CTSI-Global

Transportation

nuVizz | August 31, 2021

nuVizz, a leading network-based last mile delivery & transportation management and customer experience SaaS platform, introduces Platform 2.0, which helps organizations tackle the most challenging transportation routing and scheduling issues. Leveraging AI and machine learning, Platform 2.0 builds on the nuVizz real-time transportation visibility technology to create an intelligent delivery ecosystem that helps clients deliver next level customer service. The company also celebrates its 10-y...

Wayfair | August 06, 2020

Wayfair dramatically reversed its trend of quarterly losses in the hundreds of millions in the second quarter when pandemic-driven online home spending ratcheted up the company's immense and admittedly underutilized logistics network, reported executives Wednesday. The company posted $274 million in net income in Q2 after losing $286 million in Q1 and more than $1 billion 2019.The e-tailer reported an 83% year-over-year increase in net revenue in Q2 while doubling the wholesale dollars...

Software and Technology

Innoviz | September 06, 2022

Innoviz Technologies (NASDAQ: INVZ), a leading provider of high-performance, automotive-grade LiDAR sensors and perception software, and its strategic partner HiRain Technologies, a leading Tier 1 solutions provider for the Chinese automotive market, today announced the deployment of InnovizOne LiDAR sensors at ports across China, including on HiRain's autonomous trucks and AGVs. The first deployment started in RiZhao port, with both parties planning to expand the project to additional ports...

Logistics

Neovia Logistics | November 02, 2022

Neovia Logistics, a global supplier of logistics services, announced the successful completion of its comprehensive business recapitalization and significant deleveraging of the company’s balance sheet.With the recapitalization complete, Neovia reduced its debt by approximately $420 million and received approximately $60 million of combined cash infusion and future commitment to support attractive growth opportunities from an investor group led by funds managed by Oaktree Capital Managemen...