XPO Logistics deal for East Coast Air Charter valued at $9.25M

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XPO Logistics paid $9.25 million for East Coast Air Charter of Statesville, according to the deal’s broker.Alan Clark, principal of The Hatteras Group, says the price exceeded East Coast Air’s expectations. Hatteras Group also advised the company on its 2010 purchase of 911 Air Cargo.

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Put Strategy First When Pondering Automation for Your DC

Article | May 31, 2021

The unsurprising investment eagerness of venture capital funds is manifesting in an automation tech glut in the distribution center space. Motivated by enabling trends like labor and land shortages, DCs are amid an automation transformation. Never has defining an automation strategy been more important. There’s no shortage of VC cash available to logistics tech startups With a brightly shining spotlight centered on supply chains for the past two years, it’s no surprise that total funding in logistics startups has seen a dramatic increase – growing at over 70% CAGR (Compound Annual Growth Rate). Logistics technology startups raked in over $25 billion in the first three quarters of 2021. That’s more than half of the total amount raised in the whole of 2020, and the incentives for continuing investment persist. The rise of the of the “micro” DC “Micro” is a relative term. The size of a micro fulfillment center (MFC) can range from 5,000 to 50,000 square feet. Those reduced square footages allow location in dense urban areas, typically within 40 miles of most of their intended customers. In addition, smaller footprints lead to reduced rents compared to a standard customer fulfillment center (CFC), and the proximity to consumers makes for lower final mile delivery costs. It’s no wonder that MFCs accounted for more than half of the logistics real estate leasing activity in the third quarter of 2021. The “urban logistics” trend is fueling demand for these highly automated, smaller locations. Vertical logistics integration grows ever more fashionable among retailers It’s a very “in” thing right now, these acquisitions and partnerships, and they won’t be going out of fashion soon. For example, American Eagle took in Airterra and its parcel optimization tech and third-party logistics (3PL) provider Quiet Logistics. Target started early. They bought Grand Junction, a software platform that helps retailers determine the best delivery method and track carrier performance, in 2017. Their 2020 acquisition of Deliv brought with it same-day delivery routing technology that they’re now applying to their 2021 purchase, on-demand delivery service Shipt. Target uses Delivs’ tech to generate more efficient routes for Shipt. Kroger has partnered with UK’s e-grocery specialist Ocado to build automated CFCs across the US and expand their retail footprint. The first CFC opened last spring in Ohio and their second in Florida later that year. They plan to open 20 CFCs over the next three years. “The proliferation of DC automation solutions and modalities, the rise of MFCs in high-density urban areas, the increasingly automated vertical integration of logistics, and the need to rapidly expand order fulfillment capacity have all, in combination, advanced the need for and application of clearly defined strategies concerning the implementation of automation technology. Do not operate without one.” Vikas Argod, Principal, Supply Chains Operations practice at Chainalytics Coping with shortages in warehouse space and labor availability Third quarter, 2021 US demand for industrial real estate exceeded supply by 41 million square feet. This pushed the national vacancy rate in the fourth quarter down to a record 3.7% in the Cushman & Wakefield US National Industrial MarketBeat report for Q4 2021. Who knows what the record might be when the Q1 2022 report breaks in a few weeks? On the labor side, the December 2021 US unemployment rate was 3.9%, lower than in December 2019 (3.6%) yet reflecting a tighter labor market. Labor force participation rates are at 61.9%, nearly 2% below February 2020 levels, because of lingering effects of the COVID-19 pandemic. The rising wages and signing bonuses of the past year offer silent testimony to the ongoing constraints in today’s labor market. Both trends will remain with us for the near- and mid-term, making an automation strategy a necessary part of your DC operations as you attempt to mitigate the effects of both. In addition, warehouse labor shortages are most pronounced in markets with high distribution center densities – Greater Memphis, In-land Empire, Allentown, PA, et al.) Building the capability to rapidly open DCs at scale No other factor drives home the need for a coherent DC automation strategy like this one. Let’s explore it with an example. We’ll call this “A Tale of Two Companies.” One jumped on the automation bandwagon without hesitation – not a bad thing – but applied no strategic groundwork. The other is, well, Amazon. Company one responded to increasing demand by creating DCs in their usual, strategically located fashion. However, with automation, the lack of a logical strategy led to adopting “the best that money could buy.” So, while these DCs work fine on their own (most of the time), each employs unique implementations from a variety of vendors, with little to no overlap of methods, capabilities, and management procedures between DCs. It’s functional, but a needlessly complicated hodgepodge. On the other hand, it definitely looks like Amazon has a standardized automation strategy. One that can easily adapt to exploit the individual physical specifications of any space. This makes it simple to arrive and equip it with a standard package of automation solutions. That’s probably how Amazon blanketed the US with over 400 new DCs in just the last two years. They waste no time or money on repeating unnecessary decisions along the way. Now, we all can’t have the resources of an Amazon. However, the rise of on-demand warehousing companies like Stord and Flexe allow organizations to dramatically decrease the cycle time of standing up additional fulfillment capability. Developing an automation strategy will feel familiar. It begins with benchmarking, order profiling, current performance drivers, EBIT targets, and theoretical evaluations of newer technology options. All this leads to the creation of a decision framework for DC automation. The goal here is achieving alignment among the leadership on critical capabilities to focus on. These include rapid fulfillment, labor shortage, capacity constraints, safety challenges, or sustainability. Those that commit to this process will start slowly but finish with a strategy that will underpin thousands of decisions and enable sustained rapid growth. If, in the end, you decide that automation is not right for your operation, that’s a perfectly valid strategy as well. So long as you have a method to evaluate all of your options, and you base your decision on cost-service-sustainability trade-offs, the right strategy for your organization may be no automation at all. There’s no point in chasing shiny robotic objects if automation makes little sense‌. The rise of automation and the multitude of technologies to choose from require the development of a strategic decision framework. Contact us and see how Chainalytics – an NTT DATA company – can be your guide in developing this critical part of your foundation for growth. Our top supply chain talent, enabled by proven, leading-edge digital assets – tools, methods, and content – deliver actionable insights and measurable outcomes to some of today’s largest and most complex supply chains.

