Majestic Steel USA | July 15, 2022
Majestic Steel USA, Inc. ("Majestic"), a leading provider of supply chain solutions and prime flat-rolled steel products across North America, has completed two strategic acquisitions in manufacturing and logistics.
Quicken Steel LLC, a manufacturer of steel buildings and components based in Claxton, Georgia, and Mercury Transport Inc., a transportation company based in Pittsburg, California, will become wholly owned divisions of Majestic Steel USA, Inc.
Quicken Steel will continue to operate independently while using Majestic resources to create synergies. With a niche in providing short lead-times and the quick installation of steel buildings, it's a downstream opportunity that aligns with Majestic's approach to growth and innovation.
The acquisition of Mercury Transport is a follow-on investment to Majestic's 2021 acquisition of Merit Steel USA, a West Coast based steel service center with locations in Pittsburg, CA, Fontana, CA, and Longview, WA.
"These strategic investments further Majestic's commitment to customer service, supply chain reliability, and innovation in steel. Quicken Steel is an opportunity for us to provide our existing solutions downstream where we believe steel is critical to the future of building. We were attracted to their growth-oriented business model, focus on short customer lead-times, and commitment to sustainability. These acquisitions build on our 2021 investments as we continue to expand our footprint across North America."
-Todd Leebow, President & CEO of Majestic Steel USA
About Majestic Steel USA
Majestic Steel USA, founded in 1979 and headquartered in Cleveland, Ohio, is a privately held and family owned provider of supply chain solutions and prime flat-rolled steel products. Majestic serves its customers in manufacturing, construction and distribution from its network of locations throughout North America. Majestic is a leader in the domestic steel industry with a vision of innovation. Majestic believes steel is critical to American industry and the economy, and continues to supply quality products and the best customer experience
Trellix | September 22, 2022
Trellix, the cybersecurity company delivering the future of extended detection and response (XDR), announced the establishment of the Trellix Advanced Research Center to advance global threat intelligence. Comprised of hundreds of the world’s most elite security analysts and researchers, the Advanced Research Center produces actionable real-time intelligence and threat indicators to help customers detect, respond and remediate the latest cybersecurity threats.
“The threat landscape is scaling in sophistication and potential for impact We do this work to make our digital and physical worlds safer for everyone. With adversaries strategically investing in talent and technical know-how, the industry has a duty to study the most combative actors and their methods to innovate at a faster rate.”
-Aparna Rayasam, Chief Product Officer, Trellix
Trellix Advanced Research Center has the cybersecurity industry’s most comprehensive charter and is at the forefront of emerging methods, trends and actors across the threat landscape. The premier partner of security operations teams across the globe, Trellix Advanced Research Center provides intelligence and cutting-edge content to security analysts while powering our leading XDR platform.
Python Tarfile Vulnerability Highlights Software Supply Chain Complexities
In coordination with today’s launch, Trellix Advanced Research Center also published its research into CVE-2007-4559, a vulnerability estimated to be present in over 350,000 open-source projects and prevalent in closed-source projects. It exists in the Python tarfile module which is a default module in any project using Python and is found extensively in frameworks created by Netflix, AWS, Intel, Facebook, Google, and applications used for machine learning, automation and docker containerization. The vulnerability can be exploited by uploading a malicious file generated with two or three lines of simple code and allows attackers arbitrary code execution, or control of a target device.
“When we talk about supply chain threats, we typically refer to cyber-attacks like the SolarWinds incident, however building on top of weak code-foundations can have an equally severe impact This vulnerability’s pervasiveness is furthered by industry tutorials and online materials propagating its incorrect usage. It’s critical for developers to be educated on all layers of the technology stack to properly prevent the reintroduction of past attack surfaces.”
-Christiaan Beek, Head of Adversarial & Vulnerability Research, Trellix.
Open-source developer tools, like Python, are necessary to advance computing and innovation, and protection from known vulnerabilities requires industry collaboration. Trellix is working to push code via GitHub pull request to protect open-source projects from the vulnerability. A free tool for developers to check if their applications are vulnerable is available on Trellix Advanced Research Center’s GitHub.
Trellix is a global company redefining the future of cybersecurity and soulful work. The company’s open and native extended detection and response (XDR) platform helps organizations confronted by today’s most advanced threats gain confidence in the protection and resilience of their operations. Trellix, along with an extensive partner ecosystem, accelerates technology innovation through machine learning and automation to empower over 40,000 business and government customers with living security. More at https://trellix.com.
About Trellix Advanced Research Center
Trellix Advanced Research Center brings together an elite team of security professionals and researchers to produce insightful and actionable real-time intelligence to propel customer outcomes and the industry at large. Driven by the industry’s most comprehensive charter, our skilled researchers detect trends ahead of the market to empower our customers and partners to solve for emerging threats. More at https://www.trellix.com/en-us/threat-center.html.
