MANAGEMENT

GXO Partners with Sente Foundry to Accelerate Logistics Innovation

GXO Logistics | May 17, 2022

GXO Partners with Sente Foundry
GXO Logistics, Inc. (NYSE: GXO), the world’s largest pure-play contract logistics provider,  announced a new partnership with Sente Foundry (“Sente”), a global startup investment and innovation platform that brings corporations, public institutions and investors together to discover high-potential technology startups with inventive ideas and scalable solutions that can help solve today’s greatest supply chain challenges.

“Our partnership with Sente reflects our ongoing commitment to providing our customers with cutting-edge automated solutions that increase safety, productivity, accuracy and scalability, We look forward to working with Sente to identify innovators around the world that are using emerging technologies to develop game-changing solutions to make logistics a competitive advantage.”

-Sandeep Sakharkar, Chief Information Officer, GXO

During the year-long collaboration, Sente will conduct a global search for and evaluation of the world’s most promising technology-focused startups. The start-ups will be selected specifically for their potential to help GXO meet its strategic priorities, including accelerating warehouse innovation for customers that are increasingly looking to automate their logistics operations.

Sente COO Gerod Carfantan, leader of Sente’s Supply Chain and Transportation domain, said, “We’re excited by this opportunity to connect GXO with startups with scalable groundbreaking ideas. Today’s logistics challenges are increasingly complex, and GXO has led the way globally with creative solutions, innovation and collaboration. We’re inspired by GXO’s mission to realize logistics at full potential and we look forward to helping the company achieve even greater success.”

About GXO Logistics
GXO Logistics, Inc. (NYSE: GXO) is the world’s largest pure-play contract logistics provider and is benefiting from the rapid growth of ecommerce, automation and outsourcing. GXO is committed to providing a diverse, world-class workplace for approximately 120,000 team members across more than 900 facilities totaling approximately 200 million square feet. The company partners with the world’s leading blue-chip companies to solve complex logistics challenges with technologically advanced supply chain and ecommerce solutions, at scale and with speed. GXO corporate headquarters is in Greenwich, Connecticut, USA. Visit GXO.com for more information and connect with GXO on LinkedIn, Twitter, Facebook, Instagram and YouTube.

About Sente Foundry
Sente Foundry, LLC (“Sente”) is a Chicago-based early-stage startup investment program that works with corporations, family offices, and institutional investors to connect startups with innovative and scalable opportunities using its unique “CVC-as-a-Service” platform. Sente searches the world for the most high-potential startups and helps them scale through partnerships with its partners. With Sente, startups can scale faster and do so internationally; investors get line-of-sight and a new way to invest in the world’s most promising startups; and corporations accelerate innovation like never before. Since its founding in 2013, Sente has supported early-stage companies that operate in over 40 countries, have received over $35 million in funding, and have generated revenues exceeding $80 million. Find Sente online at sente.link, LinkedIn, and Twitter.

Spotlight

Regardless how advance your organisation is in supply chain competency it is important to understand the link between strategy and the supply chain: what performance level must the business achieve to be competitive? What level of development team is required to achieve desired results? What systems your organisation you will use to have right data to drive right decision? What is the core processes your team or you need to master on? What role should the supply chain play for the current business environment and in the future?


