Echo Global Logistics, Inc | May 06, 2022
Echo Global Logistics, Inc. ("Echo"), a leading provider of technology-enabled transportation and supply chain management services, and Roadtex Transportation Management, Roadtex Transportation, and Roadtex Corp ("Roadtex"), a leading provider of integrated temperature-controlled supply chain solutions, today announced that they have signed a definitive agreement for Echo to acquire Roadtex.
"We've been following Roadtex and are very impressed with their capabilities, With this transaction, Echo not only adds a national warehouse footprint but also broadens its temperature-controlled service offerings and customer base."
-Doug Waggoner, Chief Executive Officer of Echo
Roadtex brings an expertise with temperature-controlled deliveries into big box retail that few can match," said Dave Menzel, President and Chief Operating Officer at Echo. Not only will this help Echo expand in this area, but we are also bringing on an experienced, well-regarded management team led by co-founders Bruno Ciacciarelli and Bob Kelly, and we are excited about the opportunity to partner with them.
Through an integrated, national, value-added warehousing and distribution ("VAWD") network including 32 strategically located food grade cross dock facilities, 5 of which are VAWD facilities that provide a suite of contract logistics solutions, Roadtex's network covers 85% of the U.S. population within a 24-hour shipping period.
"We are excited to have our dedicated team of professionals join the Echo family, As we have gotten to know the Echo team it was clear our cultures are very similar, and the benefits to joining the Echo team would be substantial for our team members and clients."
-Bruno Ciacciarelli, Co-Founder, Head of Transportation & Administration at Roadtex
Roadtex delivers customized, end-to-end solutions that exceed the stringent pickup, handling, delivery and chain of custody requirements of customers serving attractive, recession-resistant end markets with favorable, long-term growth prospects.
Because Roadtex interacts with 100% of the top 10 big box retailers on a daily basis, we have long-standing relationships and expertise that we look forward to bringing to Echo," said Bob Kelly, Co-Founder, Head of Sales & VAWD at Roadtex. "The opportunity to offer these services and our national warehouse footprint to Echo's clients, while Bruno and I continue to lead Roadtex, will unlock significant synergies.
Stifel served as the financial advisor to Roadtex. Kirkland & Ellis, LLP served as legal advisor to Echo. Zukerman Gore Brandeis & Crossman, LLP served as legal advisor to Roadtex.
About Echo Global Logistics
Echo Global Logistics, Inc. is a leading Fortune 1000 provider of technology-enabled transportation and supply chain management services. Headquartered in Chicago with more than 30 offices around the country, Echo offers freight brokerage and Managed Transportation solutions for all major modes, including truckload, partial truckload, LTL, intermodal, and expedited. Echo maintains a proprietary, web-based technology platform that compiles and analyzes data from its network of over 50,000 transportation providers to serve 35,000 clients across a wide range of industries and simplify the critical tasks involved in transportation management. For more information on Echo Global Logistics, visit: www.echo.com.
About Roadtex Transportation Corporation
Roadtex Transportation Corporation is a leading nationwide provider of integrated temperature-controlled supply chain solutions to the confectionery, food, nutrition, and pharmaceutical mass retailer end-markets. Founded in 1992 and based in Somerset, New Jersey, Roadtex maintains a base of 32 strategically located food grade cross dock facilities, 5 of which are VAWD facilities that provide a suite of contract logistics solutions. Roadtex supports a diverse group of blue-chip clients, managing their time and temperature sensitive product shipments. For more information on Roadtex visit: www.roadtex.com.
FleetOps | April 01, 2022
FleetOps, North America's fastest-growing capacity aggregation and freight matching platform built exclusively for brokers and third-party logistics, is excited to announce its most recent integration with Turvo, provider of the world's leading collaboration application designed for the supply chain. Turvo connects people, systems and organizations allowing shippers, logistics providers, and carriers to unite their supply chains, deliver outstanding customer experiences, collaborate in real-time, and accelerate growth. Through this partnership, Turvo customers will have access to FleetOps' growing network of more than 227,000 drivers.
For freight brokerages using Turvo, this new integration will allow for easy posting of loads, access to quality capacity, onboarding of carriers, and booking of loads directly within the Turvo platform. Additionally, the partnership will give brokers the ability to reduce the number of external applications required to run their business and maintain their current transportation management system (TMS) processes while allowing access to a new subset of carriers interested in hauling their loads. With trucks driving empty 20% of the time, providing automated load matching is more important than ever.
"Turvo's commitment to providing a comprehensive supply chain management solution to its customers is unmatched, and we are excited about this partnership and opportunity to further their efforts,Without this integration, brokers typically resort to unnecessary and time-consuming manual processes such as outbound calling, email blasts, and negotiations. Through this partnership, FleetOps will proactively bring trucking companies to brokers by aggregating capacity across load boards, then provide easy access to this information through Turvo's TMS platform."
-Chris Atkinson, CEO of FleetOps.
This partnership will be instrumental in saving brokers' time - from easy posting of loads to on-the-spot booking, all within a platform they already use, We are constantly looking for ways to streamline processes and offer efficiencies to our customers, and this integration with FleetOps will further support our efforts.
