LOGISTICS

Passport Shipping Announces Acquisition of Access Worldwide, Adds Depth and Breadth to Cross-Border Logistics

Passport Shipping | August 10, 2021

Passport, an international shipping carrier built for cross-border e-commerce, has acquired Access Worldwide Inc. - an Atlanta-based international shipping consolidator with more than two decades of parcel supply chain industry experience. Terms of the transaction were not disclosed.

"This is great news for the customers of both companies as it provides value-added capabilities and services to each," said Alex Yancher, founder and CEO of Passport. "By combining our capabilities, we'll be able to elevate the quality of our products, gain access to better shipping rates and expedite transit times."  

With the acquisition, Passport is also better positioned to work on bespoke solutions for large consumer brands and marketplace business models that require deep expertise to execute complicated configurations.

By the end of this year, Statista expects the number of online shoppers around the world to reach 2.14 billion, representing an opportunity for direct-to-consumer brands to grow revenues by expanding their market footprint internationally.

With the acquisition, Passport gains access to an expert team with decades of hands-on, asset-based operational experience in the international parcel logistics space including Access Worldwide CEO Adam Langston who becomes Passport's new Chief Commercial Officer.

"Since its inception, I've been really impressed with Passport's business and, candidly, have always viewed them as a company that would be a great-fit partner," said Langston. "This acquisition enables us to bring key pockets of expertise and industry relationships to a business that's poised for long-term category leadership."

Additionally, Passport can now leverage Access Worldwide's logistics relationships, including critical first mile trucking providers and customs brokers to build-out and optimize a global supply chain that helps drive a better customer experience and cost structure.

About Access Worldwide
Access Worldwide was founded in 1999 to provide global mailers and shippers with a more reliable and cost-effective way to reach international customers. The company's employees serve over 150 countries each day via its global network of more than 60 postal and private delivery systems that help to eliminate overhead and hidden costs. Customers typically save up to 50 percent on shipping costs with full global tracking and visibility to all destinations. The company is also one of a limited number of Postal Qualified Wholesalers, a vetted designation with access to service levels and mailing products not available to the general public.

About Passport Shipping
Founded in 2017, San Francisco-based Passport Shipping is an international shipping carrier built for e-commerce companies and their 3PLsincluding Kylie Cosmetics, Native Deodorants, Bombas, Raycon and LMNT. The company manages all the complexities associated with international shipping so their consumer brand customers can stay focused on their core business. At the same time, Passport offers end consumers door-to-door tracking and high-touch customer support on all packages being sent to more than 150 countries around the world.

Spotlight

As modern warehouses, distribution facilities and E-commerce facilities grow in demand, many industry challenges, both old and new, are becoming more apparent. Labor issues continue to be a growing concern, volume demand is continuing to rise, and consumers are looking for their products sooner rather than later.


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LOGISTICS

G&S Logistics Deploys Digital Freight Brokerage Solution from Descartes

Descartes Systems Group | May 05, 2022

Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Minnesota-based G&S Logistics is digitizing its freight brokerage operations to support aggressive growth plans with the integrated deployment of the cloud-based Descartes Aljex™ transportation management system (TMS) and Descartes MacroPoint™ for real-time freight visibility and load tracking. "With aggressive growth targets, we knew automation would be required as we open and staff additional offices and onboard new carriers, The online and real-time Descartes Aljex dashboards will be especially valuable as they give us direct insights into operational nuances and carrier performance to help us continually evaluate the best transportation options for our customers." -Angelo Byrd, COO/EVP at G&S Logistics Descartes Aljex, a cloud-based solution for freight brokers, provides end-to-end capabilities that enable companies to deliver better customer service, enhance operational performance and maximize margin. The Descartes Aljex TMS automates and streamlines daily freight broker activities to boost operational efficiency, including order entry, lane rate comparison, covering loads, rate confirmation, carrier acceptance, dispatching and carrier communications. It allows brokerages of all sizes to securely access freight and transportation management data from anywhere. The integration of Descartes Aljex with Descartes MacroPoint provides access to real-time load tracking capabilities, which not only reduces time-consuming communication like check calls and emails, but also helps brokers forecast future needs to mitigate any potential transportation risk or disruption. "We’re pleased to help G&S Logistics modernize its brokerage operations to scale for future growth, As the transportation industry continues to grapple with numerous challenges, such as capacity constraints, resource shortages and supply chain disruptions, Descartes’ solutions allow freight brokers to operate at higher levels of efficiency, communicate more collaboratively with customers, and connect more easily with carrier partners." -Dan Cicerchi, General Manager, Transportation Management at Descartes About G&S Logistics Based in Minnesota, G&S Logistics is the brokerage arm of the asset-based trucking organization Punt Companies. For more information, visit www.gandslogistics.com. About Descartes Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, performance and security of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, schedule, track and measure delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world's largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

