Fort Lauderdale, FL, Feb. 02, 2026 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorhythm”) (NASDAQ: RIME) – a leading AI technology company, today announced that the Company and its SemiCab platform were featured in Forbes in an article examining the hidden role of freight inefficiency and its impact on rising food costs and global supply chain economics. The article, entitled “How an Airline Analogy Is Reframing the Cost of Food,” highlights that approximately one-third of global freight miles are dri ...

Core Insights - Algorhythm Holdings, Inc. and its SemiCab platform were highlighted in a Forbes article discussing freight inefficiency and its effects on food costs and global supply chain economics [1][2] Industry Insights - Approximately one-third of global freight miles are driven empty, resulting in nearly 33% systemic waste in food distribution networks, similar to airlines operating one out of every three flights without passengers [2][3] - The inefficiency of empty freight trucks contributes significantly to transportation costs, which are ultimately reflected in food prices [3][4] - Transportation is crucial for food distribution, with freight trucks moving the majority of agricultural goods and impacting retail food prices [4] Company Insights - SemiCab's AI-driven platform aims to reduce waste and improve efficiency in logistics, addressing the hidden costs associated with empty miles in global supply chains [4][5] - The platform treats freight transport as a continuous network, optimizing millions of freight loads across a vast truck network to reduce empty miles [5] - Algorhythm Holdings focuses on the growth of SemiCab, which has enabled major retailers and transportation providers to tackle common supply chain issues since 2020 [6]

Core Insights - Algorhythm Holdings, Inc. will showcase its APEX AI SaaS solution at the Link 2026: The Retail Supply Chain Conference, a premier event for retail logistics in the US [1][2] Company Overview - Algorhythm Holdings is a leading AI technology company focused on the development of SemiCab, which addresses supply chain challenges for major retailers and transportation providers globally [5] - SemiCab's AI-enabled Collaborative Transportation Platform optimizes logistics by predicting and managing millions of loads and hundreds of thousands of trucks [5] Industry Context - The U.S. full-truckload market is valued at over $450 billion annually for 2025 and is projected to grow to $535 billion by 2030 [4] - An estimated $150 billion was lost to empty miles in 2025, highlighting inefficiencies in the logistics sector [4] Product Features - SemiCab Apex is designed to integrate seamlessly with existing transportation management systems (TMS) and enhance logistics operations for 3PLs and enterprise shippers [3][7] - The platform allows for the creation of multi-party freight networks, reducing empty miles and unlocking shared efficiencies [7] - Predictive analytics and benchmarking capabilities are included to identify cost savings and improve yield per lane [7]

Core Insights - Algorhythm Holdings, Inc. announced a $1.6 million contract expansion with Hindustan Unilever, Ltd. (HUL), marking a significant increase in business for SemiCab, a subsidiary focused on logistics and distribution [1][2] Group 1: Contract Details - The new contract represents a more than 10x increase in value compared to the previous pilot program [2] - The contract provides SemiCab with strategic geographic synergies in the Southern Corridor of Bangalore, where it holds a dominant market share [2] Group 2: Strategic Implications - The additional volume from HUL is expected to enhance SemiCab's freight network, minimizing empty mileage and improving fleet utilization [2][3] - The CEO of SemiCab emphasized that the contract aligns with their growth strategy for 2026, focusing on improved network optimization and lane density [3] Group 3: Company Overview - Algorhythm Holdings, through SemiCab, utilizes AI technology to address supply chain challenges, enabling collaboration among manufacturers, retailers, and carriers [4] - SemiCab's platform leverages real-time data and predictive optimization models to enhance logistics efficiency, allowing shippers to reduce costs while increasing carrier earnings [4]

