is very little room to manoeuvre in terms of additional and unbudgeted costs incurred on the shipment and therefore in their own interest it is important that the buyers and sellers take necessary precautions to ensure that all known costs relating to the business are discussed and finalised before the shipment commences. There are many entities involved in the process of shipping a container from Point A to Point B, each with their own cost component, all of which have to be covered either by the seller or the buyer. Demurrage, detention and port charges are just some of these costs that may be applicable in a shipment. While some of the port charges are valid and unavoidable, demurrage, detention and some of the port charges (like port storage, early arrival, late arrival, amendment, shifting etc) are entirely avoidable if everyone in the chain follows the process that they need to follow. What are port charges? Port charges, as the name suggests are a set of charges levied by the port or terminal which the container passes through.In terms of container shipments, port charges may include but not limited to below : Terminal Handling Charge (THC) Is quite simply the charge levied by the port for the loading and discharging of a container from the ship.. THC differs from port to port, terminal to terminal around the world and is charged both by the load port and discharge port.If the cargo is transhipped anywhere along the route, then the transhipment port also charges this THC but that is paid by the shipping line directly to the port and this quantum is usually included in the ocean freight charged by the line. Early Arrival Charge A charge levied by some of the ports/terminals for a container that arrives in the terminal BEFORE the stacks into which it is to be taken has been opened.. Early arrival can happen due to various reasons like a container missed the stacks for the previous vessel narrowly, but since the container is packed, it needs to be taken to the port, The acceptance of containers prior to the stacks/gate open is at the discretion of the Port/Terminal Operator and on the circumstances surrounding the operation of the vessels. Late Arrival Charge A late arrival charge is a charge levied by the port for a container that arrives in the terminal AFTER the stacks into which it is to be taken has been closed.. This could be due to delays in documentation, packing delays, inspection, trucking delays and many other situations.The acceptance of containers after the closing of stacks/gate is at the discretion of the Port/Terminal Operator and on the circumstances surrounding the operation of the vessels and if the containers can be accepted without disrupting the schedule of the vessel and ports. Stuffing/Destuffing of Containers Some ports/terminals allow the stuffing (packing)/de-stuffing (unpacking) of the containers within the port area and charge customers based on the port tariff.This activity may happen at ports that provide CFS services and allow containers to be packed or unpacked in the port or due to some mistakes when the cargo was originally packed – say incompatible hazardous cargoes packed together.Depending on the port/terminal/country, the port charges may be charged directly to the customer (importer or exporter) or to the shipping line, who in turn will charge this to the customer. Of course, this is not the full list of port charges but these charges have been mentioned as it relates to the subject under discussion,Demurrage and DetentionWhile some of these port charges may be unavoidable, demurrage and detention charges on the other hand are avoidable charges, but in a lot of cases due to mishandling, miscommunication, misunderstandings and not following the proper protocols, these charges occur..When they do occur, these charges may create quite a financial impact on the whole business and sometimes these costs could be so prohibitive that some customers abandon their cargoes at the destination due to these costs. Although the most common market practice is to combine demurrage and detention, there are several cases where these are charged separately, and therefore it is important to know the difference between demurrage and detention.

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Warehousing and Distribution

Predicting the Future of the Logistics Industry

Article | July 11, 2023

Introduction From warehouse robots to delivery drones, the supply chain is experiencing a tremendous upheaval. AI promises a totally autonomous and self-organized future supply chain. A fleet of vehicles utilizing a swarm algorithm can enhance cargo yard throughput; a trusted peer-to-peer ledger on blockchain architecture could change compliance in the sector; and wearables, mobile robotics, and machine learning technologies could speed up order fulfilment. IOT e-brokerage solutions can link shops to couriers and transporters with a click. Tomorrow's supply chain will be leaner, quicker, and self-organized. A few innovative technologies will fuel this unparalleled rate of change over the next 15 years. Here are the major technologies that are shaping the future of the logistics industry. Logistics Technologies for the Future Shipment Tracking Systems Previously, customers ordered shipments, had an anticipated arrival date, and then were kept in the dark until they chose to call. Customers can now access shipping and tracking systems around-the-clock due to developments in the internet and software. This not only enhances the customer experience (cx), but it also saves the business time and money. Internet of Things (IoT) The IoT reduces costs and delays by minimizing hazards in the supply chain. Cabs, cargo ships, trains, etc., have sensors that link to an alarm system or dispatcher. These sensors analyze and communicate information to the crew, who learns about hidden threats. IoT isn't a new technology, but it continues to influence logistics by improving in-transit visibility and delivery. Radio Frequency Identification (RFID) RFID technology has been used for a few years to monitor inventories labor-efficiently. A product tag or sensor produces radio waves. The company processes the data. RFID tags are similar to barcodes, but their faster information transport and data processing appeal to companies and the direction of technology. Many organizations use RFID tags to track containers in warehouses. Enhanced GPS Accuracy Almost everyone utilizes GPS on their vehicles or smartphones. These devices' accuracy has improved over time, assisting lost drivers and enhancing the supply chain. By monitoring truck locations and boosting hauls with current traffic data, GPS increases efficiency and customer satisfaction. Closing Lines Unprecedented times have produced unprecedented transformations that will last for generations. Changing demographics, technology improvements, and COVID-19 impacts are altering global supply networks. We must understand the driving factors and act on what we learn to adapt and rise to the situation. For the sake of our current workforce and future generations.

