LOGISTICS

DSI Logistics has been Sold by Argosy Private Equity

DSI Logistics | April 27, 2021

Argosy Private Equity, a lower center market private value firm, today declared the offer of DSI Logistics Holding, LLC to Pilot Freight Services.

Established in 1997, DSI is a non-resource-based outsider coordination firm that has some expertise in white-glove, "last-mile" home conveyance, and appropriation administrations for retailers across the country. DSI is centered around hard merchandise classifications including home goods, sleeping cushions, gadgets, and machines.

In February 2019, Argosy banded together with minority financial backer Headhaul Capital Partners, a private value firm that centers around the transportation, coordination, and appropriation ventures to get DSI. After the underlying speculation, Argosy promptly started to execute its Value Acceleration Methodology ("VAM™"), by growing DSI's conveyance impression, expanding its emphasis on more modest clients, and starting an essential arranging measure.

"DSI's 20% yearly income development rate is dominating both the market and its companions. The most amazing part of DSI's solid development in the course of the most recent two years is entering 15 new states and markets, while as yet keeping up the undeniable degree of client assistance that our customers have generally expected," said Keven Shanahan, Partner, Argosy Private Equity.

"Argosy and Headhaul have been extraordinary accomplices for us and were very useful and powerful in our development. Their greatest commitment was working with us to construct the operational establishment to help development by upgrading both our kin and our abilities," said Jim Forman, the CEO at DSI.

About Argosy Private Equity
Argosy Private Equity, established in 1990, spends significant time in giving capital and working and monetary ability to bring down center market organizations across an expansive scope of businesses. Argosy accomplices with roused supervisory crews putting resources into organizations with economical upper hands and alluring development possibilities. Argosy Private Equity is a division of Argosy Capital Group, Inc. ("Argosy Capital") along with Argosy Real Estate Partners, Argosy Credit Partners, Argosy Strategic Partners, and Argosy Healthcare Partners. Argosy Capital is an SEC-enrolled speculation counsel with roughly $1.5 billion of resources under administration. The entirety of the Argosy Capital supports center around lower center market speculations.

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PROCUREMENT AND SOURCING,SUPPLY CHAIN

Flex receives 4th consecutive Lenovo EMEA Logistics Supplier of the Year Award

Flex | August 03, 2022

For the fourth year in a row, Flex (NASDAQ: FLEX) has been named as Lenovo EMEA Logistics Supplier of the Year. The award is recognition of Flex's ability to create a seamless experience for companies and their customers that is resilient and adaptable to rapidly changing global end market demands. The award was presented at the Lenovo EMEA Global Logistics Suppliers Conference attended by Lenovo's connected partner network. Flex's value added fulfilment services, which include vendor managed inventory, warehousing, fulfilment and last mile distribution, helped Lenovo deliver increased volumes across their PC & Smart Devices, Mobile, Server and Cloud business in what was a dynamic and highly challenging supply chain environment. Speaking at the virtual Lenovo Supplier Conference, where the theme was resiliency, intelligence and ambition, Lenovo Head of Global Logistics, Gareth Davies, said, "Never has there been greater challenges in the logistics space. There are multiple hurdles, including unprecedented supply and demand volatility, and significant transportation constraints. To these the Flex team really responded. Every one of our partners raised their game to help Lenovo navigate a volatile, high volume and challenging year, but Flex won out against strong competition for their outstanding performance." "We are honored to receive this award from our valued partner Lenovo. I am proud of the hard work and dedication of our teams across EMEA, in what was another highly unpredictable year for supply chains. Our team truly demonstrated our capability to be a trusted partner for a market-leading brand who needed to move fast, retain operational resiliency and maintain its competitive advantage." -Pat Ring, senior vice president and general manager for Flex Global Services and Solutions, Over 11,000 employees across 30 countries in Flex Global Services and Solutions (GSS) help customers manage how their products exist in the world through a range of value added services including fulfillment, logistics, aftermarket services and circular economy solutions. About Flex Flex (Reg. No. 199002645H) is the manufacturing partner of choice that helps a diverse customer base design and build products that improve the world. Through the collective strength of a global workforce across 30 countries and responsible, sustainable operations, Flex delivers technology innovation, supply chain, and manufacturing solutions to diverse industries and end markets.

