Logistics

TRAC INTERMODAL TEAMS WITH ZEBOX TO TRANSFORM TRANSPORTATION AND LOGISTICS

TRAC_INTERMODAL_TEAMS
TRAC Intermodal, the largest marine chassis provider in the United States, today announced its new partnership with ZEBOX, the international accelerator and innovation hub for the supply chain, logistics, and Industry 4.0 spaces. Committed to fostering talent and supporting technological innovation, ZEBOX's mission is forging connections between disruptive startups and established industry leaders accelerating sustainable innovation to transform the global supply chain. Working together, TRAC and ZEBOX will create opportunities for high-impact innovation and accelerate the digital transformation of global supply chains.

Created in 2018 by Rodolphe Saade, Chairman and CEO of the CMA CGM group, a world leader in shipping and logistics, the ZEBOX network supports startups throughout their development by helping them to rapidly scale and gain exposure in the international community. The industry-leading companies that comprise the ZEBOX network similarly gain important opportunities to collaborate and benefit from the innovations developed by startups in their respective sectors.

At ZEBOX, we strongly believe in the power of collaborations between large companies and startups. That's why it's so important to us to build close relationships with corporate partners who are leaders in their field, TRAC has been a pioneer in providing intermodal solutions for nearly half a century. Their leadership, insights, and guidance will add great value not only for startups, but also for the core members of our international network."

Charley Dehoney, Vice-President of ZEBOX America.

Since our founding, TRAC has set the standard for quality, reliability and innovation in intermodal transportation, Our partnership with ZEBOX provides an invaluable opportunity to help chart the future for our industry and meet supply chain challenges head-on by tapping into some of the brightest young minds, innovative engineering designs, and breakthrough technologies coming out of the startup community."

Daniel Walsh, President and CEO at TRAC Intermodal.

Launched in Marseille, France, ZEBOX now also operates innovation hubs in the Caribbean area, in Guadeloupe, and in Arlington, Va., at National Landing, the first 5G smart city at scale in the United States and a prime environment for startups on the cutting edge of robotics, augmented reality, artificial intelligence, and autonomous mobility. More locations will be soon announced. 55 startups have already been supported by ZEBOX, and the first call for applications dedicated to ZEBOX AMERICA has just been launched.

About ZEBOX
ZEBOX is a global incubator and accelerator dedicated to fostering innovation by forging compelling collaborations between early-stage startups and corporate stakeholders. Created in 2018 by Rodolphe Saadé, Chairman and CEO of CMA CGM Group, a world leader in shipping and logistics, ZEBOX enables the supply chain of the future by focusing on two key segments: Transportation/logistics and Industry 4.0. ZEBOX accelerates digitalization, automation, and sustainability by harnessing new technologies including AI, IoT, Big Data, and robotics.

Led by Massimo Magnifico, an expert in startup incubator management, ZEBOX is building a diverse ecosystem bringing together stakeholders including corporate partners, entrepreneurs, early-stage startups, and a wide range of professional services providers.

Launched in February 2021, ZEBOX AMERICA is led by Charley Dehoney, a veteran entrepreneur and recognized transportation, supply chain, and logistics technology expert.