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Supply Chain

How to Maximize Efficiency with Supply Chain Planning Systems?

Article | April 26, 2023

Automated supply chain planning maximizes efficiency and helps achieve long-term success by addressing challenges, highlighting the benefits, and offering insights to optimize business performance. Contents 1 Supply Chain Planning System Efficiency Maximization 2 Key Steps of Supply Chain Planning to Boost Efficiency 2.1 Implement Advanced Analytics Tools 2.2 Streamline Communication and Collaboration 2.3 Automate Processes 2.4 Consistency in Performance Improvement 3 Overcoming Major Challenges in the Process to Maximize Efficiency 3.1 Resistance to Change 3.2 Legacy Systems and Siloed Data 3.3 Inadequate Funding 4 Conclusion 1 Supply Chain Planning System Efficiency Maximization To compete and succeed in an ongoing complex and dynamic global market, companies must maximize the efficiency of their supply chain planning systems, which help manage the flow of goods and services from suppliers to customers, optimize resources and information to meet customer demands and minimize costs and risks. An adequate supply chain planning system can increase customer satisfaction, profitability, agility, and risk management. Moreover, by reducing costs, increasing productivity, and enhancing responsiveness to market demands, maximizing efficiency can help businesses remain competitive. As a result, businesses can gain a substantial competitive edge and position the organization for long-term success by optimizing their supply chain planning systems. 2 Key Steps of Supply Chain Planning to Boost Efficiency Businesses can significantly boost efficiency in their supply chain planning by implementing advanced analytics tools, streamlining communication and collaboration, automating processes, and ensuring consistency in performance improvement. 2.1 Implement Advanced Analytics Tools Implementing advanced analytics in supply chain planning is key to improve supply chain efficiency. Advanced analytics tools, including demand forecasting, production planning and inventory management, can help organizations leverage large volumes of data to extract insights that enable better decision-making. The insights can be used to optimize production planning, reducing costs and increasing efficiency. In addition, it also enables businesses to detect and respond to supply chain disruptions on operations. 2.2 Streamline Communication and Collaboration Managing and streamlining communication becomes essential for supply chain businesses, as it leads to greater agility and enables pipelines to adapt to changes in organizational structures. Leveraging cloud-based communication platforms, video conferencing, and collaboration tools enable real-time information sharing and collaboration across different teams and stakeholders. By enhancing communication and collaboration, businesses can better align their supply chain objectives, reduce communication gaps, and enhance decision-making. 2.3 Automate Processes The integration of technologies such as order processing, inventory management, and shipment tracking under warehouse automation and logistics automation produces a vast amount of data, making it challenging for businesses to process data manually. To enhance efficiency, automating supply chain planning processes has become essential. Automating the process has eliminated multitasking, including managing goods flow, tracking road progress, and ensuring safe delivery, which was previously required in the manual process. By automating processes, supply chain management can be streamlined, leading to reduced lead times, minimized costs, and improved efficiency. 2.4 Consistency in Performance Improvement Improving the supply chain is not a one-time fix, but a process that must be reviewed and optimized frequently. By implementing technology, businesses can continuously collect and analyze warehouse inventory management performance to identify areas for further efficiency gains and improved order accuracy. In addition, establishing a framework for continuous optimization involves regular performance reviews, feedback mechanisms, and benchmarking against industry best practices to help identify and address inefficiencies. 3 Overcoming Major Challenges in the Process to Maximize Efficiency 3.1 Resistance to Change Supply chain planning systems are hindered by change resistance. Employees may resist change who are comfortable with the status quo and adopt new technologies and processes less often. Organizations need a comprehensive change management plan to address stakeholder engagement, communication, and training. Implementing a change management plan starts with identifying the key stakeholders and involving them in planning to gain their buy-in and support for the changes, implementing the process of the changes using different channels to reach all stakeholders and in addition, developing training programs to prepare employees for the changes and enable them to use new technologies and processes effectively. 3.2 Legacy Systems and Silos Data Data silos and a lack of supply chain visibility are two problems that can arise when legacy systems and data are used. It also adds roadblocks in maximizing efficiency through supply chain planning software. Investing in older systems makes it challenging to gain a comprehensive view of the supply chain and informed decisions making. In addition, the systems are non-compatible with modern technology and data is stored in disconnected systems. With the help of an integrated system, all relevant information can be collected in one place, streamlining monitoring and decision-making. A data governance policy should be implemented to guarantee data quality and uniformity across all platforms. Data management, data storage, data sharing, regular monitoring and reporting on data quality are all essential components of this policy. 3.3 Inadequate Funding Insufficient funding can affect supply chain planning system efficiency; with budget constraints, organizations may struggle to invest in new technologies, hire skilled workers, or improve processes. Thus, the supply chain planning system may become obsolete, increasing costs, lead times, and customer dissatisfaction. To overcome the challenge of inadequate funding in supply chain planning, organizations must prioritize funding and strategically allocate resources by identifying the areas that require the most investment. Exploring alternative funding sources, such as grants and partnerships, can supplement existing funding and enable organizations to invest in vital initiatives that may not have been possible with limited resources. In addition, cost-cutting measures, such as process optimization and automation, can help to stretch existing funds and boost productivity. 4 Conclusion The supply chain planning system will continue to play a critical role in maximizing efficiency to revolutionize the supply chain professionals leverage emerging technologies such as AI, ML, and blockchain; understanding the process, identifying the challenges and overcoming them using the right strategies helps businesses in effective supply chain planning systems, gain a competitive advantage, improve supply chain performance and position themselves for long-term success. Furthermore, adopting a data-driven approach and a culture of continuous improvement in supply chain management planning can help organizations plan according to the future of supply chain and compete in the ever-changing global market.

