iPhone 7: Apple just dropped the BIGGEST clue yet about its new smartphone's best feature

Apple Express | April 22, 2016

According to a US patent, Apple is looking into the possibility of creating a pair of headphones that seamlessly move between wired and wireless mode without interrupting playback.The headphones described in the patent could be the long-rumoured EarPods that Apple is believed to be developing for its upcoming iPhone 7 and iPhone 7 Plus, scheduled for release this September.Bluetooth headphones are nothing new – and most of the existing hardware on the market comes bundled with a cable that lets audiophiles revert to wired playback when the headphones are short on battery.But seamlessly moving between wireless and wired playback has a number of problems, and the latest Apple patent hints at how the company plans to solve them

Spotlight

Managing the transportation process at any organization – no matter the size can be complex and challenging. Here, we take a look at some of the key issues transportation leaders are facing, and how they’re using innovative technology and processes to find the solutions they need to succeed. Just 6 percent of companies believe they have achieved full supply chain visibility.


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SUPPLY CHAIN,TRANSPORTATION

Montway Auto Transport Announces Enhanced Visibility of the Automotive Supply Chain with New Digital Platform

Montway Auto | August 02, 2022

The transportation and logistics industry has lagged in the digitalization trend that has modernized other industries. Moving vehicles through the supply chain relies on manual tasks and multiple platforms, offering dealers little sense of where in-transit vehicles are until they arrive at the lot or are checked in at auction. Montway Auto Transport, one of the nation's leading third-party logistics brokerages, launched the Montway Automation Portal (M.A.P.), a digital platform that improves efficiency for both shippers and carriers, enables visibility of inbound and outbound vehicles for better inventory management and helps control or reduce transportation costs. "The challenges keep mounting for dealerships, auctions, rental car companies and other businesses that rely on vehicle movements and our business customers want innovations to help them gain a competitive advantage,The Montway Automation Portal provides the transparency they need to better manage inventories and increase speed to consumers." -Mike Trudeau, Executive Vice President of Business Development at Montway Auto Transport. M.A.P. is built on industry-leading, proprietary technology that leverages market-based pricing and a streamlined transportation management system. Users can enter a VIN or multiple VINs into the portal to receive pricing, book orders and track units in real-time to complete delivery via a user-friendly dashboard. Additionally, M.A.P. offers public tracking links users can share with end customers, on-demand pricing and a centralized location for storing digital records (proof of delivery documents, BOLs, gate passes and photos). "Digitization is a proven way to transform businesses and auto transport is no exception. M.A.P. was designed to modernize and optimize auto transport from creating orders to providing tracking of units through to delivery,Shippers now have real-time access to their transportation data, allowing them to manage inventory as well as understand and control transportation expenses." -Kaye Ceille, President, Business Solutions Group at Montway Auto Transport. For 15 years, Montway has been providing transparency and trust to our customers. This is one more way we deliver for our automotive partners and their customers. To learn more about Montway Auto Transport and M.A.P., please visit www.montway.com and www.montway.com/map. About Montway Auto Transport     Founded in 2007, Montway Auto Transport has grown to be the nation's leading automotive transport company supporting vehicle transport to all 50 states including Alaska and Hawaii, as well as Europe – offering extended service hours, 365 days a year.   In addition to a retail division serving the privately-owned vehicle market, Montway has a business solutions sector focused on the automotive logistics needs of enterprises in sales, remarketing, manufacturing, moving and relocation, and finance. Montway Auto Transport sets the industry standard for innovative logistics technologies and customer service.

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LOGISTICS,TRANSPORTATION

Schneider awarded Dedicated Traditional Operation Carrier of the Year Award from Dollar General

Schneider | June 30, 2022

Schneider (NYSE: SNDR), a premier multimodal provider of transportation, intermodal and logistics services is honored to have been named 2021 Dedicated Traditional Operation Carrier of the Year by budget retailer Dollar General. We are thrilled to be recognized by Dollar General for our continued dedication to superior service, said Schneider Senior Vice President of Van Truckload John Bozec. By working together, our relations continue to strengthen and create the best business outcomes. The award recognizes the operation with the highest combined service level, driver utilization and capacity goal across the Dry Goods Dollar General Network, which includes over 40 individual operations. “Outside of the metrics, we also see a relentless dedication to our business from Schneider associates and drivers – from executive leadership at headquarters, to the field, to the distribution center,” -Director of Outbound Transportation for Dollar General, Blake Reasons. Schneider offers a range of services to meet unique supply chain needs. To learn more about Schneider’s broad portfolio of transportation and logistics services, visit: https://schneider.com/our-services. About Schneider Schneider is a premier multimodal provider of transportation, intermodal and logistics services. Offering one of the broadest portfolios in the industry, Schneider’s solutions include Regional and Long-Haul Truckload, Expedited, Dedicated, Bulk, Intermodal, Brokerage, Warehousing, Supply Chain Management, Port Logistics and Logistics Consulting.With $5.6 billion in annual revenue, Schneider has been safely delivering superior customer experiences and investing in innovation for over 85 years. The company’s digital marketplace, Schneider FreightPower®, is revolutionizing the industry giving shippers access to an expanded, highly flexible capacity network and provides carriers with unmatched access to quality drop-and-hook freight – Always Delivering, Always Ahead.

