Universal Logistics Holdings, Inc | June 20, 2022
Universal Logistics Holdings, Inc. (NASDAQ: ULH) announced the preliminary results of its modified "Dutch auction" tender offer to repurchase up to 100,000 shares of its outstanding common stock, which expired at 5:00 p.m., Eastern Time, on Wednesday, June 15, 2022.
Based on the preliminary count by Computershare Trust Company, N.A. ("Computershare"), the depositary for the tender offer, approximately 164,189 shares were properly tendered and not properly withdrawn at or below the expected final purchase price of $28.00 per share, including shares that were tendered through notices of guaranteed delivery.
In accordance with the terms and conditions of the tender offer, the Company expects to acquire 164,189 shares at a final purchase price of $28.00 per share, for an aggregate purchase price of approximately $4.6 million. These shares represent approximately 0.62% of the Company's issued and outstanding shares as of May 12, 2022. The total amount of shares expected to be purchased in the tender offer includes the Company's right to increase the tender offer by up to two percent of the Company's outstanding shares and also includes a total of 5,000 shares tendered by Mr. H.E. "Scott" Wolfe, a director of the Company. The determination of the final number of shares to be purchased and the final price per share is subject to confirmation by Computershare of the proper delivery of the shares validly tendered and not withdrawn.
The number of shares to be purchased and the price per share are preliminary and are subject to verification by Computershare and subject to change for a number of reasons, including if some or all of the shares tendered through notices of guaranteed delivery are not delivered within the applicable two trading day settlement period. The actual number of shares to be purchased and the final price per share will be announced following the expiration of the guaranteed delivery period and completion of the confirmation process by Computershare. The final results are not expected to be announced until at least June 21, 2022. Promptly after the announcement, Computershare will issue payment for the shares validly tendered and accepted for payment under the tender offer and will return shares tendered and not purchased in the tender offer.
The Company may purchase additional shares in the future in the open market subject to market conditions and through private transactions, tender offers or otherwise. Under applicable securities laws, however, the Company may not repurchase any shares until June 30, 2022. Whether the Company makes additional repurchases in the future will depend on many factors, including the number of shares purchased in this tender offer, its business and financial performance and situation, the business and market conditions at the time, including the price of the shares, and other factors the Company considers relevant.
The Company has retained Georgeson LLC as the information agent for the tender offer. All questions regarding the tender offer should be directed to the information agent at 866-695-6074 (toll free).
Universal Logistics Holdings, Inc. is a holding company that, through its consolidated subsidiaries, is a leading asset-light provider of customized transportation and logistics solutions throughout the United States, and in Mexico, Canada, and Colombia. The Company's operating subsidiaries offer customers a broad array of services across their entire supply chain, including truckload, brokerage, intermodal, dedicated, and value-added services.
Einride | May 21, 2022
Swedish freight technology company Einride announced at Einride Mesh the unveiling of new product offerings to its hardware and software lineups including designs for an Einride Trailer and new features and functionality on the Einride Saga platform. These build outs of the Saga UI experience via new apps and a new API (application programming interface) developer platform, in addition to presenting what is possible for the future of Einride’s hardware, further underline the company’s deepening offering of freight mobility solutions for customers.
“By offering these latest product offerings with Saga and showcasing our latest designs for future electric freight hardware, we are able to tap into an even larger potential to help shippers transition towards electric and being able to cost competitively reach their sustainability goals, We’re looking at almost an entire sector that is still non-electric, and we want to speed up this transition by proactively seeking out what the future needs of the growing electric, autonomous shipping industry will be and creating the necessary solutions.”
-Robert Falck, Founder and CEO of Einride.
First of its kind electric semi-trailer: the Einride Trailer
Hardware designs for an all-new Einride Trailer, an electric road semi-trailer powered by Saga were unveiled as a solution to optimize fleet utilization and the total cost of operations. Designed for seamless integration with Einride electric and autonomous vehicles for optimal performance, the trailer will also be compatible with conventional electric semi-trucks. Enabled by Saga, the Einride Trailer will provide AI based insights into the cargo being transported by providing real-time data across key touch points including loading route planning, fill rates, cargo monitoring and preventative maintenance. An extended range of up to 650 km on a single charge will be possible with all-new Einride 320 kwh batteries that will be incorporated with the Einride Trailer production. The designs will continue further iterations, with plans to have production for initial piloting complete in 2023.