Founded in 2017, FleetOps is an on-demand freight marketplace that matches freight from brokers to carriers with available capacity. The system does this by leveraging driver Electronic Logging Device data and Artificial Intelligence to improve on existing systems and increase efficiency in trucking.Currently boasting more than 227,000 drivers available to haul loads, the company has raised more than $8.5 million to date from investors including Resolute Ventures and Inspired Capital. FleetOps has existing partnerships with Convoy, Edge Logistics, FleetComplete, and Loadsmart.Visit FleetOps.ai to learn more.
Turvo provides the world's leading collaboration application designed specifically for the supply chain. Turvo connects people and organizations allowing shippers, logistics providers, and carriers to unite their supply chains, deliver outstanding customer experiences, collaborate in real-time, and accelerate growth. The technology unifies all systems, internal and external, providing one end-to-end solution to execute all operations and analytics while eliminating redundant manual tasks and automating business processes. Turvo's customers include some of the world's largest, Fortune 500 logistics service providers, shippers, and freight brokers. Turvo is based in the San Francisco Bay Area with offices in Dallas, Texas, and Hyderabad, India. (www.turvo.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.
SOFTWARE AND TECHNOLOGY
T-Mobile | May 10, 2022
T-Mobile (NASDAQ: TMUS) announced that Battle Motors has selected the Un-carrier as the preferred provider of IoT connectivity and management for thousands of new Battle Motors batterLike consumer automotive, the commercial truck industry is moving swiftly to embrace EV technology — and Battle Motors is no exception. Their RevolutionOS™, powered by T-Mobile's nationwide network, delivers actionable data and information to drivers and fleet managers that they can use to enhance efficiency, safety, and security. As part of this long-term agreement, T-Mobile for Business will deliver 4G LTE connectivity to Battle Motors trucks for near real-time sharing of battery range and usage information, historic and near real-time location and trip data, timely preventative maintenance warnings, over-the-air software, and firmware updates — as well as the truck's full bill of materials, such as VIN-specific information, parts, and manuals.
Every new Battle Motors class seven and class eight "heavy-duty" EV truck — like the ones that haul garbage, dirt, and freight — will come with a factory installed, ruggedized digital instrument cluster that runs RevolutionOS™. And thanks to the power and reliability of T-Mobile's nationwide network, Battle Motors’ RevolutionOS™ will let customers view and update critical information directly from the truck, or remotely from a desktop computer or mobile device, just by scanning a QR code!
Additionally, T-Mobile Control Center will give Battle Motors the ability to view and manage the connectivity of their trucks. With the automation and provisioning capabilities of T-Mobile’s IoT platform, Battle Motors can easily accelerate deployment of their growing line of trucks. Battle Motors will have near real-time visibility to all their commercial trucks with the ability to monitor network conditions and device behavior with T-Mobile Control Center.
In the near future, Battle Motors expects to leverage the Un-carrier's 5G network to meet industrial-sized challenges for years to come as their trucks’ capabilities advance and the demands on connectivity increase. T-Mobile is poised to push IoT to its full potential and catapult adoption — paving the way for new electric vehicle applications that rely on low-latency, high-speed data, and real-time location and proximity-based services.
“Our primary focus has been on driving technology and innovation that gives our customers value and peace-of-mind when it comes to maintenance, efficiency, safety and compliance, Together with T-Mobile, we’re able to merge analytics and operations to put rich, real-time decision-making data to work for our customers.”
-Battle Motors CSO, Paul Marsolan.
While we continue to grow our business market share, it energizes us to work with forward thinking companies that demonstrate leadership in areas like sustainable commercial transportation, said Callie Field, President, T-Mobile Business Group. Reliable connectivity, management and support is central to Battle Motors’ mission, and we’re honored that they entrusted their trucks and their customers to T-Mobile for Business.
For more information about IoT from T-Mobile for Business, visit www.t-mobile.com/business/solutions/iot.
To find out more about Battle Motors, go to www.battlemotors.com.
T-Mobile U.S. Inc. (NASDAQ: TMUS) is America’s supercharged Un-carrier, delivering an advanced 4G LTE and transformative nationwide 5G network that will offer reliable connectivity for all. T-Mobile’s customers benefit from its unmatched combination of value and quality, unwavering obsession with offering them the best possible service experience and undisputable drive for disruption that creates competition and innovation in wireless and beyond. Based in Bellevue, Wash., T-Mobile provides services through its subsidiaries and operates its flagship brands, T-Mobile, Metro by T-Mobile and Sprint. For more information please visit: https://www.t-mobile.com.
About Battle Motors
Battle Motors, a leader in the development of electric vehicle (EV) technology, acquired commercial vehicle Original Equipment Manufacturer (OEM), Crane Carrier Company, LLC (CCC) in 2021. Battle Motors is the leader in the vocational truck industry, providing work-ready diesel, clean natural gas (CNG), and now EV chassis designed and manufactured in North America for the refuse and recycling markets. Battle Motor’s durable, dependable trucks are built to excel in a multitude of applications that now include middle-mile and last-mile delivery. CCC has been manufacturing commercial vehicles for 75 years and is based in New Philadelphia, Ohio. For more information please visit: https://www.battlemotors.com and follow us @BattleMotorsy electric trucks rolling off the Ohio-based production line. And these trucks are getting smarter, thanks to Battle Motors' all new factory installed RevolutionOS™ EV software.