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TRANSPORTATION

ButcherJoseph Advised Smith Transport, Inc. on Its Sale to Heartland Express Inc.

ButcherJoseph & Co. | June 09, 2022

ButcherJoseph & Co. (“ButcherJoseph”) advised Smith Transport, Inc. (“Smith” or the “Company”), an asset-based truckload carrier headquartered in Roaring Spring, Pennsylvania, on its sale to Heartland Express, Inc. (NASDAQ: HTLD) (“Heartland”). The transaction closed in June of 2022. Heartland acquired 100% of the equity of Smith and related companies for a cash-free, debt-free enterprise value of approximately $170 million. Smith was an S corporation for tax purposes, and the transaction included an election under Section 338(h)(10) of the Internal Revenue Code, resulting in tax deduction benefits over periods of one to fifteen years. The purchase agreement contains customary terms and conditions. The Roaring Spring, Pennsylvania property was acquired from its owners in a separate transaction for $14 million in cash and includes both the trucking terminal and 375,000 square feet of warehouse space that is leased to tenants. Barry Smith, Smith’s Founder and Chairman Emeritus, added, Building Smith Transport has been my life’s work, and I could not have found a better home than Heartland for the Smith family. They offer us long-term stability and the opportunity to grow as part of an industry leader, while retaining our own culture and identity. I look forward to being part of the team to ensure a smooth transition. “As an employee-owned company, our goal was to find the best value and the best home for our people for years to come. We had long thought Heartland was a great fit because of their regional presence, respect for professional drivers, and unsurpassed customer service that mirrors our own philosophies. With the ability to pay cash and invest in our headquarters, and the desire for Smith to remain an independent brand operated by the same people, the choice was clear. I’m excited to work with Mike Gerdin and the Heartland team to make this a success for everyone.” -Todd Smith, Smith’s President ButcherJoseph Managing Partner Joe Strycharz commented, “We’re delighted to have been able to advise Smith Transport in a transaction that met the Company’s strategic objective to remain an independent brand operated by the same people who helped build the company and its culture. The team conducted a thorough process to identify the right buyer and negotiate terms that met the needs of the employee stakeholders involved. Like Heartland, Smith is a dynamic company driven by a commitment to excellence. We couldn’t be happier with the outcome and look forward to the continued growth and future success of both Smith and Heartland.” About Smith Transport Founded in 1982, Smith Transport, Inc. is an asset-based truckload carrier headquartered in Roaring Spring, Pennsylvania, with terminal locations in Pennsylvania, Georgia, and Indiana. Smith primarily provides dry van transportation and other specialized services in the eastern United States. Smith’s customer base includes many Fortune 500 companies including expedited transportation integrators, retailers, beverage manufacturers, and home supply companies, several of whom have been customers for over 20 years. Smith operates a fleet of approximately 850 company tractors, with an average age of less than three years, and approximately 2,000 dry van trailers. The modern fleet is not expected to require any out of cycle investment. About Heartland Express Heartland Express, Inc. is an irregular route truckload carrier based in North Liberty, Iowa, serving customers with shipping lanes throughout the United States. Heartland focuses on medium to short haul regional freight, offering shippers industry-leading on-time service so they can achieve their strategic goals for their customers. Since its initial public offering in 1986, Heartland has grown from approximately $20 million in revenue to one of North America’s largest, most profitable, and best capitalized truckload carriers. Heartland has been recognized 18 times by Forbes Magazine as one of the Top 200 Best Small Companies in America, 17 times as one of the Best Truckload Carriers in America by Logistics Management Magazine, and as one of America’s Most Trusted Companies by Newsweek Magazine in 2022. About ButcherJoseph & Co. ButcherJoseph & Co. is a boutique investment banking firm specializing in ESOPs, mergers and acquisitions, private debt & capital sourcing and valuation advisory services for middle market companies. Its industry recognized team of professionals has executed 200+ transactions exceeding $15 billion in total value. ButcherJoseph is headquartered in St. Louis with a presence in Washington, DC and offices in Chicago, Charlotte, Scottsdale, and Nashville. Advisors Scudder Law Firm, P.C., L.L.O. served as merger and acquisition transaction and legal advisor to Heartland, while Utz & Lattan, LLC served as Heartland’s special ESOP counsel. Morgan, Lewis & Bockius LLP served as transaction counsel and McGuireWoods served as special counsel to Smith. Moore & Van Allen PLLC served as counsel to the ESOP trustee.

