Plus: Schneider to soon launch new intermodal service, Home Depot's Q3 earnings, UberFreight + Greenbriar's creative deal, and more.
Plus: We've got a big announcement at the end of this newsletter – you don't want to miss it!
In the latest episode of "The Freight Caviar Podcast", we sit down with Thomas Mella, President at Sightline Freight Partners. He discusses the future of freight tracking, the company’s latest innovation, and market predictions.
"With the acquisition of MercuryGate, Körber Supply Chain Software is poised to offer an unparalleled combination of advanced technology and deep industry expertise."
Körber Supply Chain Software is set to acquire MercuryGate, a leading transportation management system (TMS) provider.
The Big Picture:
• Körber aims to create a unified supply chain execution suite
• MercuryGate brings strong multimodal optimization capabilities
• Deal expected to close soon, pending regulatory approvals
Körber, a joint venture between Körber AG and KKR, is already a heavyweight in supply chain solutions. Now, they're beefing up their logistics muscle even more.
Key Points:
• Expands Körber's capabilities across all supply chain operations
• Improves visibility and optimization from procurement to delivery
• Enhances ability to predict and respond to disruptions
Ed Auriemma, CEO of Körber Supply Chain Software, explains: "With the acquisition of MercuryGate, Körber Supply Chain Software is poised to offer an unparalleled combination of advanced technology and deep industry expertise."
Körber sees TMS, WMS, and OMS as critical enablers to balance resilience and cost-effectiveness in supply chains
Sean Elliott, CTO at Körber Supply Chain Software, shares: "Our customers now tell us that their biggest challenge is to balance these competing goals, ensuring that supply chains are highly resilient while also remaining incredibly cost-effective."
Körber isn't new to the acquisition game. They're using tried-and-true integration methods to keep things running smoothly. FreightCaviar asked Elliott about potential disruptions to business or any major restructuring. He assured:
• Minimal disruption to current operations
• Focus on back-office integration first
• Standalone operation initially to ensure customer service continuity
Good news for MercuryGate employees! Elliott hints at growth opportunities:
• Little to no immediate changes
• Potential for new roles as integration progresses
• Focus on elevating talent within both teams
Sources: Körber Press Release | FreightWaves
With finalization of Coyote acquisition, RXO boosts revenue by nearly $4 billion, unlocking new market opportunities and expanding business growth potential.
Platform Science acquires Trimble's telematics business, promising more apps and better fleet tech, expected to be a historic freight tech deal.
RXO's $500M stock offering powers its acquisition of Coyote Logistics, expected to close by September 20, 2024.
Haney and White acquires B.R. Williams, forming BRW. $100M revenue, 300+ employees, targeting $250M by 2030. Aiming to be major player in Southeast logistics.
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