Daily Digital Magazine: Pg. 2 — December 4, 2018

project44 acquires visibility provider GateHouse Logistics

The combined product offering will become “the first truly global visibility platform” and the largest across North America and Europe, according to the companies.

   Supply chain software firm project44 has acquired GateHouse Logistics, a Norresundby, Denmark-based freight transportation visibility provider, the companies announced in a joint statement Tuesday morning.
   The financial terms of the deal were not disclosed, but according to project44, the acquisition will create “the first truly global visibility platform” and the largest platform across North America and Europe, with connections to 175,000 capacity providers and more than 550 telematics data providers and integrations with all major transportation management systems (TMS), such as SAP, Oracle and JDA, as well as accelerate the development of future visibility offerings.

project44 acquires visibility provider GateHouse Logistics

The combined product offering will become “the first truly global visibility platform” and the largest across North America and Europe, according to the companies.

project44 acquires visibility provider GateHouse Logistics

The combined product offering will become “the first truly global visibility platform” and the largest across North America and Europe, according to the companies.

 
Continued from previous page
   Supply chain software firm project44 has acquired GateHouse Logistics, a Norresundby, Denmark-based freight transportation visibility provider, the companies announced in a joint statement Tuesday morning.
   The financial terms of the deal were not disclosed, but according to project44, the acquisition will create “the first truly global visibility platform” and the largest platform across North America and Europe, with connections to 175,000 capacity providers and more than 550 telematics data providers and integrations with all major transportation management systems (TMS), such as SAP, Oracle and JDA, as well as accelerate the development of future visibility offerings.
   Company officials said the merged product offering will be designed to meet the needs of a wide range of cargo owners, from manufacturers and retailers to end consumers, looking for a “single view” into their entire supply chain operations to increase transparency, predictability and efficiency. In order to ensure a smooth integration, project44 immediately will make all GateHouse Logistics solutions available in its Advanced Visibility Platform and current GateHouse Logistics offerings will continue to be supported during the transition.
   “Many global businesses — from retailers to manufacturers — are looking for ways to digitally transform their supply chains and create new business value,” Jett McCandless, CEO and founder of project44, said of the purchase. “We partnered with GateHouse Logistics earlier this year because they offer the largest European capacity provider network, share our commitment to high-fidelity data and have a ‘customer first’ mentality. By bringing our companies together permanently, we have created the first-ever single-pane view into all our customers’ global shipments — an unmatched value.”
   Under the acquisition agreement, all GateHouse Logistics employees will be retained as employees of project44, and former GateHouse Logistics CEO Jesper Bennike has been named executive vice president of business development of project44.
   “Our mission is perfectly aligned with project44,” said Bennike. “By coming together to create the largest visibility platform across North America and Europe, our customers will be able to capture the deep business value that a single global provider can enable, while gaining access to the high-fidelity data analytics, automation and predictability of the project44 Advanced Visibility Platform.”
Normally, the fourth quarter is a peak season for air cargo. So, essentially flat growth in November is a big disappointment. While our outlook is for 3.7 percent demand growth in 2019, downside risks are mounting. Trade tensions are cause for great concern. We need governments to focus on enabling growth through trade, not barricading their borders through punitive tariffs.
CSX, the first of seven Class I railways to report its 2018 financial results, posted revenues of $12.25 billion for the year, up 8 percent from 2017.
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