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FREIGHT

Becker Logistics Acquires Trek Freight Services

Becker Logistics | March 29, 2022

Effective December 31, 2021, Becker Logistics LLC, a 3PL Company has acquired Trek Freight Services, LLC located in Lincolnwood, IL. Trek Freight has been in business for 21 years and Becker Logistics will be celebrating their 25th anniversary this coming May, combining these two entities for a total of 46 years of transportation experience. Trek adds an additional 125 customers, 25,000+ carriers, 35 employees and their proprietary TMS which will be synergies for Becker Logistics moving forward. Trek provides third-party logistics services across the U.S. These services will now be provided under the Becker Logistics name. Becker Logistics has experienced extraordinary growth in the last 10 years. In 2020 revenue was at $73 million. In 2021 they grew overall, both organically and non-organically by 130% year over year. Their total top-line revenue for 2021 was $167.2 million. They were able to add an additional $94.2 million to their top-line and with plans to do the same in 2022. With this acquisition, Becker Logistics continues to grow and hold its place as one of the largest third-party logistics providers in the United States. “Since 2009 when Becker Logistics had top-line revenue of only $3.5 million, to 2021, it has experienced a growth of 48 times. We have excelled at organic growth, culture, strategy and having a dual approach of not only growing organically, but non-organic growth is part of the game plan for the next eight years. This is our second acquisition with our first being Savage Logistics, LLC in 2017. We now have a total of 160 talented employees with plans of adding an additional 100 more by the end of the year. We have a BHAG to hit $1.8 billion in top-line revenue by or before 2030. Along this journey we can service our customers more by merging with other entities that have a wealth of knowledge, education and awareness in the industry already,” -Jim Becker, CEO of Becker Logistics. John Andreotti, former COO and principle of Trek Freight said, Looking back, we knew we had to grow our company, but with the resources we had, our age and stage in life, we knew it was going to take far too long. We wanted to merge with a company that would not only keep our employees, but would offer an opportunity to catapult their careers. They needed more opportunities to grow. We have a great team and we didn’t want to lose any of them. We needed to merge with a company that had a vision and a larger engine in place to accelerate that growth. I’ve seen the overall vision and it’s going to provide for everyone that wants to grow individually and as a team. The merger has created a bigger and stronger team. There are so many more resources available to everyone which will aide them to reaching their personal goals and servicing their customers better than ever was possible before. About Becker Logistics Becker Logistics is a leading provider in the non-asset-based, third-party logistics (3PL) space, specializing in supply chain solutions that create transformational success for manufacturers, suppliers and retailers. Since inception in 1997, Becker has grown organically and non-organically with Trek Freight being its second acquisition. Savage Logistics, being the first, was acquired November 1, 2017. Becker works within this highly competitive area and has become the intermediary for over 580 customers. Becker offers an array of transportation services for customers ranging from mid-sized manufacturers to Fortune 100 corporations. Becker leverages supply chain experts, proprietary technology and operational expertise to make shipping freight more efficient for customers, giving them a competitive advantage in their industries. Becker’s competitive advantages include their intellectual properties: 3PL 360 | Freight Management Software, 3PL AIT | Artificial Intelligence Technology and 3PL LMS | Learning Management Software. Learn more at www.BeckerLogistics.com. About Trek Freight Services Trek Freight Services has been providing third-party logistics services in the United States since 2001, offering non-asset-based services in the areas of van, flat bed, reefer, intermodal, LTL, team service and expedited. They move various commodities, which includes packaging, building products, food and beverage, automotive chemicals, scrap virgin plastics, scrap and virgin metals, printed matter, scrap paper, consumer products, and industrial and commercial chemicals. Trek Freight is highly service oriented with the highest customer and carrier retention rate in the industry.

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LOGISTICS

Nexxiot equips a significant share of the 3 mio TEU fleet from Hapag-Lloyd with IoT Technology

