SUPPLY CHAIN

LocoNav Joins Forces with Locus as a Strategic Partner to enable digital transformation in the Global Logistics Industry

LocoNav | April 08, 2022

LocoNav Joins Forces with Locus
LocoNav, world's fastest-growing AI-driven full-stack fleet tech company, announced a strategic partnership with Locus. Through this partnership, LocoNav and Locus will enable digital transformation in the logistics industry by automating supply chain operations.Co-Founders - Shridhar Gupta and Vidit Jain, said, "Collaboration is the first step to growth and we couldn't have asked for a better partner than Locus to solve for complex supply chain challenges. This partnership will help us unlock great value for the entire ecosystem, supporting us in our mission to democratize fleet tech.

"We are extremely excited about our collaboration with LocoNav and are looking forward to adding more value for enterprise customers with our last-mile optimization platform. This collaboration will help us empower our enterprise clients with a world-class fleet visibility tool."

-Pranjal Swarup, Director Partnerships, Locus

Locus uses machine learning, deep tech and proprietary algorithms to solve complex last-mile problems. Inefficiencies like delays caused by congestion, suboptimal routes, accidents or cargo thefts, and excessive fuel consumption - caused by speeding, idling or harsh acceleration, can negatively impact a delivery business.

Loconav's fleet management solutions (FMS) that include offerings such as track & trace, fuel monitoring, onboard diagnostics with real-time alerts, rich analytics, customized reports, and more will help locus optimize multiple vehicle operations. End-to-end visibility gives Locus's clients the opportunity to enhance operational efficiency, reduce costs and streamline customer experience.

Pranjal Swarup, Director Partnerships, Locus
Founded in 2016, LocoNav is a full-stack fleet software company focused on democratizing access to fleet technology across global emerging and high-growth markets. Powered by AI and IoT LocoNav solutions empower fleet owners and operators to achieve operational efficiencies, cost savings along with driver and vehicle safety. Operating in over 50 countries LocoNav has raised $37M in a Series B round from Quiet Capital, Anthemis Group, Sequoia Capital India, Fundamental, RIT Capital Partners, Uncorrelated Ventures, Village Global, among others. LocoNav was awarded the Best Software Solutions Provider of the Year: SaaS in Startup 2022 by Entrepreneur India. https://loconav.com/

Spotlight

What does the logistics market look like in The Netherlands in 2010 and what are the distinguishing factors that characterise this market? To answer this question, Supply Chain Magazine (SCM) has, literally, put the Dutch logistics market on the map....


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TRANSPORTATION

TuSimple Co-Founder Mo Chen Launches Hydron, Producing Hydrogen-Powered Autonomous-Ready, Freight Trucks

Hydron | June 13, 2022

Mo Chen, Co-Founder of San Diego-based autonomous driving company TuSimple (Nasdaq: TSP), has started a new company, Hydron, committed to developing, manufacturing, and selling hydrogen-powered trucks equipped with L4 autonomous driving technology. Chen is set on transforming long-haul freight transportation through hydrogen-powered autonomous trucks making trucking safer, cleaner, and more efficient, minimizing the carbon footprint of class 8 heavy-duty trucks globally.Chen, a Canadian entrepreneur, co-founded self-driving technology company TuSimple with business partner Xiaodi Hou in 2015. Tusimple quickly attracted the attention of global logistics giant UPS, who invested in the company back in 2019 before TuSimple went public through a traditional IPO raising $1.3 billion in total funding. In December of 2021, TuSimple cemented its status as the leader in the development of AI-powered autonomous driving software by becoming the first and only company to successfully operate long-haul heavy-duty trucks autonomously on open public roads without a human in the vehicle and without remote intervention. "The path to commercializing autonomous vehicles requires the complex integration of both hardware and software, The biggest challenge in bringing autonomous driving to the market at scale is not software development, but access to reliable mass production hardware, and now with Hydron, we will be able to provide automotive-grade hardware specifically for autonomous networks." -Mo Chen, Chief Executive Officer at Hydron. Hydron plans to become a leading provider of hydrogen-powered autonomous trucks and refueling infrastructure through partnerships to become a complete solution provider for autonomous driving companies, commercial fleets, and leading carriers. Hydron also plans to collaborate with partners to build a manufacturing facility in North America to better meet the U.S. supply chain challenges. The first generation of Hydron trucks is expected to enter mass production in Q3 of 2024, with a complete set of sensors, computing units, and redundant actuators to meet L4 autonomous driving requirements. Hydron is a privately held independent company and is not affiliated with TuSimple. About Hydron Hydron, Inc. is a Southern California-based company committed to the development, manufacturing, and sales of purpose-built autonomous ready trucks powered by hydrogen fuel cells. Hydron aims to become the leading provider of hydrogen-powered autonomous trucks and refueling infrastructure and will focus on the North American, European, and Middle Eastern markets.