XPO Logistics, Inc. | July 14, 2022
XPO Logistics, Inc. (NYSE: XPO), a leading provider of freight transportation services,announced that a new company identity has been created in connection with the planned spin-off of its tech-enabled brokerage platform. The spin-off is named RXO to reflect the company’s commitment to provide reliability multiplied by outperformance. RXO will go to market with the tagline “Massive capacity. Cutting-edge technology.”
XPO unveiled the new company’s identity on a landing page, RXO.com, where visitors can register to receive news about the spin-off’s upcoming milestones and leadership appointments.Brad Jacobs, chairman and chief executive officer of XPO Logistics, said, “Our spin-off now has a name — RXO — bringing it one step closer to becoming a standalone industry leader. Our best-in-class truck brokerage business will be the keystone of RXO’s asset-light platform, poised to continue to take share of a growing market.”
“The new brand embodies our competitive positioning of reliable outperformance, propelled by multiple tailwinds. RXO will launch with a widely adopted digital platform that gives shippers and carriers the automation they demand. I’m excited to lead our team to even greater achievements as a tech-enabled pure-play.”
-Drew Wilkerson, XPO’s president, North American transportation, who has been named to become chief executive officer of RXO
As previously announced, XPO intends to separate its asset-based less-than-truckload business from its asset-light brokered transportation platform, creating two independent, publicly traded companies with vast growth prospects in North America. The spin-off’s largest component will be truck brokerage, with complementary brokered services for managed transportation, last mile logistics and global forwarding.
Usage of the RXO name, logo and other brand components will become effective upon the spin-off of RXO, Inc., which XPO expects to complete in the fourth quarter of 2022.
About XPO Logistics
XPO Logistics, Inc. (NYSE: XPO) is a leading provider of freight transportation services, primarily less-than-truckload (LTL) and truck brokerage. XPO uses its proprietary technology, including the cutting-edge XPO Connect® automated freight marketplace, to move goods efficiently through supply chains. The company’s global network serves 50,000 shippers with approximately 731 locations and 42,000 employees, and is headquartered in Greenwich, Conn., USA. Visit xpo.com and europe.xpo.com for more information, and connect with XPO on Facebook, Twitter, LinkedIn, Instagram and YouTube.
PROCUREMENT AND SOURCING,SUPPLY CHAIN
ADVATIX | September 09, 2022
Inc. Magazine announced that ADVATIX ranked 609 on this year's prestigious list of the fastest-growing privately held companies in the USA. ADVATIX was also ranked 493 last year as a leading supply chain and logistics growth enabler. This sustained growth results from the company's mission to help businesses scale up using digital transformation, advanced ADVATIX Cloud Suite technology, and ADVATIX's "boots on the ground" industry experts.
"I am grateful to our client companies for their faith in us and for giving us the opportunity to be part of their growth stories. It is also truly an honor to work with our global team of the industry's finest and find ADVATIX back on the list with the fastest growing companies in America. It motivates us to continue making a difference in the Supply Chain space," said Manish Kapoor, Founder & CEO of ADVATIX.
ADVATIX was founded just over four years ago and has been providing advanced strategies and supply chain solutions that are focused on helping businesses accelerate growth in eCommerce, ultra-fast delivery, ship from store, and omni-channel experience. The team at ADVATIX is composed of leading industry experts with extensive experience in operations, logistics, and technology. The ADVATIX Cloud Suite technology sets a new bar in the industry for enabling eCommerce fulfillment, logistics, and inventory planning.
"Having observed Manish on our board and ADVATIX help several businesses scale up over the past few years, it is no surprise that they are continuing to grow. The team, solutions, and the technology ADVATIX has developed have been game changing for businesses needing digital transformation of their supply chains. I expect to see continuous innovations from ADVATIX."
-Nick Vyas, the Founding Executive Director at the Randall R. Kendrick Global Supply Chain Institute at University of Southern California (USC)
With offices in North America, Latin America, and Asia, ADVATIX plans to continue expanding their global footprint. Digital transformation needs the right solution design, LEAN processes, industry best practices for operations, a strong team, and technology that differentiates. ADVATIX solutions are comprehensive to ensure success. It also supports ongoing operations with its global command center for supply chain and customer experience.
ADVATIX, Inc. is one of the leading providers of eCommerce Supply Chain and Logistics solutions. ADVATIX is based in Westlake Village, CA with a global technology hub in New Delhi, India and a LATAM office in Santiago, Chile. The company currently serves customers in North America, Latin America, Europe and Asia. For more information, visit www.ADVATIX.com or email contact@ADVATIX.com.