Via Acquires Fleetonomy to Meet Rapidly Growing Demand for Logistics

Via | October 06, 2020

Via Acquires Fleetonomy to Meet Rapidly Growing Demand for Logistics
Via, the world's preeminent provider of digital infrastructure for public mobility systems, announces today that it has acquired Fleetonomy, a leading developer of advanced fleet management software. The acquisition accelerates Via's expansion beyond public transit and strengthens its ability to meet increasing global demand for efficient, flexible solutions for logistics and delivery. Following its Series E financing led by Exor in March at a $2.25B valuation, the transaction represents an important step towards realizing Via's vision of using technology to shape the future of transportation of people and goods in cities around the world. Fleetonomy was founded in 2017 by CEO Israel Duanis and CTO Lior Gerenstein, with the vision of building the next generation of fleet management and optimization platforms, suitable for the challenges and opportunities that came with the shift to fleet-based on-demand services. In a few short years, the company partnered with a roster of notable brands ranging from Toyota to BP, asserting itself as the gold standard in fleet management technology. Via's technology is currently used by more than 150 cities and transit operators across the globe to power intelligent transit and, increasingly, delivery platforms. The need for essential transit services and goods delivery has continued to grow during the pandemic, and Via plans to apply Fleetonomy's technology and expertise in demand prediction and fleet utilization to advance its digitally-powered logistics solutions.

Spotlight

GE Transportation's Intelligent Transportation Solutions moves people and goods efficiently. With safe signaling solutions, ITS is offering breakthrough technology to optimize railway and mass transit operations.

Spotlight

GE Transportation's Intelligent Transportation Solutions moves people and goods efficiently. With safe signaling solutions, ITS is offering breakthrough technology to optimize railway and mass transit operations.

Related News

Home Depot Tries to Improve Supply Chain Efficiency for Better Sustainable Transport

Home Depot | July 24, 2020

Fewer miles traveled and less unused space are a good place to start for an efficient supply chain. They're also a good place to start to reduce emissions, according to Home Depot VP of Transportation Michelle Livingstone."As we try and improve the efficiency of our supply chain, it actually results in massively better sustainability measures," Livingstone told Supply Chain Dive in an interview Wednesday.Home Depot has pledged to reduce its Scope 1 and 2 emissions 40% by 2030 and 50% by 2035 compared to 2011. The company announced Thursday it made a 10% reduction from 2018 to 2019. And when it comes to transportation, that progress is about tracking efficiency and working with partners.

Read More

LOGISTICS

Locus partners with PostTag to disrupt the global logistics market with innovative logistics tech

