LOGISTICS

ParcelPal Announces Agreement with a Major Logistics Carrier in the United States

ParcelPal | December 06, 2021

ParcelPal Logistics Inc. (the “Company” or “ParcelPal”), (OTC:PTNYF) (CSE:PKG) (FSE:PT0) is pleased to announce that, as part of the Company’s broader plan to continue to diversify its customer base and execute on additional profitable business engagements, it has engaged a leading e-commerce parcel logistics company operating primarily in the western United States, for which we will act as a subcontractor.

Their network provides companies an affordable way to speed up ground delivery so they can lower their shipping costs and delight their customers with world-class service. Their service area includes California and the major metropolitan areas of Arizona, Nevada, Oregon, Washington, Utah, Colorado and Idaho—an area that is home to over 65 million consumers.

This new client is a leading West Coast business in last-mile delivery, and ParcelPal will be doing same day and next day daily work for them on a subcontractor basis, similar to the one in place already with their largest current client. ParcelPal continues to focus on being the partner of choice for last-mile e-commerce deliveries in the western United States.

“We are thrilled to be working with another major client that shares our culture of world-class service, and which marks the future in e-commerce last-mile delivery on a larger scale. This is also a testament to the extraordinary efforts of our team members to build a leading parcel carrier and logistics business. This is the next chapter in our steadfast commitment to our rapid expansion in the United States and marks our largest organic client in the United States to date. We expect this agreement to generate USD $1M plus a year in gross revenue over the course of 12 months on a profitable basis. I will continue to work hard to not only diversify and expand our client base but to create additional value for our shareholders.”

-CEO Rich Wheeless

About ParcelPal Logistics Inc.
ParcelPal is a Vancouver, British Columbia based company that specializes in last-mile delivery service and logistics solutions. We are a customer-driven, courier and logistics company connecting people and businesses through our network of couriers in major Canadian cities including Vancouver, Calgary, and Toronto, and now in the western region of the United States. Some of our verticals include pharmacy & health, meal kit deliveries, retail, groceries and more.


Neither the Canadian Securities Exchange (“CSE”), the Securities and Exchange Commission nor any other securities regulatory authority has reviewed and do not accept responsibility for the adequacy or accuracy of this news release that has been prepared by management.

Spotlight

The capacity crunch has been a core concern of shippers for several years, but as 2018 draws closer to the holiday shopping season, it will become a bigger problem. LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable. Unfortunately, the worsening of the driver shortage is pushing more full truckload carriers to turn existing trucks into LTL space. LTL capacity is quickly becoming severe, and full truckload carriers have already started to turn away freight.


Other News
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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SOFTWARE AND TECHNOLOGY

