LOGISTICS

XPO Logistics Splits into Two Independent Companies

XPO Logistics | December 03, 2020

XPO Logistics will part into two independent organizations, as indicated by a announcement Wednesday. The move is set to be finished in the second half of 2021.

At the point when the move is finished, one entity, called XPORemainCo, will be a worldwide LTL carrier and transport broker. The other, called NewCo, will be a contract logistics provider, the declaration said. Each is required to exchange on the New York Stock Exchange.

Bradley Jacobs will serve as chairman and CEO of XPORemainCo and will become chairman of the NewCo board, and Troy Cooper will serve in as president, ought to the spinoff be finished as arranged.

Spotlight

Logistics Plus Inc., a leading worldwide provider of transportation, logistics and supply chain solutions, is celebrating its 20th anniversary this month. Two decades of growth and experience have transformed Logistics Plus from a three-person operation, supporting the GE Transportation division of General Electric, into a $135 million global solutions company with over 400 employees in 20 countries serving thousands of customers around the world.

Spotlight

Logistics Plus Inc., a leading worldwide provider of transportation, logistics and supply chain solutions, is celebrating its 20th anniversary this month. Two decades of growth and experience have transformed Logistics Plus from a three-person operation, supporting the GE Transportation division of General Electric, into a $135 million global solutions company with over 400 employees in 20 countries serving thousands of customers around the world.

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PROCUREMENT AND SOURCING

AIT Worldwide Logistics acquiring final mile 3PL Select Express & Logistics

AIT Worldwide Logistics | November 18, 2021

Global supply chain solutions leader AIT Worldwide Logistics has reached an agreement to acquire New York City-based Select Express & Logistics, a leading 3PL arranging final mile delivery and assembly services for big and bulky consumer and commercial goods, including furniture, fitness equipment, home electronics, outdoor appliances and accessories, and more. With nearly 400 teammates in 60 locations—13 offices supported by 47 cross-dock facilities across the United States—Select administers the delivery of more than 1.7 million shipments per year by harnessing an elite network of 1,200-plus carriers. The 3PL also boasts one of the largest networks of assembly technicians in the United States for both fitness equipment and outdoor structures, performing over 600,000 assembly and repair jobs annually. Ninety percent of deliveries managed by Select are completed using mobile app technology, which provides their customers with real-time visibility and proof of delivery. Likewise, Select's technology allows retailers to offer delivery appointment scheduling at the point of sale, providing a seamless experience that reduces buyer's remorse. The complementary integration of AIT's robust global freight forwarding operations with Select's expansive final mile service will create a seamless first, middle and final mile solution in the United States. Access to final mile capacity and complex assembly teams will dramatically expand for AIT customers while Select customers will be connected with AIT's global freight forwarding expertise. With the acquisition of Select, AIT will represent a single point of access for importing heavy, bulky goods into the United States, providing nationwide forward stocking, and ultimately delivering omnichannel final mile service direct to consumers from customers' distribution centers, drop shippers or brick-and-mortar stores. In an era with capacity being the foremost challenge for global supply chains, Select's access to more than 1,100 driver teams operating both dedicated and on-demand equipment will minimize capacity constraints and alleviate pressure on final mile delivery times for AIT customers. "We are delighted to welcome the Select team to AIT. Customers with omnichannel distribution initiatives will benefit from our new unified solution that provides a truly global glass pipeline when importing goods from overseas to be delivered and assembled in consumers' homes and commercial businesses," said AIT President and CEO, Vaughn Moore. "Most importantly, Select's culture—especially the way they value their teammates and treat their clients—is a great fit. Confirming these shared core values is a prerequisite before AIT will even consider a company for acquisition." Select Express & Logistics Chief Executive Officer, Jay Waldman, said, "On behalf of our entire team, we are thrilled and honored to join forces with AIT. For 20 years, Select has been providing our customers with the highest level of final mile delivery and assembly services for big and bulky goods. Combining our final mile expertise with AIT's global freight capabilities will enable us to better serve our customers by managing the movement of product from the factory floor to consumers' homes." AIT Worldwide Logistics' acquisition of Select Express & Logistics is expected to close December 17, 2021. It will be the third acquisition for AIT in 2021, following previous deals to purchase customs broker Multimodal International and freight forwarder Intelligent Logistics. Terms of the agreement have not been disclosed. Stifel acted as financial advisor to AIT on the transaction. Kirkland & Ellis LLP served as legal counsel to AIT. The Transportation & Logistics Investment Banking Group of Raymond James & Associates, Inc. served as financial advisor to Select. Norton Rose Fulbright U.S. LLP served as legal counsel to Select. About AIT Worldwide Logistics AIT Worldwide Logistics helps companies grow by expanding access to markets all over the world where they can sell and procure their raw materials, components and finished goods. For more than 40 years, the Chicago-based transportation management leader has relied on a consultative approach to build a global network and trusted partnerships in nearly every industry, including aerospace, e-commerce, food, government, healthcare, life sciences and retail. Backed by scalable, user-friendly technology, AIT's flexible business model delivers precisely tailored supply chain solutions for sea, air and ground freight—on time and on budget. With expert teammates at more than 100 worldwide locations in Asia, Europe and North America, AIT's full-service options also include customs clearance, warehouse management and white glove services.

