FREIGHT

Digital Freight Platform Loadsmart Raises $90 Million in Series C Funding Led by BlackRock

Loadsmart | November 21, 2020

Loadsmart, a leading advanced cargo innovation organization, today reported the fruitful finish of its Series C fundraising. The $90 million round was driven by BlackRock, Inc's. oversaw reserves and included unmistakable vital speculators from the transportation space, for example, TFI International Inc., a North American pioneer in the transportation and logistics industry, and Maersk, the world's leading ocean carrier and a Loadsmart investor since Series A. The arrangement was co-driven by Chromo Invest, with support from Perry Capital, established by Richard C. Perry; and Bramalea Partners, as of late established by Andrew Boyd, previous head of worldwide value capital business sectors at Fidelity Investments. Goldman Sachs and Co. LLC filled in as Loadsmart's select position specialist. Paul Hastings served as legal adviser.

The funding round concretes Loadsmart's situation as an innovator in the advanced cargo space. Loadsmart's financially traditionalist technique is remarkable among computerized contenders and has took into account capital-effective, reasonable development. Rather than developing by sponsoring its clients' cargo spend, the organization centers around natural development driven by operational greatness combined with API integrations, building up the innovation to offer genuine benefit added administrations to its clients. Loadsmart has developed incomes 250% since January 2020 while improving help quality, expanding gross edges and keeping operational costs at 2019 levels.

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The 2017 Modern Supply Chain Experience in San Jose, CA was an immense success. This highlight video showcases renowned keynote speakers, enthusiastic customers and partners, and other great moments throughout the three-day event.


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LOGISTICS

G&S Logistics Deploys Digital Freight Brokerage Solution from Descartes

Descartes Systems Group | May 05, 2022

Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Minnesota-based G&S Logistics is digitizing its freight brokerage operations to support aggressive growth plans with the integrated deployment of the cloud-based Descartes Aljex™ transportation management system (TMS) and Descartes MacroPoint™ for real-time freight visibility and load tracking. "With aggressive growth targets, we knew automation would be required as we open and staff additional offices and onboard new carriers, The online and real-time Descartes Aljex dashboards will be especially valuable as they give us direct insights into operational nuances and carrier performance to help us continually evaluate the best transportation options for our customers." -Angelo Byrd, COO/EVP at G&S Logistics Descartes Aljex, a cloud-based solution for freight brokers, provides end-to-end capabilities that enable companies to deliver better customer service, enhance operational performance and maximize margin. The Descartes Aljex TMS automates and streamlines daily freight broker activities to boost operational efficiency, including order entry, lane rate comparison, covering loads, rate confirmation, carrier acceptance, dispatching and carrier communications. It allows brokerages of all sizes to securely access freight and transportation management data from anywhere. The integration of Descartes Aljex with Descartes MacroPoint provides access to real-time load tracking capabilities, which not only reduces time-consuming communication like check calls and emails, but also helps brokers forecast future needs to mitigate any potential transportation risk or disruption. "We’re pleased to help G&S Logistics modernize its brokerage operations to scale for future growth, As the transportation industry continues to grapple with numerous challenges, such as capacity constraints, resource shortages and supply chain disruptions, Descartes’ solutions allow freight brokers to operate at higher levels of efficiency, communicate more collaboratively with customers, and connect more easily with carrier partners." -Dan Cicerchi, General Manager, Transportation Management at Descartes About G&S Logistics Based in Minnesota, G&S Logistics is the brokerage arm of the asset-based trucking organization Punt Companies. For more information, visit www.gandslogistics.com. About Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

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MANAGEMENT

Dexter, a Subsidiary of DexKo Global Inc., Acquires HiSpec Wheel & Tire, Inc.