Locus | August 23, 2021

Locus, a future-ready platform that automates supply chain decisions, has partnered with PostTag, a cutting-edge address lookup and validation service, to create an end-to-end technology solution for deliveries. The combination of Locus' market-leading automated supply chain management platform and PostTag's innovative address lookup technology is set to 'disrupt' the APAC market where many brands are grappling with legacy systems that are no longer optimized to meet dynamic customer demands of superfast last-mile deliveries. Locus is a global technology platform that uses machine learning and proprietary algorithms to automate complex supply chain decisions. Founded in 2015, Locus recently raised US$50 million in Series C funding led by GIC, Singapore's sovereign wealth fund. PostTag and Locus share a common focus on disrupting markets, and challenging legacy players. Together, Locus and PostTag will introduce a more efficient delivery platform to the APAC market. Locus and PostTag partnership will give customers an end-to-end tailored logistics optimization solution to automate the supply chain process from the moment the customer places an order on a website till the time the delivery is fulfilled with efficient warehousing and route planning, fleet management, last-mile visibility, and more. Keith Lewin, Chairman, and Founder, PostTag, said, "Our customers have been telling us that they're fed up with the current software solutions. As a modern dynamic company unencumbered by legacy technology, we expect our partnership to have a major disruptive impact on the APAC market. We are thrilled to bring our partnership to the market. Working with Locus, we can offer our customers even more value as they strive to meet the growing expectations of customers for timely and accurate deliveries." The partnership will ensure not only a more efficient supply chain but drivers that get straight to the address the first time, without wasting valuable time and fuel. Last-mile delivery is one of the critical phases in the supply chain, accounting for 50 percent of the delivery cost, and is core to ensuring customer satisfaction. Unlike other systems, which are either 'approximating the location' or asking customers to generate and remember a few random words to 'pull' the driver to their address, PostTag 'pushes' the driver to the correct location. It does so without adding any further steps that need to be taken to get the driver to the right door. PostTag's Destination Data Engine returns precise details for each address search. It checks, validates, and verifies addresses across multiple databases, telling the driver precisely where the home or business is. Nishith Rastogi, Co-founder and CEO, Locus, said, "PostTag impressed us not only with the quality of their technology but their desire to fix the problems that stop companies from getting their goods to customers in a timely and efficient way. Companies are still dependent on legacy solutions that aren't equipped to handle today's real-world supply chain and logistics operations. The partnership of Locus and PostTag is set to change that, and we are excited about the opportunities we see for growth in the APAC region." Locus uses machine learning and proprietary algorithms to automate complex supply chain decisions. Its smart supply chain solutions provide end-to-end visibility and enable enterprises to enhance their operational efficiency by reining costs, streamlining the customer experience, and reducing environmental impact. Locus' scalable solutions include route optimization, real-time tracking and analytics, sales beat optimization, territory planning, vehicle allocation, and network design. About Locus Locus' smart and scalable solutions help enterprises gain end-to-end supply chain visibility, increase operational efficiency, reduce environmental impact and streamline the customer experience. Founded in 2015, the platform powers deliveries across North America, Europe, Southeast Asia, Middle East, ANZ, and the Indian Subcontinent. Locus's future-ready platform has resulted in $150 million+ savings in logistics costs, 70 million+ kilometer reductions in distance traveled, and 17 million+ kilograms reduction in GHG emissions across clients like Nestle, Mondelez, Unilever, BigBasket, Bluedart, Bukalapak, The Tata Group, and many others. About PostTag PostTag is a cutting-edge address lookup and validation service. Founded in 2015 by Chairman Keith Lewin after he realised current UK addressing systems often sent drivers 1km away from his house, PostTag has steadily grown to be a market-leader in address validation and location systems. We are trusted by some of the most frequent visitors to the UK's front doors. We provide final mile operators with pinpoint accuracy which allows drivers to be directed to addresses accurately without wasting valuable time searching.

Read More

LOGISTICS

DSI Logistics has been Sold by Argosy Private Equity

DSI Logistics | April 27, 2021

Argosy Private Equity, a lower center market private value firm, today declared the offer of DSI Logistics Holding, LLC to Pilot Freight Services. Established in 1997, DSI is a non-resource-based outsider coordination firm that has some expertise in white-glove, "last-mile" home conveyance, and appropriation administrations for retailers across the country. DSI is centered around hard merchandise classifications including home goods, sleeping cushions, gadgets, and machines. In February 2019, Argosy banded together with minority financial backer Headhaul Capital Partners, a private value firm that centers around the transportation, coordination, and appropriation ventures to get DSI. After the underlying speculation, Argosy promptly started to execute its Value Acceleration Methodology ("VAM™"), by growing DSI's conveyance impression, expanding its emphasis on more modest clients, and starting an essential arranging measure. "DSI's 20% yearly income development rate is dominating both the market and its companions. The most amazing part of DSI's solid development in the course of the most recent two years is entering 15 new states and markets, while as yet keeping up the undeniable degree of client assistance that our customers have generally expected," said Keven Shanahan, Partner, Argosy Private Equity. "Argosy and Headhaul have been extraordinary accomplices for us and were very useful and powerful in our development. Their greatest commitment was working with us to construct the operational establishment to help development by upgrading both our kin and our abilities," said Jim Forman, the CEO at DSI. About Argosy Private Equity Argosy Private Equity, established in 1990, spends significant time in giving capital and working and monetary ability to bring down center market organizations across an expansive scope of businesses. Argosy accomplices with roused supervisory crews putting resources into organizations with economical upper hands and alluring development possibilities. Argosy Private Equity is a division of Argosy Capital Group, Inc. ("Argosy Capital") along with Argosy Real Estate Partners, Argosy Credit Partners, Argosy Strategic Partners, and Argosy Healthcare Partners. Argosy Capital is an SEC-enrolled speculation counsel with roughly $1.5 billion of resources under administration. The entirety of the Argosy Capital supports center around lower center market speculations.

Read More