J.B. Hunt Transport Services Inc | June 29, 2022
J.B. Hunt Transport Services Inc. (NASDAQ: JBHT), one of the largest supply chain solutions providers in North America, and Waymo, the leading autonomous driving technology developer, announced the latest development in their collaboration on autonomous trucking technology will include a pilot delivering goods for J.B. Hunt customer Wayfair, one of the world’s largest destinations for the home.
The latest pilot will span six-plus weeks during July and August and take place along the I-45 corridor between Houston and Dallas, the location of J.B. Hunt and Waymo’s original pilot nearly one year ago. It will be the first in-depth transportation of home furnishings retail freight between J.B. Hunt and Waymo Via (the company’s autonomous Class 8 trucking unit powered by the Waymo Driver™ technology).
“Real-time testing with customers like Wayfair is critical to making autonomous freight movement a viable solution in the future, Every supply chain is unique, so it’s important that customers can work alongside J.B. Hunt and Waymo to ensure that advanced autonomous technology will create capacity that meets their needs. Through shared experiences, technology integration and innovative thinking, autonomous technology can help us advance J.B. Hunt’s mission to create the most efficient transportation network in North America.”
-Craig Harper, chief sustainability officer and executive vice president at J.B. Hunt
Throughout the multi-week pilot, J.B. Hunt, Waymo and Wayfair will monitor and evaluate data relating to delivery logistics, loading and unloading freight, autonomous performance, and factors influencing the overall driving and non-driving experience. The pilot will use J.B. Hunt 360°® technology to automate several processes such as check calls and transactions to improve driving efficiency. Autonomous specialists - a commercially licensed driver and a software technician – will be in the cab for the duration of each trip to monitor the Waymo Driver’s operations.
Expanding our alliance with J.B. Hunt and beginning to move freight together for Wayfair is an exciting next step toward applying the Waymo Driver technology to commercial goods delivery,” said John Verdon, trucking lead, business development and partnerships at Waymo. “We couldn’t be more delighted to work alongside companies who share our innovative spirit and excitement for what autonomous driving technology can mean for the trucking industry.
Following a successful pilot in 2021, J.B. Hunt and Waymo extended their collaboration earlier this year with a long-term vision to complete the first fully autonomous commercial freight transport. During the pilot, more than 862,000 pounds of freight were moved, with no accidents and 100% on-time pick-up and delivery. This will be Wayfair’s first large-scale, hands-on experience using Level 4 autonomous vehicle technology to transport freight. Wayfair is the destination for all things home: helping everyone, anywhere create their feeling of home. Offering a wide selection of over 33 million products from more than 23,000 suppliers, expert customer service and a seamless, omnichannel shopping experience, Wayfair makes it quick and easy for customers to shop for their homes.
“At Wayfair, innovation is at the core of everything we do, and this pilot with J.B. Hunt and Waymo is a great example of this, We’re excited to continue our work with J.B. Hunt and their willingness to collaborate with us on this autonomous commercial vehicle test as a part of our overall strategy to evolve our logistics strategies and end-to-end supply chain solutions.”
-Sean Halligan, Wayfair’s chief global supply chain officer.
As part of their long-term collaboration, J.B. Hunt and Waymo are exploring technology integration opportunities with J.B. Hunt 360. For example, the J.B. Hunt 360box® drop-and-hook freight program that includes more than 12,000 available trailers has the potential to provide a near-term, efficient solution for shippers that would make autonomous driving technology available in the digital freight marketplace for the first time.
Waymo’s impressive experience building autonomous driving technology spans more than a decade, having driven over 20 million miles on public roads and 20 billion miles in simulation. J.B. Hunt operates one of the largest company-owned fleets in the U.S. complemented by an industry-leading multimodal freight marketplace in J.B. Hunt 360. Driven by its talented workforce, industry-leading technology and capacity-driven solutions, J.B. Hunt continues to advance its mission to create the most efficient transportation network in North America.