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LOGISTICS

Insite360 and TrueFill Collaborate For Enhanced Logistics Capabilities

Insite360 | July 28, 2021

Insite360, a wholly-owned subsidiary of Gilbarco Veeder-Root and a Vontier company, has signed a partnership agreement with TrueFill, expanding our logistics portfolio. Insite360 has long been the industry leader in enterprise fuel logistics services. Insite360 can target gaps in other solutions to offer instant value to our clients by using TrueFill's modular approach to technology. "TrueFill offers extensive expertise and a long history in high-scale and high-transaction software development, as well as one of the industry's shortest development cycles. This brings with it a new perspective on innovation, "Brent Hamby, Insite360 Global Product Manager for Supply Chain, said. By forming this partnership, Insite360 will help to expand the entire market for logistics solutions as the industry's digital transformation continues. "This collaboration combines Insite360's large installed base with TrueFill's Silicon Valley roots to offer fast innovation to our joint customers. TrueFill's modular architecture meets clients where they are, providing a fresh perspective to an industry in need of new ideas and enhancements. We're thrilled to be able to contribute to the market's growth." TrueFill's Co-Founder and CEO, Brandon Huff, said. About Insite360 As the industry's first and most complete cloud platform for on-demand fueling and site management, Insite360 leads the fueling market. The Insite360 platform boosts sales, reduces operational costs, optimizes equipment efficiency, improves customer experience, and provides advanced analytics to propel businesses forward. For over 30 years, Insite360 has been at the forefront of the industry, automating all aspects of the fuel and site management process from rack to nozzle, enhancing the customer experience. Insite360 is a fully owned subsidiary of Gilbarco Veeder-Root that is leading the fueling site service management revolution. About TrueFill TrueFill is constructing the next-generation fuel technology business. But not in the manner you would expect. We are neither a fuel supplier or carrier, neither are we a trader or a jobber. We also do not buy or sell fuel. What we're doing is developing some amazing technology that simplifies and automates the process of getting fuel ordered from a customer, lifted and loaded (wherever the product is), delivered, and billed correctly every time.

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SEND Partners with Turvo for End-to-End Visibility with Collaborative Logistics Platform

Turvo | November 04, 2020

Turvo Inc., a main supplier of community oriented coordinations programming intended for worldwide flexibly chains, has reported an association with transportation supplier SEND. This vital union will give SEND further perceivability and coordinated effort for its transporter clients and transporter accomplices progressively, improving operational efficiencies and overall revenues. "SEND was built on the premise of collaboration and supporting one another. We look at this a bit differently than most, as all stakeholders need to be a part of the process. We focus on building relationships holistically, rather than making it transactional in nature," said Nathan J Smith, the CEO of SEND. As a representative claimed organization, SEND zeroed in on cooperation with its essential partners: clients, transporters, and one another. Be that as it may, SEND battled with innovation related imperatives. Albeit hearty in administration contributions, SEND's inheritance TMS arrangements were unequipped for giving start to finish perceivability into tasks. Customers couldn't proficiently follow shipments bringing about work concentrated cycles, various messages, and check calls. To improve the client experience, build up an organization over various colleagues, and make start to finish perceivability, SEND assessed the top coordinations innovation suppliers on the lookout. SEND chosen Turvo for its capacity to empower joint effort and computerized change over the whole gracefully chain. "This partnership will help SEND provide its shippers and carriers a unique digital experience for end-to-end visibility and collaboration," said Scott Lang, Chairman and CEO, Turvo. "We believe that Turvo's multi-enterprise cloud platform solves for collaborative logistics to help our customers achieve complete visibility, increased revenue and profitability." Turvo's foundation is ideal for SEND who can quickly convey the answer for its clients in a simple to-utilize, cloud climate for sure fire appropriation and worth creation over its organization who increases moment perceivability into each shipment related work process. "With Turvo, we plan to build out private networks. Customers who utilize our carrier base might also have a base of their own carriers, and we are interested in curating these private marketplaces. SEND's goal is to work with Turvo to launch these small micro-shipping environments for clients so they can operate and manage those networks," said Smith. About Turvo Turvo is the first multi-enterprise collaborative platform specifically designed for the global supply chains. Turvo connects people and organizations, allowing shippers, logistics providers, and carriers to digitally connect and transform their workflows with cloud-based software and mobile applications for better customer experience and brand differentiation. The technology unifies all systems, internal and external, providing one end-to-end platform to execute all operations and analytics while eliminating redundant manual tasks and automating business processes. Stakeholders across the supply chain can make smarter, faster, more informed decisions.

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