Other News
LOGISTICS

Arrive Logistics Acquires Cross-Border Business from Forager

Arrive Logistics | February 02, 2022

Arrive Logistics, a multimodal transportation and technology company, announced today that it has acquired Forager Group's cross-border business and proprietary platform. The acquisition enables Arrive to strengthen its cross-border services and technology offerings in Canada and Mexico, further executing the company's strategy to expand its service portfolio. Forager Group's team of cross-border specialists and industry leading technology are excellent additions to our business, By integrating Forager's cross-border platform into our transportation management system, Arrive can continue to deliver and expand services to Forager's customers while providing new capabilities to our existing partners. Through the network, expertise, and technology of both organizations, Arrive will scale our cross-border footprint into an industry leader." Matt Pyatt, Founder and CEO of Arrive Logistics. This acquisition will equip Arrive to deliver better visibility into cross-border shipping, leveraging purpose-built technology to generate value and provide a one-stop-shop freight experience. Increases in cross-border trade, in-sourcing and near-sourcing are expected to continue to rise over the next five years which point to a growing need for these specialized capabilities within the logistics space. Arrive Logistics provides the scale and capital needed to grow Forager's existing cross-border business, We look forward to continuing to support Forager's customers leveraging Arrive's team and technology. Arrive is one of the industry leaders in domestic truckload, and our shared philosophy in company culture and how we prioritize ease of doing business for our partners made this acquisition a natural fit." Matt Silver, founder and CEO of Forager Group, Inc. The new capabilities further strengthen Arrive's leadership position as a fast-growing transportation company while fulfilling the company's goal of expanding its breadth of services and driving strong growth. About Arrive Logistics Arrive Logistics is a leading multimodal transportation and technology company delivering unparalleled service and custom strategic solutions. With over 1,500 employees, 4,000 customers, and 50,000 carriers in its network, Arrive is one of the largest firms in the 3PL industry, having surpassed $1.6 billion in 2021 revenue. The company has been recognized as a top workplace in Austin by Built in Austin and The Austin Statesman and in Chicago by The Chicago Tribune.

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FREIGHT

Einride Unveils Expanded Product Offerings at First User Conference, Einride Mesh

Einride | May 21, 2022

Swedish freight technology company Einride announced at Einride Mesh the unveiling of new product offerings to its hardware and software lineups including designs for an Einride Trailer and new features and functionality on the Einride Saga platform. These build outs of the Saga UI experience via new apps and a new API (application programming interface) developer platform, in addition to presenting what is possible for the future of Einride’s hardware, further underline the company’s deepening offering of freight mobility solutions for customers. “By offering these latest product offerings with Saga and showcasing our latest designs for future electric freight hardware, we are able to tap into an even larger potential to help shippers transition towards electric and being able to cost competitively reach their sustainability goals, We’re looking at almost an entire sector that is still non-electric, and we want to speed up this transition by proactively seeking out what the future needs of the growing electric, autonomous shipping industry will be and creating the necessary solutions.” -Robert Falck, Founder and CEO of Einride. First of its kind electric semi-trailer: the Einride Trailer Hardware designs for an all-new Einride Trailer, an electric road semi-trailer powered by Saga were unveiled as a solution to optimize fleet utilization and the total cost of operations. Designed for seamless integration with Einride electric and autonomous vehicles for optimal performance, the trailer will also be compatible with conventional electric semi-trucks. Enabled by Saga, the Einride Trailer will provide AI based insights into the cargo being transported by providing real-time data across key touch points including loading route planning, fill rates, cargo monitoring and preventative maintenance. An extended range of up to 650 km on a single charge will be possible with all-new Einride 320 kwh batteries that will be incorporated with the Einride Trailer production. The designs will continue further iterations, with plans to have production for initial piloting complete in 2023. Einride Saga’s powering of electric fleets continues to expand Saga’s all-encompassing digital platform features a suite of powerful apps for end-to-end electric and autonomous freight and was originally launched in 2021 in conjunction with the official Einride U.S. expansion. Today marked the first time an expanded and revised UI of the first original apps, Evolve, Explore, Book and Orchestrate, were showcased. Existing and new customers will have access to these latest features starting in October of this year. Evolve: generates plans to electrification and automation by identifying electrification sweet spots and defining potential environmental impact Explore: visualizes data across cost insights, fill rates, CO2 emissions, and more Book: tracks shipments from creation to final delivery and can be integrated with shippers current order management system Orchestrate: bridges communications between automated transport planning and human interaction to ensure the entire network of electric trucks and chargers are displayed in real time. An API developer platform, Einride Extend, allowing access and scalable adoption of Einride’s software to a larger ecosystem of shippers was also unveiled, in addition to sneak peeks of three additional apps – Deliver, Dock, Own. Einride Extend: the API developer platform will make use of Saga's models, data and intelligence available across open-source software. An alpha version of the Book API will be the first available offering on the platform, opening up a scalable way to order transport via Einride Saga. The platform will be available at the end of 2022 to existing customers. Deliver, Dock and Own: further app features across driver instructions, connections between shipping terminals and profitability monitoring will be introduced in future platform updates. Apps will be officially released in 2023. Inaugural Einride Mesh celebrates collaboration across tech, sustainability and culture Einride Mesh 2022, hosted in Gothenburg, Sweden and streamed globally, was the first of a new annual event hosted by Einride celebrating the movers and shakers across tech, sustainability and culture. The day featured programming to encourage learning, networking and discussions, featuring keynotes from renowned entrepreneurs and innovators such as Olympian Nils van der Poel and leaders from other sustainable brands, X Shore, Heart Aerospace, Mimbly and CAKE, along with others. Full demos of the latest Einride products were also showcased by Einride leadership team members across Product and Tech. “Our goal with the inaugural Einride Mesh was simple: create a platform for thought leaders to come together and share how we can create a better future, regardless of what industry we sit in, To see leaders, students, investors and culture influencers gather together is a true testament to the impact that is possible for creating sustainable futures when wider audiences collaborate together.” -Linnéa Kornehed, co-founder and CMO of Einride. To learn more about Einride please visit https://www.einride.tech/. For shippers or developers working with road freight and interested in finding out more about Saga and applying for early access, visit www.einride.tech/saga. About Einride Einride is a leading freight technology company providing digital, electric, and autonomous shipping. It was founded in 2016 and became the world’s first company to operate an autonomous, electric freight vehicle on a public road in 2019. Einride´s award-winning technology and products enable users to execute on electrification and automation, order and track shipments, oversee routes and assignments, visualize data and gain insights. For more information, please visit einride.tech.