About J.B. Hunt
J.B. Hunt Transport Services Inc., an S&P 500 company, provides innovative supply chain solutions for a variety of customers throughout North America. Utilizing an integrated, multimodal approach, the company applies technology-driven methods to create the best solution for each customer, adding efficiency, flexibility, and value to their operations. J.B. Hunt services include intermodal, dedicated, refrigerated, truckload, less-than-truckload, flatbed, single source, final mile, and more. J.B. Hunt Transport Services, Inc. stock trades on NASDAQ under the ticker symbol JBHT and is a component of the Dow Jones Transportation Average. J.B. Hunt Transport, Inc. is a wholly owned subsidiary of JBHT. For more information, visit www.jbhunt.com.
Waymo is an autonomous driving technology company with a mission to make it safe and easy for people and things to get where they’re going. Since our start as the Google Self-Driving Car Project in 2009, Waymo has been focused on building, deploying, and commercializing The World’s Most Experienced Driver™ technology to improve the world's access to mobility while saving thousands of lives now lost to traffic crashes. The Waymo Driver powers Waymo One™, the world's first fully autonomous ride-hailing service, as well as Waymo Via™, our trucking and local delivery service. To date, Waymo has autonomously driven tens of millions of miles on public roads and tens of billions of miles in simulation, across 13+ U.S. states. For more: www.waymo.com.
ISG | June 24, 2022
Consumer-facing businesses need to invest in technology and new operating models aimed at creating hyper-personalized, friction-free customer experiences, say experts with Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm, appearing at the upcoming ISG TechXchange: Consumer Services event.The full-day event, July 13 at etc.Venues in New York, will examine the shifts in technology, data analysis, operating models, security and sustainability companies in the consumer products and services, retail, logistics, and travel and hospitality industries must accomplish to deliver the experiences their customers expect – and that will define success for years to come.
“The customer experience is front and center and will stay that way for the foreseeable future,” said John Westfield, partner and practice lead, ISG Consumer Services, and host of the event. “Consumers have high expectations for a hyper-personalized, meaningful, friction-free journey for in-store, online and mobile shopping, and enterprises are working to modernize decades-old legacy platforms to deliver instantaneous, relevant experiences.”
The multi-dimensional impact of creating meaningful, hyper-personalized customer experiences in the face of legacy enterprise IT landscapes will be addressed by Clare Megathlin, managing director of software engineering for Alaska Airlines, in a panel discussion, “Shedding Legacy and Modernizing with Innovative Technologies,” Pratibha Salwan, director and leader, ISG Travel, Transportation, Hospitality, Leisure and Logistics.
In a separate panel discussion, “Leveraging Data for Smarter Insights,” Gaurav Bhatia, chief marketing officer for credit union PenFed, and Sunder Pillai, director and lead, ISG Retail and CPG, will discuss how brands are leveraging data from consumers, suppliers and retailers to design better products and services and create stronger brand loyalty.
The featured presentation, “Becoming an Elite Performer: How to Supercharge Your Development Teams in a Cloud-Native World,” delivered by Jennifer Galvin, head of technology alliances for OutSystems, a platform provider of omnichannel applications, will explore a high-performance, low-code development approach to creating software for a continuously evolving world.
As enterprises increasingly look for business value from data monetization, Sahil Sabharwal, vice president of enterprise data platforms for American Express, and Ranjan Roy, vice president of strategy for clothing manufacturer Adore Me, will discuss the data science, artificial intelligence and digital automation innovations – and cultural changes – that are fueling such initiatives, as part of a panel discussion, “Innovations@Scale.”
A successful customer journey is dependent on an enterprise’s ability to produce and analyze data at scale,” Westfield said. “Relevant, contextual data must flow through the entire business ecosystem. This can only be achieved by investing in analytics technology, coupled with continuous training and investment in people to develop analytical, technical, functional and even behavioral skills.