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Digital innovation in logistics warehouses

Article | October 15, 2020

Business Chief takes a look at three leading logistics companies and how they are digitalising their warehouses. With technology evolving at an exponential rate, and the logistics industry needing flexible solutions for its complex operation, we take a closer look at some of the successful deployments of digitalisation within the warehouses of leading logistic companies around the world.

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How to Test Major Changes in Your Supply Chain Process

Article | August 18, 2021

Did you know that the return of your supply chain process depends on how your software technology works as well as the efficiency of the people involved in the entire process? However, changes keep taking place, and you might feel clueless as to where your initiative is going. Supply chain testing is done in order to know and mark the various aspects where the supply chain is the weakest. Since data handling is a crucial aspect, managing it becomes even more necessary.

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Trends in Shipping by Vertical: Retail, Wholesale & OEM Shipping for 2020

Article | February 10, 2020

Global trends in shipping continue to evolve in the wake of uncertainty and risk. The recent outbreak of the Coronavirus threatens to undermine use of shipping options that would involve air freight between the U.S. and China, explains Wired. New hazmat regulations are taking effect in 2020. Retailers are trying to stay evergreen and compete with Amazon. The list of risks is endless, and the only way to really succeed will lie in understanding the trends in shipping by vertical and a few key sectors that require vigilance in the coming year.

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We are a Panama based 3PL that add values to our Multinational Customer's Supply Chain by providing logistics service of excellence, all the time, every time.

