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Gather AI raises $40m to scale its physical AI platform for global logistics
Yahoo Finance· 2026-02-10 15:07
Warehouse operations can make or break an organization. That problem is at the heart of Gather AI’s latest funding round. The Pittsburgh-based startup announced it has raised $40 million in Series B financing, led by Smith Point Capital Management, the firm founded by former Salesforce co-CEO Keith Block. The raise brings Gather AI’s total funding to roughly $74 million and positions the company to accelerate global deployment of what it calls a “Physical Intelligence Platform” for logistics. Unlike the ...
Descartes Showcases AI Innovations to Help Improve Supply Chain and Logistics Operations
Globenewswire· 2026-02-09 11:45
Core Insights - Descartes Systems Group is showcasing its latest technology innovations focused on AI and advanced automation at Manifest 2026, emphasizing the importance of intelligent, secure, and resilient operations in complex supply chain environments [1][2] Technology Innovations - The company highlights the necessity for supply chain participants to access clean, formatted, real-time data from trusted sources to enhance operational efficiency [2] - Innovations include AI-driven global trade intelligence, automation of customs and security filings, and advanced compliance capabilities to mitigate risks [4] - AI enhancements in transportation management aim to increase accuracy and responsiveness, including automated driver engagement and proactive risk identification [4] Applications and Benefits - Descartes' solutions are designed to support logistics operations with greater confidence and competitive advantage, leveraging its Global Logistics Network [2][4] - AI-driven technologies are expected to improve service reliability, streamline workflows, and enhance customer service in logistics operations [4]
ShipTime Acquires Warehowz to Expand North American Capabilities
Prnewswire· 2026-02-05 13:30
With a network of over 2,500 warehouses across North America, including facilities in both the United States and Canada, Warehowz provides flexible fulfillment and storage options that help businesses dynamically manage inventory and improve delivery speed. Integrating Warehowz into the ShipTime ecosystem enables merchants and enterprise brands to gain greater control, visibility, and adaptability across the entire supply chain. TORONTO, Feb. 5, 2026 /PRNewswire/ - ShipTime Canada Inc. a subsidiary of Paid, ...
Morgan Stanley’s Positive Stance Follows Full Truck Alliance’s (YMM) Approval of Capital Return Plan
Yahoo Finance· 2026-01-29 17:32
Group 1 - Full Truck Alliance Co. Ltd. (NYSE:YMM) is rated as one of the best tech stocks under $10, with an Overweight rating from Morgan Stanley and a price target of $14 [1] - The analyst projects a sustained 30% year-over-year growth in YMM's transaction commission revenue by 2026, alongside an order volume growth of 13-17% [1] - The company approved a $400 million capital return plan for fiscal year 2026, which includes dividends and share repurchases, returning 50% of its non-GAAP adjusted net income from the previous fiscal year [2] Group 2 - JPMorgan downgraded YMM's stock from Neutral to Underweight on January 13, lowering the price target from $11.00 to $8.00, citing a lack of growth or margin improvement despite international expansion efforts [3] - Full Truck Alliance operates mobile and website platforms that connect shippers and truckers, facilitating shipments across various distance ranges, cargo weights, and types [3]
Freight Technologies Launches Zayren Pro with Next-Generation AI Agents
Globenewswire· 2026-01-22 14:00
Core Insights - Freight Technologies, Inc. has launched Zayren Pro, an advanced version of its AI-driven predictive pricing and matching platform, aimed at enhancing subscription-based SaaS revenue [1] - The new platform transitions the company's AI strategy from market visibility to actionable procurement execution, featuring advanced AI capabilities and a proprietary carrier portal [2] - Zayren Pro allows enterprise shippers and brokers to autonomously shortlist carriers and benchmark costs, effectively closing the loop between pricing and booking [3] Product Features - Zayren Pro represents a commercial maturation of the company's AI roadmap, monetizing rate predictions and providing tools for execution [4] - Key features include a premium SaaS model with unlimited AI agent usage, a proprietary carrier portal for self-onboarding, and smart procurement shortlists created by AI algorithms [6] - Direct execution tools enhance connectivity, allowing shippers to convert AI rate predictions into confirmed bookings instantly [6] Company Overview - Freight Technologies offers a diverse portfolio of AI and machine learning-powered solutions to optimize supply chain processes, including platforms for cross-border shipping, less-than-truckload shipping, and ocean freight management [5] - The interconnected product suite aims to improve matching and operational efficiency through innovative technologies such as live pricing and real-time tracking [5]
ConnectM Technology Solutions, Inc.(CNTM) - Prospectus
2026-01-16 13:34
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM S-1 REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933 CONNECTM TECHNOLOGY SOLUTIONS, INC. (Exact name of registrant as specified in its charter) Delaware 4931 87-2898342 (State or other jurisdiction of incorporation or organization) (Primary Standard Industrial Classification Code Number) (I.R.S. Employer Identification Number) 2 Mount Royal Avenue, Suite 550 Marlborough, Massachusetts 01752 617-395-1333 (Ad ...
