Skip to content
Search AI Powered

Latest Stories

Press releases are provided by companies as is and have not been edited or checked for accuracy. Any queries should be directed to the company issuing the release.

Trax Partners with project44, Creating Industry-Leading Shipment and Financial Visibility Ecosystem

Global enterprise shippers and logistics service providers can now access faster, real-time insights about shipment performance and corresponding costs

Trax Partners with project44, Creating Industry-Leading Shipment and Financial Visibility Ecosystem

Trax Technologies announced that it has entered into a strategic partnership with project44, the world’s leading supply chain visibility platform for shippers and logistics service providers. Trax Technologies is the global leader in Transportation Spend Management elevating freight audit and payment (FAP) through advanced technologies and premium solutions for global shippers and Logistics Service Providers with complex transportation logistics ecosystems. project44, based in Chicago, Illinois, is the most advanced, international provider of connected and automated visibility into key transportation processes to accelerate insights into the physical flow of goods all over the world.

The project44 and Trax partnership creates the leading Transportation Spend Management solution that brings visibility to the supply chain’s physical and financial logistics flow of data into one technology ecosystem for shippers and logistics service providers to drive an optimized Cost-to-Serve for logistics spend while maintaining the highest levels of On-Time-in-Full (OTIF) service and performance. The strategic partnership of project44’s visibility of the physical event data of shipments with Trax’s visibility and control of transportation spend through global Freight Audit and Payment create an unparalleled solution for global enterprise shippers and logistics service providers linking shipment performance and cost-to-serve with real time insights.

"Many of our customers have shared with us the struggle that they have seeing the movement of goods globally and aligning that with their decisions about cost-to-serve. Then to add on top the desire to do that proactively and with speed. We are extremely excited to be the only Transportation Spend Management provider to bring this partnership and that opportunity to our current and future customers," said Josh Bouk, President of Trax. "With this exciting partnership with project44, we can now help our customers advance how they manage the multiple legs of their supply chain, increase the quantity and quality of the data and the actionable insights at their fingertips, and ultimately improve service timeliness and efficiency for their customers."

The partnership between Trax and project44 brings improved decision making to customers of both companies. The benefits of the partnership include actionable insights into transportation activities and the resulting impact on costs leading to real time problem solving, improved planning and rate management, greater customer satisfaction, and more collaborative shipper-carrier relationships. Additionally, the one-to-many integration capabilities of both project 44 and Trax ensure insights into both performance and cost across the globe, regardless of technology stack, region, mode, lane, or carrier.

"We are excited to be working with Trax to combine visibility into the movement of goods with the financial impact of those transportation events," said project44 President Tim Bertrand. "Together with Trax, project44 is focused on providing much needed visibility and actionable insights into the events within the global supply chain. Our solutions, joined together, ensure ease and confidence in smarter decision making, which is now more essential than ever to address mounting supply chain bottlenecks."

“This partnership of Trax and project44 makes me incredibly excited for our global customers,” said Chris Cassidy, Executive Vice President of Sales and Strategic Partnerships, Trax. “The real time problem solving, improved planning, and uniquely robust transportation data and insights now available for our customers will dramatically improve the cost and service effectiveness of their supply chain control tower, leading to increased customer satisfaction and improved operating margins.”

Trax customers, and their $22+ billion in transportation spend under management, achieve greater control and transparency over transportation spend, a growing portion of the cost-to-serve for all global enterprises and LSPs, through a robust software and analytics platform that elevates global freight auditing, cost allocation, logistics data management, payment automation, and supply chain financing. With project44, Trax now offers end-to-end, real-time supply chain visibility, cost optimization, and working capital solutions for shippers, carriers, and 3PL/4PLs within the global multi-modal market, and the company is a trusted partner of many of the world's largest and most sophisticated supply chains.


https://www.traxtech.com/

The Latest

More Stories

AML launches StrikerX mobile computer

AML launches StrikerX mobile computer

Richland Hills, Texas, September 12, 2024. AML, a U.S-based manufacturer of barcode data collection products, announces the launch of its latest Android® product, the StrikerX mobile computer.

StrikerX is the evolution of its predecessor, the Striker, but comes equipped with the most powerful processing architecture available for devices in its class, the Qualcomm® QCS6490 processor running Android 13 at 2.7 GHz. Building on the success of the Striker, the new StrikerX maintains the same lightweight and compact form factor but makes a quantum leap in processing power.

