VRL Logistics lists at 40% premium to offer price

VRL Logistics | April 30, 2015

Shares of VRL Logistics, which listed today, opened at Rs 288 on the Bombay Stock Exchange (BSE), a premium of 40% to the offer price of Rs 205.The Rs 460 crore-initial public offering (IPO) of VRL Logistics was oversubscribed 74 times, led by strong demand from all category of investors. VRL had priced the IPO in the range between Rs 195 and Rs 205 a share. Given the quantum of demand the issue was priced at the top end of the price band.

Spotlight

69% of all freight tonnage was moved by truck in 2013. That is 9.7 billion tons of freight; more than three times the amount moved by rail, water and air combined. 1982 was the last time congress established the length standard for a twin trailer at 28 ft.


Other News
SUPPLY CHAIN

Certa Launches Next Evolution of Third-Party Risk Management Amid Record Supply Chain Disruption

Certa | July 01, 2022

Certa – a leading supplier management platform – released Studio 2.0, a new version of its industry-leading no-code workflow design product, to help organizations more effectively navigate and overcome supply chain disruptions.Amid ongoing globalization challenges, record inflation, and a looming recession, procurement teams need speed and flexibility to adapt to market changes. Studio 2.0 equips businesses with exactly that – enabling procurement to rapidly onboard new suppliers, optimize compliance, and manage risk in a more flexible manner, without any IT bottlenecks. “The COVID-19 pandemic and war between Russia and Ukraine have proven that interconnectedness comes with great vulnerability. Governments are requiring greater hygiene with rules and regulations that make international business relations harder than ever. As a result, companies are confronted with compliance challenges and are quickly reorganizing their supply chains, Certa enables businesses to overcome today’s market complexity and manage the entire supplier lifecycle at scale – from quickly onboarding and ensuring compliance, to continuously monitoring risk and ESG rankings. Throughout the global chaos, we’ve seen too many businesses playing catch up because IT couldn't respond to their needs fast enough. Studio 2.0 solves this problem by enabling business users to quickly and easily change business processes and onboard new partners.” -Jag Lamba, founder, and CEO of Certa According to recent research from Forrester, 87 percent of procurement decision-makers recognize the importance of accelerating their response to the ever-changing market. However, as procurement teams tackle the reorganization of supply chains, the burden of onboarding, managing compliance, and mitigating risk is heavier than ever. Supplier onboarding and partner management have become an organization’s first line of defense against growing security concerns, new regulations, and volatile consumer demands. Certa is a lifeline for businesses that need to quickly partner with new suppliers in the wake of global changes, regulations, and skyrocketing costs. Certa’s enhanced capabilities with this new release empower businesses to easily manage compliance through a constantly evolving supplier landscape, all while mitigating the inherent risk that comes along with market fluctuation and volatility. In a time where trusted partners have never been more critical, Certa’s Studio 2.0 allows businesses to be more agile and informed than ever before. Certa’s Studio 2.0 is the next generation of Certa’s no-code platform, allowing users greater flexibility with new modules, clear visibility into process dependencies, and a more responsive, drag-and-drop interface that all business users can navigate to significantly reduce the timeline and level of effort required to create a customized solution.Certa Studio 2.0 is now available to new and current customers. To learn more, please visit: getcerta.com For more information, visit www.getcerta.com. Follow Certa on Twitter and LinkedIn to stay up to date. ABOUT CERTA: Based in the San Francisco Bay Area, Certa is a leading no-code supplier lifecycle management platform, eliminating onboarding bottlenecks, and empowering companies to easily do business with good companies. Founded in 2015, Certa uses more than 100+ integrations with trusted data sources and systems to automate and orchestrate workflows, allowing for 3x quicker third-party vendor onboarding while minimizing risk and increasing transparency. Certa has onboarded over a million companies across 120 countries for clients that range from leading tech firms to Fortune 500 companies. Learn more at https://www.getcerta.com.

