Savage | July 18, 2022
Transportation Infrastructure Partners, a joint venture between Ridgewood Infrastructure, LLC and Savage, announced the acquisition of Worldwide Terminals Fernandina, LLC (Fernandina), the manager and operator for the Port of Fernandina, Florida.
The Port of Fernandina, northeast of Jacksonville, FL, is a strategic intermodal terminal handling essential bulk, breakbulk, and containerized cargo. The port provides mission-critical transport, logistics management, and product handling services to a diverse customer base.
Ridgewood Infrastructure, a leading infrastructure investor in the U.S., and Savage, a global transportation and materials handling company, established Transportation Infrastructure Partners to jointly acquire and operate essential transportation and logistics infrastructure throughout the United States. Fernandina is Transportation Infrastructure Partners' second acquisition, complementing the joint venture’s successful Carolina Marine Terminal operations in Wilmington, North Carolina. For more information about the Port of Fernandina, visit: www.portoffernandina.org.
Fernandina’s deep-water port, storage facilities, and access to major rail and highway routes form the backbone of an essential infrastructure business,Under Transportation Infrastructure Partners’ leadership, we see significant opportunities to expand and enhance Fernandina’s operations.
Kirk Aubry, President and Chief Executive Officer of Savage, said: "Fernandina is a great addition to our joint-venture portfolio and strengthens the Savage network of nearly 50 ports and terminals. We’ll continue to focus on enhancing the Port’s well-deserved reputation for delivering critical supply chain services for current and future Customers.”
-Ryan Stewart, Partner of Ridgewood Infrastructure.
About Transportation Infrastructure Partners
Transportation Infrastructure Partners is a joint venture between Ridgewood Infrastructure and Savage, focused on acquiring and operating critical transportation and logistics infrastructure throughout the United States. Savage is the operator of investments made by the joint venture.
About Ridgewood Infrastructure
Ridgewood Infrastructure is a leading investor in essential infrastructure in the U.S. lower middle market. It is part of the affiliated Ridgewood Companies, a leading real asset investment manager with approximately $5 billion in total capital and commitments. For more information, visit www.ridgewoodinfrastructure.com.
In business for 76 years, Savage is a privately held, global provider of industry infrastructure and supply chain services, with approximately 4,000 Team Members in over 200 locations. Our Customers and Partners count on us to safely and sustainably move and manage what is essential to their business. We enable our Customers and Partners to Feed the World, Power Our Lives, and Sustain the Planet. For more information, visit www.savageservices.com/savage-companies.
WeatherOptics | May 13, 2022
WeatherOptics, a leading weather intelligence platform and Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce announced that the combination of their solutions has the ability to provide freight brokers and third-party logistics providers (3PLs) with greater visibility and management of transportation risk.
The combined solution of Descartes MacroPoint™ Capacity Network and WeatherOptics Impact Scores gives freight brokers and 3PLs access to granular weather impact insights, designed specifically for transportation management operations. By integrating WeatherOptics’ wide variety of weather-related risk scores into the Descartes solution, including road conditions and overall business disruption, organizations can identify which loads and lanes are at risk of disruption up to seven days in advance.
“WeatherOptics risk scores are unique because they produce a realistic weather impact signal for freight. Rather than wrestling with raw weather data, our software has already done the work for you, We’re excited to work with Descartes because our joint solution will now let freight brokers and 3PLs know when they need to pay closer attention to a certain load or lane based on predictive weather.”
-WeatherOptics CEO and co-founder Scott Pecoriello.
WeatherOptics reduces weather impact data down to a simple risk score or delay time that allows businesses to easily understand how upcoming weather will affect their key operations. The company works with some of the largest shippers and supply chain software companies in North America to help predict and mitigate issues like trucking delays, warehouse disruptions, and changes in consumer demand.
The Descartes MacroPoint Capacity Network allows freight brokers and 3PLs to access over 320,000 carriers and their assets on more than 1 million truckload transportation lanes in North America. By using machine learning to match potential carriers in near real-time to open loads, the solution helps freight brokers and 3PLs to better rank carrier matches. They can send load offers to carriers either manually or automatically via configurable business rules that can incorporate considerations such as market indicators, pricing and company preference notifications. Through this use of intelligent automation, freight brokers and 3PLs have achieved on average 15 times more loads matched than processed manually.
“With the right capacity data and a better understanding of the impact of weather, freight brokers and 3PLs can take on loads with more confidence, The combined solution offers an enhanced level of supply chain visibility that helps to mitigate the risk of potential delays on the efficient movement of customers’ goods.”
-Dan Cicerchi, General Manager Transportation Management at Descartes
Visit Descartes MacroPoint to learn more about solutions for freight visibility and capacity matching
Visit WeatherOptics to learn more about the company’s solutions for supply chain management, emergency management, power & utilities, finance, and more.
Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.
WeatherOptics is a leader in the weather intelligence space, providing companies with insights and forecasts that eliminate guesswork and improve visibility of key business operations. Our proprietary software combines predictive weather modeling with industry-specific data and translates weather impact down to a simple risk score or delay time. Founded in 2019 and with data available globally, WeatherOptics helps some of the world's largest businesses navigate safely and efficiently in spite of the weather. Learn more at www.weatheroptics.co.
Uber Freight | June 09, 2022
Uber Freight and Waymo Via announced a long-term strategic cooperation today to connect their technology and scale the deployment of autonomous vehicles on the Uber Freight network. This partnership brings together Waymo's technology for self-driving cars with Uber Freight's network and top marketplace technologies to create a plan for putting smart and safe self-driving trucks on U.S. highways.
This deal is a significant step forward since it includes a deep product integration and a long-term collaboration plan that includes developing the tools and infrastructure required for Uber Freight's shipper and carrier customers to successfully deploy autonomous trucks. Carriers who purchase Waymo Driver-equipped trucks in the future will be able to join Uber Freight's marketplace via user-friendly apps that will let them effortlessly deploy their autonomous assets across the Uber Freight network.
These apps will simplify onboarding, load booking and execution, trailer transfers, and payment, while also enabling a hybrid network ecology in which human drivers and autonomous trucks may work together seamlessly to convey freight. Both firms envision a future in which autonomous trucks handle long-haul driving, alleviating some of the stress of rising freight demand while also allowing drivers to change to shorter-haul occupations that improve their quality of life. The firms will also investigate how the transfer hub model may work with Uber Freight's universal trailer pool program, Powerloop, for smooth and quick transfers between AV trucks and human drivers, streamlining operations between the first, middle, and final mile.
Waymo Via aims to reserve billions of miles of its goods-only capacity for the Uber Freight network as part of the long-term arrangement. Because of the size and scope of this partnership, Uber Freight and Transplace will be able to seamlessly integrate autonomy into shipper networks and advise shippers on how to best adjust their supply-chain strategies for a hybrid network future, in which autonomously driven trucks and human-driven trucks work together to move freight more efficiently and safely. Uber Freight is also in a unique position to combine shipments from its $17 billion in freight under management to maximize the use of autonomous and human-driven trucks, as well as to continuously optimize routes once the technology is deployed, saving shippers money, and improving service and reliability.
“Uber Freight’s extensive, efficient, and reliable digital network is essential to making autonomous trucks a reality. We are uniquely positioned to be the preferred network for autonomous trucks, with the scale and the marketplace expertise to deploy autonomous trucks in a way that benefits the entire industry. This partnership is an exciting leap forward and we are proud to work alongside the amazing team at Waymo Via to pioneer a hybrid freight network that truly empowers carriers and will ring in a new era of logistics.”
-Lior Ron, Head of Uber Freight