Project44, ClearMetal | May 31, 2021
Today project44 announced that it would acquire San Francisco-based ClearMetal, a market leader in international supply chain visibility and predictive analytics for enterprises. ClearMetal’s patented artificial intelligence (AI) enables organizations to optimize their supply chains and provides customers with easy access to trusted, live information about their orders and shipments. project44’s acquisition of ClearMetal is that the latest growth milestone preceded by building on tremendous 135% YoY growth, crossing the $50M ARR mark, and being named a leader in the latest Gartner Magic Quadrant. This acquisition places project44 on the cutting edge of logistics AI, enabling customers to enhance agility and resiliency across their global and multi-modal supply chains.
“Project44 has the broadest and deepest visibility network in the world, across all transportation modes,” said Jett McCandless, Founder & CEO, project44. “With the addition of ClearMetal’s advanced AI technology and data science team, we’re building on a strong foundation and extending capabilities to deliver more accurate, predictable ETAs and visibility into customer orders and inventory in transit.”
Over the past 18 months, global supply chains have seen unprecedented levels of disruption. These disruptions have created even more urgency for advanced technology to accurately analyze and track orders and shipments across all transportation modes to provide customers with the delivery experience they expect. Combined with project44’s leading multi-modal, global network, ClearMetal delivers customers with far more granular and deeper visibility earlier on in the lifecycle of predicting and acting on supply chain disruptions before they occur. This new functionality includes inventory visibility for shippers and direct integrations with freight forwarders and ocean carriers. As a result, customers can leverage the most accurate end-to-end ETA across all transportation modes, available uniquely from project44.
The combined platform will deliver value to customers and supply chain partners by:
• Deepening AI-based business and market analytics capabilities that translate into intelligent cost savings in the form of reduced buffer stock (15% reduction) and inventory optimization (10-20% reduction)
• Improving demand forecasting and distribution capabilities, providing order and inventory level visibility across shipments, resulting in expedited fee reductions (25-30%)
• Expanding global upstream supplier visibility - particularly into Asia, where manufacturers and freight forwarders play a critical role in the worldwide supply chain
“Now, joined with project44, there’s no question this is the industry’s #1 platform, and our combined team, capabilities, and execution deliver remarkable digital transformation for supply chains and the people who rely on them,” said Adam Compain, Founder & CEO of ClearMetal. “ClearMetal’s focus on global manufacturing companies with best-in-class supply chains such as Unilever, Georgia-Pacific, Lenzing, and BAT has helped us crack the code on providing upstream international supplier visibility from APAC and LATAM to North America, which is particularly critical given today’s issues with ocean freight. We’re delighted to be part of the project44 team.”
ClearMetal recently partnered with Unilever to build and launch its Virtual Ocean control tower. Michelle Grose, Unilever’s Head of Logistics and Fulfilment, said, “We’re transforming our technology backbone to create a highly agile, responsive, and end-to-end connected supply chain. This innovation is one piece of that puzzle. It (the control tower) gives us real-time visibility of each step in the process, so we can plan better and respond quicker and, importantly, predict and proactively deal with issues.” Read the blog post here.
“With our interaction with ClearMetal, we have tangible examples of where we applied then deployed this technology to our customers. They have been extremely engaged and collaborative, wanting to understand what our customer’s pain points were,” said the VP of Supply Chain and Customer Experience at Georgia-Pacific. Watch the video here.
Earlier in 2021, project44 was named a Gartner Magic Quadrant Leader, and Gartner recognized ClearMetal as one of the four vendors in the 2021 Gartner “International Visibility Business Process Context: ‘Magic Quadrant for Real-Time Transportation Visibility Platforms’” report.
ClearMetal, Inc., based in San Francisco, CA (USA), is a leader in the Continuous Delivery Experience (CDX), enabling supply chain organizations to optimize logistics and provide their customers with easy access to trusted, live information about their shipments. The ClearMetal CDX Platform uses proprietary machine learning algorithms to break free from static-visibility paradigms and make sense of supply chain data. ClearMetal was founded by top software engineers, data scientists, and operations researchers from Stanford University, Google, and Silicon Valley and is funded by Eclipse Ventures, Prelude Ventures, Innovation Endeavors, NEA, SAP.io, Prologis, PSA Unboxed, DCLI, Munich Re Ventures, BTomorrow Ventures, and the founders of GT Nexus, Navis, and Uber Freight.
project44 solves some of the world’s most critical logistics challenges by connecting, automating, collaborating, and providing real-time visibility into global transportation processes. With project44’s cloud-based platform, organizations can increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional, Amazon-like experience to their customers. project44 supports all transportation modes and shipping types, including air, parcel, final-mile, less-than-truckload, volume less-than-truckload, groupage, truckload, rail, intermodal, and ocean.
FreightHub, RC Control | June 04, 2021
Hudson Capital Inc. announced that FreightHub, Inc. a North American transportation logistics technology platform company focused on US-Mexico cross-border shipping with which Hudson Capital has signed a definitive Merger Agreement, is collaborating with RC Control to help alleviate one of the biggest challenges with US-Mexico cross border freight: seamless visibility.