Read More

LOGISTICS

Accenture Completes Acquisition of Capabilities from Trancom ITS

Accenture | July 04, 2022

Accenture (NYSE: ACN) has completed its acquisition of digital engineering and operational technology capabilities from Trancom ITS, a Japanese logistics technology services provider. Terms of the transaction, which Accenture announced on March 28, 2022, were not disclosed. Approximately 190 Transcom ITS engineers have joined Accenture Industry X in Japan as part of the transaction. They specialize in cloud-based logistics systems and optimizing warehouse operations with IoT and sensor technology. The acquisition strengthens Accenture’s digital engineering, manufacturing and logistics capabilities to offer hyper-automation solutions at scale, which manufacturing and logistics companies in Japan are increasingly demanding. About Accenture Accenture is a global professional services company with leading capabilities in digital, cloud and security. Combining unmatched experience and specialized skills across more than 40 industries, we offer Strategy and Consulting, Technology and Operations services and Accenture Song — all powered by the world’s largest network of Advanced Technology and Intelligent Operations centers. Our 710,000 people deliver on the promise of technology and human ingenuity every day, serving clients in more than 120 countries. We embrace the power of change to create value and shared success for our clients, people, shareholders, partners and communities. Visit us at accenture.com.

Read More

TRANSPORTATION

ENEL LAUNCHES NEW GLOBAL E-MOBILITY BUSINESS, ENEL X WAY

Enel | June 28, 2022

Enel, a Fortune 200 energy company that plans to decarbonize its business by 2040, has announced Enel X Way, its new global business line dedicated to smart electric vehicle infrastructure solutions. Enel X Way will focus exclusively on developing EV charging solutions and services to accelerate the adoption of EVs for consumers, companies, cities, and governments. The business is currently active in 17 countries across North and South America, Europe, and Asia and manages over 320,000 public and private charging ports directly and through roaming agreements. In North America, Enel X Way is headquartered in the heart of the Bay Area, San Carlos, Calif., and will support the rapidly increasing demand for electric vehicles and smart EV charging infrastructure with its portfolio of EV charging solutions, including the award-winning JuiceBox, which this year was recognized by CNET and Car and Driver as the "Best EV Charger Overall for 2022." According to BloombergNEF, EV sales in North America were up 88% in 4Q 2021, bringing the EV share of new car sales to 6.8% that quarter – the highest yet for the region. With more than 110,000 charging stations deployed across North America, EV drivers plug into an Enel X Way charging station every 2.6 seconds, and since launching its flagship consumer product in 2014, JuiceBox customers have avoided more than 510 tons of greenhouse gas emissions, equivalent to 1.3 million miles driven by an average gasoline-powered passenger vehicle.1 "The future is electric, and decarbonizing our energy and transportation systems will require smart infrastructure solutions to be the bedrock of this transition, Enel X Way was created to accelerate a sustainable transportation future for all. Becoming Enel X Way is a testament to Enel's increasing investment in electric mobility and commitment to supporting the larger clean energy transformation." -Elisabetta Ripa, CEO of Enel X Way. Under the new business line, Enel X Way North America is committed to further increasing sales and production, expanding its portfolio of solutions to include more commercial charging stations and growing its workforce with new highly skilled jobs to meet the evolving market needs. To help new EV drivers and businesses go electric, Enel X Way now offers 24/7 customer support and is helping customers leverage hundreds of millions of available incentive dollars across the United States and Canada as part of state, local and utility programs. Across North America, major automakers are doubling down on their electric vehicle plans, large corporations are electrifying their fleets, and new policies and incentives are accelerating more EV adoption,said Chris Baker, Head of Enel X Way North America. To further promote the spread of electric mobility, Enel X Way will strengthen its numerous partnerships around the world with electric vehicle manufacturers, private companies and public institutions and will leverage an 'interoperable system' by participating in roaming agreements and joint ventures to ensure that customers have access to an extensive and ubiquitous charging experience throughout North America, South America, Europe and Asia. This spring, Enel X Way will be launching new retail, automotive and utility partnerships, adding to its roster of commercial customers since releasing its commercial product line in 2020. About Enel X Way North America Enel X Way is a global leader in smart electric vehicle charging solutions with over 320,000 charging ports worldwide, including roaming agreements. As a subsidiary of Fortune 200 renewable energy leader, the Enel Group, Enel X Way is committed to providing smart mobility solutions for drivers, businesses and partners to make driving electric simple. Enel X Way's flagship home charging station, the JuiceBox, has been named the "best EV charger overall" in 2022 by CNET Roadshow. For more information, please visit our Enel X Way North American website here and follow us on Twitter, Instagram and Facebook @enelxwayna.

