SUPPLY CHAIN

EKA Logistics Capital Unlocks Financial Services for Supply Chain SMBs

EKA Solutions Inc | December 01, 2021

EKA Solutions Inc, the industry leading provider of cloud-based integrated freight management ecosystem for carriers, brokers, and shippers, today announced that it has formed a wholly owned subsidiary, EKA Logistics Capital LLC, to provide working capital financial services to carrier, broker, and shipper SMBs beginning January 2022.

"Given the rapidly growing freight volume processed through the EKA Omni-TMS™ Platform, it is timely for EKA to elevate and accelerate its contribution to empower SMB freight carriers, brokers and shippers to capture dual benefits - not only use the EKA Omni-TMS to digitally manage their freight management operations but also to digitally consume and manage working capital services," says JJ Singh, Founder and CEO for EKA Solutions, Inc. "The combination of EKA leadership teams' deep financial services experience and the best-in-class financial services platform enables EKA to deliver working capital solutions and services that further help SMBs compete with their much savvy competitors," added Singh.

Designed to tech-up carriers, brokers, and shippers for the future of business, EKA Omni-TMS™ platform is a native cloud-based SaaS TMS that has become the company's signature solution product and has earned EKA the prestigious FreightTech 100 award.

EKA's freight management and working capital solutions and services workflow processes have been optimally melded for highest seamless productive user experience and to accrue lowest customer lending costs. The result is a highly efficient and effective open loop automated receivables financing and payments digital platform for any carrier, broker, and shipper."

Mark Walker, President and CDO.

About EKA
EKA Solutions, Inc., provides a transformational cloud-based SaaS digital freight ecosystem management platform, dFEMX™, to manage all the customer's freight businesses and working capital services. As part of the dFEMX™ Offering, EKA provides the Smart, Unified Platform EKA Omni-TMS™ for - Virtually – Everyone. EKA Omni-TMS™ is designed to transform the transportation and logistics industry. It empowers small, medium, and large size broker, carrier, and shipper businesses to operate from quote-to-cash with affordable and best-in-class digital tools, enabling the higher performance demanded in tomorrow's supply chain. With real-time information, EKA Omni-TMS™ enables brokers, carriers, and shippers to provide visibility and transparency as they fluidly trade across an expanding and verified network with key, trusted partners.

Spotlight

Why do you need to optimise your warehouse? A lean and efficient business starts in your warehouse. Optimising your warehouse helps you provide your customers with a seamless service experience, reduce your operating expenses, increase your revenue and working capital. In today’s highly competitive, global market, you’re not only competing with local suppliers, but with huge global organisations making it even more important to ensure your warehouse is optimised to ensure you delight your customers each and every time they place an order with your organisation.

Spotlight

Why do you need to optimise your warehouse? A lean and efficient business starts in your warehouse. Optimising your warehouse helps you provide your customers with a seamless service experience, reduce your operating expenses, increase your revenue and working capital. In today’s highly competitive, global market, you’re not only competing with local suppliers, but with huge global organisations making it even more important to ensure your warehouse is optimised to ensure you delight your customers each and every time they place an order with your organisation.

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TRANSPORTATION

PCTEL Announces Its New CMTA Portfolio for Intelligent Transportation Systems

PCTEL, Inc | July 04, 2022

PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology solutions, announced its new 5G FR1, 10-in-1 combination antenna portfolio, the CMTA, for rail, fleet, and mass transit.The CMTA portfolio is designed to withstand the extreme conditions and hazardous environments of critical infrastructure, specifically in rail, where rugged and reliable solutions are essential. The CMTA portfolio enables the connectivity necessary for railroad networks to identify where vehicles are on the tracks, ensuring that hi-rail vehicles always stay within their designated track. Additionally, the CMTA portfolio can be used for industrial fleets and mass transit applications. “We understand that precision positioning and determination of exact location as well as 5G and WiFi capabilities are important for high-rail vehicles operations, which is why PCTEL designed and developed the CMTA, an ultra-rugged, low profile, multiband antenna portfolio with robust construction that complies with EN50155 and AAR railway standards, for maximum safety and durability, Developing high performance and reliable products for critical operations is what we are well known for. I am excited about the opportunities to come with this new antenna portfolio,” -Juan Verenzuela, PCTEL’s Vice President of Product Management & Strategy About PCTEL PCTEL is a leading global provider of wireless technology solutions, including purpose-built Industrial IoT devices, antenna systems, and test and measurement products. Trusted by our customers for over 25 years, we solve complex wireless challenges to help organizations stay connected, transform, and grow.