During the event, ISG experts will present insights on topics ranging from the 360-degree customer view, to personalization, the metaverse, virtual innovations, and building sustainability, technology and innovation into the customer experience.
The ISG TechXchange: Consumer Services event is sponsored by Cognizant, Mindtree, OutSystems, Tata Consultancy Services, Zensar, Allganize, Tiger Analytics and UiPath. CIOInsights, CIOReview, Retail Tech Insights, RetailWire, The Technology Business Management (TBM) Council and The AI Journal are media sponsors.
Additional information and event registration are available on the event website.
ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 800 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including automation, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,300 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com.
E2open | April 26, 2022
E2open Parent Holdings, Inc. (NYSE: ETWO), a leading network-based provider of a cloud-based, mission-critical, end-to-end supply chain management platform, announces that its strategic alliance partner, KPMG LLP is building a new E2open practice to help clients transform their enterprise with supply chain technology.The KPMG E2open practice will be focused on creating positive business outcomes and a more connected supply chain through technology adoption, services and expertise.
“We’re thrilled to strengthen our alliance relationship with KPMG and launch a dedicated E2open practice to drive more value for our mutual clients, This is yet another step in our stated strategy to expand our partnerships and partner ecosystem to best serve clients.”
-Michael Farlekas, chief executive officer of E2open
KPMG LLP Supply Chain Advisory Leader Rob Barrett, said, We look forward to servicing our mutual clients in building more connected, resilient supply chains through digital transformation. Our E2open practice will help guide that journey, from technology roadmap and operating capabilities to the skills and internal adoption that drives ultimate success.
“Our goal is to help clients achieve better results in managing their supply chains, and our alliance with KMPG is instrumental in that endeavor. We’re excited that KMPG is opening up a practice, which will include expanded transportation and logistics capabilities from E2open’s most recent acquisitions.”
-Heather Generes, general manager, channel and growth at E2open
KMPG recently received the CONNECT 2022 Strategic Alliance Partner of the Year Award from E2open at its annual client conference.
About KPMG LLP
KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 145 countries and territories and has close to 236,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to community service, inclusion and diversity, and eradicating childhood illiteracy. Learn more at www.kpmg.com/us.
At E2open, we’re creating a more connected, intelligent supply chain. It starts with sensing and responding to real-time demand, supply and delivery constraints. Bringing together data from customers, distribution channels, suppliers, contract manufacturers and logistics partners, our collaborative and agile supply chain platform enables companies to use data in real time, with artificial intelligence and machine learning to drive smarter decisions. All this complex information is delivered in a single view that encompasses your demand, supply, logistics and global trade ecosystems. E2open is changing everything. Demand. Supply. Delivered.™ Visit www.e2open.com.
Radiant Logistics, Inc. | February 23, 2022
Radiant Logistics, Inc. (NYSE American: RLGT), a third-party logistics and multimodal transportation services company, today announced that its board of directors has authorized the repurchase of up to five million shares of the Company's common stock through December 31, 2023. As of February 1, 2022, the Company had 49,443,305 shares outstanding.
The share repurchases may occur from time-to-time through open market purchases at prevailing market prices or through privately negotiated transactions as permitted by securities laws and other legal requirements. The Company expects to fund all purchases from existing cash balances, cash available under the Company's revolving credit facility and future cash flows from operations. The program allows the Company to repurchase its shares at its discretion. Market conditions, price, corporate and regulatory requirements, alternative investment opportunities, and other economic conditions will influence the timing of the purchases and the number of shares repurchased. The program does not obligate the Company to repurchase any specific number of shares and, subject to compliance with applicable securities laws and other legal requirements, may be suspended or terminated at any time without prior notice.
We believe the current share price does not adequately reflect Radiant's long-term growth prospects, and therefore, the repurchase of our shares could represent an excellent investment opportunity for both the Company and our shareholders."
Bohn Crain, Founder and CEO.