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.
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.
SOFTWARE AND TECHNOLOGY
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."
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.
Offers a complementary suite of mobility solutions including EV/AV fleet management, on-demand and fixed route public transit, corporate and campus shuttles, autonomous logistics delivery and demand management to add to Swvl's existing suite.
Advances Swvl's ESG strategy by accelerating its adoption of EV/AV technology and creating partnership opportunities to digitize non-emergency medical transport.
Maintains an outstanding policy network on both a national and EU level, providing additional opportunities to enter new markets and expand Swvl's B2G business.
"We are excited to embark on this next phase of growth alongside the Swvl team. We have been impressed by Swvl's ability to rapidly scale its business while continuing to provide best-in-class, transformative mobility solutions for customers. 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. Following our recent acquisitions of controlling interests in Shotl and Viapool, investments in mass transit platforms in the United Kingdom and Mexico and launches across Latin America and Europe, this transaction further demonstrates our ability to utilize our growth capital and public currency to pursue accretive organic and inorganic strategic initiatives. We look forward to capitalizing on the numerous opportunities provided by this transaction and furthering partnerships to advance our leading market position as a provider of technology-enabled mass transit solutions on a global scale. We are confident that the Swvl platform will have a very positive and sustained impact on European transit."
Swvl is a global provider of transformative tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation across 115 cities in 18 countries. 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.
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".
Enghouse Transportation | April 13, 2022
Enghouse Transportation, a unit of Enghouse Systems Limited (TSX: ENGH) has partnered with electronic payment firm Switchio (a division of Monet+) to expand its automated transit fare collection offering.
Enghouse Transportation, an established provider of automated fair collection transit software solutions in the Netherlands, Central Europe and Eastern Europe, is expanding into the North American market.
Our strategic cooperation with Switchio bolsters our ability to deliver transit solutions in the United States, Canada and other markets, said Toofan Otaredian, Managing Director of Enghouse Transportation.
"Switchio has unique strengths in its Smart Cities portfolio, especially EMV card acceptance in public transit and parking. Switchio also offers modular solutions that enable quick and effortless EMV bank card payments for transit systems and operators."
Switchio is headquartered in the Czech Republic. The Company participated in the country's first chip payment card systems. "We're very pleased to embark on this new collaboration with Enghouse, We have already established a presence in the Americas with a successful implementation in Guatemala and another is currently underway in Chile. We now look forward to introducing our innovative digitalization solution to the North American market."
-Switchio transport business leader, Jaroslav Stuchlík
About Enghouse Transportation
Enghouse Transportation is an innovative provider of end-to-end electronic ticketing technologies that also provides transit agencies and operators with improved passenger experiences and cost-cutting hardware and software solutions. Customized to the needs of each client, Enghouse Transportation delivers expert solutions in automated fare collection (AFC), sales and service, and back-office systems. For more information, please visit www.enghousetransportation.com.
Switchio is a powerful software platform that enables public transit operators to manage multiple open-loop electronic payments in a variety of ticketing modes under a single system. Delivered as a comprehensive white-label solution for contactless passenger ticketing, it brings operators substantial savings while elevating the passenger experience to new levels of convenience. In addition to transport, Switchio also has applications in sectors that include retail, parking and petrol stations. At its core is a secure payment switch that gives businesses the ability to partner with the acquirer and hardware provider of their choice. For more information, please visit Switchio.com.
SOFTWARE AND TECHNOLOGY
ePost Global | June 16, 2022
ePost Global, a technology-enabled international shipping solutions provider, is excited to announce its expansion to Miami, FL on June 15th, 2022. South Florida will become the company’s Southeast U.S. hub. Led by global logistics experts, ePost has experienced significant growth through cross-border ecommerce trends and recognized the need to better support its existing and potential customers in the Southeast U.S. This facility is further proof of the company’s continued focus on strategic investment needed to support its growing ecommerce customer base.“We are excited to increase our U.S. footprint, says Fabrizio Alvear, EVP of Operations. In an environment where consumers are regularly shopping online, it is important to focus on how we can reduce delivery times, and with this expansion, we can improve our service offering. By opening a presence in South Florida, we are emphasizing the importance of aligning with major international logistics hubs.”
ePost Global has a national presence with multiple locations strategically located near international postal facilities and major airports. This expanded Southeast presence complements ePost’s headquarters near Los Angeles, CA, Midwest hub near Chicago, IL and Northeast facility located near the JFK, EWR and LGA international airports. Opening a location in Miami is merely the first step in ePost’s plan to further invest in the region with a focus on recruiting technology and operations talent.
“This new location helps us become a better partner for our existing customers and tap into a new pool of ecommerce businesses, With the continued growth of cross-border ecommerce, Miami is a critical hub for international shipping to ensure consumers anywhere in the world can appreciate U.S. consumer brands. The new facility will offer the same innovative, tech-enabled shipping solutions and best-in-class customer service that have become synonymous with the ePost brand.”
-Kelly Martinez, EVP of Sales and Marketing.
About ePost Global
ePost Global delivers cost-effective, global delivery solutions through strategically located processing centers throughout the United States. By combining technology and global logistics expertise, ePost Global optimizes delivery workflows, enhances visibility for all phases of delivery, and simplifies international shipping complexity.