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LOGISTICS

ACERTUS Named NIADA's Preferred Vehicle Logistics Vendor

ACERTUS | June 22, 2022

ACERTUS, an omnichannel automotive logistics platform, was named the preferred vendor for vehicle logistics by the National Independent Automobile Dealers Association (NIADA). This new, strategic partnership brings ACERTUS' comprehensive technology to thousands of NIADA members nationwide – giving independent automobile dealers access to enhanced services to seamlessly move, store, recondition, title and home deliver vehicles to compete in today's market. Providing necessary technology to small and independent dealers is paramount to leveling the automotive retail playing field, allowing every auto dealer, no matter the size, to easily sell vehicles nationally and meet customers where they are without logistics or title and registration being a roadblock. The new dealermallUSA by NIADA provides association members access to a range of affiliated products and services supporting the needs of small and independent dealers, including ACERTUS' proprietary Transportation Management System (TMS), VINlocity. Through ACERTUS' platform, members can instantly connect to capacity of more than 7,400 carriers, 1,000 drivers, 66 hub and home delivery prep locations and title and registration processing capabilities in all 50 states, as well as get quotes, place and manage orders. "Automotive retail has a long tail of small and independent dealers critical to meeting the current unprecedented demand for inventory,Through this strategic partnership we can deliver technology to thousands of dealers, empowering and enabling them to expand the markets in which they can sell and acquire inventory, meet expectations for faster fulfillment and upshift the customer experience all on our logistics platform." -Trent Broberg, ACERTUS CEO The partnership kicks off during the 76th annual NIADA National Convention and Expo in Las Vegas, Nevada bringing together independent dealers to learn the latest strategies, best practices, and emerging trends from the industry's top minds, subject matter experts, and peers. Independent retailers are disproportionately feeling the effects of industry disruptions and inventory challenges,NIADA CEO Bob Voltmann said. NIADA members are calling for a solution to navigate these challenges and address the current gap between the independent dealers and the top 150 dealers and large digital retailers. ACERTUS provides a unique blend of technology, infrastructure and experience to empower our members to remain competitive. About ACERTUS ACERTUS has created the only completely comprehensive approach to automotive logistics with the ability to move, store, recondition, title and deliver vehicles anywhere in the country through one platform. With one company to handle the entire vehicle journey, this strategy dramatically improves efficiency and reliability for customers. Our people, process, innovative technology and relentless drive to deliver are just some of the reasons we made Inc. Magazine's list of the 5000 fastest-growing companies in the U.S. For more information, call 855-ACERTUS (855-223-7887) or visit ACERTUSdelivers.com. About NIADA The National Independent Automobile Dealers Association (NIADA) is among the nation's largest trade associations, representing the used motor vehicle industry comprised of some 40,000 licensed used car dealers. Since 1946, NIADA has represented the voice and interests of used car dealers at the federal level in Washington D.C. Coupled with its state association network across the country, NIADA's grass-roots framework provides a dual layer of advocacy unmatched in the used motor vehicle industry. For more than 75 years, NIADA has engineered programs and leveraged technology to fulfill its mission to advance, educate and promote the independent used car dealer. NIADA members subscribe to a strict Code of Ethics of duty, honor and integrity, and believe in the advancement of small business in support of the free-market system. More information about NIADA programs and educational opportunities is available at www.niada.com.