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Sperry Rail Service

Sperry inspects railroad track for subsurface flaws with a fleet of specialized test vehicles using proprietary technology and internally developed data management systems.

Related News

Logistics, Supply Chain, Transportation

Kenco Acquires The Shippers Group

Kenco Group | January 04, 2024

Kenco, a leading North American third-party logistics company, proudly announces the acquisition of The Shippers Group, a Dallas-based third-party warehousing company. This strategic partnership adds to Kenco’s capabilities by providing increased capacity, broader geographic reach, and an expanded suite of services for the benefit of customers. Terms of the acquisition are not being disclosed. Founded in 1901 as a regional warehousing company, The Shippers Group has evolved into a nationally recognized leader in the warehousing, co-packaging, fulfillment, and transportation management space. Its century-long legacy of strengthening supply chains through innovative solutions distinguishes the company as a reliable partner. The Shippers Group is led by majority owner and CEO Graham Swank and supported by a tenured leadership team committed to upholding the company’s collaborative, innovative, and growth-oriented culture. “Kenco and The Shippers Group have highly complementary capabilities and share a culture of excellence,” said Denis Reilly, CEO of Kenco. “Together, we bolster the combined suite of capabilities with increased scale and reach in key growth markets, enabling us to capitalize on market momentum, while continuing to deliver exceptional service to our customers. I have long admired The Shippers Group’s management team and look forward to working together in the next chapter of their growth.” The acquisition of The Shippers Group bolsters Kenco’s multi-client capabilities and North American presence through the addition of 3.8 million square feet of space across eight sites in Florida, Georgia, and Texas. Kenco customers will benefit from access to The Shippers Group’s facilities, increased transportation capacity, as well as co-packaging know-how and processes. “Today marks a pivotal moment in The Shippers Group’s journey to optimize supply chains for the benefit of our customers,” said Rob Doyle, President at The Shippers Group. “Kenco has built an exceptional platform from which to scale, and I am confident that our customers will welcome access to Kenco’s proven operating systems. Our alignment with Kenco’s culture, values, and commitment to innovation, coupled with Kenco’s infrastructure, positions us well to achieve new levels of performance and execute upon our growth opportunities.” Scott Mayfield, Chief Administration Officer of Kenco, added, “We knew Shippers Group would be a fit from the start. We have had a long-standing relationship with their owners and key executives. This strategic partnership signifies a milestone for Kenco and The Shippers Group, combining our strengths to deliver even greater value to our customers and further excel in the dynamic logistics landscape.”