DexKo Global Inc | March 16, 2022

DexKo Global Inc., the global leader in highly engineered trailer running gear, chassis assemblies, and related components, announces that its wholly-owned subsidiary, Dexter Axle Company ("Dexter") has acquired HiSpec Wheel & Tire, Inc. ("HiSpec") located in Mishawaka, IN. Established in 1995, HiSpec designs and provides aluminum and steel wheels, tires, and related accessories to the RV, trailer and transportation industries. The company has earned a reputation for offering the safest and most innovative wheel & tire assemblies in the industry, while providing the highest level of customer service and satisfaction. Dexter, headquartered in Elkhart, Indiana, employs over 3,800 people in the U.S. and Canada and operates 18 manufacturing facilities and over 30 company-owned distribution locations. Founded in 1960, Dexter has built a reputation as a trusted brand serving utility trailer, recreational vehicle, marine, heavy-duty, agricultural, specialty equipment manufacturers and distribution partners. "Uniting Dexter and HiSpec allows us to offer a more comprehensive line of safety related towing products to all our customers and business partners. We are very excited to bring the HiSpec team into the Dexter family while providing an improved product offering to our valued customers," states Adam Dexter, President and CEO of Dexter. "I am excited to welcome the HiSpec team into the Dexter family. We continue to see opportunity to improve our ability to offer even better products and service to our customers through our distribution and direct channels," adds Fred Bentley, CEO of DexKo Global. "HiSpec fits very well within our strategy, and we expect to see significant benefit to the combined business. We continue to demonstrate our ability to effectively acquire complementary companies and integrate them." "We have worked with Dexter for twenty years, I feel very comfortable that we are passing the baton to a team with great integrity and experience. It will be gratifying to see DexKo take HiSpec to the next level in the years to come." -Brad Richards, President and Founder of HiSpec. The team at HiSpec is thrilled to be part of the Dexter organization," states Joe Katona, General Manager of HiSpec Wheel & Tire. "Combining our resources strengthens our position and ability to provide our customers with superior and more efficient service. DexKo Global Inc. is the world's leading supplier of advanced chassis technology, chassis assemblies and related components with more than 130 years of experience in trailer and caravan components. DexKo Global was founded at the end of 2015 through the combination of Dexter and AL-KO Vehicle Technology. With its headquarters in Novi, Michigan, the company employs more than 7,000 associates with 52 production facilities and 49 distribution centers. For more information, please go to www.dexko.com.

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TRANSPORTATION

Morgan Truck Body Unveils Electrified Truck Dry Freight Body of the Future During Work Truck Week 2022

Morgan Truck Body | March 10, 2022

Customers eager to transition to an electrified fleet can see the future up close as Morgan Truck Body unveils a prototype 24-foot dry freight cargo van body at Work Truck Week, March 8-11, 2022 in Indianapolis.“As Morgan Truck Body celebrates its 70th year, we are pushing forward with our goal to provide the most innovative EV solutions by working with Navistar to integrate our next-generation bodies with their electrified chassis,” says Tom Diez, Vice President Sales and Marketing at Morgan Truck Body, the largest manufacturer of medium-duty freight and refrigerated van and truck bodies in North America. “The last several years have also brought significant changes in e-commerce, middle- and last-mile delivery, and the movement of household goods. The demand for moving trucks, daily rentals and delivery box trucks has exploded as well as the demand for EV-focused fleets. Morgan is focused on customer solutions for the transition to zero-emission freight transportation.” “Navistar is committed to a zero-emission future and is proud to collaborate with Morgan on innovative electric chassis and body solutions,The partnership between Morgan and Navistar highlights the success of collaboration and technology integration as well as future possibilities with electric vehicle technology. This integration has led to new ideas and future product considerations that will continue to improve our customer experience and ensure successful adoption of electric vehicles as part of a holistic ecosystem solution.” -Jason Gies, Vice President, eMobility Business Development, Navistar. The Morgan Truck Body prototype incorporates new technologies and innovative features including: Weight Reduction – Engineered to offset the added weight associated with EV chassis, Morgan is using advanced composite wall panels and lighter materials for the frame, subframe and accessories to address payload capacity concerns, all without compromising structural integrity. Improved Aerodynamics – Addition of cab-mounted fairing, side skirting and wheel covers to extend operating range by reducing aerodynamic drag. Enhanced Situational Awareness – Cameras, sensors, and artificial intelligence designed to alert drivers to possible road hazards and distracted driving behavior, 360-degree vision systems that provide both the driver and loading personnel full visibility to the surrounding environment, and interior cargo cameras to detect hazardous load shift conditions. Morgan is investing heavily in manufacturing capacity for mounting commercial truck bodies to an electrified chassis. Strategic locations will be upgraded with charging infrastructure, new tools and processes, as well as training to ensure we are ready for this new future,” says Corby Stover, Vice President of Engineering at Morgan Truck Body. In addition to our current R&D efforts, we are developing an Innovation Lab at our Morgantown Headquarters that will be dedicated to improving materials and processes for EV upfitting solutions. Morgan Truck Body is painting a new picture for the future with plans for exciting EV-centric commercial truck body technologies. About Morgan Truck Body, LLC Those who depend on trucks to move their business choose Morgan Truck Body. As the company celebrates its 70th Anniversary, Morgan remains committed to its mission to design, build, sell, and support the most reliable truck bodies in the world, as the preferred global partner providing innovative middle-mile solutions connecting the world’s supply chain. Founded in 1952 and headquartered in Morgantown, PA, Morgan Truck Body is the largest manufacturer of light- and medium-duty truck bodies in North America. Morgan employs over 2,300 team members in 14 manufacturing locations and 8 service centers across the United States and Canada. Morgan Truck Body, LLC is a subsidiary of JB Poindexter & Co, an owner-operated business enterprise providing best-in-class automotive and manufacturing goods and services. www.MorganCorp.com About Navistar Navistar, Inc. (“Navistar”) is a purpose-driven company, reimagining how to deliver what matters to create more cohesive relationships, build higher-performing teams and find solutions where others don’t. Based in Lisle, Illinois, Navistar or its subsidiaries and affiliates produce International® brand commercial trucks and engines, IC Bus® brand school and commercial buses, all-makes OnCommand® Connection advanced connectivity services, and Fleetrite®, ReNEWed® and Diamond Advantage® brand aftermarket parts, and includes a Brazilian manufacturer of engines and gensets, MWM Motores Diesel e Geradores. With a history of innovation dating back to 1831, Navistar has more than 14,500 employees worldwide and is part of TRATON SE, a global champion of the truck and transport services industry. www.Navistar.com