Spotlight

Spotlight

Related News

Supply Chain

J.B. Hunt to Acquire Brokerage Assets of BNSF Logistics for Expansion

J.B. Hunt | September 22, 2023

J.B. Hunt to acquire BNSF Logistics' brokerage operations, expanding its logistics capabilities. The acquisition builds on a 30-year partnership between J.B. Hunt and BNSF Railway. Brad Hicks, EVP of J.B. Hunt, highlights the value proposition for customers and growth opportunities. J.B. Hunt Transport Services, North America's supply chain solutions provider, has significantly expanded its capabilities. In collaboration with Burlington Northern Santa Fe, LLC, the company is making waves in the industry with the announcement of a definitive agreement. This agreement paves the way for the subsidiary, J.B. Hunt Transport, Inc., to acquire the brokerage operations of BNSF Logistics, LLC, a notable affiliate of BNSF Railway Company renowned for its comprehensive third-party logistics services, covering a wide spectrum, from full truckload and flatbed to temperature-controlled, drayage, expedited, and less-than-truckload services. Katie Farmer, CEO and President of BNSF Railway, mentioned, This agreement with J.B. Hunt reflects companies’ shared commitment to provide industry-leading intermodal service to the customers. This continues more than 30 years of partnership between BNSF and J.B. Hunt and builds on our announcement to further integrate our joint services. [Source – Business Wire] Additionally, BNSF Logistics also offers additional services such as warehousing, retail specialty, heavy-haul, and project services; however, these services are not part of the current transaction. This strategic move underscores J.B. Hunt's commitment to strengthening its logistics and supply chain position, enhancing its service offerings, and ultimately delivering greater value to its customers. Executive Vice President of People and President of Highway Services at J.B. Hunt, Brad Hicks, expressed that BNSF Logistics has demonstrated impressive customer service across various customer sizes. He highlighted that this acquisition, combined with their outstanding intermodal and J.B. Hunt 360box power-only service offering, will create a compelling value proposition for customers, foster growth opportunities for J.B. Hunt, and enhance service capabilities for BNSF Logistics' employee and agent model. In 1989, J.B. Hunt and BNSF Railway reshaped transportation with an innovative double-stack shipping solution, a pioneering concept that seamlessly combined rail and trucking services. In March 2022, these industry leaders initiated a collaborative effort to increase the intermodal sector's capacity significantly. This ongoing partnership builds upon a longstanding business relationship and shared strategic vision focused on delivering efficient, value-driven solutions to customers within the North American supply chain. As the transaction concludes, the brokerage operations of BNSF Logistics will become integrated into J.B. Hunt's integrated capacity solutions for segment reporting purposes. The acquisition will be financed using J.B. Hunt's existing cash balance and is on track to be finalized by the end of the year. It's important to note that BNSF Logistics currently offers value-added 3PL services for BNSF Railway. Upon the transaction's completion, a long-term service agreement will be established between BNSF Railway and J.B. Hunt, ensuring the continued provision of these vital services by J.B. Hunt for BNSF Railway. This strategic alignment is set to bolster operational efficiency, elevate service quality, and further solidify the commitment of both entities to the North American supply chain.

Read More

Supply Chain

Supply Chains Turn to Technology to Navigate Economic Volatility and Battle for Talent