Freight Technologies Bolsters Fleet Rocket With 19 New Integrated GPS Providers
Globenewswire· 2026-01-13 14:00
Core Viewpoint - Freight Technologies, Inc. is expanding its Fleet Rocket Transportation Management System (TMS) through the integration of its Fr8Radar GPS network, which now includes 73 GPS providers, indicating strong growth and interest in the logistics technology sector [1][2]. Group 1: Company Expansion and Technology Integration - Since October 2025, Fleet Rocket has integrated 19 new GPS providers, marking the highest period of GPS integration activity to date [2]. - The Fr8Radar solution allows users to monitor vehicle locations across multiple carriers and GPS networks within a single interface, linking geolocation data to shipment records and related documents [3]. - The integration of Fr8Radar into Fleet Rocket enhances operational efficiency for companies managing multiple carriers, allowing for streamlined tracking and management of shipments [4]. Group 2: Product Portfolio and Market Position - Freight Technologies offers a diverse portfolio of AI-powered solutions aimed at optimizing the supply chain, including Fr8App for cross-border shipping, Fr8Now for less-than-truckload shipping, and Fleet Rocket as a scalable TMS [5]. - The interconnected nature of the company's products aims to improve operational efficiency through innovative technologies such as live pricing and real-time tracking [5].
Mexican-built logistics startup WeShip sets sights on US expansion
Yahoo Finance· 2026-01-13 12:00
Core Insights - WeShip, a logistics technology platform from Mexico, is entering the U.S. market in 2026, focusing on domestic parcel services initially, with plans for cross-border shipping and freight services later [1][2][3] Company Overview - Founded in 2021, WeShip connects parcel carriers with e-commerce platforms, enabling merchants to manage shipments, compare rates, and track delivery performance from a single interface [4] - The platform serves small and medium-sized businesses (SMBs) and enterprise clients, including notable companies like Costco and Movado [5][6] Market Strategy - The U.S. parcel market is characterized by a few dominant carriers, which the founders believe will simplify their market entry compared to Mexico's fragmented last-mile market [3][4] - WeShip's U.S. expansion will initially target existing customers operating on both sides of the U.S.-Mexico border, with plans to introduce cross-border capabilities and freight services subsequently [2][3] Unique Selling Proposition - WeShip offers cross-border visibility by allowing users to enter customs declarations and track customs status in real-time, which is crucial for shipments crossing borders [7][9] - The platform enables customers to compare carrier performance and identify bottlenecks in their supply chains, enhancing operational efficiency [8][9] Customer Base - WeShip's existing users ship a variety of products, including apparel, jewelry, and industrial equipment, with some enterprise customers managing complex international supply chains [9]
Company Notes Series (#12): Descartes Systems Group : The Good Investors %
The Good Investors· 2026-01-10 08:49
Core Insights - Descartes Systems Group focuses on providing logistics and supply chain management software to help organizations reduce costs, improve margins, and enhance customer service in a complex global trade environment [3][6]. Company Background - Founded in 1981 and listed in 1999, Descartes is headquartered in Ontario, Canada, with over 1500 employees [3]. - The company operates primarily on a SaaS subscription model, with some clients on perpetual licenses, and has a significant portion of revenue tied to shipment volumes [6]. Market Challenges - Logistics-intensive organizations face increasing complexities due to manual processes, regulatory requirements, and the rise of e-commerce, which demands faster and more flexible fulfillment [3][6]. - The need for real-time data sharing among logistics partners is critical, as traditional fragmented solutions are inadequate [3]. Sales and Growth Strategy - Descartes has a Global Logistics Network (GLN) that facilitates real-time data flow among trading partners, serving as a competitive advantage [6]. - The company has over 25,000 customers across 160+ countries, with significant revenue contributions from the USA (63%) and EMEA (26%) [6]. - Acquisitions have been a key growth driver, with 31 acquisitions totaling $1.04 billion since 2014 [6]. Financial Performance - Revenue has compounded at 15.7% annually from FY2010 to FY2022, with free cash flow (FCF) compounding at 22% [11]. - As of Q3 FY23, revenues were $121.5 million, up 12% year-over-year, with 91% of revenue coming from service [11]. - The company is net cash positive with $229 million in cash and has access to $350 million in credit facilities [11]. Management and Compensation - The management team includes CEO Edward J. Ryan, who has been with the company since 2000, and CFO Allan Brett, who joined in 2014 [11]. - Compensation for executives is structured to align with long-term performance, with significant portions tied to company performance metrics [11]. Valuation - As of February 21, 2023, Descartes has a market cap of $6.4 billion and a trailing FCF of $182 million, resulting in a PFCF ratio of approximately 35 [13]. - The company does not currently pay dividends or buy back shares, indicating a focus on reinvesting cash flows for growth [13].
How Portcast turns supply chain visibility into actionable intelligence
Yahoo Finance· 2025-12-29 20:00
Core Insights - The logistics visibility landscape is evolving from passive tracking to active intelligence, with Portcast distinguishing itself by providing actionable insights rather than just data [2][3] - Traditional visibility tools often overwhelm operators with data without offering timely and connected interpretations, leading to operational inefficiencies [3] Group 1: Traditional Visibility Challenges - Operations teams continue to struggle with delays and service level agreements despite the availability of real-time tracking and dashboards [1] - Legacy tools require human operators to interpret data, which is often not timely or connected enough to drive effective action [3] Group 2: Predictive Visibility Benefits - Predictive visibility provides insights into why issues occur, their implications for specific operations, and actionable responses, enhancing both operational and financial decision-making [3] - A case study illustrates how a customer improved cash flow by using Portcast to obtain reliable ETAs, which resolved invoicing issues and reduced internal disputes [5][6] - The implementation of Portcast's solution allowed the customer to streamline operations, reducing the time spent on invoicing discussions from two meetings per week to just five to ten minutes [6]