Nexxiot, | April 27, 2022

Nexxiot, the global TradeTech pioneer, will become one of the official suppliers to digitalize the Hapag-Lloyd container fleet. Nexxiot will equip a significant share of the 3 mio TEU fleet from Hapag-Lloyd with innovative IoT technology and analytics, enabling for the first time the worldwide monitoring of shipping containers which are indispensable for global trade. Hapag-Lloyd will be the first carrier in the world to be able to monitor and analyze the location, movements, and status of its standard containers in real-time.Intermodal container shipping is the backbone of the global economy. Innovative sensor technology, such as that developed by Nexxiot and used by Hapag-Lloyd, is helping to make container transport a more resilient and transparent piece of the global supply chain puzzle. "This is the largest deployment of active hardware monitoring devices to date in the ocean and intermodal shipping space, with the potential to create a vastly more efficient and sustainable global supply chain, The location, status and associated processes of 'dry' containers on the high seas as well as during inland transportation are mostly untraceable today. TradeTech projects, such as those implemented by Hapag-Lloyd with Nexxiot as a system partner, change this paradigm." -Stefan Kalmund, CEO of Nexxiot. As part of Hapag-Lloyd LIVE, the shipping company will be the first carrier in the world with the ability to provide all customers with real-time data and full transparency about every container movement. "Nexxiot as a system partner provides us with an important technological building block, This allows us to detect delays earlier, automatically inform the affected customers and initiate countermeasures quickly. We are firmly convinced that not only our customers benefit from the new technology, but that this new approach will revolutionize the entire container shipping industry." -Olaf Habert, Director Container Applications at Hapag-Lloyd. The innovative IoT device powering the transformation is Nexxiot's Globehopper Edge which transmits real-time location and temperature data, monitors container impacts, and can connect to other sensors via Bluetooth. In order to ensure the safety and security of crew, cargo and ships, the devices are designed and certified in accordance with the ATEX Product Directive for use in potentially flammable or explosive environments (Zone 2). The data is processed using the latest algorithms and Big Data analytics create essential business intelligence on container fleet utilization, critical events, and supply chain processes for all stakeholders across the value network. About Nexxiot: Nexxiot is a driver of the digital logistics of tomorrow. By leading TradeTech and the digitalization of cargo transportation, Nexxiot empowers global shipping companies and suppliers to harness the power of their data through proprietary, cutting-edge technology and integrated data solutions to ensure accountability, security, and efficiency. Nexxiot's solutions track, find, and protect cargo worldwide via 700 network roaming partners. The company's secure, industry-leading Cloud comprises data from over 2.5 billion traveled miles. Headquartered in Zurich, Nexxiot operates throughout Europe and the U.S., employing people from 26 countries. Committed to sustainability through corporate and social responsibility, Nexxiot's goal is to enable a five percent reduction in global supply chain carbon dioxide emissions by increasing cargo transport efficiency and eliminating waste caused by empty runs and inefficient routes. For more information, visit www.nexxiot.com.

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TRANSPORTATION

Wabtec to Acquire Trimble’s Beena Vision Business to Extend its Digital Rail Inspection Portfolio

Wabtec | April 21, 2022

Wabtec Corporation (NYSE: WAB), a leading global supplier for freight and transit rail, announced the company has signed a definitive agreement to acquire Trimble’s Beena Vision business, a manufacturer of machine vision-based wayside inspection systems for the railroad industry. The acquisition is subject to customary closing conditions and financial terms were not disclosed.“Beena Vision’s systems, coupled with Wabtec’s TrackIQ portfolio, will create a comprehensive wayside inspection offering,” said Nalin Jain, President of Wabtec’s Digital Electronics business. “TrackIQ's sensor-based systems and Beena Vision's technologies combine to produce an industry-leading suite of wayside inspection solutions. These solutions enable our customers to monitor the health of their rolling stock assets, which allows them to realize reductions in maintenance costs, safety incidents and to increase fleet availability for revenue generation.” Beena Vision provides vision-based wayside detectors for the rolling stock maintenance market. Its non-contact measurement technology provides a highly detailed condition assessment of train components — ranging from wheel surface condition to full train inspection — while operating in service and at high speeds. Beena Vision's wayside systems enable Train Operating Companies (TOCs) to manage fleet maintenance through cutting-edge sensor and image-based inspection systems. Real-time alarms, alerts, and reports enable significant reductions in maintenance costs, improve safety and increase fleet availability. Beena Vision systems are installed at many major North American Class 1 railroads, as well as other worldwide TOCs. "This deal will extend Wabtec’s unparalleled digital and electronics portfolio, enhancing its ability to progress wayside train condition monitoring, as well as supply chain and logistics technology for railroad customers around the world.Trimble will continue to develop cloud-based Internet of Things (IoT) rail solutions for rolling stock lifecycle management and will increase its focus on solutions for railway infrastructure surveying, construction, and maintenance, which are closely aligned to its core industry segments.” -Ron Bisio, Trimble’s senior vice president with responsibility for rail Beena Vision’s business has been reported as part of the Trimble Transportation Segment. The sale will not have a material impact on the segment or overall financial results. About Wabtec Wabtec Corporation (NYSE: WAB) is focused on creating transportation solutions that move and improve the world. The company is a leading global provider of equipment, systems, digital solutions and value-added services for the freight and transit rail industries, as well as the mining, marine and industrial markets. Wabtec has been a leader in the rail industry for over 150 years and has a vision to achieve a zero-emission rail system in the U.S. and worldwide. Visit Wabtec’s website at www.wabteccorp.com. About Trimble Trimble is an industrial technology company transforming the way the world works by delivering solutions that enable our customers to thrive. Core technologies in positioning, modeling, connectivity and data analytics connect the digital and physical worlds to improve productivity, quality, safety, transparency, and sustainability. From purpose-built products to enterprise lifecycle solutions, Trimble is transforming industries such as agriculture, construction, geospatial, and transportation. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.

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Spotlight

As modern warehouses, distribution facilities and E-commerce facilities grow in demand, many industry challenges, both old and new, are becoming more apparent. Labor issues continue to be a growing concern, volume demand is continuing to rise, and consumers are looking for their products sooner rather than later.

Resources