project44 Buys Last-Mile Delivery and Customer Experience Leader, Convey, in $255M Acquisition

News - Shipping and Freight Resource

project44, the global leader in real-time supply chain visibility, today announced that it has acquired Austin-based Convey, the last-mile technology leader that powers exceptional direct-to-consumer delivery experiences for more than 200 of the world’s largest brands, including The Home Depot, Nieman Marcus, Ferguson, Ingram-Micro, and others.

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Google Cloud’s Supply Chain Twin to be powered by project44

press release shipping and freight resource

Google Selects project44 as First Real-Time Visibility Provider for Google Cloud Supply Chain Twin Solution. This partnership integrates project44 analytics into Google Cloud’s new Supply Chain Twin solution to improve transportation efficiency and inventory management for world’s most progressive supply chains.

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Executive Insights with Jett McCandless on project44’s record growth

Executive Insights - Shipping and Freight Resource

project44 is the world’s leading advanced visibility platform for shippers and logistics service providers. project44 connects, automates and provides visibility into key transportation processes to accelerate insights and shorten the time it takes to turn those insights into actions.

project44 announced record growth in Q2, including enterprise net dollar retention of 129% and 123% year-over-year growth in ARR.

We caught up with Jett McCandless, CEO and Founder of project44, for some Executive Insights and to find out more details on the progress of the company, its strategy and the secret behind its phenomenal growth.

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The impact of congestion and capacity on businesses and what to expect?

Webinar

Port Congestion, equipment and space capacity crunch are impacting businesses with supply chains and consumers heavily impacted..

In a webinar, Rachel Premack, Senior Investigations Reporter at Business Insider, Michael J Gordon, Senior FMC Advisor (retd), and Adam Compain, SVP of Global Growth at project44 discuss how rising freight prices have set off a domino effect, manifesting across supply chains through port congestion, drayage holdups, dropping inventories, inflation and lengthening lead times..

They reference insights from a market survey of over 200 supply chain professionals and talk through a possible timeline to a freight market cool down, when it can potentially happen and the circumstances that will lead us there..

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More ships skip Yantian, as China deals with new Covid issues

News - Shipping and Freight Resource

Blank sailing data tracked at major Shenzhen ports by project44 has shot up, spelling further cost increases and inventory shortages for businesses as they struggle to meet the demands of reopening economies. The Port of Yantian (YICT), a critical connection for factories and retailers across the globe, which handles 13 million TEUs per year, is at the epicenter of China’s latest COVID-19 quarantine efforts.

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project44 consolidates position as market leader in supply chain visibility with acquisition of ClearMetal

Press Release on Shipping and Freight Resource

project44 has announced that it has acquired San Francisco-based ClearMetal, a market leader in international supply chain visibility and predictive analytics for enterprises.

This acquisition places project44 on the cutting edge of logistics AI, enabling customers to improve agility, and resiliency across their global and multi-modal supply chains.

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Blank sailing schedules portend delays well into the summer – project44

News - Shipping and Freight Resource

A project44 analysis of the schedules of various shipping lines indicates that cargo delays could last well into the summer with several blank sailings seen in the schedules.

With maxed-out vessels skipping more ports, project44 is warning shippers to adopt proactive supply chain strategies that anticipate delays.

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project44 Expands Network Coverage in China for Real-Time Transportation Visibility

project44, the global leader in advanced visibility for shippers and logistics service providers will expand its real-time shipment tracking services in China – giving clients the same transportation visibility it … Read more here..

project44 Launches Port Intel, a Free Port Congestion Reporting Service

Press Release on Shipping and Freight Resource

Powered by Real-Time Container and Vessel Data from Ocean Insights, Port Intel™ Identifies Bottlenecks at Key Shipping Ports for Enhanced Agility and Resilience CHICAGO – MARCH 15, 2021 –  On … Read more here..

project44 Acquires Ocean Insights

shipping and freight news - shipping and freight resource

project44®, the global leader in supply chain visibility, today announced it has acquired Ocean Insights, the number one solutions provider for ocean freight intelligence. Terms of the acquisition were not disclosed.

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