Shipwell | May 18, 2022
Shipwell, an industry leader in cloud-based shipping and logistics, announced the release of a load optimization feature built directly into the company’s transportation management system (TMS). This feature helps customers significantly reduce the time it takes to plan and route shipments, the costs associated with moving them and the carbon emissions produced by the carriers hauling them.Combining orders into shipments is often a manual process done by an individual or team within the logistics department, who utilize third-party software or spreadsheets outside of their TMS.
“Shippers finding ways to optimally consolidate orders into shipments and route those shipments with the fewest number of trucks required is critical, With the ever-increasing capacity constraints since the start of COVID-19, exacerbated by crunches such as produce season, load optimization is one of the biggest areas of need. Even with rates for truckload dry van and reefer dropping from historic highs, packing multiple customer orders into the most ideal mode allows a greater quantity to be dispatched at once, greatly reducing both the costs for the shipper and the number of miles those shipments need to travel before reaching their destination.”
-Shipwell co-founder and CEO Greg Price
How load optimization works to help shippers
Shipwell’s load optimization feature leverages a proprietary algorithm to assess each individual order’s details, including size, weight, locations, pickup and delivery times. In a matter of seconds, the orders are consolidated into the most cost-efficient routes and modes. By utilizing Shipwell’s integrated pricing intelligence tool, the feature forecasts individual load rates and compares them to optimized routes to provide a clear picture of the potential savings.
The feature eliminates customers’ need to manually import and export data from third-party planning tools while providing shippers with the ability to customize load plans. Whenever an order is manually added or removed from a shipment plan, the algorithm automatically recalculates the cost and most efficient route for the shipment. The tool helps planners save time and money.
We used to spend four to five hours per week manually planning our shipments and looking for multi-stop truckload opportunities that would lower our shipping costs, said Debbie Lombardo, shipping manager at Tarrier Foods, a Columbus-based supplier of candy and nuts. “Shipwell’s load optimization feature has changed how we operate, and has helped us uncover routes we wouldn’t have considered, or realized were an option.
Beta customers who partnered with Shipwell in developing the load optimization tool have realized savings ranging from 20% to 40% through consolidating their orders into full truckload or less-than-truckload shipments, and routing the trucks in the most efficient routes possible — all while ensuring delivery windows are met.
Load optimization makes it easy for me to find consolidation opportunities that save us money and minimize our shipping costs,” said Angela Steele, head of inventory and planning at Crowd Cow, a Seattle-based supplier of sustainably sourced meat and seafood. I had never scheduled freight before, and Shipwell made the process so easy to learn and stay on top of all the moving pieces. After only a month of running freight, I now feel confident in my ability to work with carriers and know that I am getting the best rates.
Efficient routing using the tool also ensures the shippers may reduce the carbon footprint of their shipments. One beta customer was able to reduce more than 10,000 pounds of carbon emissions by slashing the distance driven by more than 2,700 miles for just one shipment batch.
To learn more about the ways that Shipwell enables shippers to efficiently plan and route shipments, request a demo today.
In a world where shipping expectations and complexity are greater than ever, Shipwell is on a mission to empower supply chain efficiency at scale across every company size, stage, and industry. Supply chain solutions today are highly disconnected, rigid, and difficult to use, but Shipwell is disrupting the status quo. Our solution combines everything our customers need in a comprehensive platform that adapts as the market and business demands change, so they can effectively manage the entire process in one place and never have to rip and replace. Shipwell is proud to be recognized by industry experts as a leader in shipping and logistics, including Gartner Magic Quadrant for TMS, Forbes 2020 Next Billion-Dollar Startup, and was named fourth fastest-growing company in North America on the 2021 Deloitte Technology Fast 500. To learn more, visit www.shipwell.com.
E2open | April 26, 2022
E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, announces that its strategic alliance partner, KPMG LLP is building a new E2open practice to help clients transform their enterprise with supply chain technology.The KPMG E2open practice will be focused on creating positive business outcomes and a more connected supply chain through technology adoption, services and expertise.
“We’re thrilled to strengthen our alliance relationship with KPMG and launch a dedicated E2open practice to drive more value for our mutual clients, This is yet another step in our stated strategy to expand our partnerships and partner ecosystem to best serve clients.”
-Michael Farlekas, chief executive officer of E2open
KPMG LLP Supply Chain Advisory Leader Rob Barrett, said, We look forward to servicing our mutual clients in building more connected, resilient supply chains through digital transformation. Our E2open practice will help guide that journey, from technology roadmap and operating capabilities to the skills and internal adoption that drives ultimate success.
“Our goal is to help clients achieve better results in managing their supply chains, and our alliance with KMPG is instrumental in that endeavor. We’re excited that KMPG is opening up a practice, which will include expanded transportation and logistics capabilities from E2open’s most recent acquisitions.”
-Heather Generes, general manager, channel and growth at E2open
KMPG recently received the CONNECT 2022 Strategic Alliance Partner of the Year Award from E2open at its annual client conference.
About KPMG LLP
KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 145 countries and territories and has close to 236,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy. Learn more at www.kpmg.com/us.