Keep ReadingShow less

Featured

Hamilton Caster Appoints Andrew D. Stamp as Director of Sales

Hamilton Caster Appoints Andrew D. Stamp as Director of Sales

Hamilton Caster & Mfg. Co., a 117-year-old industry leader in heavy-duty industrial casters, proudly announces the enhancement of its legacy Super Endurance Caster (SEC) series, now rebranded as the Spinfinity® Super Endurance Caster (ZFSEC) series. In addition, Hamilton is introducing the all-new Spinfinity® Super Endurance Dual Caster (ZFSEC2) series, both of which feature a new heavy-duty 'V-Style' seal designed to elevate performance in the most demanding environments.
The Spinfinity® Super Endurance Caster (ZFSEC) series replaces Hamilton’s legacy SEC series, setting a new benchmark for kingpinless caster design in extra heavy-duty applications. Central to this upgrade is the heavy-duty 'V-Style' seal, which offers protection against dirt, debris, and moisture. This advanced sealing technology ensures consistent performance and extends the life of the caster, making it the ideal choice for environments where reliability is critical.
"With the introduction of the V-Style seal, the ZFSEC series is engineered to withstand the harshest conditions while providing zero-fix, 100% maintenance-free operation," said Mark Lippert, president of Hamilton Caster. "This enhancement allows our customers to minimize maintenance costs and downtime, further solidifying Hamilton’s reputation for durability and dependability."
The ZFSEC series retains the robust construction that Hamilton is known for, including a swivel top plate and inner raceway made from forged steel, providing superior strength for shock conditions. Sealed precision ball bearings are also now standard in all wheels, contributing to the maintenance-free performance of the series. Notably, the zerk fittings have been eliminated, as the new design makes them unnecessary.
Complementing the ZFSEC series, Hamilton introduces the all-new Spinfinity® Super Endurance Dual Wheel Caster (ZFSEC2) series. This dual wheel series is engineered for extra heavy-duty applications where stability, durability, and maintenance-free operation are paramount. Like its counterpart, the ZFSEC2 series leverages the new 'V-Style' seal, ensuring that each caster is fully protected against contaminants that could compromise performance.
Combined with sealed precision ball wheel bearings, this caster series ensures zero-fix, 100% maintenance-free performance. The dual-wheel configuration enhances stability and allows for a lower overall height, offering a perfect blend of strength and maneuverability.
Casters in both series are finished in a durable HAA polyester platinum powder coat and are available in a wide variety of wheel types, allowing for customization based on application needs. For complete wheel specs and product details check out the Spinfinity® Super Endurance Caster Landing Page and all-new Spinfinity® Super Endurance Dual Caster Landing Page.

https://www.hamiltoncaster.com/Top-Menu/Resources/New-Products/hamilton-enhances-spinfinity-casters-launches-new-dual-wheel-caster-series

New Horizon Releases Innovative Functionality for Optimizing Inbound Logistics Scheduling at DCs

ACTON, Massachusetts – September 3, 2024 – New Horizon Soft, LLC (https://www.newhorizon.ai), a global leader in AI-powered supply chain planning software, announced today the release of a new version of its Buyers Workbench procurement planning software. The latest version includes the ability to optimally schedule inbound deliveries, taking into account distribution center (DC) receiving capacity, thus minimizing receiving bottlenecks and lowering inbound logistics costs. A research paper describing the innovative methodology and its deployment at an iconic $10B+ U.S. quick-service restaurant chain was recently published in the peer-reviewed academic journal, the International Journal of Operations Research and Information Systems.

Supply chain organizations typically plan purchase orders without regard to DC receiving capacity. This leads to bottlenecks on some days and underutilized staff on others. New Horizon’s methodology, called Master Purchasing Receipt Scheduling (MPRS), uses a novel algorithm to automatically and optimally schedule deliveries. The algorithm plans deliveries at the time of purchase order creation and results in a steady volume of deliveries and lower planning and logistics costs. While first deployed at a restaurant chain, the methodology is applicable to any manufacturer, wholesaler, retailer, or foodservice company operating high-velocity DCs.

Keep ReadingShow less
Thinkink Packaging Launches New Line of Custom Frozen Food Boxes to Enhance Product Freshness

Thinkink Packaging Launches New Line of Custom Frozen Food Boxes to Enhance Product Freshness

Pennsylvania, United States – August 2024 – Thinkink Packaging, a leader in innovative packaging solutions, is excited to announce the launch of its new line of Custom Frozen Food Boxes. Designed to meet the growing demand for sustainable and durable packaging in the frozen food industry, these new boxes offer a perfect blend of functionality, quality, and eco-friendliness.

The frozen food market is rapidly expanding, with consumers increasingly seeking convenient, ready-to-eat meals that maintain freshness and quality. Thinkink Packaging’s Custom Frozen Food Boxes are specially engineered to meet these needs, offering superior insulation to preserve product integrity from production to the consumer's freezer.

Keep ReadingShow less
Unlimited Service Group Launches New Repair and Maintenance Management Platform, USG Connect

Unlimited Service Group Launches New Repair and Maintenance Management Platform, USG Connect

ADDISON, Ill.--(BUSINESS WIRE)--Unlimited Service Group, a group of local foodservice equipment repair providers, today announced the launch of USG Connect, an innovative new repair and maintenance management platform designed to streamline and simplify the repair and maintenance of commercial kitchen equipment.

USG Connect provides commercial kitchens with a one-stop solution for hassle-free and scalable equipment service. The exclusive platform offers a user-friendly digital experience that allows restaurants, hospitals, hotels and more, to consolidate and manage their service requests into a single maintenance management system. No matter the size of the organization, USG Connect brings the power of 35+ trusted local service brands with more than 125 locations into a consistent service experience for our customers, ensuring seamless and effective management of all foodservice equipment service requests in one, easy-to-use online platform.

Keep ReadingShow less