Einride | May 21, 2022
Swedish freight technology company Einride announced at Einride Mesh the unveiling of new product offerings to its hardware and software lineups including designs for an Einride Trailer and new features and functionality on the Einride Saga platform. These build outs of the Saga UI experience via new apps and a new API (application programming interface) developer platform, in addition to presenting what is possible for the future of Einride’s hardware, further underline the company’s deepening offering of freight mobility solutions for customers.
“By offering these latest product offerings with Saga and showcasing our latest designs for future electric freight hardware, we are able to tap into an even larger potential to help shippers transition towards electric and being able to cost competitively reach their sustainability goals, We’re looking at almost an entire sector that is still non-electric, and we want to speed up this transition by proactively seeking out what the future needs of the growing electric, autonomous shipping industry will be and creating the necessary solutions.”
-Robert Falck, Founder and CEO of Einride.
First of its kind electric semi-trailer: the Einride Trailer
Hardware designs for an all-new Einride Trailer, an electric road semi-trailer powered by Saga were unveiled as a solution to optimize fleet utilization and the total cost of operations. Designed for seamless integration with Einride electric and autonomous vehicles for optimal performance, the trailer will also be compatible with conventional electric semi-trucks. Enabled by Saga, the Einride Trailer will provide AI based insights into the cargo being transported by providing real-time data across key touch points including loading route planning, fill rates, cargo monitoring and preventative maintenance. An extended range of up to 650 km on a single charge will be possible with all-new Einride 320 kwh batteries that will be incorporated with the Einride Trailer production. The designs will continue further iterations, with plans to have production for initial piloting complete in 2023.
Einride Saga’s powering of electric fleets continues to expand
Saga’s all-encompassing digital platform features a suite of powerful apps for end-to-end electric and autonomous freight and was originally launched in 2021 in conjunction with the official Einride U.S. expansion. Today marked the first time an expanded and revised UI of the first original apps, Evolve, Explore, Book and Orchestrate, were showcased. Existing and new customers will have access to these latest features starting in October of this year.
Evolve: generates plans to electrification and automation by identifying electrification sweet spots and defining potential environmental impact
Explore: visualizes data across cost insights, fill rates, CO2 emissions, and more
Book: tracks shipments from creation to final delivery and can be integrated with shippers current order management system
Orchestrate: bridges communications between automated transport planning and human interaction to ensure the entire network of electric trucks and chargers are displayed in real time.
An API developer platform, Einride Extend, allowing access and scalable adoption of Einride’s software to a larger ecosystem of shippers was also unveiled, in addition to sneak peeks of three additional apps – Deliver, Dock, Own.
Einride Extend: the API developer platform will make use of Saga's models, data and intelligence available across open-source software. An alpha version of the Book API will be the first available offering on the platform, opening up a scalable way to order transport via Einride Saga. The platform will be available at the end of 2022 to existing customers.
Deliver, Dock and Own: further app features across driver instructions, connections between shipping terminals and profitability monitoring will be introduced in future platform updates. Apps will be officially released in 2023.
Inaugural Einride Mesh celebrates collaboration across tech, sustainability and culture
Einride Mesh 2022, hosted in Gothenburg, Sweden and streamed globally, was the first of a new annual event hosted by Einride celebrating the movers and shakers across tech, sustainability and culture. The day featured programming to encourage learning, networking and discussions, featuring keynotes from renowned entrepreneurs and innovators such as Olympian Nils van der Poel and leaders from other sustainable brands, X Shore, Heart Aerospace, Mimbly and CAKE, along with others. Full demos of the latest Einride products were also showcased by Einride leadership team members across Product and Tech.
“Our goal with the inaugural Einride Mesh was simple: create a platform for thought leaders to come together and share how we can create a better future, regardless of what industry we sit in, To see leaders, students, investors and culture influencers gather together is a true testament to the impact that is possible for creating sustainable futures when wider audiences collaborate together.”