Einride Saga’s powering of electric fleets continues to expand
Saga’s all-encompassing digital platform features a suite of powerful apps for end-to-end electric and autonomous freight and was originally launched in 2021 in conjunction with the official Einride U.S. expansion. Today marked the first time an expanded and revised UI of the first original apps, Evolve, Explore, Book and Orchestrate, were showcased. Existing and new customers will have access to these latest features starting in October of this year.
Evolve: generates plans to electrification and automation by identifying electrification sweet spots and defining potential environmental impact
Explore: visualizes data across cost insights, fill rates, CO2 emissions, and more
Book: tracks shipments from creation to final delivery and can be integrated with shippers current order management system
Orchestrate: bridges communications between automated transport planning and human interaction to ensure the entire network of electric trucks and chargers are displayed in real time.
An API developer platform, Einride Extend, allowing access and scalable adoption of Einride’s software to a larger ecosystem of shippers was also unveiled, in addition to sneak peeks of three additional apps – Deliver, Dock, Own.
Einride Extend: the API developer platform will make use of Saga's models, data and intelligence available across open-source software. An alpha version of the Book API will be the first available offering on the platform, opening up a scalable way to order transport via Einride Saga. The platform will be available at the end of 2022 to existing customers.
Deliver, Dock and Own: further app features across driver instructions, connections between shipping terminals and profitability monitoring will be introduced in future platform updates. Apps will be officially released in 2023.
Inaugural Einride Mesh celebrates collaboration across tech, sustainability and culture
Einride Mesh 2022, hosted in Gothenburg, Sweden and streamed globally, was the first of a new annual event hosted by Einride celebrating the movers and shakers across tech, sustainability and culture. The day featured programming to encourage learning, networking and discussions, featuring keynotes from renowned entrepreneurs and innovators such as Olympian Nils van der Poel and leaders from other sustainable brands, X Shore, Heart Aerospace, Mimbly and CAKE, along with others. Full demos of the latest Einride products were also showcased by Einride leadership team members across Product and Tech.
“Our goal with the inaugural Einride Mesh was simple: create a platform for thought leaders to come together and share how we can create a better future, regardless of what industry we sit in, To see leaders, students, investors and culture influencers gather together is a true testament to the impact that is possible for creating sustainable futures when wider audiences collaborate together.”
-Linnéa Kornehed, co-founder and CMO of Einride.
To learn more about Einride please visit https://www.einride.tech/. For shippers or developers working with road freight and interested in finding out more about Saga and applying for early access, visit www.einride.tech/saga.
Einride is a leading freight technology company providing digital, electric, and autonomous shipping. It was founded in 2016 and became the world’s first company to operate an autonomous, electric freight vehicle on a public road in 2019. Einride´s award-winning technology and products enable users to execute on electrification and automation, order and track shipments, oversee routes and assignments, visualize data and gain insights. For more information, please visit einride.tech.
SOFTWARE AND TECHNOLOGY
Kinaxis Inc | June 14, 2022
Kinaxis® Inc., the authority in driving agility for fast, confident decision-making in an unpredictable world, and Blume Global, the only multimodal supply chain orchestration platform uniting end-to-end visibility, supplier management and logistics execution, today announced a partnership that will connect Blume Global's logistics visibility and transportation management system (TMS) with the Kinaxis RapidResponse® concurrent planning platform. The result will be better alignment between supply chain planning and execution, enabling companies to quickly remedy, or even avoid, freight transportation disruptions.
Freight transportation disruptions are now one of the most common, and most costly, forms of supply chain interruption. Organizations need new levels of supply chain agility across planning and execution to understand the business-wide impact of a shipment delay and be able to take action in time to mitigate the risks to cost and customer service. By combining Kinaxis' unique concurrent planning technique with Blume Global's TMS shipment data, companies will be able to dynamically generate new plans to quickly get shipments back on track and ultimately have improved supply chain resiliency.