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Transportation

FarEye Recognized in 2022 Gartner® Market Guide for Last-mile Delivery Technology

FarEye | December 21, 2022

FarEye announced inclusion in the first-ever Gartner "Market Guide for Last-mile Delivery Technology Solutions1" report as the one of 18 Representative Vendors.According to Gartner, “... In terms of transportation operations, the global last-mile delivery market size was valued at $40.5 billion in 2021 and is anticipated to generate $123.7 billion in 2030. The market is projected to grow at a compound annual growth rate (CAGR) of 13.21% during the forecast period (2022 to 2030), with the Asia/Pacific region the leader in market share, accounting for 64% of the total e-commerce spending in 2021. North America and Europe follow Asia/Pacific in market share. However, in terms of software demands, the United States is the leading market for last-mile delivery software.” “We have been simplifying last-mile delivery for hundreds of companies globally for nearly a decade. We believe being recognized in the first Market Guide covering Last-mile Delivery Technology is further validation of our strategic focus on last-mile delivery, Today more than ever, an efficient consumer-centric last-mile delivery experience is pivotal to brand loyalty and turning the delivery experience into a competitive advantage.” -Kushal Nahata, CEO and co-founder, FarEye. FarEye’s products are oriented to key areas in the last-mile delivery journey - Ship, Track, Route, Execute, and Experience. FarEye’s products are underpinned by the FarEye Platform, an all-in-one low code/no code delivery logistics platform combining orchestration, real-time visibility, branded customer experiences, and business process management to ensure deliveries are on-time and accurate, from order-to-door. Companies in the e-commerce and retail, big and bulky, and courier and logistics industries rely on FarEye to increase operational efficiencies in the last mile, and create superior customer delivery experiences. Last-mile delivery has emerged as a crucial aspect of the consumer experience, said Al Contreras, customer innovation manager, Gordon Food Service. We have been working with FarEye on an omnichannel last-mile strategy to give our customers more delivery choices such as same-day delivery, the option to choose their delivery timeslots, as well as real-time updates on the status of their orders with precision, which has led to higher satisfaction and repeat purchases. About FarEye FarEye’s Delivery Management platform turns deliveries into a competitive advantage. Retail, e-commerce and third-party logistics companies use FarEye’s unique combination of orchestration, real-time visibility, and branded customer experiences to simplify complex last-mile delivery logistics. The FarEye platform allows businesses to increase consumer loyalty and satisfaction, reduce costs and improve operational efficiencies. FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile.

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Supply Chain

o9 Solutions and project44 Accelerate Their Partnership to Support Enterprises with Enhanced End-to-End Supply Chain Planning

o9 Solutions | December 20, 2022

o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, announced today that it is strengthening its partnership with project44, a leader in supply chain and logistics visibility, by providing an integrated, joint offering that enables enterprises to improve revenue and costs, enhance future planning and make more informed decisions across their end-to-end supply chain.Through this partnership, o9 and project44 will offer joint customers out-of-the-box integrations that connect o9’s Supply Chain Control Tower with project44’s high-quality real-time transportation visibility data – including predictive tracking, real-time ETAs and robust historical information. o9’s Supply Chain Control Tower allows organizations to sense demand and supply changes across the network and respond in real time with optimal, automated decisions. Through the o9 and project44 collaboration, joint clients are able to glean valuable data to quickly identify potential supply chain risks, understand their root causes and then take corrective actions to mitigate future disruptions. This partnership step progression with o9 Solutions provides enterprises with a more connected view of their supply chain to quickly make insightful, data-driven decisions, said Jett McCandless, Founder and CEO of project44. project44’s accurate, real-time supply chain visibility platform working in concert with o9’s Supply Chain Control Tower will better equip mutual clients to improve their customer experience and business outcomes. “As businesses face continued disruptions, the need for comprehensive logistic data is critical for planning and decision-making across all aspects of business and supply chain operations, By taking this next step in our partnership with project44, two category leaders remain committed to helping our customers proactively navigate supply chain uncertainties, both now and in the future.” -Chakri Gottemukkala, Co-Founder and CEO of o9 Solutions About o9 Solutions, Inc. o9 Solutions is a leading AI-powered platform for integrated business planning and decision-making for the enterprise. Whether it is driving demand, aligning demand and supply, or optimizing commercial initiatives, any planning process can be made faster and smarter with o9’s AI-powered digital solutions. Bringing together technology innovations—such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery—into one platform. For more information, please visit www.o9solutions.com. About project44 project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world’s most trusted end-to-end visibility platform that tracks more than 1 billion unique shipments annually for over 1,200 of the world’s leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability. The undisputed leader in the market, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2023, a five-time leader in customer satisfaction on G2’s Supply Chain Visibility Grid, one of Supply­Chain­Brain’s 100 Great Supply Chain Partners of 2022, and the Customer’s Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 23 global offices including Austin, Amsterdam, Kraków, Paris, São Paulo, Shanghai and Tokyo. Learn more at project44.com.