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Nexxiot to Acquire Majority Interest in Swedish Technology Firm MOST

Nexxiot | September 27, 2021

Nexxiot, the emerging TradeTech juggernaut transforming the cargo freight industry around the world through data and logistics digitization advancements, has announced it will acquire a majority interest in the Swedish technology firm MOST, a provider of real-time cargo monitoring services. The Swedish family office Resona, one of Scandinavia’s foremost technology investors, will become minority shareholder in the transaction. Through its acquisition of MOST, Nexxiot will significantly consolidate its position as the foremost TradeTech innovator in the cargo IoT space. Nexxiot operates in more than 160 countries and is a leading provider of AI powered data solutions for a fast-growing roster of supply chain companies. Nexxiot CEO Stefan Kalmund, remarked of the transaction: “Bringing MOST’s capabilities into our technology portfolio will have tremendous benefits for Nexxiot’s global customers, affording them unprecedented insights and information about their cargo that will certainly lead to positive outcomes in business planning, decision making and cost savings on a large scale. While we are excited about the immediate impacts of this partnership, we are equally thrilled at the long term implications this deal will have for Nexxiot as one of the world’s dominant players in TradeTech and developers of the supply chain solutions for tomorrow.” Sam Giertz, co-principal of Resona and Chairman of the Board of MOST, said: "One of our core philosophies is to identify business models with the potential to transform industries and disrupt markets through the innovative application of data and technology. We view MOST and Nexxiot as an alliance of truly complementary companies that promise to deliver the new standard in big data solutions across cargo shipping sectors. Through our investments, we are advancing TradeTech’s revolution across the supply chain with major sustainability implications for the future.” Matilda Bouchet, MOST CEO said: “We could not be more delighted at this outcome and are confident that the strong set of people skills and financing will take MOST to the next level in bringing data-driven insights to our customers.” Danish IoT market leader GlobeTracker will divest its shares of MOST in the transaction. GlobeTracker CEO Olavur Ellefsen stated: “GlobeTracker is dedicated to making the supply chain significantly smarter through advanced data and technologies, which is why we were a proponent behind MOST’s forward looking data solutions. We are gratified that our early investment helped MOST achieve leading status in the industry and will continue to work with companies like MOST and Nexxiot to advance TradeTech throughout the supply chain.” The alliance will combine Nexxiot’s onboard solar powered cargo sensors and gateways, which track cargo movements and efficiencies through the company’s dedicated logistics cloud, together with MOST’s sensors that monitor the humidity, temperature, light and security of cargo inside of freight containers. Nexxiot will now be able to offer customers complete transparency and accountability as to the status and performance of their cargo shipments across the globe. TradeTech supply chain advancements have taken on increasing importance as ports have become congested worldwide, delaying delivery of critical cargo and costing shippers and consumers billions of dollars through increased costs and prices. Kalmund added: “Our enhanced capabilities distinguish Nexxiot’s solutions from anything else on the market because they transmit instant, real-times alerts about cargo status from inside a container as opposed to logging systems that can only send data once a container arrives at its destination. Beyond the benefits to our customers, these advancements will have far reaching implications pertaining to ‘Know-Your-Cargo’ standards, enhanced safety measures through fire and accident prevention and helping shippers combat illicit trafficking.” GlobeTracker GlobeTracker is a privately held Danish company revolutionizing global supply chain visibility. GlobeTracker specializes in cold supply chain tracking, monitoring and cutting-edge sensor technology providing true end-to-end supply chain visibility and management. Globe Tracker has offices in the Faroe Islands, Netherlands, Germany, USA, Singapore, Iceland, and Canada. Resona Resona is a Swedish family office focused on investment in technology and real estate. With a deep passion for early-stage investment in technology which promise to improves our world tomorrow, we are also deeply committed to true entrepreneurship. Our investments into real-estate is equally passion driven, with a better tomorrow through innovation and pioneering green technology square in our focus. Nexxiot Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

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Polish Freight Railcar Operator Eurowagon Goes Digital With Nexxiot

