TRANSPORTATION
Descartes | January 24, 2023
On January 23, 2023, Descartes Systems Group, which provides solutions for logistics-intensive businesses, announced that Topps Tiles, a UK-based tile retailer, is using Descartes' cloud-based route optimization and planning solution to boost fleet delivery capabilities. Topps Tiles is reducing the average kilometers driven per delivery route by 2% through its collaboration with Descartes. The solution also helps Topps Tiles identify the potential impact of delivery strategy changes.
Descartes' route planning and optimization solution is an aspect of its Routing, Mobile, and Telematics suite. It assists in lowering costs with more efficient and agile routing, enhancing fleet resource management by generating increased delivery capacity, and growing sustainability by reducing their CO2 footprint and paper use across the route network.
Companies can use strategic route modeling to understand and refine their customer service and delivery strategies before implementing them. Descartes' mobile application aids drivers in completing their daily routes, keeps managers informed of progress, and provides an accurate estimated time of arrival (ETA) to alert customers of their deliveries. In addition, real-time mobile communication allows proof of delivery (POD) functionality support that facilitates excellent customer service and order accuracy.
Pól Sweeney, VP of Fleet Sales in Europe at Descartes, said, "Topps Tiles' long-term success is based upon its ability to continually provide customers with a superior shopping experience while offering cost competitive pricing." He added, "We're delighted to help Topps Tiles minimize its operational costs today through our route planning and optimisation solution and in the future with our strategic route modelling capabilities."
(Source – GlobeNewswire)
About Descartes Systems Group
Based in Waterloo (Ontario), Descartes offers software-as-a-service solutions that improve the productivity, security, and performance of logistics-intensive businesses. Customers work with one of the world's largest, collaborative multimodal logistics community to carry out various tasks, including routing, scheduling, tracking, and measuring delivery resources; planning, allocating, and executing shipments; rating, auditing, and paying transportation invoices; and completing many other logistics processes. As a result, the company helps safely and securely get assets, information, inventory, and people where and when needed.
Read More
PROCUREMENT AND SOURCING,TRANSPORTATION
Ritchie Bros. | January 16, 2023
Ritchie Bros. announced the purchase of a controlling stake in VeriTread, a market leader in transportation technology and services.
This purchase will advance the marketplace strategy of Ritchie Bros., which integrates services, data, and transaction solutions to enhance the entire customer experience. VeriTread was established in 2013, bringing a legacy of expertise in constructing heavy-haul transportation platforms and solutions for industrial equipment, cars, and other assets.
Ritchie Bros. CEO, Ann Fandozzi, said, "VeriTread adds to our suite of services supporting the needs of equipment owners throughout the equipment lifecycle. At the same time, it also helps create a more efficient global marketplace by integrating transportation solutions directly into our new marketplace technology."
VeriTread is designed to be an effective and dependable solution for open deck transport, connecting shippers and service providers via a simple and robust system. The company's solutions include a marketplace for listing and pricing shipments, an in-house brokerage to manage complicated and urgent freight deliveries, complete equipment specs and unique freight estimator tools, and much more.
Founder, President & CEO of VeriTread, Jeff Cox, said, "VeriTread is thrilled to become a bigger part of the Ritchie Bros. marketplace, helping customers and the company transport equipment more efficiently." He also stated, "Together we are focused on delivering an extraordinary customer experience, with trustworthy and reliable transportation for heavy equipment, vehicles, and other industrial assets. We are nimble, flexible, and can't wait to get started!"
Source – Cision PR Newswire
Earlier, Ritchie Bros. owned 11% of VeriTread. With this purchase, it has increased its stake to 75%.
About Ritchie Bros.
Ritchie Bros., founded in 1958, is a worldwide asset management and disposal firm that provides clients with end-to-end solutions for purchasing and selling trucks, old heavy equipment, and other assets. It operates in various industries, such as transportation, construction, agriculture, oil and gas, mining, energy, and forestry. The firm's selling channels include - Ritchie Bros. Auctioneers, the world's largest industrial auctioneer, which offers live auctions with online bidding, and IronPlanet, an online marketplace with once-a-week featured auctions that provide exclusive IronClad Assurance® equipment condition certification.
Read More
SUPPLY CHAIN, TRANSPORTATION
VSE Corporation | January 25, 2023
Leading aftermarket distribution and maintenance, repair and overhaul (MRO) services provider, VSE Corporation, yesterday announced its all-new e-commerce fulfillment and distribution center in greater Memphis, Tennessee area. The company serves government and commercial markets with MRO services for air, sea and land transportation assets.
VSE’s new state-of-the-art center is spread over 450,000 sq.ft., double the size the current warehouse for its fleet segment. This new center provides VSE’s Wheeler Fleet Solutions segment with the additional capacity to meet the growing demand for aftermarket products for its commercial and e-commerce fleet customers.
VSE’s new fulfillment center is to support faster, same-day deliveries including order-to-delivery. This allows for additional shipping options, while ensuring the best level of services for the company’s aftermarket parts distribution portfolio. The new center harnesses a warehouse management system (WMS) and automation to increase productivity and capacity while maintaining order and delivery accuracy. The center can stock more than 175,000 SKUs when operating at full capacity.
John Cuomo, President and CEO of VSE Corporation, said, “The addition of our new distribution center is an important strategic milestone for our Wheeler Fleet Solutions subsidiary, one of the leading fleet-focused parts and services companies serving heavy, medium and light duty vehicles in the United States.” He further added, “During the last four years, our commercial fleet sales have grown from approximately 10% to 40% of Fleet Segment revenue, driven by share gains across both commercial fleet and e-commerce fulfillment channels. Looking ahead, we anticipate this distribution center will contribute more than $50 million in new, incremental sales to our Fleet segment in 2023.”
(Source – Business Wire)
About VSE Corporation
VSE is a customized solution provider to support mission-critical platforms for commercial and government aircraft, ships and vehicles. The company is registered as a professional services and supply chain management firm primarily offering its services to Fleet Management Services, Federal & Defense Services, and Aerospace Distribution & Repair. It provides technical and engineering services to operators and owners of equipment and transportation assets, large, mission-critical fleets of aircrafts, vehicles and ships.
Read More