Penske Logistics | October 06, 2023

The 28th Annual Third-Party Logistics Study, created by supply chain professor and researcher Dr. C. John Langley of Penn State University, along with NTT DATA and Penske Logistics, examined how supply chains are navigating today's challenges through the adoption of data-driven approaches and emerging technologies. The 2024 publication was presented at this year's Council of Supply Chain Management Professionals (CSCMP) EDGE conference in Kissimmee, Florida. The study surveyed third-party logistics (3PL) providers and users of 3PL services to understand the current state of 3PLs, how 3PL relationships are evolving, the increasing flow of data and the growing importance of automation. This year's report offers updated insights on navigating the talent crisis and economic volatility, the untapped potential of reverse logistics, the continued growth of the cold chain, the slowdown of online shopping and consumers' shifting expectations. The key findings are: 3PL-Shipper Relationships Continue to Strengthen: Shippers are more satisfied with their 3PLs in the most recent study. Shippers conveyed their positivity at a 95% response rate, up 12% from last year. However, there was an increase in the number of shippers that noted that they were either reducing or consolidating their 3PLs (78% this year vs. 71% last year). Battle for Talent is Increasing: 78% of shippers and 40% of 3PLs said labor challenges have impacted their service level agreements. The hardest positions to fill are for hourly workers, such as pickers and packers, and licensed hourly workers, such as truck drivers and equipment operators. 3PLs and shippers said they are adopting technology and automation to increase efficiency, make work safer and attract employees. Data, Analytics and Intelligence is Driving Supply Chain Optimization: The amount of data flowing between shippers and 3PLs continues to grow. Almost half of shippers and 3PLs identified the need and have plans toward automating supply chain planning decisions, and 25% of shippers and 27% of 3PLs said they have already started to automate low-risk decisions. Shippers see the greatest value in supply planning (65%), demand forecasting (61%) and inventory management (61%). 3PLs noted that they valued route optimization the most (61%), followed by inventory management (55%) and freight invoicing and billing (54%). Emerging Technology is Vital to Future Growth: It is agreed that emerging technology adoption is vital to the future growth of supply chains (87% of shippers and 94% of 3PLs). The top areas of interest are advanced predictive analytics, wearables and mobile technology, consolidated e-commerce platforms and warehouse automation and robotics. Improving Supply Chain Resiliency is a Priority for Shippers and 3PLs: Shippers and 3PLs are actively working to balance the need for resiliency with inventory levels, sourcing and cost. Information is aiding supply chains via data-driven decisions that allow for contingency planning and network optimization. Direct-to-consumer online sales have started to slow down, with shippers and logistics providers working to meet the ever-evolving needs of the consumer. Dr. Langley's research continues to capture and measure this evolving industry and document the transformation of the third-party logistics sector as new challenges and opportunities emerge. The 2024 study and past versions are available for download at www.3PLStudy.com. "The 3PL sector continues to face a number of externalities, and providers of logistics services are focused on improving logistics effectiveness and reducing overall supply chain costs," Dr. Langley said. "3PLs and their customers are leveraging their relationships along with technology, data, analytics and supply chain talent to increase agility and enhance success." "The 2024 3PL Study does an excellent job of untangling the complexities of today's supply chain and providing nuanced understandings of its underpinnings," shared Andy Moses, senior vice president, sales and solutions, Penske Logistics. "There are many needs that shippers have in the current environment and third-party logistics providers are in prime position to stabilize and adapt as needed." "Now in its 28th year, the 3PL Study continues to be a great benchmark of the supply chain trends as well as changes and emerging trends in the shipper & 3PL/4PL relationship," added Irv Grossman, senior vice president, NTT DATA Supply Chain Consulting (formerly Chainalytics). "The insights shared throughout will help both providers and shippers be more effective in today's supply chain environment." Penske Logistics is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. The company is a leading provider of innovative supply chain and logistics solutions. Penske offers solutions including dedicated transportation, distribution center management, lead logistics, freight management, transportation management, freight brokerage, and a comprehensive array of technologies to keep the world moving forward.

Read More

Supply Chain

Uber Freight doubles down on enterprise technology, unveils next generation product roadmap with AI-powered logistics

