Congressional Response to Airport Wait Times Falls Far Short, TSA Union Says

June 15, 2016

The American Federation of Government Employees, the union representing Transportation Security Officers at our nation's airports, says recent Congressional actions to reduce passenger wait times are a good step but that the permanent solution remains hiring an additional 6,000 full-time screeners.

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SOFTWARE AND TECHNOLOGY,FREIGHT

Transfix Appoints First-Ever Chief Product Officer Tony Tzeng to Continue Digital Transformation of the Supply Chain

Transfix, Inc | August 12, 2022

Transfix, Inc. ("Transfix"), the Intelligent Freight Platform™, today announced Tony Tzeng has joined as the company's first-ever Chief Product Officer. He will lead product strategy, execution, and innovation serving shippers and carriers across the Transfix portfolio. Tzeng's expertise is in enterprise AI, and he joins Transfix from UiPath, a leading enterprise automation software vendor, where he served as VP of Product Management for AI products. Prior to that he served as Principal Lead Product Manager at Microsoft. "When your goal is to revolutionize the supply chain, you need big thinkers, innovators and operators who make it a reality for your customers. Tony is one of those executives who has it all, His experience driving product and platform strategies, coupled with his AI and ML expertise, will help to accelerate our vision of delivering an Intelligent Freight Platform that powers modern, reliable, and resilient supply chain performance at scale" -Lily Shen, CEO and President of Transfix. Tzeng brings 20 years of product and strategy development experience. Most recently, at UiPath, he oversaw the full product life cycle from assessing product/market fit to incubation, product vision, roadmap, launch, and acceleration. While leading the product division for AI-driven automations and a Machine Learning operations platform, he launched new products and grew the portfolio to multi-million dollar businesses that are now growth engines and differentiators for UiPath. At Microsoft, he led the product team developing cloud and AI solutions for next-gen virtual customer service, giving AI bots groundbreaking levels of accessibility. He also incubated enterprise AI solutions as part of AI+ Research, leading product teams that contributed useful features to well-known software like Dynamics 365 and Microsoft Office. Tzeng also held senior-level positions at McKinsey & Company and Deloitte Consulting. Transfix has all the pieces for an iconic success story– talented and passionate people, outstanding engineering practices, a data-driven product suite, and a winning corporate culture,said Tzeng.I'm proud to be a part of that story, and I look forward to creating a smarter, more sustainable future for freight. Tzeng earned his Bachelor of Science in Computer Science at Stanford University and his Masters of Business Administration with Honors at The Wharton School of The University of Pennsylvania. As announced on September 21, 2021, Transfix has entered into a definitive business combination agreement, as subsequently amended, with G Squared Ascend I Inc. ("G Squared Ascend I") (NYSE: GSQD), a special purpose acquisition company sponsored by affiliates of G Squared, that is expected to result in Transfix becoming a publicly listed company. Completion of the business combination is subject to customary closing conditions. About Transfix Transfix drives modern supply chain impact at scale with its Intelligent Freight Platform™. By combining enterprise-grade, machine-learning technology with intuitive software and dedicated supply chain experts, Transfix is enabling organizations to deliver with high performance and high reliability, drive long-term strategy and capacity planning, take empty miles off the road, and optimize their networks, at scale. Today, Transfix connects shippers to nearly 30,000 carriers with real-time, many-to-many freight matching and the visibility they need to make their supply chains more efficient and environmentally responsible. Learn more at Transfix.io. About G Squared G Squared is a global venture capital firm that partners with dynamic companies throughout their life cycles as a complete capital solutions provider, working to create value for companies, investors, employees, and other stakeholders. The firm focuses on investments in growth-stage technology companies and has invested in over 100 portfolio companies since it was founded in 2011. The firm's affiliate, G Squared Ascend I Inc. ("G Squared Ascend I"), offers transformative private companies a path to public markets via SPAC. For more information on G Squared and its portfolio, visit: www.gsquared.com. For more information on G Squared Ascend I, visit: www.gsquaredascend.com.