“The Fr8Hub Mobile App provides 24/7 visibility to our users and RC Control’s integration complements our mobile app to help give customers increased confidence that they will be able to have the same experience tracking their freight on either side of the US-Mexico border,” stated Javier Selgas, CEO of Fr8Hub. “Now our carriers, both in the US and Mexico, have multiple options for tracking, which ensures both visibility and time management. This is something that carriers have needed for years and we are glad that we can be the solution to their needs.”
Fr8Hub provides solutions through collaborations such as the one with RC Control for those times carriers can’t access the mobile app, whether it be low battery or connectivity issues. Fr8Hub plans to introduce many additional exciting technology and service enhancements before the end of 2021 that will be both carrier- and customer-focused.
About RC Control
RC Control was founded in 1997 with the idea of increasing security in the logistics and transportation industry. Based in Mexico, RC Control also has offices in Colombia, Costa Rica, Guatemala and the United States. RC Control helps reduce the percentage of risk and help companies make the best decisions regarding the hiring of their personnel and security within the logistics chain.
About FreightHub, Inc.
FreightHub, Inc. (Fr8Hub) makes shipping simple, transparent, and efficient. A transportation logistics platform company, Fr8Hub focuses on truckload freight for domestic and cross-border markets in Mexico, the US and Canada. As an innovative digital freight marketplace, broker, transportation management system (TMS) and public API, Fr8Hub uses its proprietary technology platform to connect carriers and shippers that significantly improves matching and operation efficiency via innovative technologies such as live pricing and real-time tracking.
About Hudson Capital Inc.
Incorporated in 2014, Hudson Capital Inc. (formerly known as China Internet Nationwide Financial Services Inc. commenced its business by providing financial advisory services to small and medium size companies. The traditional business segments include commercial payment advisory, intermediary bank loan advisory and international corporate financing advisory services which help clients to meet their commercial payment and investment needs.
Box Equities | November 11, 2021
Box Equities, a real estate investment group focused on the consumer goods industrial sector, today announced that it has entered into a joint venture agreement with Artemis Real Estate Partners, a Washington, DC – based private equity firm. Artemis has raised approximately $6 billion of capital across core, core plus, value-add and opportunistic strategies. The firm makes equity and debt investments in real estate across the United States.
Box Equities further announced the acquisition of a 500,000-square-foot warehouse in Kings Mountain, North Carolina with a single tenant, Hanesbrands. This brings the ten-month-old New York-based Box Equities’ portfolio of industrial real estate to more than 2.3 million square feet.
The new acquisition exemplifies Box Equities’ approach to real estate, which includes buying commercial properties in markets with loyal labor pools. The company also works closely with local economic development authorities to create jobs and generate investment opportunities in markets throughout the country. With this approach, Box Equities is responding to the acute demand for distribution and fulfillment centers that’s arisen as a result of the Covid-19 pandemic and the labor shortage exacerbated by the health crisis.
We very much value the Box team’s deep retail experience and relationships which give the partnership differentiated advantages. Box Equities has an innate understanding of the interaction between retailers and logistics, which gives our venture unique expertise to identify new opportunities.”
Mike Vu, Principal at Artemis.
The pandemic-forced closures of manufacturing facilities combined with unprecedented demand has led to a major disruption in the global logistics industry. Warehouse space and a reliable labor force have become increasingly more valuable as ecommerce continues to skyrocket.
“The current supply chain disruptions that we are seeing will continue into the foreseeable future,” said Haim Dabah, chairman of Box Equities. “Retailers and manufacturers today need a reliable and efficient labor force to move the products to consumers. By investing in areas with loyal labor pools, we are mitigating many of the problems that the logistics industry is currently experiencing.”
Mac Dabah, Managing Director of Box Equities, added, “We are very excited about our new partnership with Artemis and the wealth of knowledge, relationships, and resources they provide. As the supply chain crisis forces retailers and wholesalers to take a fresh look at facilities, locations, and labor availability, we are seeing many new opportunities which will accelerate the growth of this joint venture.”
Marc Belsky of Marc Belsky Ltd., who brokered the partnership, said, “I am pleased to have arranged this equity relationship between Artemis and Box. This very strategic partnership joins the $6 billion-dollar private equity fund with a team whose relationships extend directly into the C-suite of many Fortune 500 retailers. This partnership will provide Artemis and Box with the ability to quickly capitalize on market and tenant demand, as well as leasing insight not available to others.”
Box Equities’ four cofounders include retail and real estate veterans Haim Dabah, Mac Dabah, Ori Schwartz, and Michael Dabah. Their combined expertise at the intersection of retail, logistics and real estate uniquely positions Box Equities to help retailers unlock liquidity and enhance their balance sheets in a variety of ways, including through creative leasing solutions.
About Box Equities
Box Equities helps retailers rationalize their real estate to improve liquidity and profitability. Chairman Haim Dabah, a 40-year retail veteran, has extensive experience building and marketing digitally native brands. Dabah in 2007 sold Regatta to the then $20B Hong Kong-based global supply chain conglomerate Li & Fung. His son, Mac Dabah, cofounder and managing director of Box Equities, is an experienced commercial real estate investor with extensive logistics experience. Ori Schwartz, cofounder and director of acquisitions, is a seasoned real estate investment manager with a deep understanding of the e-commerce landscape, and general counsel Michael Dabah brings a strong grasp of the retail and real estate industries and a creative approach to complex commercial transactions.