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Logistics, Supply Chain, Transportation

Kenco Acquires The Shippers Group

Kenco Group | January 04, 2024

Kenco, a leading North American third-party logistics company, proudly announces the acquisition of The Shippers Group, a Dallas-based third-party warehousing company. This strategic partnership adds to Kenco’s capabilities by providing increased capacity, broader geographic reach, and an expanded suite of services for the benefit of customers. Terms of the acquisition are not being disclosed. Founded in 1901 as a regional warehousing company, The Shippers Group has evolved into a nationally recognized leader in the warehousing, co-packaging, fulfillment, and transportation management space. Its century-long legacy of strengthening supply chains through innovative solutions distinguishes the company as a reliable partner. The Shippers Group is led by majority owner and CEO Graham Swank and supported by a tenured leadership team committed to upholding the company’s collaborative, innovative, and growth-oriented culture. “Kenco and The Shippers Group have highly complementary capabilities and share a culture of excellence,” said Denis Reilly, CEO of Kenco. “Together, we bolster the combined suite of capabilities with increased scale and reach in key growth markets, enabling us to capitalize on market momentum, while continuing to deliver exceptional service to our customers. I have long admired The Shippers Group’s management team and look forward to working together in the next chapter of their growth.” The acquisition of The Shippers Group bolsters Kenco’s multi-client capabilities and North American presence through the addition of 3.8 million square feet of space across eight sites in Florida, Georgia, and Texas. Kenco customers will benefit from access to The Shippers Group’s facilities, increased transportation capacity, as well as co-packaging know-how and processes. “Today marks a pivotal moment in The Shippers Group’s journey to optimize supply chains for the benefit of our customers,” said Rob Doyle, President at The Shippers Group. “Kenco has built an exceptional platform from which to scale, and I am confident that our customers will welcome access to Kenco’s proven operating systems. Our alignment with Kenco’s culture, values, and commitment to innovation, coupled with Kenco’s infrastructure, positions us well to achieve new levels of performance and execute upon our growth opportunities.” Scott Mayfield, Chief Administration Officer of Kenco, added, “We knew Shippers Group would be a fit from the start. We have had a long-standing relationship with their owners and key executives. This strategic partnership signifies a milestone for Kenco and The Shippers Group, combining our strengths to deliver even greater value to our customers and further excel in the dynamic logistics landscape.”

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Transportation

FarEye Recognized in 2022 Gartner® Market Guide for Last-mile Delivery Technology