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PROCUREMENT AND SOURCING

CORRECTING and REPLACING Red Arts Capital Acquires Strategic Midwest Logistics Company, Partners Warehouse

Red Arts Capital | August 20, 2022

As part of its mission to acquire top tier supply chain and logistics companies, Red Arts Capital announced the purchase of Partners Warehouse. Based in Elwood, Illinois, Partners Warehouse provides warehousing and rail transloading services for a wide range of customers across nearly one million square feet and eight strategic locations in Illinois. The purchase of the 30-year-old logistics company marks another investment for Red Arts’ inaugural institutional commingled private equity fund vehicle, Red Arts Capital Opportunity Fund I, L.P. In June, the firm announced the acquisition of Coregistics, an award-winning, contract packaging services provider known for its flexibility and sophisticated systems. “Partners Warehouse is an ideal platform to execute on Red Arts’ value creation strategy in the warehousing and logistics space, Our country is facing a significant shortage of warehousing capacity, with nearly one billion square feet of new industrial space needed by 2025 to keep up with extraordinary demand. We believe that Partners is well positioned to provide much needed warehousing capacity as it continues to grow near Chicago’s highly strategic inland port.” -Nick Antoine, Co-Founder, Co-CEO and Managing Partner of Red Arts Capital. Partners Warehouse handles thousands of rail cars and containers each year with its Elwood facility located just one block from the entrance of BNSF’s second largest rail and intermodal yard, creating a strong draw for its customers. "Today, the Partners Warehouse holding company employs approximately 150 people. We anticipate nearly doubling the platform’s headcount and square foot capacity just this year alone. Red Arts and the Partners management team are committed to meeting our customers’ needs and believe that our planned continued investment will be a strong indicator of that commitment.” -Chad Strader, the Firm’s Co-Founder, Co-CEO and Managing Partner Amongst Red Arts Capital’s group of investors is world-renowned investor and billionaire, Mario Gabelli. In a recent statement on the Red Arts team and their strategy, Gabelli said, ​​"An important part of investing is defining your circle of competence. Nick and Chad have demonstrated expertise in Supply Chain and Logistics and they have remained disciplined to their approach since we invested with them - this expertise is reflected in their accomplishments and the return on our investments.” Red Arts Capital was formed in 2015 by Co-founders, Co-CEOs and Managing Partners, Chad Strader and Nick Antoine. The firm specializes in private equity investments in supply chain and logistics-related businesses. Red Arts Capital has made waves in the supply chain sector over the past half year with major investments in the aforementioned Coregistics, as well as Sunset Pacific Transportation, Radius Logistics, and now Partners Warehouse. Red Arts also executed the sale of the over century old Midwest Motors Express and Midnite Express to trucking industry titan, Knight-Swift Transportation Holdings back in December for $150M. About Red Arts Capital Based in Chicago, Illinois, Red Arts Capital is a leading investment firm focused on supply chain-related, transportation and logistics businesses. Red Arts Capital seeks to partner with and invest in privately-owned, primarily family-owned, and multi-generational businesses with solid business fundamentals and a strong track record and reputation. With sector expertise and a commitment to stewardship and excellence, Red Arts Capital’s approach earns the firm a trusted seat at the table with portfolio companies, investors and partners. For more information about Red Arts Capital, please visit ​​www.redartscapital.com. About Partners Warehouse Partners Warehouse was founded in 1989 to provide rail transloading services to the building materials industry. Today Partners operates 6 locations and offers a wide variety of services to clients. Industries served include building materials, lumber and panel products, paper, pulp, steel and other metals, automotive, food and food products, food ingredients, consumer goods and bulk products. Partners Warehouse continues to grow and expand by economically helping our clients. To learn more about Partners Warehouse, please visit www.partnerswarehouse.com.

