SUPPLY CHAIN

EasyPost introduces SmartRate, a new API that Predicts Shipment-Level Transit Times Based on Historical Carrier Performance

EasyPost | May 13, 2021

EasyPost, a leading provider of shipping APIs that address difficult logistics challenges for online retailers, today announced the release of SmartRate, a new API that provides shippers with highly reliable shipment-level transit times based on a historical analysis of billions of shipments across all major and regional carriers. Merchants can save up to 70% on optimized shipments by using SmartRate.

“On-time delivery is critical to customer satisfaction and repeats business,” said Jarrett Streebin, Founder and CEO of EasyPost. “Whether it's next day, two days, or ground shipping, it's just about exceeding customer expectations. The SmartRate API is the data product that e-commerce companies cannot survive without.”

SmartRate specifically assists shippers in the following ways:


• Save Money on Shipping - SmartRate predicts transit times through a range of on-time delivery percentiles, allowing customers to choose the lowest-cost option that fits their deliverability requirements.

• Improve On-Time Delivery - SmartRate predicts a time in transit using historical carrier performance combined with a sophisticated predictive data model, resulting in more accurate predictions than using carrier estimates alone.

• Enhance the End-Customer Experience - SmartRate enables the ability to provide exceptionally precise delivery estimates for all shipment options available at checkout.

EasyPost's shipping, tracking, and address verification APIs for USPS, FedEx, UPS, DHL, as well as other carriers have been shown to save online merchants up to 74% on their annual shipping costs.

About EasyPost
EasyPost provides a Shipping API that solves difficult logistics challenges for online merchants, allowing them to provide a pleasant online shopping experience to customers. Our unique Shipping APIs provide eCommerce retailers, fulfillment facilities, marketplaces, and enterprises with end-to-end flexibility and control over parcel shipping and logistics processes.

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LOGISTICS

Universal Logistics Holdings, Inc. Announces Preliminary Results of its Self-Tender Offer

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). About Universal 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.

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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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SUPPLY CHAIN

Certa Launches Next Evolution of Third-Party Risk Management Amid Record Supply Chain Disruption

Certa | July 01, 2022

Certa – a leading supplier management platform – released Studio 2.0, a new version of its industry-leading no-code workflow design product, to help organizations more effectively navigate and overcome supply chain disruptions.Amid ongoing globalization challenges, record inflation, and a looming recession, procurement teams need speed and flexibility to adapt to market changes. Studio 2.0 equips businesses with exactly that – enabling procurement to rapidly onboard new suppliers, optimize compliance, and manage risk in a more flexible manner, without any IT bottlenecks. “The COVID-19 pandemic and war between Russia and Ukraine have proven that interconnectedness comes with great vulnerability. Governments are requiring greater hygiene with rules and regulations that make international business relations harder than ever. As a result, companies are confronted with compliance challenges and are quickly reorganizing their supply chains, Certa enables businesses to overcome today’s market complexity and manage the entire supplier lifecycle at scale – from quickly onboarding and ensuring compliance, to continuously monitoring risk and ESG rankings. Throughout the global chaos, we’ve seen too many businesses playing catch up because IT couldn't respond to their needs fast enough. Studio 2.0 solves this problem by enabling business users to quickly and easily change business processes and onboard new partners.” -Jag Lamba, founder, and CEO of Certa According to recent research from Forrester, 87 percent of procurement decision-makers recognize the importance of accelerating their response to the ever-changing market. However, as procurement teams tackle the reorganization of supply chains, the burden of onboarding, managing compliance, and mitigating risk is heavier than ever. Supplier onboarding and partner management have become an organization’s first line of defense against growing security concerns, new regulations, and volatile consumer demands. Certa is a lifeline for businesses that need to quickly partner with new suppliers in the wake of global changes, regulations, and skyrocketing costs. Certa’s enhanced capabilities with this new release empower businesses to easily manage compliance through a constantly evolving supplier landscape, all while mitigating the inherent risk that comes along with market fluctuation and volatility. In a time where trusted partners have never been more critical, Certa’s Studio 2.0 allows businesses to be more agile and informed than ever before. Certa’s Studio 2.0 is the next generation of Certa’s no-code platform, allowing users greater flexibility with new modules, clear visibility into process dependencies, and a more responsive, drag-and-drop interface that all business users can navigate to significantly reduce the timeline and level of effort required to create a customized solution.Certa Studio 2.0 is now available to new and current customers. To learn more, please visit: getcerta.com For more information, visit www.getcerta.com. Follow Certa on Twitter and LinkedIn to stay up to date. ABOUT CERTA: Based in the San Francisco Bay Area, Certa is a leading no-code supplier lifecycle management platform, eliminating onboarding bottlenecks, and empowering companies to easily do business with good companies. Founded in 2015, Certa uses more than 100+ integrations with trusted data sources and systems to automate and orchestrate workflows, allowing for 3x quicker third-party vendor onboarding while minimizing risk and increasing transparency. Certa has onboarded over a million companies across 120 countries for clients that range from leading tech firms to Fortune 500 companies. Learn more at https://www.getcerta.com.