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LOGISTICS

Red Arts Capital, Top Supply Chain and Logistics PE Firm, Acquires First-in-Class Contract Packaging Business

Coregistics | June 27, 2022

Chicago-based private equity firm, Red Arts Capital, announced the acquisition of Coregistics, an award-winning, contract packaging services provider known for its flexibility and sophisticated systems. For Red Arts Capital, the deal comes on the heels of its most recent deal, the sale of the 104 year old trucking company MME to trucking industry titan Knight-Swift, for $150M. Coregistics is a leading national provider of packing-centric supply chain solutions including package and process design, materials sourcing and procurement, contract packaging, and distribution (3PL Services). The company is based in Acworth, GA and operates out of 17 facilities across the United StatesFounded in 2011, Coregistics serves domestic customers consisting primarily of CPG, food & beverage, and service parts. The company’s top customers, many of which are household names in their respective sectors, lean on Coregistics for scalable solutions for introducing their unique products to retail. Coregistic’s services span warehousing, fulfillment, e-commerce and direct-to-DC to direct-to-retail, direct-to-consumer, parcel, freight management, and last parcel sectors. The company has eleven client-embedded locations and operates out of a footprint of nearly three million square feet across its seventeen locations. Coregistics service offering fits squarely within Red Arts’ sector focus and investment approach in the supply chain space. Red Arts utilizes a thematic-driven process to investing, and has had a thesis in the contract logistics space for a number of years. The Red Arts team believes that past success and continued growth in e-commerce will positively impact packaging services demand, and Coregistics is well positioned to provide much needed third-party logistics services in the U.S. market. Chad Strader, Co-Founder and Managing Partner of Red Arts Capital, and a seasoned supply chain industry veteran, believes the addition of Coregistics to the Red Arts portfolio will be extremely beneficial for both parties. “The Coregistics team has demonstrated an extraordinary track record of excellence in contract logistics and packaging, which we believe stems from a team and culture laser-focused on high-quality service, We believe that Coregistics’ culture uniquely positions them to benefit from the growing range of packaging needs spurred by continued e-commerce developments. We are excited to be in partnership with them.” -Chad Strader, Red Art’s Co-founder and Managing Partner. Our culture is central to everything we do and is the foundation for the best-in-class service our team provides to our customers every day,said Eric Wilhelm, Coregistics’ Chief Executive Officer. The team at Red Arts Capital shares our belief in the importance of culture, dedication to excellence and best-in-class service and we are excited to welcome them as our new partner as we continue to grow our Company. Since the firm’s inception in 2015, Red Arts Capital has been a private equity leader in supply chain and logistics investing. The firm is led by Co-founders and Managing Partners, Chad Strader and Nicholas Antoine. Since founding the firm, Chad and Nick have overseen major investments in Sunset Pacific Transportation, Radius Logistics, and now Coregistics, as well as two exited deals in Midnight Express and Midwest Motors Express. Red Arts Capital is not only a historically successful PE firm, but one of the few firms that are black-founded and black-owned. Only 12 of the projected 4,500 PE firms in the U.S. are owned by African Americans.1 Brightwood Capital Advisors provided debt financing for the transaction and Greenberg Traurig, LLP served as legal counsel for Red Arts Capital. Republic Partners served as financial advisor to Coregistics in the transaction. Red Arts Capital Based in Chicago, Illinois, Red Arts Capital is a leading investment firm focused on supply chain-related, transportation and logistics businesses. Red Arts Capital seeks to partner with and invest in privately-owned, primarily family-owned, and multi-generational businesses with solid business fundamentals and a strong track record and reputation. With sector expertise and a commitment to stewardship and excellence, Red Arts Capital’s approach earns the firm a trusted seat at the table with portfolio companies, investors and partners. For more information about Red Arts Capital, please visit ​​www.redartscapital.com.

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Spotlight

Managing the transportation process at any organization – no matter the size can be complex and challenging. Here, we take a look at some of the key issues transportation leaders are facing, and how they’re using innovative technology and processes to find the solutions they need to succeed. Just 6 percent of companies believe they have achieved full supply chain visibility.

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