Nexxiot | August 13, 2021

Eurowagon, the operator of Poland’s largest pool of independent rental freight railcars, has selected Swiss IoT pioneer Nexxiot to digitize the company’s cargo fleet. Through the full deployment of Nexxiot’s industry leading, proprietary hardware sensors and cloud-based software solutions, Eurowagon will achieve for its cargo fleet and customers an unparalleled standard of safety and transparency. Founded in 2018, fast-growing Eurowagon has quickly become the leading private operator of freight railcars in Poland by maintaining an agile approach that enables rapid expansion as well as the integration of the latest technology advances in the industry. This digitization partnership with Nexxiot will ensure next level accountability to its clientele, which include some of Europe’s leading shippers. “Transparency and security improvements through digitization are trending topics around the world but are often met with institutional impediments. Eurowagon’s youthful agility enables our company to adopt the latest technological innovations to stay competitive,” explained Marek Gołębiewski, Eurowagon’s Technical Director. “We are free from legacy issues because we are able to take a ‘greenfield’ approach and ensure digital readiness from day one. This partnership will enable us to respond to the needs of our customers in real time, remaining at the forefront of industry trends. By 2026, we will increase our fleet to 4,500 wagons, becoming the largest professional rolling stock company for the rental of rail freight wagons in Central and Eastern Europe. To achieve this, we continue to integrate the latest technologies and ideas into the company now to offer our clients the best possible service.” Nexxiot’s gateway devices, called Globehoppers, will be used to equip Eurowagon’s non-powered freight wagons and deliver data in real time. This data allows decisionmakers to gain full visibility and transparency into their daily operations. This cutting-edge technology ensures that rail processes are as secure and efficient as possible. Regarding fleet safety, Eurowagon expects digitization to add significant value. Mr. Gołębiewski continued, saying “Nexxiot’s solutions help us supervise the planning of periodic repairs and prevent potentially dangerous situations through continuous fleet monitoring. In the rare cases where unplanned incidents occur, real-time notifications via the Nexxiot intelligent cloud are a great advantage as we are able to quickly pinpoint exactly where and when the event occurred, which wagons were affected and how severely due to in-depth shock analytics. The data insights will also help us speed up the regulatory processes required to investigate any potential event. We are pleased with Nexxiot's openness to derive significant experience and adapt the product to our individual needs." Nexxiot CEO Stefan Kalmund sees a special correlation between transparency and security, remarking, “Security has a lot to do with trust. Nowadays, digital solutions that create transparency in operations allow companies to provide their clients with all the relevant insights and proof of ‘duty of care.’ Together with the team at Eurowagon, we are able to explore the specific needs of the Polish market and collaborate in finding the perfect customized solution for the company. In the process of working together, we found that Nexxiot and Eurowagon are a natural fit, because progressive thinking around data-driven innovation is a priority in both companies." About Eurowagon Eurowagon is a new alternative for customers on the European rail car leasing market. The company was established in 2018 and is a portfolio company of CEE Equity Partners Ltd. Eurowagon presently owns and manages roughly 1,500 freight railcars, and expects to expand to approximately 4,500 wagons by 2026. Eurowagon enterprises include rental of railcars to freight and industrial clients, railcar management and maintenance. The headquarters of the company is in Poland and, since 2020, Eurowagon has also maintained operations in Switzerland, France and Austria. About Nexxiot Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles. Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

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Nexxiot and TRIG Form New Rail Cargo Digital Transformation Partnership