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SOFTWARE AND TECHNOLOGY

Greenscreens.AI to Sponsor The Word on the Street powered by BETA Consulting Group

Greenscreens.AI | April 29, 2022

Pricing has been a challenge for shippers, brokers and carriers since freight started rolling down the line, and it has persisted to be an archaic aspect of the freight industry. Greenscreens.AI is changing that by providing innovative, dynamic solutions to minimize the challenges within the industry, creating unprecedented levels of transparency. "The freight industry has shifted into a more dynamic, unpredictable state primarily because consumers and B2B now maintain an expectation of a faster, more efficient shipping process. If logistics service providers hope to survive in this climate, they need to adapt their pricing strategies so they can quickly respond to real-time market conditions. Trey is an incredible voice who is continually advocating for this type of technology initiative. Greenscreens.AI is addressing these problems by providing real-time dynamic pricing using the most advanced AI and machine-learning technology available in the industry. This partnership was a perfect match." -Kevin Coomes, Vice President of Sales at Greenscreens.AI. The partnership includes Greenscreens.AI sponsorship of all episodes of The Word on the Street, a weekly podcast that includes 10 logistics professionals, including Trey, the host of the show and Founder & CEO of BETA Consulting Group. "In looking for a partner to sponsor The Word on the Street and to welcome me as a brand ambassador, there are only two criteria that guide my decisions: Do I believe in the product/service? And do I believe in the people behind it? In the case of Greenscreens.AI, it was a resounding 'yes' to both criteria, as they continue to revolutionize the ability to understand and predict pricing based on real-time intel, true machine learning and AI," states Griggs. Greenscreens.AI has partnered with leading organizations that understand the power of a connected ecosystem and want to revolutionize the digital evolution of logistics. By connecting people, price, demand and supply, in the systems you and your trading partners already use, Greenscreens.AI and our partners together enable a truly digital dynamic sourcing experience. Our Marketing Partners and Advisors, like BETA Consulting Group, have a shared vision on the power of dynamic pricing in a connected ecosystem. Through collaboration with these partners, we jointly work to build market awareness of the Greenscreens.AI brand and the future of dynamic pricing for the logistics industry. "We're thrilled to partner with Trey and BETA Consulting Group on our journey to transform the industry together. Trey has continued to prove himself to be a thought-leader with a very pragmatic approach to addressing decades-old industry challenges. Our decision to partner with him and his organization was a no-brainer, and we very much look forward to working together," -Dawn Salvucci-Favier, CEO of GreenScreens.AI About BETA Consulting Group BETA Consulting Group is a sales & marketing consulting firm based out of Wildwood, Missouri, focused on sales, marketing & leadership, specifically branding, messaging, content creation and distribution. Led by founder Trey Griggs, an 11-year veteran in the transportation, logistics & supply chain industry, BCG offers unique, service-based solutions alongside consulting to create dynamic strategies and powerful deliverables. BCG also produces multiple podcasts, including The Word on the Street and Standing Out. To learn more, visit www.betaconsultinggroup.com. About Greenscreens.AI Greenscreens.AI is a dynamic pricing infrastructure for the logistics industry that delivers buy and sell-side market intelligence and business insights to help you grow and protect your margins. We exist to help our customers quote with confidence & win more business…more profitably. Our solution combines the power of aggregated market data and your company's data with advanced machine learning techniques to deliver short-term predictive freight market pricing specific to your company's individual buying and selling behavior. For more information about Greenscreens.AI visit www.greenscreens.ai.

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Spotlight

The 2017 Modern Supply Chain Experience in San Jose, CA was an immense success. This highlight video showcases renowned keynote speakers, enthusiastic customers and partners, and other great moments throughout the three-day event.

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