Company Performance - Algorhythm Holdings achieved a record annualized revenue run rate (ARR) of $9.7 million in December 2025, marking a 300% increase from $2.5 million ARR at the end of 2024 [1] - The company experienced nearly 300% growth in annualized sales during 2025, expanding its client base and market presence [3] Market Opportunity - Algorhythm's SemiCab platform addresses significant inefficiencies in global logistics, specifically the hundreds of billions of empty truck miles driven annually, which represents a major cost issue in the industry [3] - The total addressable market for SemiCab is substantial, with the Indian National Digital Freight Exchange (NDFE) ecosystem presenting an aggregate contract opportunity of approximately $1.4 billion annually, of which SemiCab has only penetrated just over 1% [5] Client and Contract Expansion - In 2025, SemiCab secured five new contracts with major multinational fast-moving consumer goods companies in India and received seven contract expansions for increased lanes and trip volume [2] - Existing clients in Indian metropolitan regions collectively award over $250 million in annual freight contracts, with SemiCab currently holding $15 million of this amount, representing 6% of the market opportunity [5] Industry Insights - The global truckload transportation industry is estimated to be around $3 trillion annually, with trucks driving empty one out of every three miles, leading to over 400 billion empty miles each year [5] - These inefficiencies result in more than $1 trillion in avoidable freight spending, highlighting a significant opportunity for AI-driven optimization solutions like SemiCab [5]

Core Insights - SemiCab has expanded its Master Services Agreement with Apollo Tyres, which is the second largest tire manufacturer in India, potentially generating up to $2.5 million in annual revenue for SemiCab [1][2]. Company Overview - Algorhythm Holdings, Inc. is a leading AI technology company focused on the development of SemiCab, which addresses supply-chain challenges globally since 2020 [5]. - SemiCab's AI-enabled, cloud-based Collaborative Transportation Platform aims to optimize logistics by reducing service costs and improving delivery accuracy [3]. Partnership Details - The expanded agreement allows SemiCab to provide managed transportation services along 20 densely populated lanes in India, increasing the frequency of loads shipped [2]. - The partnership with Apollo Tyres is expected to drive significant cost efficiencies and performance improvements for both companies [4]. Technology and Innovation - SemiCab's platform enhances visibility in the transportation network through live tracking and real-time collaboration opportunities between shippers and transporters [3]. - The platform integrates with existing Transportation Management Systems (TMS) for automated processes, utilizing AI/ML predictions for optimizing logistics [5].

Core Insights - Algorhythm Holdings, Inc. is experiencing significant growth driven by its AI logistics platform, SemiCab, which has seen a 10x increase in contracted freight volume and successful launch of the Apex SaaS platform [1][9] Financial Achievements - SemiCab's annualized revenue run-rate (ARR) increased by 220% from $2.5 million in January to over $8 million by year-end, with a forward-looking ARR of $15 million based on current contracts and expansions [6][10] Contract Wins and Expansions - In 2025, SemiCab secured five new contracts with major multinational fast-moving consumer goods (FMCG) companies in India and achieved contract expansions ranging from 100% to 600% in trip volume [4][7] - Notable contract expansions include a $6 million deal with Asian Paints, increasing active lanes from 25 to 183, marking the largest contract in SemiCab's history [7][8] Business Highlights - The year 2025 was transformative for Algorhythm, marked by the divestiture of its Singing Machine business and a strategic focus on AI logistics, enhancing its position in the market [5][12] - The company appointed new executives to drive its SaaS strategy and brand development, further solidifying its growth trajectory [12] Outlook for 2026 - Algorhythm is poised for continued growth in 2026, leveraging its expanding customer base and the new Apex SaaS platform to enhance margins and scalability [9][10] - The company anticipates strong revenue growth driven by new enterprise pilots and additional contract expansions with existing customers [9][10]