"For nearly three years, the supply chain industry has been defined by uncertainty. That is likely to continue. While major disruptions used to occur every few years, we are now facing significant events annually – or even more frequently, Our partnership with Kinaxis will give customers around the world access to robust, innovative logistics planning and execution solutions so they can create agile processes that adapt quickly to even the most challenging circumstances."
-Pervinder Johar, CEO of Blume Global.
As part of the new combined offering, Blume Global will synchronize core TMS shipment data to RapidResponse, providing real-time exception-based alerts that ensure customers focus on business-critical shipments and updated ETAs for shipments that exceed defined tolerance levels. From there, customers will be able to generate and execute alternate shipment plans with a full understanding of how the alternate plan will impact key performance measures.
"The intersection point between supply chain planning and execution has never been more critical. When a disruption happens, it's not enough just to be able to create a new plan quickly. Companies must be able to execute quickly as well, Our new offering with Blume Global helps companies do just that by delivering concurrent planning and execution, providing a new level of supply chain agility."
-John Sicard, CEO of Kinaxis
Blume Global joins the growing Kinaxis ecosystem of Solution Extension partners. These partners increase the value customers gain from RapidResponse by delivering digital inputs and developing domain-specific applications that leverage the power of concurrent planning and extend the capabilities of the widely-trusted planning platform.
About Blume Global
Blume Global is a multimodal supply chain orchestration platform that unites end-to-end visibility, supplier management and logistics execution. As the single source of truth for logistics data, Blume provides visibility throughout the value chain, from sourcing to delivery. Shippers use Blume solutions to navigate disruptions and create agile plans amid supply chain uncertainty. Blume has the most extensive network among logistics technology providers. The company's direct connectivity to the ocean, air, rail, parcel, LTL and truckload carriers combines with Blume's solutions and 28 years of industry data to maximize transportation spend, improve customer service and reduce carbon emissions for users. These solutions are supported by a sizeable R&D organization that is continually adding new high-value features. By developing technology that streamlines the logistics world, Blume Global is leading the industry in creating supply chain sustainability solutions, fighting climate change by eliminating significant carbon emissions in a world where most freight is transported using fossil fuels.
About Kinaxis Inc.
Everyday volatility and uncertainty demand quick action. Kinaxis® delivers the agility to make fast, confident decisions across integrated business planning and the digital supply chain. People can plan better, live better and change the world. Trusted by innovative brands, we combine human intelligence with AI and concurrent planning to help companies plan for any future, monitor risks and opportunities and respond at the pace of change. Powered by an extensible, cloud-based platform, Kinaxis delivers industry-proven applications so everyone can know sooner, act faster and remove waste. For more Kinaxis news, visit Kinaxis.com or follow us on LinkedIn or Twitter.
Semtech | May 27, 2022
Semtech Corporation (Nasdaq: SMTC), a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms, announced that Boluda Corporación Marítima, a leading global maritime services provider, will leverage an asset tracking solution from WITRAC, a Valencia-based company offering innovative technology solutions that connect and provide visibility to the value chain. Integrated with Semtech’s LoRa® devices and the LoRaWAN® standard, WITRAC’s Total Track & Trace Intelligent Platform transports cold chain assets in Boluda’s supply chain, providing citizens of the Canary Islands with the first daily transportation of cargo from the peninsula with over 350 successful voyages.
“Semtech’s LoRa devices offered a cost-effective solution for WITRAC’s Total Track & Trace Intelligent Platform. With ships transporting thousands of containers, installing a satellite modem in each container would make this type of solution economically non-viable, Employing a network using LoRaWAN as well as leveraging the LoRa 2.4GHz band allowed us to place a WITRAC device in every single container to share real-time offshore and onshore visibility to thousands of containers — an unmatched value for our customers.”
-Jose Pons Ballester, co-founder and CTO of WITRAC
Using a combination of LoRaWAN, Wi-Fi, BLE, and cellular connectivity options in the same hardware device, WITRAC’s Total Track & Trace Intelligent Platform provides real-time visibility and control of offshore operations. In addition to temperature monitoring, the platform’s “Perfect Route System” is able to geolocate a fleet’s vessels, allowing alerts to be set for deviations in fuel consumption, speed, routes, or miles traveled, which also permits shippers to take corrective measures en route.