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TRANSPORTATION

FedEx and Aurora Expand Autonomous Commercial Linehaul Trucking Pilot in Texas Ahead of Schedule

Aurora Innovation, Inc. | May 19, 2022

Aurora Innovation, Inc. (NASDAQ: AUR) and FedEx Corp. (NYSE: FDX) announced the expansion of their pilot program to autonomously move FedEx shipments on an additional commercial lane in Texas. In March 2022, Aurora's next-generation autonomous trucks – based on the new Peterbilt 579 – began to transport FedEx shipments between Aurora’s new terminals in Fort Worth and El Paso. Aurora is making the 600-mile trip on a weekly basis with safety drivers on board and expects to increase the frequency of trips in the coming months. Aurora continues to move shipments for FedEx between Aurora’s South Dallas terminal and its new Houston terminal on a daily basis. Progress and momentum: FedEx and Aurora pilot snapshot Since the commercial pilot began in September 2021, Aurora’s deliveries of FedEx shipments between Dallas and Houston have been 100% on time. With each trip, the Aurora Driver (Aurora’s self-driving technology product) is providing thousands of FedEx customers with packages that were autonomously transported. Aurora moves trailers for FedEx during various weather conditions and all hours of the day and night, optimizing fleet utilization. Aurora completed daily hauls during the 2021 peak Holiday season, the busiest time of year for FedEx. To date, the companies have completed 60,000 miles with zero safety incidents. Aurora’s performance throughout this pilot demonstrates the value proposition autonomous trucking offers for transportation and logistics providers as the company works toward the commercial launch of its autonomous trucks. In light of the headwinds facing the logistics industry – ranging from increasing demand for the quick transportation of shipments to a challenging labor market – the Aurora Driver, when integrated into existing linehaul operations, has potential to provide a reliable, efficient linehaul solution to help address such industry concerns. Innovation is in our DNA – our culture drives us to think radically and differently, finding new ways to use technology to enhance safety, improve our operations, empower our team members and help our customers succeed,” said Rebecca Yeung, Corporate Vice President, Operations Science & Advanced Technology, FedEx Corporation. Aurora has been a like-minded collaborator, helping us learn from and grow our autonomous trucking solutions. We look forward to our continued work together as we test further integration of autonomous technology into our operations to build a collaborative, robust network of solutions to respond to growing customer demand. “Some time ago, I was asked why the general public should care about autonomous trucking. This is why. In six months of working with FedEx, we’ve safely, reliably, and efficiently transported packages for tens of thousands of FedEx customers, This lane expansion came ahead of schedule and we’re delighted to continue building the future of trucking with one of the country’s biggest and most important transportation companies.” -Sterling Anderson, Aurora Co-founder and Chief Product Officer. FedEx Corporation’s Rebecca Yeung and Aurora’s Sterling Anderson will also be speaking about how autonomous trucks can transform logistics and the movement of goods later today at TechCrunch Mobility Summit. About Aurora Aurora (Nasdaq: AUR) is delivering the benefits of self-driving technology safely, quickly, and broadly to make transportation safer, increasingly accessible, and more reliable and efficient than ever before. The Aurora Driver is a self-driving system designed to operate multiple vehicle types, from freight-hauling semi-trucks to ride-hailing passenger vehicles, and underpins Aurora Horizon and Aurora Connect, its driver-as-a-service products for trucking and ride-hailing. Aurora is partnered with industry leaders across the transportation ecosystem, including Toyota, FedEx, Volvo Trucks, PACCAR, Uber, Uber Freight, U.S. Xpress, Werner, and Covenant. To learn more, visit www.aurora.tech. About FedEx FedEx Corp. (NYSE: FDX) provides customers and businesses worldwide with a broad portfolio of transportation, e-commerce and business services. With annual revenue of $92 billion, the company offers integrated business solutions through operating companies competing collectively, operating collaboratively and innovating digitally under the respected FedEx brand. Consistently ranked among the world’s most admired and trusted employers, FedEx inspires its nearly 600,000 team members to remain focused on safety, the highest ethical and professional standards and the needs of their customers and communities. FedEx is committed to connecting people and possibilities around the world responsibly and resourcefully, with a goal to achieve carbon-neutral operations by 2040. To learn more, please visit about.fedex.com.

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