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LOGISTICS,TRANSPORTATION

Harbinger and Wabash to Collaborate on Next Generation Solutions for Transportation and Logistics

Harbinger | September 15, 2022

Harbinger, a revolutionary vehicle and technology manufacturer poised to transform the medium-duty commercial electric vehicle (EV) industry, announced a new collaboration with Wabash, North America's leading manufacturer of trailers and truck bodies, that aims to leverage Wabash's industry-leading expertise in composite materials in the last mile delivery space. The persistent driver shortages that logistics providers now face are driving new demands for vehicles that are comfortable to operate in all climates. At the same time, stubbornly elevated fuel prices, widespread emissions reduction targets, and an increased public awareness of the impacts of climate change are raising the pressure on manufacturers to reduce vehicle weight, leading to competing engineering demands that cannot be satisfied using yesterday's technology. "Electrifying the medium-duty trucking industry will only happen with the commitment of manufacturers, distributors, and technology companies who are actively seeking innovative solutions to define the next frontier of the industry We are working closely with industry leading partners like Wabash to bring the commercial electric vehicles to market that are so desperately needed today to improve supply chain efficiency and reduce environmental impacts." -John Harris, CEO of Harbinger With 13 primary manufacturing locations, over 6,000 employees, and over $1.8B in revenue in 2021, Wabash is attacking the challenges of electrification with scale and experience. The company has a comprehensive network of dealers, parts, services, and upfit capabilities to streamline the ownership experience for end users. As the first company to develop an entirely new, vertically integrated electric platform for the medium duty segment, Harbinger's vehicles offer improvements in safety, driver experience, and productivity, tuned to the needs of commercial fleet operators and specialty vehicle customers. We're excited to continue our collaborations with electric vehicle manufacturers like Harbinger to deliver sustainable solutions in the last mile and home delivery market," said Dustin Smith, chief strategy officer at Wabash. Wabash intends to be at the forefront of the commercial EV market, leveraging our proprietary DuraPlate® and EcoNex™ material technologies to reduce weight without sacrificing structural integrity of the vehicle. By combining Harbinger's electric chassis with our lightweight and long-lasting truck bodies, together we are building solutions that are responsive to today's dynamic market conditions. About Harbinger Harbinger is a commercial electric vehicle (EV) company on a mission to transform an industry starving for innovation. Harbinger's best-in-class team of EV, battery, and drivetrain experts have pooled their deep experience to support the growing demand for medium-duty EVs. Leveraging a foundation of proprietary, in-house developed vehicle technologies designed specifically for commercial vehicles, Harbinger is bringing a first-of-its-kind EV platform to market, priced for zero acquisition premium. Harbinger: familiar form, revolutionary foundation. To learn more about Harbinger, please visit www.harbingermotors.com. About Wabash As the innovation leader of connected solutions for the transportation, logistics, and distribution industries, Wabash ( NYSE: WNC) is Changing How the World Reaches You®. Headquartered in Lafayette, Indiana, the company's mission is to enable customers to succeed with breakthrough ideas and solutions that help them move everything from first to final mile. Wabash designs and manufactures a diverse range of products, including: dry freight and refrigerated trailers, platform trailers, tank trailers, dry and refrigerated truck bodies, structural composite panels and products, trailer aerodynamic solutions, and specialty food grade processing equipment.

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SUPPLY CHAIN

Introducing Movement by project44™, the Supply Chain Visibility Platform that People Need to Make Supply Chains Work