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SOFTWARE AND TECHNOLOGY

Greenscreens.AI to Sponsor The Word on the Street powered by BETA Consulting Group

Greenscreens.AI | April 29, 2022

Pricing has been a challenge for shippers, brokers and carriers since freight started rolling down the line, and it has persisted to be an archaic aspect of the freight industry. Greenscreens.AI is changing that by providing innovative, dynamic solutions to minimize the challenges within the industry, creating unprecedented levels of transparency. "The freight industry has shifted into a more dynamic, unpredictable state primarily because consumers and B2B now maintain an expectation of a faster, more efficient shipping process. If logistics service providers hope to survive in this climate, they need to adapt their pricing strategies so they can quickly respond to real-time market conditions. Trey is an incredible voice who is continually advocating for this type of technology initiative. Greenscreens.AI is addressing these problems by providing real-time dynamic pricing using the most advanced AI and machine-learning technology available in the industry. This partnership was a perfect match." -Kevin Coomes, Vice President of Sales at Greenscreens.AI. The partnership includes Greenscreens.AI sponsorship of all episodes of The Word on the Street, a weekly podcast that includes 10 logistics professionals, including Trey, the host of the show and Founder & CEO of BETA Consulting Group. "In looking for a partner to sponsor The Word on the Street and to welcome me as a brand ambassador, there are only two criteria that guide my decisions: Do I believe in the product/service? And do I believe in the people behind it? In the case of Greenscreens.AI, it was a resounding 'yes' to both criteria, as they continue to revolutionize the ability to understand and predict pricing based on real-time intel, true machine learning and AI," states Griggs. Greenscreens.AI has partnered with leading organizations that understand the power of a connected ecosystem and want to revolutionize the digital evolution of logistics. By connecting people, price, demand and supply, in the systems you and your trading partners already use, Greenscreens.AI and our partners together enable a truly digital dynamic sourcing experience. Our Marketing Partners and Advisors, like BETA Consulting Group, have a shared vision on the power of dynamic pricing in a connected ecosystem. Through collaboration with these partners, we jointly work to build market awareness of the Greenscreens.AI brand and the future of dynamic pricing for the logistics industry. "We're thrilled to partner with Trey and BETA Consulting Group on our journey to transform the industry together. Trey has continued to prove himself to be a thought-leader with a very pragmatic approach to addressing decades-old industry challenges. Our decision to partner with him and his organization was a no-brainer, and we very much look forward to working together," -Dawn Salvucci-Favier, CEO of GreenScreens.AI About BETA Consulting Group BETA Consulting Group is a sales & marketing consulting firm based out of Wildwood, Missouri, focused on sales, marketing & leadership, specifically branding, messaging, content creation and distribution. Led by founder Trey Griggs, an 11-year veteran in the transportation, logistics & supply chain industry, BCG offers unique, service-based solutions alongside consulting to create dynamic strategies and powerful deliverables. BCG also produces multiple podcasts, including The Word on the Street and Standing Out. To learn more, visit www.betaconsultinggroup.com. About Greenscreens.AI Greenscreens.AI is a dynamic pricing infrastructure for the logistics industry that delivers buy and sell-side market intelligence and business insights to help you grow and protect your margins. We exist to help our customers quote with confidence & win more business…more profitably. Our solution combines the power of aggregated market data and your company's data with advanced machine learning techniques to deliver short-term predictive freight market pricing specific to your company's individual buying and selling behavior. For more information about Greenscreens.AI visit www.greenscreens.ai.

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TRANSPORTATION

Shipwell Introduces Load Optimization as Part of Its Transportation Management System

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. About Shipwell 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.

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MANAGEMENT

BBF GLOBAL LOGISTICS JOINS ARMSTRONG RELOCATION & COMPANIES

BBF GLOBAL LOGISTICS | April 07, 2022

BBF Global Logistics, LLC ("BBF"), a Memphis-based transportation brokerage company, has joined Armstrong Relocation & Companies ("Armstrong")—an industry-leading provider of moving, relocation and supply chain solutions. This transaction elevates BBF's portfolio of services through the additional resources Armstrong has to offer. While many businesses were focused on remaining operational through the pandemic, BBF President Alexander Folk launched the logistics firm in June 2020 with co-founders William Melford and Nick Bogdanovic. All three businessmen brought different areas of logistics expertise to the company. "We each have a good pulse of what is going on in the logistics industry and what issues people are experiencing, so we were confident going into this, even during the pandemic," Folk said. Since inception, BBF has experienced significant growth. "We look forward to expanding our transportation management and brokerage model, as well as customer solutions with Armstrong-owned assets," said Folk. "As Armstrong is seeking to expand our supply chain solutions, we quickly recognized the synergies between the two companies, the cultural alignment and the complementary value BBF provides. Alexander and team have established an incredible foundation upon which we are eager to grow." -Todd Watson, CEO of Armstrong Relocation & Companies BBF will now operate as Armstrong Transportation Management, LLC. About BBF Global Logistics BBF Global Logistics was founded as a transportation brokerage company in Memphis, Tenn. in 2020. BBF Global started as a freight brokerage provider with full truckload shipping for its more than 100 customers. And while freight is the focal point of BBF Global, Folk continues to make strategic business decisions to grow the company, meet industry demands and cater to customers' needs. About Armstrong Relocation & Companies A family-owned company, Armstrong Relocation was founded as a single operating company based in Memphis, Tenn. in 1957 and has since grown to be an industry-leading provider of moving, relocation and supply chain solutions. With 31 owned-locations, over 400 drivers, 1,400 employees and more than three million square feet of warehouse space, Armstrong's current services include residential and commercial relocation and storage, international freight forwarding, domestic transportation management, logistics and warehousing. For more information about Armstrong visit ArmstrongRelocation.com.

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Spotlight

What does the logistics market look like in The Netherlands in 2010 and what are the distinguishing factors that characterise this market? To answer this question, Supply Chain Magazine (SCM) has, literally, put the Dutch logistics market on the map....

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