Penske Logistics | October 01, 2020
Penske Logistics has released a new freight management buyer's guide to aid companies in improving their freight management capabilities. The complimentary publication will advise businesses towards making an important decision: Continue insourcing the management of their freight transportation, or whether to partially or fully outsource the function? Managing freight effectively can be a complex proposition. Armed with data, and with the proper use of technology, companies can better control their costs and increase their supply chain visibility. "Today, companies need solutions that can meet their freight management needs of both the present and the future," stated LeAnne Coulter, vice president of freight management at Penske Logistics. "Do you have the right data, technology and processes to scale effectively? Can your freight management infrastructure deliver reliability, cost control and visibility?"
Loadsmart | November 21, 2020
Loadsmart, a leading advanced cargo innovation organization, today reported the fruitful finish of its Series C fundraising. The $90 million round was driven by BlackRock, Inc's. oversaw reserves and included unmistakable vital speculators from the transportation space, for example, TFI International Inc., a North American pioneer in the transportation and logistics industry, and Maersk, the world's leading ocean carrier and a Loadsmart investor since Series A. The arrangement was co-driven by Chromo Invest, with support from Perry Capital, established by Richard C. Perry; and Bramalea Partners, as of late established by Andrew Boyd, previous head of worldwide value capital business sectors at Fidelity Investments. Goldman Sachs and Co. LLC filled in as Loadsmart's select position specialist. Paul Hastings served as legal adviser.
The funding round concretes Loadsmart's situation as an innovator in the advanced cargo space. Loadsmart's financially traditionalist technique is remarkable among computerized contenders and has took into account capital-effective, reasonable development. Rather than developing by sponsoring its clients' cargo spend, the organization centers around natural development driven by operational greatness combined with API integrations, building up the innovation to offer genuine benefit added administrations to its clients. Loadsmart has developed incomes 250% since January 2020 while improving help quality, expanding gross edges and keeping operational costs at 2019 levels.
TruckPay | February 12, 2021
In 2020, TruckPay introduced the first multi-currency, multi-lingual, and multi-metric fleet management logistics platform to serve the requirements of the aggregates, asphalt, scrap material, recycling, demolition, agricultural, and landfill industries. TruckPay is presently eager to declare that cryptocurrencies, for example, Bitcoin, Ethereum, and Stellar Lumens will actually want to be utilized to encourage payments on the two its TruckPay Fleet Management and MyTruckScales platforms.
Truck Pay's CEO and President, Barry Honig said, "Given the growing acceptance of cryptocurrency, with companies like Tesla preparing to accept Bitcoin as payment, we feel that it is time to allow users of our platforms to pay their subcontractors and independent owner-operators in a variety of cryptocurrencies, if they so choose." Benjamin Honig, TruckPay's CTO said, "I've been active in the crypto industry for the last 4 years and over that time, I have developed a deep knowledge of the space. I appreciate how cryptocurrencies can be used to help serve some of our underbanked drivers and contractor companies, especially ones in places like Latin-America and Africa, that have unstable fiat currencies."
TruckPay provides highly secure, mobile and cloud-based, paperless, enterprise truck fleet and scale management platforms. The powerhouse father-son team and company co-founders are Barry and Benjamin Honig. Barry is blind and brings many years of technology and business experience, eliminating paper tickets from trading in the financial services industry to automating logistics. Barry's son, Benjamin, is a two-time Apple WWDC Scholarship winner. Benjamin has a remarkable talent for creating very user-friendly apps.