project44 | September 29, 2022

project44, the connective tissue of the global supply chain announced the launch of Movement by project44TM, a game-changing platform that gives all supply chain partners — including shippers, carriers, logistics professionals and more — the transparency and collaboration they need to make supply chains work. For the first time, Movement by project44 combines the power of the entire project44 product suite, including its internally developed products and acquired capabilities, into one cohesive platform. People, organizations and economies depend on the efficient movement of goods around the world, but the past few years have shown how volatile demand capacity is, how difficult it can be for carriers to find the right loads and how unpredictable delivery times are, said Jett McCandless, founder and CEO, project44. "Movement enables visibility, agility and workflow automation, but most importantly, it fosters collaboration. That is the key. Because together, we can make supply chains work, improve lives and ensure access to the goods the world needs. Movement empowers teams to manage exceptions, streamline shipment operations, automate manual processes and collaborate to resolve customer issues, all from a single platform. It delivers value by providing complete order-level visibility across all modes globally, including multimodal estimates, from raw material to consumer door. It provides insights and workflow capabilities end to end — before, during and after transit. Everyone in the supply chain can use it, regardless of role, and it can deliver data to any person or system. The intuitive interface and unified APIs simplify issue resolution, and Movement enables seamless, data-driven operations. As the largest brewer in the world, it is up to us to pave the way for the food and beverage space by investing in technologies that will bring the most value to our customers while navigating unpredictable supply chain challenges," said Andreea Calin, Logistics Operations Transformation Manager, Anheuser-Busch InBev Europe. "With Movement, we hope to easily manage logistics operations in one user-friendly place and exceed customers' rising expectations in an efficient, reliable and sustainable way. Movement has the largest network of connected carriers, logistics service providers, shippers, technology providers and consumers in the industry and can create connections for those who are not already part of the network faster than any competitor. project44 also has the most robust dataset and the most sophisticated data science technology in the sector and provides the greatest breadth, depth and quality of visibility available anywhere. We owe it to our customers to provide specialized cargo solutions based on their individual requirements and schedules," said Paul Foster, Vice President of Development and Integrations, JAS Worldwide. "Global supply chains can be unpredictable, and to address customers' needs, we need innovative technology that is user-friendly, reliable and informative. Movement will give us the end-to-end visibility we need to manage high-level logistics to meet and exceed customer expectations. With Movement, shippers can increase lead time reliability and improve on-time delivery to cut costs and improve customer satisfaction. Logistics professionals can use Movement to improve data accuracy and increase productivity to grow revenue. Movement enables carriers to drive digital adoption, increase data accuracy and improve efficiency through automation to become more competitive. Drivers can reduce check calls and dwell times, providing real-time visibility and securing more profitable loads while gaining advantages as a preferred carrier. "As Girteka, the largest asset-based transportation company in Europe, we have a clear aim to be the obvious first choice for clients, colleagues, partners, the community, and shareholders, As a company, we have developed a solid foundation towards shaping the future intelligent enterprise and strategically investing into technologies that support our vision to become the market shaping, Top 10 European logistics leader. We have a strong long-term partnership with project44, and already leverage their market-recognized RTV solution. The next step is to leverage the Movement platform which will allow us to better manage data from carriers and customers enabling greater collaboration, access to real-time insights and streamlined workflows across the supply chain." -Edvardas Liachovičius, CEO of Girteka Holding Movement's user interface is highly adaptive and more intuitive and useful to a broad audience, and project44's ecosystem partnerships and API-first architecture makes Movement compatible with any third-party or system. Both the back-end architecture of the product and UX have been redesigned to optimize customer experience. The partner of choice for more top global supply chains than any other technology, project44 is a market leader, as recognized by independent analysts and in user and customer reviews. This gives project44 the insight, scale, skills and partnerships necessary to build a single platform capable of making supply chains work for everyone: Movement by project44™. Most visibility vendors offer a single mode or narrow set of capabilities, McCandless added. They talk about a 'single pane of glass,' but without the ability to adapt to a user's preferences, these solutions are one dimensional, which is a thing of the past. Movement is the future. It's multidimensional, where each facet presents a unique perspective tailored to the user's requirements. This level of configurability, value and collaboration is necessary to tackle the world's biggest supply chain challenges. The name 'Movement' represents the part we all play in solving them, inside or outside the industry. About project44 project44 is on a mission to make supply chains work. As the supply chain connective tissue, project44 operates the world's most trusted end-to-end visibility platform that tracks more than 1 billion unique shipments annually for over 1,200 of the world's leading brands, including top companies in manufacturing, automotive, retail, life sciences, food & beverage, and oil, chemical & gas. Using project44, shippers and carriers across the globe drive greater predictability, resiliency and sustainability. The undisputed leader in the market, project44 was named the Leader in the Gartner Magic Quadrant, #1 in FreightWaves FreightTech 2022, a five-time leader in customer satisfaction on G2's Supply Chain Visibility Grid, one of SupplyChainBrain's 100 Great Supply Chain Partners of 2022, and the Customer's Choice in Gartner Peer Insights Voice of the Customer report. project44 is headquartered in Chicago with a diverse team spanning 23 global offices including Austin, Amsterdam, Kraków, Paris, São Paulo, Shanghai and Tokyo. Learn more at project44.com.

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