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TRANSPORTATION

ENEL LAUNCHES NEW GLOBAL E-MOBILITY BUSINESS, ENEL X WAY

Enel | June 28, 2022

Enel, a Fortune 200 energy company that plans to decarbonize its business by 2040, has announced Enel X Way, its new global business line dedicated to smart electric vehicle infrastructure solutions. Enel X Way will focus exclusively on developing EV charging solutions and services to accelerate the adoption of EVs for consumers, companies, cities, and governments. The business is currently active in 17 countries across North and South America, Europe, and Asia and manages over 320,000 public and private charging ports directly and through roaming agreements. In North America, Enel X Way is headquartered in the heart of the Bay Area, San Carlos, Calif., and will support the rapidly increasing demand for electric vehicles and smart EV charging infrastructure with its portfolio of EV charging solutions, including the award-winning JuiceBox, which this year was recognized by CNET and Car and Driver as the "Best EV Charger Overall for 2022." According to BloombergNEF, EV sales in North America were up 88% in 4Q 2021, bringing the EV share of new car sales to 6.8% that quarter – the highest yet for the region. With more than 110,000 charging stations deployed across North America, EV drivers plug into an Enel X Way charging station every 2.6 seconds, and since launching its flagship consumer product in 2014, JuiceBox customers have avoided more than 510 tons of greenhouse gas emissions, equivalent to 1.3 million miles driven by an average gasoline-powered passenger vehicle.1 "The future is electric, and decarbonizing our energy and transportation systems will require smart infrastructure solutions to be the bedrock of this transition, Enel X Way was created to accelerate a sustainable transportation future for all. Becoming Enel X Way is a testament to Enel's increasing investment in electric mobility and commitment to supporting the larger clean energy transformation." -Elisabetta Ripa, CEO of Enel X Way. Under the new business line, Enel X Way North America is committed to further increasing sales and production, expanding its portfolio of solutions to include more commercial charging stations and growing its workforce with new highly skilled jobs to meet the evolving market needs. To help new EV drivers and businesses go electric, Enel X Way now offers 24/7 customer support and is helping customers leverage hundreds of millions of available incentive dollars across the United States and Canada as part of state, local and utility programs. Across North America, major automakers are doubling down on their electric vehicle plans, large corporations are electrifying their fleets, and new policies and incentives are accelerating more EV adoption,said Chris Baker, Head of Enel X Way North America. To further promote the spread of electric mobility, Enel X Way will strengthen its numerous partnerships around the world with electric vehicle manufacturers, private companies and public institutions and will leverage an 'interoperable system' by participating in roaming agreements and joint ventures to ensure that customers have access to an extensive and ubiquitous charging experience throughout North America, South America, Europe and Asia. This spring, Enel X Way will be launching new retail, automotive and utility partnerships, adding to its roster of commercial customers since releasing its commercial product line in 2020. About Enel X Way North America Enel X Way is a global leader in smart electric vehicle charging solutions with over 320,000 charging ports worldwide, including roaming agreements. As a subsidiary of Fortune 200 renewable energy leader, the Enel Group, Enel X Way is committed to providing smart mobility solutions for drivers, businesses and partners to make driving electric simple. Enel X Way's flagship home charging station, the JuiceBox, has been named the "best EV charger overall" in 2022 by CNET Roadshow. For more information, please visit our Enel X Way North American website here and follow us on Twitter, Instagram and Facebook @enelxwayna.

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FREIGHT

Sleek Technologies and Propero Consulting Automate Freight Procurement for Oracle Transportation Management (OTM) Users