Uber Freight | September 29, 2023

Today, during the company's annual customer conference that hosts nearly 300 of the world's largest shippers, Uber Freight announced the most comprehensive evolution of its logistics technologies designed to power the global movement of goods. The news comes nearly two years after the $2.25B acquisition of the market's largest transportation management company Transplace, which partners directly with shippers to manage their logistics networks. Now, with $18B freight under management, the company is releasing for the first time a next generation of products that infuse Uber's advanced technology development capabilities, including AI-powered software. The strategic expansion of the business enabled Uber Freight to build a new kind of logistics company, one uniquely able to offer the kinds of comprehensive, end-to-end enterprise applications and services for the industry in an increasingly complex logistics landscape. "The past couple of years have been transformative for our business, driving significant amounts of resources into delivering the next generation of technologies designed to power the global movement of goods," said Lior Ron, Founder and CEO of Uber Freight. "The focus on developing new enterprise solutions underpins our commitment to our strategic customer base and the industry at large as we drive to be the most comprehensive partner to advance logistics networks." Uber Freight has made a deep investment in technology, with $120M invested since the acquisition that is focused heavily on scaling enterprise applications that span logistics software solutions, generative AI and data-enabled insights tools, as well as innovative capacity and mode expansions. Reimagining logistics management with advanced software Uber Freight is rolling out the most comprehensive update of the widely-used Uber Freight TMS since it was first launched by Transplace in 2005. The Uber Freight TMS is the all-in-one solution for planning, executing, and monitoring complex logistics operations across modes and regions, bringing shippers the time-tested expertise, Uber-grade technology, and high-quality service they need to drive their intelligent logistics forward. Initial upgrades focus on delivering a new standard of visibility, foresight, and control, "Uberizing" modules to promote ease of use and actionable data—all while expanding global, end-to-end shipment visibility across modes including rail, ocean, and air. "When you have a supply chain that's expansive and complex as ours, cutting-edge technology isn't a nice-to-have—it's essential," said Randy Cooper, Director of Transportation at Del Monte Foods. "Our partnership with Uber Freight's managed transportation and innovative technology has become our secret sauce as we serve our customers." Uber Freight is deepening its investment in software solutions with the launch of Uber Freight Exchange, a powerful new tool designed to meet the evolving needs of shippers and carriers by expediting freight procurement cycles and powering rapid shipment execution. Uber Freight Exchange is a neutral platform open to all shippers and carriers—a shipper can utilize Uber Freight Exchange to run auctions with their own carriers, in addition to Uber Freight's network of 100,000 carriers across the US. With integrated communication, simple bid functionality, and historical performance reporting, it enhances operational efficiency, fosters partnerships, and safeguards lane coverage risks in any market conditions. Bringing the power of generative AI and machine learning to enterprise shippers Uber Freight is unveiling Insights AI, a powerful generative-AI-powered insights tool that will transform decision making in logistics and support transportation teams from granular, tactical views to more complex, strategic analyses. Insights AI will leverage LLMs to generate and surface insights from Uber Freight's vast store of transportation data for customers. Uber Freight is also leading the industry in the creation and application of AI and machine learning to drive network optimization and service improvements at scale with several new models rolled out recently, including a sophisticated ETA model, which, when combined with Uber Freight's Probability of Late Arrival (PLA) model, helps to drive automated 'self-healing' workflows to improve shipper service. Expanding dynamic capacity and freight modes, across regions Uber Freight has strategically grown the footprint of the Powerloop program to meet surging client demand for drop and hook and dedicated capacity solutions. The program has expanded operational scope from localized freight within Texas, California and Georgia, to regional and over the road freight stretching across several new states including Arizona, Utah, New Jersey, New York, Arkansas, Minnesota, Wisconsin, Illinois, Indiana, Ohio, Tennessee, Pennsylvania, Virginia, North Carolina, South Carolina, Florida, and Kentucky. Uber Freight continues to gain ground as the most extensive autonomous freight network in North America with active partnerships with the leading developers and dozens of shippers moving autonomous loads on the network daily. In September, the company achieved a milestone of 100k autonomous miles driven with AV carriers on the network. Uber Freight has expanded support across the North American cross-border supply chain. To meet a 20% increase in production from across the customer base, the company now has six cross-border locations between US and Mexico and over 1,000 team members throughout the region to support this tailwind. Uber Freight also shared the extensive progress the business has made since the acquisition, including expanding its connected network of shippers and carriers to one of the largest in the world with 2 million drivers registered since the founding of the company, and dramatically advancing its sustainability impact, with an estimated 2.4 million empty miles eliminated from its network in the past year alone. ABOUT UBER FREIGHT Uber Freight is a market-leading enterprise technology company powering intelligent logistics. With a suite of end-to-end logistics applications, managed services and an expansive carrier network, Uber Freight advances supply chains and moves the world's goods. Today, the company manages over $18 billion of freight and has the largest network of carriers. It is backed by best-in-class investors including Greenbriar Equity Group and partnered with 1 in 3 Fortune 500 companies, including Del Monte Foods, Nestle, Anheuser-Busch InBev and more.

Read More