SWVL EXPANDS INTO CENTRAL EUROPE VIA ACQUISITION OF MASS TRANSIT SAAS PLATFORM DOOR2DOOR

SWVL | March 26, 2022

Swvl Inc. ("Swvl" or the "Company"), a global provider of transformative tech-enabled mass transit solutions, announced a definitive agreement to acquire door2door, a European high-growth mobility platform that partners with municipalities, public transit operators, corporations, and automotive companies, providing software for on-demand mobility, multimodal routing and mobility analytics. The closing of the door2door transaction is subject to customary closing conditions and is expected to be completed in Q2 2022. Founded in 2012 with the mission of making cities smarter, door2door has developed a leading proprietary MaaS software platform that can be easily integrated into any existing transit network. door2door has a strong commercial track record with 70 deployments across 10 European countries and approximately 24% market share in Germany, Europe's largest mass transit market. Swvl and door2door share a commitment to expanding access to affordable transportation and unlocking economic, social, and environmental benefits for riders and their communities. Mostafa Kandil, Swvl Founder and CEO, said, "Swvl and door2door share an ongoing commitment to disrupting traditional public transportation systems with tech-enabled mobility solutions focused on accessibility, convenience and sustainability. door2door's impressive foothold in Europe, and particularly DACH2, complement Swvl's recent growth efforts, including our acquisitions of controlling interests in Shotl and Viapool, which launched the Swvl platform in Europe and Latin America, respectively. By significantly expanding our European footprint and furthering our MaaS and SaaS capabilities, we continue to deliver on our growth objectives, while effectively scaling the Swvl platform to key additional geographies." Transaction Highlights: The transaction with door2door will create a leading global mass transit player, with synergies on offerings, geography, partnerships and product domain: Boosts Swvl's momentum of growth and expansion in Europe and beyond by bringing the Company's total geographic presence to more than 20 countries on 4 continents. Leverages door2door's impressive growth track record, with 45% CAGR in number of customers from 2018-2021, >90% customer retention and 7.5x revenue growth from 2017-2021. Provides compelling market opportunities with access to more than 100 additional European cities. Provides a launch pad when combined with Shotl to tap into the $22.5 billion SaaS/TaaS market in Europe, where door2door brings a deep understanding of market dynamics. Unlocks the full potential of SaaS for Swvl through door2door's proprietary mobility orchestration platform with fleet operations management, insights and reporting, and a driver, passenger and attendant application combined with strong technology in the form of a white-label engine, API integration and free floating options. Allows Swvl to integrate door2door's scalable technology stack with Swvl's proprietary technology to predict and identify latent demand, create routes around demand clusters, create dynamic routes and cost efficient plans, price supply through bidding, and enhance dynamic pricing capabilities. Enables partnerships with municipalities, public transit operators, corporations, non-emergency medical transportation and smart city organizations, and automotive companies. 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Now we are looking forward to leveraging the combined capabilities of our platforms to alleviate many of the burdens and inefficiencies posed by traditional commuting methods." -Dr. Tom Kirschbaum, door2door Co-CEO Maxim Nohroudi, door2door Co-CEO, said, With Swvl and door2door joining forces today we are building a global mass transit company. Swvl's outstanding TaaS experience adds value to our European customers, while door2door complements Swvl with MaaS solutions and B2G capabilities. Together, we are catering to diverse mass transit challenges worldwide, providing a truly global mobility platform. Youssef Salem, Swvl CFO, said, "The acquisition of door2door provides us with a leading position in Central Europe, attractive SaaS revenue base and pipeline, complementary suite of new mobility products, strong hub in Berlin and a launch pad for further European and global expansion across marketplace and SaaS offerings. 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The Company's platform provides complimentary semi-private alternatives to public transportation for individuals who cannot access or afford private options. Every day, Swvl's parallel mass transit systems are empowering individuals to go where they want, when they want – making mobility safer, more efficient, accessible, and environmentally friendly. Customers can book their rides on an easy-to-use proprietary app with varied payment options and 24 / 7 access to high-quality private buses and vans.Swvl was co-founded by Mostafa Kandil, who launched Carmudi in the Philippines, which became the largest car classifieds platform in the country in just six months. He then served as Rocket Internet's Head of Operations. In 2016, Kandil joined Careem, a ride-sharing company and the first unicorn in the Middle East, where he launched services in multiple new markets.For additional information about Swvl, please visit www.swvl.com. About door2door door2door is a European high-growth mobility platform providing software solutions for on-demand shared mobility, multimodal routing and mobility analytics. The Berlin-based company licenses its B2G/B2B mobility software to municipalities, mass transit operators, transit agencies, corporations, and automotive companies, with 70 deployments across 10 European countries and approximately 24% market share in Germany, Europe's largest mass transit market. Founded by Dr. Tom Kirschbaum and Maxim Nohroudi with the goal of making cities smarter, door2door has been appointed by LinkedIn as "Top-10 Startup in Germany" and "European Company of the Year".

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TRANSPORTATION

Enghouse Transportation Partners with Switchio To expand Transit Customer Payment Offering

Enghouse Transportation | April 13, 2022

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SOFTWARE AND TECHNOLOGY

ePost Global Expands to Florida

ePost Global | June 16, 2022

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Spotlight

The capacity crunch has been a core concern of shippers for several years, but as 2018 draws closer to the holiday shopping season, it will become a bigger problem. LTL capacity has routinely been used as a source of added capacity when full truckload becomes unavailable. Unfortunately, the worsening of the driver shortage is pushing more full truckload carriers to turn existing trucks into LTL space. LTL capacity is quickly becoming severe, and full truckload carriers have already started to turn away freight.

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