Supply Chain/Logistics
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Universal Logistics Holdings, Inc. Postpones Third Quarter 2025 Earnings Release
Prnewswire· 2025-10-23 21:12
Core Points - Universal Logistics Holdings, Inc. has postponed the release of its third quarter financial results for the period ended September 27, 2025, which was originally scheduled for October 23, 2025, to allow additional time for financial reporting procedures related to non-cash impairment charges on intangible assets in its intermodal segment [1] - The investor conference call that was set for October 24, 2025, at 10:00 a.m. ET has also been postponed [1] - A new date and time for the earnings release and conference call will be announced once the financial reporting process is complete [2] Company Overview - Universal Logistics Holdings, Inc. is a holding company with subsidiaries providing customized transportation and logistics solutions across the United States, Mexico, Canada, and Colombia [3] - The company offers a wide range of supply chain solutions that can be scaled to meet changing demands, including value-added, dedicated, intermodal, and trucking services [3]
Cryoport Systems Expands Global Footprint with New Global Supply Chain Center in Paris, France
Prnewswire· 2025-10-01 12:30
Core Insights - Cryoport, Inc. has launched a new state-of-the-art facility in Louvres, France, enhancing its Global Supply Chain Center network to support complex life sciences supply chain needs [1][2][4] - The facility is strategically located near Paris Charles de Gaulle Airport and will provide end-to-end temperature-controlled supply chain solutions for biopharma and other temperature-sensitive commodities [2][3] - The facility will be operational immediately, offering logistics support for various therapies and will expand its services over time to include BioServices and biostorage [3][4] Company Expansion - The new facility is the third global supply chain center in Cryoport's network, aimed at streamlining operations in the advanced therapies market [2] - It will enhance Cryoport's ability to serve clients in European and global markets, ensuring secure handling of temperature-sensitive commodities [4] - The facility's operations will include 24-hour worldwide dispatch capabilities and will align with Cryoport's quality oversight standards [4] Future Developments - An official grand opening for the Paris GSCC is scheduled for November 20, 2025, which will involve local dignitaries and market leaders in the advanced therapies sector [5] - The facility was partially funded by a grant from the Île-de-France region to promote economic growth in the area [4]
GROUNDBREAKERS 2025: Prologis CEO, Secretary Burgum Headline Forum Focusing on Energy Reliability, AI and the Future of Global Supply Chains
Prnewswire· 2025-10-01 01:50
Core Insights - Prologis convened leaders from business, government, and academia at the GROUNDBREAKERS 2025 forum to discuss the intersection of energy reliability and AI in global supply chains [1][2] - U.S. Secretary of the Interior Doug Burgum emphasized the importance of energy abundance for technological advancement, particularly in AI, and the need for reliable and affordable energy to foster economic growth [2] - Prologis CEO Hamid R. Moghadam highlighted the necessity of integrating both renewable and traditional energy sources to meet future demands [2] Panel Highlights - The panel on Global Trade featured discussions on the importance of resilience and sustainability in supply chains, with MIT's Yossi Sheffi noting that building resilience incurs costs similar to purchasing insurance [3] - The Future of Energy panel addressed energy reliability as a critical concern for global supply chain executives, advocating for greater integration of infrastructure and energy decision-making [4] - The Delivery & Autonomy panel discussed the impact of autonomous systems on logistics, stressing the need for competitive network readiness to leverage American innovation [4] - A session on Food Systems emphasized the need for agility in food production to adapt to changing consumer demands, with industry leaders noting that large companies often lack the nimbleness required [4] Upcoming Events - The 2028 Summer Olympic Games were highlighted as a significant logistical challenge, with expectations that it will be the largest in Olympic history [5] Space and Defense - A discussion on space and defense underscored the importance of innovation and collaboration in enhancing resilience and security for commerce on Earth [6][7] Additional Information - Prologis positions itself as a leader in logistics, focusing on creating intelligent infrastructure that connects digital and physical worlds, promoting agile supply chains and clean energy solutions [8]
VerifyMe Provides Services Update
Prnewswire· 2025-09-11 12:05
Core Insights - VerifyMe, Inc. is transitioning its Proactive services customers from FedEx to a new shipping partner effective September 24, 2025, aiming to provide cost savings during the peak holiday season while maintaining service quality [2][3] Company Overview - VerifyMe, Inc. operates in the logistics and supply chain sector, focusing on time and temperature-sensitive products, offering services such as traceability, authentication, and anti-counterfeiting [3] Service Changes - The top 5% of customers in PeriShip's Precision Logistics business account for over 60% of Proactive services revenue, with an average customer relationship tenure exceeding 7 years [2] - The company expects the new shipping partnership to enhance customer savings and service continuity during the holiday season [2] Financial Context - The transition to a new shipping partner is not anticipated to affect the Premium services provided to existing FedEx customers [2]