At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from customers, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply, logistics and global trade ecosystems. E2open is changing everything. Demand. Supply. Delivered.™ Visit www.e2open.com.
TuSimple Holdings, Inc. | February 04, 2022
TuSimple (Nasdaq: TSP), a global autonomous driving technology company, today announced that Union Pacific Railroad, the largest Class I railroad in the U.S., will become the first customer to move freight on TuSimple's fully-automated trucking route between the Tucson and Phoenix, Arizona metro areas. Union Pacific is leveraging Loup Logistics (Loup), a wholly-owned subsidiary, to coordinate the freight shipment and support seamless movement between rail and the critical first and last mile. Starting this spring, TuSimple plans to carry Driver Out freight for Union Pacific, utilizing groundbreaking AV (autonomous vehicle) technology to deliver goods to their destination faster and more cost-effectively.
Partnering with TuSimple allows us to extend our operations beyond our rail hubs and serve our customers faster and more efficiently, This groundbreaking autonomous driving technology and our partnership provide us a significant opportunity to scale the technology in our network, proactively reducing global supply chain congestion."
Kenny Rocker, Executive Vice President – Marketing & Sales, Union Pacific.
Building on its accomplishment of the world's first Driver Out semi-truck run on December 22, 2021, TuSimple is today reporting an additional six successful fully autonomous runs. The seven total runs covered over 550 cumulative miles on open public roads without a human in the vehicle, without any teleoperation, and without any traffic intervention. Runs were conducted in various roadway conditions, including dense early-evening traffic and "back-to-back" runs on the same night.
Going forward, TuSimple plans to continue its 'Driver Out' program and progressively expand its scope to incorporate daytime runs and new routes while making regular improvements to its proprietary AV technology. By the end of 2023, TuSimple plans to achieve commercial viability by initiating continuous 'Driver Out' paid freight operations in a significant shipping area such as the 'Texas Triangle.'
Our repeatable and scalable 'Driver Out' operations marks a significant inflection point in our company's history. We are the world's first to complete all of the features of AV trucking technology, We are proud of our on-time delivery of this historic milestone and are excited to shift our full focus to commercializing our ground-breaking technology on an accelerated timeline."
Cheng Lu, President, and CEO, TuSimple.
TuSimple continues to advance autonomous freight lanes across the sunbelt, making the movement of freight safe, fast, and efficient. To scale its operations in preparation for a nationwide expansion, the company recently provided technical specifications to commercial real-estate developers to prepare for future autonomous trucking operations, including a million square foot state-of-the-art facility within a 27,000-square-acre development as part of the AllianceTexas.
To date, TuSimple has over 11,000 unique mapped miles in its Autonomous Freight Network and plans to continue to scale its operations to support its distribution partners.
About Union Pacific
Union Pacific (NYSE: UNP) delivers the goods families and businesses use every day with safe, reliable, and efficient service. Operating in 23 western states, the company connects its customers and communities to the global economy. Trains are the most environmentally responsible way to move freight, helping Union Pacific protect future generations.
TuSimple is a global autonomous driving technology company, headquartered in San Diego, California, with operations in Arizona, Texas, Europe, and China. Founded in 2015, TuSimple is developing a commercial-ready, fully autonomous (SAE Level 4) driving solution for long-haul heavy-duty trucks. TuSimple aims to transform the $4 trillion global truck freight industry through the company's leading AI technology, which makes it possible for trucks to see 1,000 meters away, operate nearly continuously, and reduce fuel consumption by 10%+ relative to manually driven trucks.
6 River Systems | September 16, 2020
A spike in e-commerce volumes driven by coronavirus travel restrictions may slow down after a safe vaccine is eventually found, but its impact on fulfillment automation processes is here to stay, according to a top executive at Shopify, an e-commerce platform for small and medium-sized businesses (SMBs). As the pandemic prevented consumers from congregating in brick and mortar stores, so many of them turned to e-commerce shopping that the online retail sector experienced five years’ worth of growth in the past three months alone, Shopify’s chief technology officer, Jean-Michel Lemieux, said today. From less than 1% in 2000, the share of e-commerce retail sales as a percent of total retail sales rose to 5% in 2011 and 10% in 2018 before leaping above 16% during the second quarter of 2020, according to statistics from the U.S. Census Bureau. That curve may soon begin to flatten a bit, but the post-Covid “new normal” will feature e-commerce levels in the range of 20%, 30%, or even 40% of all retail, Lemieux said in remarks at Flow 2020, the annual user conference held by autonomous mobile robot (AMR) vendor 6 River Systems. Ottawa, Ontario-based Shopify acquired Waltham, Massachusetts-based 6 River in 2019 for $450 million in a bid to use its collaborative "Chuck" robots to boost fulfillment efficiency for warehouse staffers managing inventory for distribution. That deal looked at first like amazon.com's move to buy Kiva Systems Inc. in 2012 for $775 million, and then take the product off the market, keeping its robots for the sole use of Amazon’s own DCs. But Shopify was quick to say that it will continue selling 6 River’s Chuck bots to the entire logistics market, and Lemieux reiterated that stance today.