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TRANSPORTATION

Penske Adds Ford E-Transit Cargo Vans to its Rental and Leasing Fleet

Penske | April 19, 2022

Penske Truck Leasing today announced it has ordered 750 all-electric Ford E-Transit cargo vans. The company is taking delivery of its first several vehicles in the next several weeks. The move follows successfully piloting the vehicles late last year.We're excited to help bring these new vehicles to market as both a rental and full-service lease option for our customers," said Art Vallely, president of Penske Truck Leasing. "We continue to expand and diversify our fleet of electric vehicles and to offer new options for customers seeking more sustainable choices when it comes to transportation. Penske's first Ford E-Transit vehicles will be made available in Southern California with other locations around the U.S. phased in later in the year. These are the first light-duty electric trucks to be made available in Penske's rental and leasing fleet, as previously announced. Once these Ford E-Transit electric zero tailpipe emission vehicles go into service, they will be made available for both rental and longer-term full-service leasing. Penske's long-term plans include adding more of these units to its wider network of rental and leasing locations across North America. The Ford E-Transit is the first all-electric cargo van from a full-line automaker in North America as the electric version of the Ford Transit. It has an estimated range of 126 miles. Penske Truck Leasing will display the Ford E-Transit and other electric vehicles within its booth at the upcoming Advanced Clean Transportation (ACT) Expo in Long Beach, California. Penske Truck Leasing is a Penske Transportation Solutions company headquartered in Reading, Pennsylvania. A leading global transportation services provider, Penske Truck Leasing operates more than 372,000 vehicles and serves customers from more than 1,300 locations in North America, South America, Europe, Australia and Asia. Product lines include full-service truck leasing, contract maintenance, commercial and consumer truck rentals, used truck sales, transportation and warehousing management and supply chain management solutions. Visit www.pensketruckleasing.com to learn more.

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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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Spotlight

Regardless how advance your organisation is in supply chain competency it is important to understand the link between strategy and the supply chain: what performance level must the business achieve to be competitive? What level of development team is required to achieve desired results? What systems your organisation you will use to have right data to drive right decision? What is the core processes your team or you need to master on? What role should the supply chain play for the current business environment and in the future?

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