Nexxiot | July 15, 2021

Nexxiot, a global leader in supply chain data analytics, is collaborating with rail sensor technology developer TransRail Innovation Group (TRIG) to provide cutting-edge solutions for rail freight operators, the companies said today. The collaboration will integrate TRIG's patented rail freight sensors into Nexxiot's industry-leading modular hardware and cloud data network, with deployment to North American rail operators set to begin this month. TRIG develops transloading systems that use digital sensors to analyze liquid levels in real-time, monitor whether railcar handbrakes are on or off, and determine the open/closed state of doors, hatches, and manways. The data is sent wirelessly to the Nexxiot Cloud, where it is cleaned and analyzed by sophisticated algorithms to provide commercial value for operators and cargo owners. As a result, the Nexxiot Intelligent IoT Cloud Platform provides many advantages to various stakeholder groups. It is feasible to streamline operations and offer a whole new set of services for various participants and facilitators who need them using the location, timestamp, asset, and cargo status. Rail is three to seven times more sustainable than the road as a mode, but lack of transparency has often left it behind. Rail becomes a better choice now that it has enhanced safety capabilities due to having real-time visibility into asset conditions, and sustainability advantages can be achieved. TRIG has received substantial support from Sustainable Development Technology Canada to date, and Nexxiot was recently granted an IoT Climate Award for its contribution to allowing sustainable transport and de-risking rail for freight. More cargo can be moved with the same number of assets with sensors and IoT gateways providing critical data and the appropriate software processing capabilities. Improved safety standards result in fewer incidents for workers and the general public. In addition, new creative business models can be provided to various supply chain ecosystem players, allowing innovative operators to disrupt traditional operating models and gain an unbeatable advantage over competitors. About Nexxiot Nexxiot AG is a leader in tomorrow's digital logistics. Nexxiot, an industry leader in cargo transportation digitalization, enables global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find, and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security, and efficiency. Nexxiot, headquartered in Zurich, employs people from 21 different nations and operates across Europe and the United States. Nexxiot's secure, industry-leading Cloud contains data from over 2.5 billion miles driven. Committed to sustainability through corporate and social responsibility, Nexxiot's goal is to enable a 5% reduction in global CO2 emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. About TransRail Innovation Group (TRIG) TRIG develops and manufactures advanced radar sensor and communications platform solutions for rail transloading and shipping. The company is dedicated to resolving health, safety, environmental, and economic problems impacting the hazardous liquids rail transportation sector in North America. TRIG is North America's only electronics company approved by the Association of American Railroads (AAR) to design and implement digital technology that penetrates rail tank car closures. These solutions are presently available in North America and have been shown to help the rail transportation sector reduce environmental effects while lowering overall railway emissions. The technique ultimately reduces the number of rail tank cars in operation, reducing emissions from tank car transport.

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Nexxiot to Acquire Majority Interest in Swedish Technology Firm MOST

Nexxiot | September 27, 2021

Nexxiot, the emerging TradeTech juggernaut transforming the cargo freight industry around the world through data and logistics digitization advancements, has announced it will acquire a majority interest in the Swedish technology firm MOST, a provider of real-time cargo monitoring services. The Swedish family office Resona, one of Scandinavia’s foremost technology investors, will become minority shareholder in the transaction. Through its acquisition of MOST, Nexxiot will significantly consolidate its position as the foremost TradeTech innovator in the cargo IoT space. Nexxiot operates in more than 160 countries and is a leading provider of AI powered data solutions for a fast-growing roster of supply chain companies. Nexxiot CEO Stefan Kalmund, remarked of the transaction: “Bringing MOST’s capabilities into our technology portfolio will have tremendous benefits for Nexxiot’s global customers, affording them unprecedented insights and information about their cargo that will certainly lead to positive outcomes in business planning, decision making and cost savings on a large scale. While we are excited about the immediate impacts of this partnership, we are equally thrilled at the long term implications this deal will have for Nexxiot as one of the world’s dominant players in TradeTech and developers of the supply chain solutions for tomorrow.” Sam Giertz, co-principal of Resona and Chairman of the Board of MOST, said: "One of our core philosophies is to identify business models with the potential to transform industries and disrupt markets through the innovative application of data and technology. We view MOST and Nexxiot as an alliance of truly complementary companies that promise to deliver the new standard in big data solutions across cargo shipping sectors. Through our investments, we are advancing TradeTech’s revolution across the supply chain with major sustainability implications for the future.” Matilda Bouchet, MOST CEO said: “We could not be more delighted at this outcome and are confident that the strong set of people skills and financing will take MOST to the next level in bringing data-driven insights to our customers.” Danish IoT market leader GlobeTracker will divest its shares of MOST in the transaction. GlobeTracker CEO Olavur Ellefsen stated: “GlobeTracker is dedicated to making the supply chain significantly smarter through advanced data and technologies, which is why we were a proponent behind MOST’s forward looking data solutions. We are gratified that our early investment helped MOST achieve leading status in the industry and will continue to work with companies like MOST and Nexxiot to advance TradeTech throughout the supply chain.” The alliance will combine Nexxiot’s onboard solar powered cargo sensors and gateways, which track cargo movements and efficiencies through the company’s dedicated logistics cloud, together with MOST’s sensors that monitor the humidity, temperature, light and security of cargo inside of freight containers. Nexxiot will now be able to offer customers complete transparency and accountability as to the status and performance of their cargo shipments across the globe. TradeTech supply chain advancements have taken on increasing importance as ports have become congested worldwide, delaying delivery of critical cargo and costing shippers and consumers billions of dollars through increased costs and prices. Kalmund added: “Our enhanced capabilities distinguish Nexxiot’s solutions from anything else on the market because they transmit instant, real-times alerts about cargo status from inside a container as opposed to logging systems that can only send data once a container arrives at its destination. Beyond the benefits to our customers, these advancements will have far reaching implications pertaining to ‘Know-Your-Cargo’ standards, enhanced safety measures through fire and accident prevention and helping shippers combat illicit trafficking.” GlobeTracker GlobeTracker is a privately held Danish company revolutionizing global supply chain visibility. GlobeTracker specializes in cold supply chain tracking, monitoring and cutting-edge sensor technology providing true end-to-end supply chain visibility and management. Globe Tracker has offices in the Faroe Islands, Netherlands, Germany, USA, Singapore, Iceland, and Canada. Resona Resona is a Swedish family office focused on investment in technology and real estate. With a deep passion for early-stage investment in technology which promise to improves our world tomorrow, we are also deeply committed to true entrepreneurship. Our investments into real-estate is equally passion driven, with a better tomorrow through innovation and pioneering green technology square in our focus. Nexxiot Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

