In the latest episode of "The Freight Caviar Podcast", we sit down with Cameron Ramsdell, the CEO of Armstrong Transport Group. He discusses strategies for protecting your business against fraud and how he grew Armstrong by 60% in one year.
Plus: Trump eyes Panama Canal takeback, US imports surge 12.3% YoY, Hyzon plans liquidation, and more.
Plus: Universal bought Parsec amid layoffs, CA ports reported a record-breaking year, FedEx split off its LTL division, and more.
Platform Science acquires Trimble's telematics business, promising more apps and better fleet tech, expected to be a historic freight tech deal.
Big news in freight tech. Platform Science is buying Trimble's global transportation telematics units. This deal is set to have a significant impact on the industry.
Platform Science may become the most successful freight tech firm to come out of the VC era… pic.twitter.com/vFLTKugPgN
— Craig Fuller 🛩🚛🚂⚓️ (@FreightAlley) September 15, 2024
"This deal will result in significant synergies," says Rob Painter, Trimble's CEO. Translation? Expect cost savings and new opportunities.
This merger brings together two leading in-cab ecosystems to provide truckers and fleets with greater options.
The primary objective of this transaction is to enhance driver experience, fleet safety, operational efficiency, and regulatory compliance. By integrating these two advanced commercial vehicle platforms, customers will gain access to Trimble's Platform Science's Virtual Vehicle Marketplace. That means hundreds of new apps and a broader range of applications and services at their fingertips.
CEO Jack Kennedy calls it an "inflection point for a true platform approach." He's betting on choice driving innovation.
For now, watch out for the regulatory approvals. If all goes well, we'll see a new powerhouse in transport tech by mid-2025.
This merger could set new standards for in-cab technology. The excitement is certainly brewing:
This is smart on several levels...
— Santosh Sankar ⚡ (@santoshsankar) September 15, 2024
I have to imagine Platform Science has an ambition to go public and this brings scale, market leadership, and potentially accelerates profitability
Trimble is able to retain upside but also be an anchor in the scenario of a float that allows… https://t.co/5DY8XPz3zt
Source: Trimble
With finalization of Coyote acquisition, RXO boosts revenue by nearly $4 billion, unlocking new market opportunities and expanding business growth potential.
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.
"With the acquisition of MercuryGate, Körber Supply Chain Software is poised to offer an unparalleled combination of advanced technology and deep industry expertise."
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