-Linnéa Kornehed, co-founder and CMO of Einride.
To learn more about Einride please visit https://www.einride.tech/. For shippers or developers working with road freight and interested in finding out more about Saga and applying for early access, visit www.einride.tech/saga.
Einride is a leading freight technology company providing digital, electric, and autonomous shipping. It was founded in 2016 and became the world’s first company to operate an autonomous, electric freight vehicle on a public road in 2019. Einride´s award-winning technology and products enable users to execute on electrification and automation, order and track shipments, oversee routes and assignments, visualize data and gain insights. For more information, please visit einride.tech.
Montway Auto | August 02, 2022
The transportation and logistics industry has lagged in the digitalization trend that has modernized other industries. Moving vehicles through the supply chain relies on manual tasks and multiple platforms, offering dealers little sense of where in-transit vehicles are until they arrive at the lot or are checked in at auction. Montway Auto Transport, one of the nation's leading third-party logistics brokerages, launched the Montway Automation Portal (M.A.P.), a digital platform that improves efficiency for both shippers and carriers, enables visibility of inbound and outbound vehicles for better inventory management and helps control or reduce transportation costs.
"The challenges keep mounting for dealerships, auctions, rental car companies and other businesses that rely on vehicle movements and our business customers want innovations to help them gain a competitive advantage,The Montway Automation Portal provides the transparency they need to better manage inventories and increase speed to consumers."
-Mike Trudeau, Executive Vice President of Business Development at Montway Auto Transport.
M.A.P. is built on industry-leading, proprietary technology that leverages market-based pricing and a streamlined transportation management system. Users can enter a VIN or multiple VINs into the portal to receive pricing, book orders and track units in real-time to complete delivery via a user-friendly dashboard. Additionally, M.A.P. offers public tracking links users can share with end customers, on-demand pricing and a centralized location for storing digital records (proof of delivery documents, BOLs, gate passes and photos).
"Digitization is a proven way to transform businesses and auto transport is no exception. M.A.P. was designed to modernize and optimize auto transport from creating orders to providing tracking of units through to delivery,Shippers now have real-time access to their transportation data, allowing them to manage inventory as well as understand and control transportation expenses."
-Kaye Ceille, President, Business Solutions Group at Montway Auto Transport.
For 15 years, Montway has been providing transparency and trust to our customers. This is one more way we deliver for our automotive partners and their customers.
To learn more about Montway Auto Transport and M.A.P., please visit www.montway.com and www.montway.com/map.
About Montway Auto Transport
Founded in 2007, Montway Auto Transport has grown to be the nation's leading automotive transport company supporting vehicle transport to all 50 states including Alaska and Hawaii, as well as Europe – offering extended service hours, 365 days a year. In addition to a retail division serving the privately-owned vehicle market, Montway has a business solutions sector focused on the automotive logistics needs of enterprises in sales, remarketing, manufacturing, moving and relocation, and finance. Montway Auto Transport sets the industry standard for innovative logistics technologies and customer service.
GXO Logistics | May 17, 2022
GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider, announced a new partnership with Sente Foundry (“Sente”), a global startup investment and innovation platform that brings corporations, public institutions and investors together to discover high-potential technology startups with inventive ideas and scalable solutions that can help solve today’s greatest supply chain challenges.
“Our partnership with Sente reflects our ongoing commitment to providing our customers with cutting-edge automated solutions that increase safety, productivity, accuracy and scalability, We look forward to working with Sente to identify innovators around the world that are using emerging technologies to develop game-changing solutions to make logistics a competitive advantage.”
-Sandeep Sakharkar, Chief Information Officer, GXO
During the year-long collaboration, Sente will conduct a global search for and evaluation of the world’s most promising technology-focused startups. The start-ups will be selected specifically for their potential to help GXO meet its strategic priorities, including accelerating warehouse innovation for customers that are increasingly looking to automate their logistics operations.