The success of the platform led Boluda to implement WITRAC’s platform to monitor the location and temperature status of the fresh food and medicine on its seven container vessels traveling 700 miles from the Spanish mainland on the maritime corridor linking the Port of Cádiz to the island ports of Las Palmas and Tenerife.
“Remotely monitoring the location and temperature of assets during an entire cold chain was once viewed as a challenge. Through implementing LoRa devices and LoRaWAN, asset tracking has never been more simple and cost effective, WITRAC’s tracking solution is a valuable example of how LoRa and LoRaWAN networks can transform smart logistics to prevent loss or damage of assets no matter the distance.”
-Marc Pégulu, vice president of IoT product marketing and strategy for Semtech’s Wireless and Sensing Products Group
WITRAC Co-Founder and CTO José Pons Ballester will be discussing the benefits of the Boluda “Daily Canarias” solution at the LoRaWAN World Expo taking place July 6-7, 2022, in Paris, France. Register for the conference here. To learn more about WITRAC’s Total Track & Trace Intelligent Platform, please visit here.
About Semtech’s LoRa® Platform
Semtech’s LoRa device-to-Cloud platform is a globally adopted long range, low power solution for IoT applications, enabling the rapid development and deployment of ultra-low power, cost efficient and long range IoT networks, gateways, sensors, module products, and IoT services worldwide. Semtech’s LoRa technology provides the communication layer for the LoRaWAN® standard, which is maintained by the LoRa Alliance®, an open IoT alliance for Low Power Wide Area Network (LPWAN) applications that has been used to deploy IoT networks in over 170 countries. With the proliferation of LoRa devices and the LoRaWAN standard, the LoRa Developer Portal is a place to learn, connect, collaborate, and find resources to help accelerate your LoRa development process. Semtech is a founding member of the LoRa Alliance. To learn more about how LoRa enables IoT, visit Semtech’s LoRa site.
WITRAC helps companies be more efficient and competitive thanks to innovative technological solutions that connect and give visibility to the value chain of its clients. Able to identify, locate, measure, and control wirelessly and in real time, any asset, anywhere, WITRAC fabricates its own hardware and software based on the IoT and AI technology, in order to satisfy the industry's tracing needs. Its digitalization and automatization solutions combine multiple connectivity devices and protocols with a management platform, in order to generate data and transform it into useful information and valuable insights. Please visit www.witrac.es.
About Boluda Corporación Marítima
Boluda Corporación Marítima is the leading Spanish maritime group with more than 185 years of experience. It has a global presence, operating in Central America, South America, the Caribbean, Africa, Cabo Verde, the Indian Ocean and Europe. This love of hard work and affinity with the sea has been passed down between generations in the Boluda family and developed over time into a sector leading corporation. The company is organized into two strategic divisions: Boluda Towage and Boluda Shipping. And two smaller divisions: Boluda Port Services and VB Comisarios de Averías. Boluda Towage’s main focus is tugboat services, the core business and essential for facilitating traffic flow in the port area and provides port, coastal and offshore towing and sea salvage. This division has a fleet of 400 vessels present in the main ports of Europe, Africa, the Indian Ocean and Latin America. Boluda Shipping is the division providing maritime services in comprehensive transportation, logistics and international freight management. Its wide network of company offices in the main Spanish ports as well as a variety of international ports provide a single point of contact for all stopovers and port operations, with customer service and information provided 24/7 365 days a year. Find more information at www.boluda.com.es.
Semtech Corporation is a leading global supplier of high performance analog and mixed-signal semiconductors and advanced algorithms for infrastructure, high-end consumer and industrial equipment. Products are designed to benefit the engineering community as well as the global community. The Company is dedicated to reducing the impact it, and its products, have on the environment. Internal green programs seek to reduce waste through material and manufacturing control, use of green technology and designing for resource reduction. Publicly traded since 1967, Semtech is listed on the NASDAQ Global Select Market under the symbol SMTC. For more information, visit www.semtech.com.