Sleek Technologies | June 23, 2022

Sleek Technologies, the leader in freight procurement automation, announced its strategic partnership with Propero Consulting. Propero, an Oracle Partner, designs and implements innovative supply chain solutions that improve operational efficiencies. Together, Sleek and Propero will help OTM customers uncover resilience, sustainability, and cost reduction opportunities related to transportation management. “This strategic alliance supports our push towards freight procurement automation, OTM users will now have the ability to dynamically source compliant carriers through an AI-powered, self-regulated freight marketplace that eliminates waste such as brokers and RFPs.” -Mike Nervick, CEO of Sleek Technologies. Sleek Technologies uses proprietary AI and machine learning algorithms to dynamically match shipper loads to compliant carriers at the right time, location, and market price. Data seamlessly flows between Sleek and OTM, so customers gain a complete snapshot of truckload activity for stronger, data-driven decision making. ”Over the last 24 months, many shippers have identified the need to automate important supply chain processes and improve overall carrier capacity, Transportation management remains at the top of the list. This automated solution we’ve developed for OTM with Sleek turns the static freight procurement process into a dynamic real-time process, reducing truckload cost while improving on time delivery.” -Mauricio Ramirez, Managing Director of Propero Consulting. With a heightened focus on digital transformation, and a need to remain resilient especially during times of unknowns, innovative shippers have realized the old, antiquated way to procure freight no longer works. From dealing with outdated fixed pricing to waiting hours on load acceptance, freight procurement has been in desperate need of a revamp for decades. And innovative technology is proving to help overcome these long standing operational hurdles. About Propero Propero Consulting is an Oracle Partner that specializes in Oracle Supply Chain Applications such as Oracle Transportation Management (OTM), Global Trade Management (GTM), and Oracle Warehouse Management (WMS). Our mission is to deliver tangible value to our clients through best-in-breed supply chain solutions and best-in-class service. To learn more please visit our website. About Sleek Technologies: Sleek Technologies is the market leader in freight procurement automation. With AI-powered technology and 100% data transparency, Sleek Technologies uncovers resilience, sustainability, and cost-reduction opportunities that empower customers to always deliver products on time, at fair market cost. To join other shippers who have automated freight procurement, please visit the website.

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LOGISTICS

J&T Express Launches Network in Egypt, Further Expanding Global Footprint

J&T Express | June 22, 2022

J&T Express ("J&T"), an international express logistics company, announced that it has officially launched its network in Egypt. This is another major step in J&T's expansion in the Middle East North Africa (MENA) region, following the Company's launch of the network in the UAE and Saudi Arabia and announcement of establishing a smart logistics park in Riyadh. This latest expansion brings J&T Express' global network coverage to a total of thirteen countries, expanding its global delivery network to Africa markets beyond Asia and Latin America.E-commerce in the MENA region is fast catching up with global powerhouses. Egypt, as the most populous Arabic country, represents one of the most diversified economies in the MENA region. The total revenue of ecommerce in Egypt reportedly reached $5 billion in 2021. In line with the National e-Commerce Strategy, Egypt aspires to harness the power of e-commerce to help catalyze innovation, growth, and social prosperity in the digital economy. The rapidly growing e-commerce market presents significant opportunities for the express logistics industry. J&T Express has established one sorting center and 10 distribution centers, with its distribution network covering the full country except the North Sinai military command area. Following the company's entry into Latin America earlier this year, it is an important step for the company to continue to further cultivate emerging markets and expand its strategic global footprint. "J&T is an independent e-commerce enabler, offering express delivery solutions to leading e-commerce platforms. By leveraging our expertise of providing efficient and convenient services through our growing global operation network, J&T Express is set to contribute to the faster development of e-commerce in the MENA market and the launch in Egypt bears testament to our commitment to the region." -Charles Hou, Group Vice President of J&T Express Patrick Chen, Head of J&T Express Egypt, said, In view of rapidly increasing internet penetration, the Egyptian market is well-positioned to tap on existing opportunities to further e-commerce development. J&T Express is excited to establish a refined service network in Egypt and offer an efficient, convenient and quality logistics experience to local retailers and customers. With its network launch in Egypt, J&T Express' network now spans thirteen countries including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt, and serves over 2.5 billion people. About J&T Express J&T Express is a global logistics service provider with leading express delivery businesses in Southeast Asia and China, the largest and fastest-growing market in the world. Founded in 2015, J&T Express' network spans thirteen countries, including Indonesia, Vietnam, Malaysia, the Philippines, Thailand, Cambodia, Singapore, China, Saudi Arabia, the UAE, Mexico, Brazil and Egypt. Adhering to its "customer-oriented and efficiency-based" mission, J&T Express is committed to providing customers with integrated logistics solutions through intelligent infrastructure and digital logistics network, as part of its global strategy to connect the world with greater efficiency and bring logistical benefits to all.

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