Read More

SOFTWARE AND TECHNOLOGY,LOGISTICS

AITX's Subsidiary Robotic Assistance Devices Receives Expansion Order of Multiple AVA and TOM Units from Leading Global Logistics Company

Artificial Intelligence Technology Solutions, Inc., | July 16, 2022

Artificial Intelligence Technology Solutions, Inc., (OTCPK:AITX), announced that its wholly owned subsidiary Robotic Assistance Devices, Inc. (RAD) has received an order for 5 security robots from a top ranked global logistics company. The order is valued in the low six figures, plus recurring revenue after a set period. Although not named due to confidentiality agreements, the Company indicated that the end-user, an existing client, is a global leader in supply chain management & third-party logistics. The order is part of a broad expansion of the client’s proven facility security solution. The 4 AVA autonomous access control security robots and 1 TOM visitor management device are expected to be deployed this summer at one of the client’s end-user’s distribution centers. “This is what scaling and expansion looks like,” said Steve Reinharz, CEO of AITX and RAD. “Four weeks ago, this client placed an identical order with us. This Fortune 500 company knows how well the RAD solutions work, and how much money they save the end-user, and now they’re going big. We expect to see similar roll out orders to continue for the foreseeable future,” Reinharz added. “Every major client of ours, and those in RAD’s sales funnel typically starts slowly, with a single device or two, As they experience the great results, value and savings RAD delivers, we anticipate scaling and broader deployments, just as we’re seeing with this and other clients.” -Mark Folmer, President of RAD The Company also confirmed that with this order for 5 RAD devices, the client’s total number of units deployed and/or on order is 44. The Company expects to receive permission from this client to share its name, RAD device use cases and applications in the coming weeks. According to a recent report by Allied Market Research, the global logistics automation industry was pegged at $49.70 billion in 2020, and is expected to reach $147.38 billion by 2030, growing at a CAGR of 11.9% from 2021 to 2030. The report mentions that "several logistics companies have started to invest in industry 4.0 technologies in order to deal with labor shortages issue, and to fulfill rising demand from e-commerce sector. Companies are adopting autonomous robots." RAD’s parent company AITX has filed for uplisting to the OTCQB. Future announcements will be made regarding the status of the OTCQB application. AVA (Autonomous Verified Access) is a compact and stanchion mountable unit that provides an edge-to-edge 180° field of vision with advanced access control over gates and other controlled points of entry. AVA takes full advantage of the RAD Software Suite providing an ideal solution for logistics and distribution centers, storage yards, parking structures and lots, corporate campuses; anywhere that increased visibility is needed at a fraction of the cost. At ISC West in late March, AVA was named a winner of the 2022 SIA New Products and Solutions Awards in the category of Access Control Software, Hardware, Devices and Peripherals. Robotic Assistance Devices (RAD) is a high-tech start-up that delivers robotics and artificial intelligence-based solutions that empower organizations to gain new insight, solve complex security challenges, and fuel new business ideas at reduced costs. RAD developed its advanced security robot technology from the ground up including circuit board design, and base code development. This allows RAD to have complete control over all design elements, performance, quality, and the user’s experience of all security robots whether SCOT™, ROSA™, Wally™, Wally HSO™, AVA™, ROAMEO™, or RAD Light My Way™. Read about how RAD is reinventing the security services industry by downloading the Autonomous Remote Services Industry Manifesto, and request a copy of the recently published ‘Navigating the New Economy: Jobs & Automation, Challenges & Opportunities’. About Artificial Intelligence Technology Solutions (AITX) AITX is an innovator in the delivery of artificial intelligence-based solutions that empower organizations to gain new insight, solve complex challenges and fuel new business ideas. Through its next-generation robotic product offerings, AITX’s RAD, RAD-M and RAD-G companies help organizations streamline operations, increase ROI, and strengthen business. AITX technology improves the simplicity and economics of patrolling and guard services and allows experienced personnel to focus on more strategic tasks. Customers augment the capabilities of existing staffs and gain higher levels of situational awareness, all at drastically reduced cost. AITX solutions are well suited for use in multiple industries such as enterprises, government, transportation, critical infrastructure, education, and healthcare. To learn more, visit www.aitx.ai, stevereinharz.com, www.radsecurity.com and www.radlightmyway.com, or follow Steve Reinharz on Twitter @SteveReinharz.

Read More

Spotlight

69% of all freight tonnage was moved by truck in 2013. That is 9.7 billion tons of freight; more than three times the amount moved by rail, water and air combined. 1982 was the last time congress established the length standard for a twin trailer at 28 ft.

Resources