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Polish Freight Railcar Operator Eurowagon Goes Digital With Nexxiot

Nexxiot | August 13, 2021

Eurowagon, the operator of Poland’s largest pool of independent rental freight railcars, has selected Swiss IoT pioneer Nexxiot to digitize the company’s cargo fleet. Through the full deployment of Nexxiot’s industry leading, proprietary hardware sensors and cloud-based software solutions, Eurowagon will achieve for its cargo fleet and customers an unparalleled standard of safety and transparency. Founded in 2018, fast-growing Eurowagon has quickly become the leading private operator of freight railcars in Poland by maintaining an agile approach that enables rapid expansion as well as the integration of the latest technology advances in the industry. This digitization partnership with Nexxiot will ensure next level accountability to its clientele, which include some of Europe’s leading shippers. “Transparency and security improvements through digitization are trending topics around the world but are often met with institutional impediments. Eurowagon’s youthful agility enables our company to adopt the latest technological innovations to stay competitive,” explained Marek Gołębiewski, Eurowagon’s Technical Director. “We are free from legacy issues because we are able to take a ‘greenfield’ approach and ensure digital readiness from day one. This partnership will enable us to respond to the needs of our customers in real time, remaining at the forefront of industry trends. By 2026, we will increase our fleet to 4,500 wagons, becoming the largest professional rolling stock company for the rental of rail freight wagons in Central and Eastern Europe. To achieve this, we continue to integrate the latest technologies and ideas into the company now to offer our clients the best possible service.” Nexxiot’s gateway devices, called Globehoppers, will be used to equip Eurowagon’s non-powered freight wagons and deliver data in real time. This data allows decisionmakers to gain full visibility and transparency into their daily operations. This cutting-edge technology ensures that rail processes are as secure and efficient as possible. Regarding fleet safety, Eurowagon expects digitization to add significant value. Mr. Gołębiewski continued, saying “Nexxiot’s solutions help us supervise the planning of periodic repairs and prevent potentially dangerous situations through continuous fleet monitoring. In the rare cases where unplanned incidents occur, real-time notifications via the Nexxiot intelligent cloud are a great advantage as we are able to quickly pinpoint exactly where and when the event occurred, which wagons were affected and how severely due to in-depth shock analytics. The data insights will also help us speed up the regulatory processes required to investigate any potential event. We are pleased with Nexxiot's openness to derive significant experience and adapt the product to our individual needs." Nexxiot CEO Stefan Kalmund sees a special correlation between transparency and security, remarking, “Security has a lot to do with trust. Nowadays, digital solutions that create transparency in operations allow companies to provide their clients with all the relevant insights and proof of ‘duty of care.’ Together with the team at Eurowagon, we are able to explore the specific needs of the Polish market and collaborate in finding the perfect customized solution for the company. In the process of working together, we found that Nexxiot and Eurowagon are a natural fit, because progressive thinking around data-driven innovation is a priority in both companies." About Eurowagon Eurowagon is a new alternative for customers on the European rail car leasing market. The company was established in 2018 and is a portfolio company of CEE Equity Partners Ltd. Eurowagon presently owns and manages roughly 1,500 freight railcars, and expects to expand to approximately 4,500 wagons by 2026. Eurowagon enterprises include rental of railcars to freight and industrial clients, railcar management and maintenance. The headquarters of the company is in Poland and, since 2020, Eurowagon has also maintained operations in Switzerland, France and Austria. About Nexxiot Nexxiot AG is a driver of the digital logistics of tomorrow. An industry leader in the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security and efficiency. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 21 countries. The company’s secure, industry leading Cloud comprises data from over 2,5 billion travelled miles. Committed to sustainability through corporate and social responsibility, Nexxiot’s goal is to enable a five percent reduction in global carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes.