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TRANSPORTATION

Oatly Adds Electric Trucks to Its North American Transportation Logistics

Oatly Group AB | June 10, 2022

Oatly Group AB (Nasdaq: “OTLY”) (“Oatly” or the “Company”), the world’s original and largest oat drink company, announced today the introduction of electric powered, heavy-duty trucks to the Company’s ground transportation in North America. Finding initial success with utilizing electric trucks as part of the Company’s transportation operations in Europe beginning in 2020, Oatly now expands the initiative to include an initial fleet of five electric trucks in the U.S. As part of its ambition to set an example as a future company, Oatly aims to shift to 100% sustainable ground transport for its products and materials by 2029. The introduction of electric trucks within U.S. operations helps build toward this ambition. “Oatly is on a mission to transform the global food system into one that is healthier for people and the planet. A critical part of that system includes the transportation we and the broader food and beverage industry utilize across the supply chain,” said . Any improvements we can make across our business to have less of an impact on the environment, including within our transportation logistics, is a step in the right direction and something we constantly strive for at Oatly. We’re thrilled to get these electric trucks on the road in North America and continue our global transition to sustainable ground transportation.” -Chi Mbachu, VP of Logistics at Oatly, North America Einride, a leader in providing electric and autonomous shipping solutions and Oatly’s existing electric shipping partner in Europe, now serves as the Company’s freight mobility partner in North America. For Oatly, Einride provides electric freight solutions including connected electric trucks, charging infrastructure and connectivity services, all powered by Einride Saga, which manages a proprietary operating system that ensures optimized and efficient shipping. Based on estimates from Einride, utilizing this fleet of five trucks in the U.S. will save Oatly an estimated 400,000 kg of CO2 over the next year, as compared to using diesel trucks on the same routes. That’s a carbon footprint reduction of 87% on selected routes, as compared to using diesel trucks. Oatly is utilizing its fleet of five electric trucks from its two currently operating factories in the U.S., located in Ogden, UT and Millville, NJ. Multi-purpose routes are scheduled routinely from Oatly plants to nearby recycling and packaging partners. As one of the first companies in Europe to implement a fleet of heavy-duty electric trucks beginning in October 2020, Oatly operates four electric trucks across various routes in the region, specifically in Sweden, which operate 24/7 live transports between Oatly production facilities and warehouse partners. In Europe, Oatly sees an 87% reduction in CO2 utilizing the fleet of four electric trucks, compared to diesel equivalents on the same routes and expects to save 2,000 tons of CO2 in the European region by the fifth year of the initiative’s operations. Eighteen months since launch, this projection remains on track. About Oatly We are the world’s original and largest oat drink company. For over 25 years, we have exclusively focused on developing expertise around oats: a global power crop with inherent properties suited for sustainability and human health. Our commitment to oats has resulted in core technical advancements that enabled us to unlock the breadth of the dairy portfolio, including alternatives to milks, ice cream, yogurt, cooking creams, spreads and on-the-go drinks. Headquartered in Malmö, Sweden, the Oatly brand is available in more than 25 countries globally.

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