Armstrong & Associates' Publishes Report on Technological Changes in Domestic Transportation Management

Armstrong & Associates | June 15, 2020

Rapid technological changes to the Domestic Transportation Management (DTM) Third-Party Logistics Market segment have occurred over the last five years. Today a Transportation Management System to run DTM operations is "table stakes" and is just one of the first steps in developing a truly digital freight brokerage operation. The race is on between new Digital Freight Brokers (DFBs) such as Convoy, Uber Freight, and Transfix, which are banking on proprietary digital freight matching tech to create competitive advantage, and established DTM brands with superior network scale such as C.H. Robinson, Coyote, and Hub Group to build leading customer and carrier digital experiences to drive long-term growth. Since our first report on Digital Freight Matching (DFM) in 2016 where we dubbed the term "Digital Freight Matching", there has been increasing focus on these companies which have been seen by investors as market disruptors. This report details the convergence of DFM, modern Domestic Transportation Managers, and Digital Freight Brokers. It provides insights into what systems drive a 3PL's classification as a DFB and what systems can be deployed to augment a TMS and digitalize a DTM/Freight Brokerage operation.

Spotlight

A supply chain is basically a group of independent organisations connected together through the products and services that they separately and or jointly add value on in order to deliver them to the end consumer.


Other News
SOFTWARE AND TECHNOLOGY

AdvancedDock Creators Announce New Logistics Smart Seal™ Technology

Advanced Solutions | May 04, 2022

Advanced Solutions, creators of the AdvancedDock Yard and dock management platform and AdvancedBOL (Electronic Bill of Lading), announced the release and support for their new logistics Smart SealTM. The new product utilizes AdvancedDock to support the ability to seal and capture load and truck information digitally."Smart Seal™ allows our customers to improve the accuracy of data collection for truck and container shipments from shipper to final destination, "Any of us who have had to record, read, rekey or verify seal numbers on a paper bill of lading will appreciate the simplicity of tapping a smart seal using our software and it being captured digitally within our eBOL and available immediately within the backend ERP. This is the simplest scenario, but we are already exploring new use cases with our trial customers." -Managing Principal Phillip Avelar. When launched, the patent pending Smart SealTM will be supported by their AdvancedBOL bill of lading software and AdvancedDock, the next generation yard and dock orchestration platform. Using the company's software, a driver or dock employee can digitally capture and record truck/shipment information by tapping their tablet or phone against the Smart SealTM. Simplifying the collection and tracking of load information and enhancing the security of goods being transported. Smart Seal is the latest product to integrate with Advanced Solutions' Yard and Dock orchestration platform. To learn more about about Smart Seal and Advanced Solutions' enterprise products or to request a demo, visit advsolutionpros.com/AdvancedDock. About Advanced Solutions Advanced Solutions, founded in 1999, specializes in supply chain orchestration solutions. In 2015, it released the logistic industry's first complete electronic bill of lading (eBOL) solution AdvancedBOL for SAP. In addition, the company provides enterprise products such as AdvancedDock for SAP a next generation Yard and Dock orchestration platform for SAP and CommandView for SAP, an AI-based logistics control tower solution.

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SUPPLY CHAIN

LocoNav Joins Forces with Locus as a Strategic Partner to enable digital transformation in the Global Logistics Industry

LocoNav | April 08, 2022

LocoNav, world's fastest-growing AI-driven full-stack fleet tech company, announced a strategic partnership with Locus. Through this partnership, LocoNav and Locus will enable digital transformation in the logistics industry by automating supply chain operations.Co-Founders - Shridhar Gupta and Vidit Jain, said, "Collaboration is the first step to growth and we couldn't have asked for a better partner than Locus to solve for complex supply chain challenges. This partnership will help us unlock great value for the entire ecosystem, supporting us in our mission to democratize fleet tech. "We are extremely excited about our collaboration with LocoNav and are looking forward to adding more value for enterprise customers with our last-mile optimization platform. This collaboration will help us empower our enterprise clients with a world-class fleet visibility tool." -Pranjal Swarup, Director Partnerships, Locus Locus uses machine learning, deep tech and proprietary algorithms to solve complex last-mile problems. Inefficiencies like delays caused by congestion, suboptimal routes, accidents or cargo thefts, and excessive fuel consumption - caused by speeding, idling or harsh acceleration, can negatively impact a delivery business. Loconav's fleet management solutions (FMS) that include offerings such as track & trace, fuel monitoring, onboard diagnostics with real-time alerts, rich analytics, customized reports, and more will help locus optimize multiple vehicle operations. End-to-end visibility gives Locus's clients the opportunity to enhance operational efficiency, reduce costs and streamline customer experience. Pranjal Swarup, Director Partnerships, Locus Founded in 2016, LocoNav is a full-stack fleet software company focused on democratizing access to fleet technology across global emerging and high-growth markets. Powered by AI and IoT LocoNav solutions empower fleet owners and operators to achieve operational efficiencies, cost savings along with driver and vehicle safety. Operating in over 50 countries LocoNav has raised $37M in a Series B round from Quiet Capital, Anthemis Group, Sequoia Capital India, Fundamental, RIT Capital Partners, Uncorrelated Ventures, Village Global, among others. LocoNav was awarded the Best Software Solutions Provider of the Year: SaaS in Startup 2022 by Entrepreneur India. https://loconav.com/