Read More

FREIGHT

Nexxiot and TRIG Form New Rail Cargo Digital Transformation Partnership

Nexxiot | July 15, 2021

Nexxiot, a global leader in supply chain data analytics, is collaborating with rail sensor technology developer TransRail Innovation Group (TRIG) to provide cutting-edge solutions for rail freight operators, the companies said today. The collaboration will integrate TRIG's patented rail freight sensors into Nexxiot's industry-leading modular hardware and cloud data network, with deployment to North American rail operators set to begin this month. TRIG develops transloading systems that use digital sensors to analyze liquid levels in real-time, monitor whether railcar handbrakes are on or off, and determine the open/closed state of doors, hatches, and manways. The data is sent wirelessly to the Nexxiot Cloud, where it is cleaned and analyzed by sophisticated algorithms to provide commercial value for operators and cargo owners. As a result, the Nexxiot Intelligent IoT Cloud Platform provides many advantages to various stakeholder groups. It is feasible to streamline operations and offer a whole new set of services for various participants and facilitators who need them using the location, timestamp, asset, and cargo status. Rail is three to seven times more sustainable than the road as a mode, but lack of transparency has often left it behind. Rail becomes a better choice now that it has enhanced safety capabilities due to having real-time visibility into asset conditions, and sustainability advantages can be achieved. TRIG has received substantial support from Sustainable Development Technology Canada to date, and Nexxiot was recently granted an IoT Climate Award for its contribution to allowing sustainable transport and de-risking rail for freight. More cargo can be moved with the same number of assets with sensors and IoT gateways providing critical data and the appropriate software processing capabilities. Improved safety standards result in fewer incidents for workers and the general public. In addition, new creative business models can be provided to various supply chain ecosystem players, allowing innovative operators to disrupt traditional operating models and gain an unbeatable advantage over competitors. About Nexxiot Nexxiot AG is a leader in tomorrow's digital logistics. Nexxiot, an industry leader in cargo transportation digitalization, enables global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to track, find, and protect cargo from more than 160 countries around the world and across 450 network roaming partners to ensure accountability, security, and efficiency. Nexxiot, headquartered in Zurich, employs people from 21 different nations and operates across Europe and the United States. Nexxiot's secure, industry-leading Cloud contains data from over 2.5 billion miles driven. Committed to sustainability through corporate and social responsibility, Nexxiot's goal is to enable a 5% reduction in global CO2 emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. About TransRail Innovation Group (TRIG) TRIG develops and manufactures advanced radar sensor and communications platform solutions for rail transloading and shipping. The company is dedicated to resolving health, safety, environmental, and economic problems impacting the hazardous liquids rail transportation sector in North America. TRIG is North America's only electronics company approved by the Association of American Railroads (AAR) to design and implement digital technology that penetrates rail tank car closures. These solutions are presently available in North America and have been shown to help the rail transportation sector reduce environmental effects while lowering overall railway emissions. The technique ultimately reduces the number of rail tank cars in operation, reducing emissions from tank car transport.

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