![]() ![]() ![]() GroundCloud’s platform also incorporates video telematics to provide driving event detection and verification, combined with reactive coaching solutions designed to improve safety. Final-mile carriers leverage the platform to receive customer delivery orders, plan and execute routes against those orders, train and monitor drivers on safety and performance, manage assets and resources, and analyze the operating efficiency of their business. GroundCloud is a leader in final-mile logistics automation, combining operations, safety and compliance in an integrated platform. Here are some excerpts from the press release: Meanwhile, Descartes announced that it is acquiring GroundCloud, “a cloud-based provider of final-mile carrier solutions and road safety compliance tools,” for $138 million plus potential performance-based consideration. Blume also brings significant new talent, a portfolio of other valuable product capabilities, and further enhances our product development skill set. It further extends our capability in one of our six key CargoWise development priority areas, integrating rail into our landside logistics offering in North America, the most complex and largest logistics region in the world. Richard White, Founder and CEO of WiseTech Global, said: “This is another strategically significant acquisition that follows our acquisition of Envase Technologies last month. Before operational synergies, on a standalone basis, Blume expects to achieve FY24 EBITDA margins of approximately 10% and be cash-flow breakeven by the end of FY24. Blume is a high-growth recurring revenue business and is expected to generate FY24 revenues in the range of US$65 million to US$70 million representing annual growth of 45% to 55%. North America is the world’s largest domestic logistics region, and Blume manages intermodal containers and chassis on behalf of 6 of the 7 Class 1 US railroads, ocean carriers and other intermodal equipment providers including global freight forwarders and Beneficial Cargo Owners (BCOs). Here are some details from the press release: Yesterday, WiseTech Global announced that it is acquiring Blume Global (a Talking Logistics sponsor) for $414 million. Two of the most acquisitive software companies in the industry - WiseTech Global and Descartes Systems Group (a Talking Logistics sponsor) - announced acquisitions this week. Like in every market, there are buyers and sellers in the supply chain and logistics software industry. Cass Transportation Index Report January 2023.UPS’ RFID initiative to expand to rest of US network in 2023 (Supply Chain Dive).North American companies notch another record year for robot orders (Reuters).bp leans into convenience and mobility across US, agrees to purchase leading travel center operator, TravelCenters of America.Introducing Convoy Dedicated On Demand, the most flexible way to dedicate freight. ![]() IntelliTrans Partners with AllTranstek to Improve Rail Car Maintenance Tracking.Britain Wargames a Crash Far Worse Than Covid If Chip Supplies Are Shut Off (Bloomberg).Forced Labor Crackdown Is Tough, But Opaque (WSJ – sub. Puma Joinse Zero100 to Find Industry-Wide Solutions to Reduce Carbon Emissions in the Supply Chain.EU Falls Shy of Zero-Emission Target for Trucks by 2040 (Bloomberg).Corporate Climate Plans Fall Well Short of Targets, With a Few Bright Spots (WSJ – sub.China spy balloon tensions are drifting into politics of the supply chain (CNBC).Retailers Hope to Bargain for Lower Ocean-Freight Rates (WSJ – sub.Moving on, here’s the supply chain and logistics news that caught my attention this week: Maybe next week, or the week after, I’ll get one I know there won’t be a letter from a friend today. When the mailman comes by today, I won’t be in a rush to see what he brought. Words and sentences written not in Arial, Helvetica, or Times New Roman, but in fonts with no name but their own. I still have many of those letters, written decades ago, stored in shoeboxes in the attic. If the envelope had red, white, and blue borders, and a foreign stamp on it, even better. Nothing brightened my day more in college than getting back to my dorm, opening my mailbox, and finding a letter inside. I miss getting handwritten letters from friends in the mail. ![]() Is there something you miss from your younger days? ![]()
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |