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

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.

Spotlight

Transdata Handling

The company’s development in recent years is the result of meeting its goal for having a unique profile in project logistics and heavy lift inside the Brazilian and South America market.

OTHER ARTICLES
Warehousing and Distribution

For information on our commitment and Tomorrow Rising fund to helping communities recover from the Covid-19 crisis

Article | June 27, 2023

With half a million people benefited in 60+ countries, the Tomorrow Rising Fund is now focusing on education and professional training programs to secure the best future for young people and their communities affected by COVID-19. Two months after launching the Tomorrow Rising fund to support Covid-19 emergency relief in April 2020, Schneider Electric’s Foundation moves forward to support recovery and resiliency through education and training programs. The Tomorrow Rising Fund was launched to support emergency and longer-term reconstruction related to Covid-19 in all the countries where Schneider Electric operates. The Schneider Electric Foundation appealed to its leaders and employees to get involved and all their donations have been matched by the Group. Other external stakeholders and partners have also contributed.

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Supply Chain

Autonomous Robots: The Future of Warehousing & Logistics

Article | August 17, 2023

Autonomous robots have transitioned from a futuristic system that only a few enterprises could afford to a sustainable, well-established solution in a wide assortment of warehouse automation projects in recent years. With the flourishing transportation and logistics industry and increasing e-commerce penetration worldwide, innovative technologies are revealing promising opportunities throughout the supply chain. Warehouse Automation: Driving Value in the Supply Chain Historically, autonomous robots have been used to perform tedious and repetitive tasks, necessitating sophisticated programming for setup and incorporation while lacking the dexterity to easily adjust operations. As autonomous robots become more intelligent, their setup times decrease, they need less monitoring, and they are able to work alongside their human counterparts. The benefits for the future supply chain are increasing as autonomous robots become more capable of working day and night with more consistent levels of productivity and quality and performing tasks that individuals should not, cannot, or do not want to do. Autonomous robots drive advancements and add value to the supply chain, primarily by increasing revenue potential and lowering direct and indirect operating costs. Autonomous robots, in particular, can assist: Boost efficiency and productivity. Lower risk, error frequency, and rework rates. Enhance employee safety in high-risk workplaces. Handle low-value, routine tasks so people can work together on strategic projects that can't be done by machines. Raise revenue by optimizing order fulfillment rates, and delivery speed, and, ultimately, increasing customer satisfaction. Sneak Peek into the Future of Autonomous Robot Autonomous robots are expected to witness strong growth in the coming years. These robots will become more common in the future supply chain as technology advances, allowing them to operate with more human-like abilities. Improvements in haptic sensors, for example, will enable these robots to grasp objects varying from multi-surfaced metal assembly parts to fragile eggshells without requiring changes to robotic components or programming. This will encourage companies operating in the industry to increase their research and development activities and introduce innovative and advanced supply chain technologies.

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Warehousing and Distribution

For our deep Sustainability commitment and world leading contributions

Article | July 17, 2023

We track our commitments and goals quarterly through the Schneider Sustainability Impact 2018 – 2020 (formerly called the Planet & Society barometer). The 2018 – 2020 Schneider Sustainability Impact ?shows our commitments by 2020, as well as our contribution to the United Nations Sustainable Development Goals to be achieved by governments, companies, and civil society by 2030. For nearly 15 years we have been following a clear action plan with a dashboard called Schneider Sustainability Impact. It is based on our 2050 vision with tangible deliverables updated every three years. Our CEO and CFO announce our results on a quarterly basis, together with the company’s financial results.

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Transportation Technology: A Source Of Clarity For Supply Chains In Need

Article | April 15, 2020

Transportation has always been the cornerstone of the supply chain and arguably its most targeted area when something goes wrong with a shipment. Why is my package late? What is my load’s current location? What is the ETA for my order? These are the daily questions that come from warehouses, distribution centers, and their end consumers – and they’re being asked now more than ever. Answering these questions requires holistic visibility into your supply chain that can only be achieved with the right mix of transportation technology and data management.

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Spotlight

Transdata Handling

The company’s development in recent years is the result of meeting its goal for having a unique profile in project logistics and heavy lift inside the Brazilian and South America market.

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Freight

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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Freight

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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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.

Read More

Freight

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.

Read More

Freight

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.

Read More

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