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FREIGHT

Becker Logistics Acquires Trek Freight Services

Becker Logistics | March 29, 2022

Effective December 31, 2021, Becker Logistics LLC, a 3PL Company has acquired Trek Freight Services, LLC located in Lincolnwood, IL. Trek Freight has been in business for 21 years and Becker Logistics will be celebrating their 25th anniversary this coming May, combining these two entities for a total of 46 years of transportation experience. Trek adds an additional 125 customers, 25,000+ carriers, 35 employees and their proprietary TMS which will be synergies for Becker Logistics moving forward. Trek provides third-party logistics services across the U.S. These services will now be provided under the Becker Logistics name. Becker Logistics has experienced extraordinary growth in the last 10 years. In 2020 revenue was at $73 million. In 2021 they grew overall, both organically and non-organically by 130% year over year. Their total top-line revenue for 2021 was $167.2 million. They were able to add an additional $94.2 million to their top-line and with plans to do the same in 2022. With this acquisition, Becker Logistics continues to grow and hold its place as one of the largest third-party logistics providers in the United States. “Since 2009 when Becker Logistics had top-line revenue of only $3.5 million, to 2021, it has experienced a growth of 48 times. We have excelled at organic growth, culture, strategy and having a dual approach of not only growing organically, but non-organic growth is part of the game plan for the next eight years. This is our second acquisition with our first being Savage Logistics, LLC in 2017. We now have a total of 160 talented employees with plans of adding an additional 100 more by the end of the year. We have a BHAG to hit $1.8 billion in top-line revenue by or before 2030. Along this journey we can service our customers more by merging with other entities that have a wealth of knowledge, education and awareness in the industry already,” -Jim Becker, CEO of Becker Logistics. John Andreotti, former COO and principle of Trek Freight said, Looking back, we knew we had to grow our company, but with the resources we had, our age and stage in life, we knew it was going to take far too long. We wanted to merge with a company that would not only keep our employees, but would offer an opportunity to catapult their careers. They needed more opportunities to grow. We have a great team and we didn’t want to lose any of them. We needed to merge with a company that had a vision and a larger engine in place to accelerate that growth. I’ve seen the overall vision and it’s going to provide for everyone that wants to grow individually and as a team. The merger has created a bigger and stronger team. There are so many more resources available to everyone which will aide them to reaching their personal goals and servicing their customers better than ever was possible before. About Becker Logistics Becker Logistics is a leading provider in the non-asset-based, third-party logistics (3PL) space, specializing in supply chain solutions that create transformational success for manufacturers, suppliers and retailers. Since inception in 1997, Becker has grown organically and non-organically with Trek Freight being its second acquisition. Savage Logistics, being the first, was acquired November 1, 2017. Becker works within this highly competitive area and has become the intermediary for over 580 customers. Becker offers an array of transportation services for customers ranging from mid-sized manufacturers to Fortune 100 corporations. Becker leverages supply chain experts, proprietary technology and operational expertise to make shipping freight more efficient for customers, giving them a competitive advantage in their industries. Becker’s competitive advantages include their intellectual properties: 3PL 360 | Freight Management Software, 3PL AIT | Artificial Intelligence Technology and 3PL LMS | Learning Management Software. Learn more at www.BeckerLogistics.com. About Trek Freight Services Trek Freight Services has been providing third-party logistics services in the United States since 2001, offering non-asset-based services in the areas of van, flat bed, reefer, intermodal, LTL, team service and expedited. They move various commodities, which includes packaging, building products, food and beverage, automotive chemicals, scrap virgin plastics, scrap and virgin metals, printed matter, scrap paper, consumer products, and industrial and commercial chemicals. Trek Freight is highly service oriented with the highest customer and carrier retention rate in the industry.

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Project Verte Deploys 6 River Systems Solutions in Atlanta Distribution Center

6 River Systems | September 25, 2020

6 River Systems (6RS) announced its deployment with Project Verte, a full circle e-commerce solution provider that helps brands grow and directly engage with customers. 6RS will support fulfillment activities at Project Verte’s distribution center (DC) in Atlanta, which fulfills orders for numerous retailers and brands. The Atlanta DC will also serve as 6 River Systems’ southeast hub for site tours, allowing fulfillment professionals in the Atlanta area to tour an active, high-volume warehouse powered by flexible automation solutions. Project Verte enables sellers to connect to every sales channel and seamlessly manage all aspects of a customer journey through a single seller platform. Their offering includes the Verte Seller Platform and the nationwide Verte Fulfillment Network that provides 2-day delivery. With Project Verte, brands can “sell anywhere and fulfill in every way while managing everything” with one platform that powers every element of a unified commerce customer journey. "Our deployment of 6 River Systems reflects our desire to collaborate with companies that share our vision of changing the world of fulfillment, logistics and e-commerce,” said Bob Klunk, COO, Project Verte. “Project Verte exists to enable brands to serve their own customers with an advanced and easy to use digital platform, and with the addition of 6 River Systems' collaborative robots in our warehouse, we are also able to guarantee SLA performance and a best in class experience." To better support Project Verte and its other 3PL, retailer and distributor partners, 6 River Systems recently expanded the software capabilities of its wall-to-wall fulfillment solution. The new capabilities have been designed to help senior-level warehouse operators further improve site management, gain more concrete business transparency across singular or multiple sites and accelerate their return on investment.

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Spotlight

A supply chain is basically a group of independent organisations connected together through the products and services that they separately and or jointly add value on in order to deliver them to the end consumer.

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