Sente COO Gerod Carfantan, leader of Sente’s Supply Chain and Transportation domain, said, “We’re excited by this opportunity to connect GXO with startups with scalable groundbreaking ideas. Today’s logistics challenges are increasingly complex, and GXO has led the way globally with creative solutions, innovation and collaboration. We’re inspired by GXO’s mission to realize logistics at full potential and we look forward to helping the company achieve even greater success.”
About GXO Logistics
GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for approximately 120,000 team members across more than 900 facilities totaling approximately 200 million square feet. The company partners with the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, Twitter, Facebook, Instagram and YouTube.
About Sente Foundry
Sente Foundry, LLC (“Sente”) is a Chicago-based early-stage startup investment program that works with corporations, family offices, and institutional investors to connect startups with innovative and scalable opportunities using its unique “CVC-as-a-Service” platform. Sente searches the world for the most high-potential startups and helps them scale through partnerships with its partners. With Sente, startups can scale faster and do so internationally; investors get line-of-sight and a new way to invest in the world’s most promising startups; and corporations accelerate innovation like never before. Since its founding in 2013, Sente has supported early-stage companies that operate in over 40 countries, have received over $35 million in funding, and have generated revenues exceeding $80 million. Find Sente online at sente.link, LinkedIn, and Twitter.
Universal Logistics Holdings, Inc | June 20, 2022
Universal Logistics Holdings, Inc. (NASDAQ: ULH) announced the preliminary results of its modified "Dutch auction" tender offer to repurchase up to 100,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Wednesday, June 15, 2022.
Based on the preliminary count by Computershare Trust Company, N.A. ("Computershare"), the depositary for the tender offer, approximately 164,189 shares were properly tendered and not properly withdrawn at or below the expected final purchase price of $28.00 per share, including shares that were tendered through notices of guaranteed delivery.
In accordance with the terms and conditions of the tender offer, the Company expects to acquire 164,189 shares at a final purchase price of $28.00 per share, for an aggregate purchase price of approximately $4.6 million. These shares represent approximately 0.62% of the Company's issued and outstanding shares as of May 12, 2022. The total amount of shares expected to be purchased in the tender offer includes the Company's right to increase the tender offer by up to two percent of the Company's outstanding shares and also includes a total of 5,000 shares tendered by Mr. H.E. "Scott" Wolfe, a director of the Company. The determination of the final number of shares to be purchased and the final price per share is subject to confirmation by Computershare of the proper delivery of the shares validly tendered and not withdrawn.
The number of shares to be purchased and the price per share are preliminary and are subject to verification by Computershare and subject to change for a number of reasons, including if some or all of the shares tendered through notices of guaranteed delivery are not delivered within the applicable two trading day settlement period. The actual number of shares to be purchased and the final price per share will be announced following the expiration of the guaranteed delivery period and completion of the confirmation process by Computershare. The final results are not expected to be announced until at least June 21, 2022. Promptly after the announcement, Computershare will issue payment for the shares validly tendered and accepted for payment under the tender offer and will return shares tendered and not purchased in the tender offer.
The Company may purchase additional shares in the future in the open market subject to market conditions and through private transactions, tender offers or otherwise. Under applicable securities laws, however, the Company may not repurchase any shares until June 30, 2022. Whether the Company makes additional repurchases in the future will depend on many factors, including the number of shares purchased in this tender offer, its business and financial performance and situation, the business and market conditions at the time, including the price of the shares, and other factors the Company considers relevant.
The Company has retained Georgeson LLC as the information agent for the tender offer. All questions regarding the tender offer should be directed to the information agent at 866-695-6074 (toll free).
Universal Logistics Holdings, Inc. is a holding company that, through its consolidated subsidiaries, is a leading asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada, and Colombia. The Company's operating subsidiaries offer customers a broad array of services across their entire supply chain, including truckload, brokerage, intermodal, dedicated, and value-added services.