Core Insights - Algorhythm Holdings, Inc. announced a significant expansion of SemiCab's Master Services Agreement with a major Indian paint manufacturer, marking the largest contract expansion in the company's history with a tenfold increase over the initial pilot program [1][3] Company Overview - Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth of SemiCab, which specializes in logistics and distribution solutions [6] - SemiCab's AI-enabled, cloud-based Collaborative Transportation Platform aims to reduce logistics costs, improve delivery accuracy, and eliminate empty miles, enhancing efficiency and sustainability in the global freight industry [3][6] Contract Expansion Details - The newly expanded agreement has increased the number of committed lanes from 25 to 183, resulting in an additional $5.5 million in annual service revenue for SemiCab [2] - This $6 million expansion is expected to raise SemiCab's annualized revenue run rate (ARR) to over $13 million upon completion [3] CEO Commentary - Ajesh Kapoor, CEO of SemiCab, expressed enthusiasm about the expansion, highlighting the validation of their AI-powered platform and the potential for greater efficiencies and cost savings for customers [4] - Kapoor emphasized the self-reinforcing cycle created by increased freight volume, which enhances network density and reach, leading to improved economics and rapid scaling opportunities [4] Industry Context - This expansion is the fifth major contract growth in India for SemiCab in 2025, indicating a trend of significant growth beyond initial pilot phases [5] - Since 2021, SemiCab has engaged in over a dozen pilot programs in the US and India, generating between $1 million and $2 million in freight services revenue per program [4]

Core Insights - Algorhythm Holdings, Inc. has announced a joint sales and marketing agreement between SemiCab and Provisi.ai to enhance the launch of SemiCab's new Apex SaaS platform targeting U.S.-based 3PLs and enterprise shippers [1][3] Company Overview - Algorhythm Holdings, Inc. is a leading AI technology company focused on the growth of SemiCab, which addresses supply-chain problems globally through its AI-enabled, cloud-based Collaborative Transportation Platform [7] - SemiCab's technology aims to optimize logistics by using real-time data and advanced predictive optimization models to enable fully loaded round trips [7] Partnership Details - Provisi.ai, led by Shane Engle, has a strong track record in executing complex SaaS product launches within the Fortune 500 market, including significant contracts worth up to $100 million annually [2][3] - The partnership is expected to leverage Provisi.ai's access to Fortune 500 clients to promote SemiCab's value proposition, particularly in reducing empty miles and increasing profitability [3][5] Market Potential - The U.S. full-truckload (FTL) total addressable market is approximately $450 billion, presenting a significant opportunity for SemiCab's Apex platform [3] - It is estimated that around $150 billion, or 30-35%, of U.S. annual shipping spend is wasted on empty miles, which SemiCab aims to reduce by 70% through its technology [5] Apex Platform Features - SemiCab Apex extends the company's AI-driven orchestration engine to the U.S. market, enabling enterprise-level supply chains to predict, plan, and profit with precision [4] - The platform allows 3PLs and enterprise shippers to create branded logistics operating systems, integrate with existing systems, and leverage predictive analytics for cost savings and efficiency improvements [6]

Core Insights - SemiCab has significantly expanded its transportation services engagement with Marico, a leading consumer goods company in India, following a successful pilot program [3][5] - The expansion is expected to generate an annualized revenue opportunity of approximately $3 million for SemiCab, marking its fifth multi-million dollar contract in 2025 [2][4] - The partnership aims to enhance Marico's nationwide operations by providing greater service consistency, improved planning accuracy, and reduced transportation costs [3][4] Company Developments - SemiCab's managed transportation services are powered by an AI technology platform that optimizes logistics by reducing empty miles and improving asset utilization [4][6] - The CEO of SemiCab emphasized the growing momentum in their India business, highlighting that each new contract increases network density and drives greater efficiencies [5] - The company has positioned itself as a key managed transportation partner for large enterprises in India, reinforcing its market presence through multiple significant contract wins in 2025 [4][5] Industry Context - Algorhythm Holdings, the parent company of SemiCab, focuses on AI technology to address supply chain challenges globally, enabling collaboration among manufacturers, retailers, distributors, and carriers [6] - SemiCab's AI-enabled platform allows for the optimization of millions of loads and hundreds of thousands of trucks, enhancing the logistics and distribution industry [6]