FarEye | December 21, 2022

FarEye announced inclusion in the first-ever Gartner "Market Guide for Last-mile Delivery Technology Solutions1" report as the one of 18 Representative Vendors.According to Gartner, “... In terms of transportation operations, the global last-mile delivery market size was valued at $40.5 billion in 2021 and is anticipated to generate $123.7 billion in 2030. The market is projected to grow at a compound annual growth rate (CAGR) of 13.21% during the forecast period (2022 to 2030), with the Asia/Pacific region the leader in market share, accounting for 64% of the total e-commerce spending in 2021. North America and Europe follow Asia/Pacific in market share. However, in terms of software demands, the United States is the leading market for last-mile delivery software.” “We have been simplifying last-mile delivery for hundreds of companies globally for nearly a decade. We believe being recognized in the first Market Guide covering Last-mile Delivery Technology is further validation of our strategic focus on last-mile delivery, Today more than ever, an efficient consumer-centric last-mile delivery experience is pivotal to brand loyalty and turning the delivery experience into a competitive advantage.” -Kushal Nahata, CEO and co-founder, FarEye. FarEye’s products are oriented to key areas in the last-mile delivery journey - Ship, Track, Route, Execute, and Experience. FarEye’s products are underpinned by the FarEye Platform, an all-in-one low code/no code delivery logistics platform combining orchestration, real-time visibility, branded customer experiences, and business process management to ensure deliveries are on-time and accurate, from order-to-door. Companies in the e-commerce and retail, big and bulky, and courier and logistics industries rely on FarEye to increase operational efficiencies in the last mile, and create superior customer delivery experiences. Last-mile delivery has emerged as a crucial aspect of the consumer experience, said Al Contreras, customer innovation manager, Gordon Food Service. We have been working with FarEye on an omnichannel last-mile strategy to give our customers more delivery choices such as same-day delivery, the option to choose their delivery timeslots, as well as real-time updates on the status of their orders with precision, which has led to higher satisfaction and repeat purchases. About FarEye FarEye’s Delivery Management platform turns deliveries into a competitive advantage. Retail, e-commerce and third-party logistics companies use FarEye’s unique combination of orchestration, real-time visibility, and branded customer experiences to simplify complex last-mile delivery logistics. The FarEye platform allows businesses to increase consumer loyalty and satisfaction, reduce costs and improve operational efficiencies. FarEye has 150+ customers across 30 countries and five offices globally. FarEye, First Choice for Last Mile.

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Supply Chain

o9 Solutions and project44 Accelerate Their Partnership to Support Enterprises with Enhanced End-to-End Supply Chain Planning

o9 Solutions | December 20, 2022

o9 Solutions, a leading enterprise AI software platform provider for transforming planning and decision-making, announced today that it is strengthening its partnership with project44, a leader in supply chain and logistics visibility, by providing an integrated, joint offering that enables enterprises to improve revenue and costs, enhance future planning and make more informed decisions across their end-to-end supply chain.Through this partnership, o9 and project44 will offer joint customers out-of-the-box integrations that connect o9’s Supply Chain Control Tower with project44’s high-quality real-time transportation visibility data – including predictive tracking, real-time ETAs and robust historical information. o9’s Supply Chain Control Tower allows organizations to sense demand and supply changes across the network and respond in real time with optimal, automated decisions. Through the o9 and project44 collaboration, joint clients are able to glean valuable data to quickly identify potential supply chain risks, understand their root causes and then take corrective actions to mitigate future disruptions. This partnership step progression with o9 Solutions provides enterprises with a more connected view of their supply chain to quickly make insightful, data-driven decisions, said Jett McCandless, Founder and CEO of project44. project44’s accurate, real-time supply chain visibility platform working in concert with o9’s Supply Chain Control Tower will better equip mutual clients to improve their customer experience and business outcomes. “As businesses face continued disruptions, the need for comprehensive logistic data is critical for planning and decision-making across all aspects of business and supply chain operations, By taking this next step in our partnership with project44, two category leaders remain committed to helping our customers proactively navigate supply chain uncertainties, both now and in the future.” -Chakri Gottemukkala, Co-Founder and CEO of o9 Solutions About o9 Solutions, Inc. o9 Solutions is a leading AI-powered platform for integrated business planning and decision-making for the enterprise. Whether it is driving demand, aligning demand and supply, or optimizing commercial initiatives, any planning process can be made faster and smarter with o9’s AI-powered digital solutions. Bringing together technology innovations—such as graph-based enterprise modeling, big data analytics, advanced algorithms for scenario planning, collaborative portals, easy-to-use interfaces and cloud-based delivery—into one platform. For more information, please visit www.o9solutions.com. About project44 project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world’s most trusted end-to-end visibility platform that tracks more than 1 billion unique shipments annually for over 1,200 of the world’s leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability. The undisputed leader in the market, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2023, a five-time leader in customer satisfaction on G2’s Supply Chain Visibility Grid, one of Supply­Chain­Brain’s 100 Great Supply Chain Partners of 2022, and the Customer’s Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 23 global offices including Austin, Amsterdam, Kraków, Paris, São Paulo, Shanghai and Tokyo. Learn more at project44.com.

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