Logistics software provider E2open, carrying a heavy amount of leverage, had its debt rating affirmed by S&P Global Ratings in a review triggered by its recent acquisition of Logistyx Technologies.
E2open (NYSE: ETWO) became a public company for a second time in early 2021 via CC Neuberger Principal Holdings, a special purpose acquisition company. But though the transaction left it with greater debt, its operations are generating enough cash that S&P, in its review of the company’s debt...
Automation solutions provider Prompt announced Monday that it is extending its dedicated CargoWise software products to become accessible to all transportation management systems.
The company is currently working on integrating itself into technology suites including BluJay Solutions, Magaya and SAP.
“Prompt helps supply chain companies to easily expand the functionality of their TMS without changing or replacing any of their existing software,” said Prompt CEO Robert Petti.
Prompt’s technology...
https://www.freightwaves.com/news/prompt-extends-user-controlled-ai-tools-to-leading-tmses
E2open Parent Holdings Inc. (NYSE:ETWO), a global cloud-based supply chain management platform based in Austin, Texas, announced Thursday it plans to acquire the Holland, Michigan-based logistics execution platform BluJay Solution. The deal could be valued at $1.7 billion, consisting of $760 million in cash and 72.4 million shares, giving BluJay shareholders approximately 22% ownership of the combined company.
BluJay’s current shareholders, Francisco Partners and Temasek, will be able to appoint...
https://www.freightwaves.com/news/e2open-to-acquire-blujay-solutions-deal-valued-at-1-7b
The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, federal regulators have issued a final rule to ease restrictions for drivers seeking to obtain a commercial driver’s license. Plus, Schneider has boosted driver pay again and Navistar reports lower sales and earnings in what is likely its final earnings report as an independent company.
FMCSA issues rule to ease requirements to obtain a CDLFederal regulators issued a final rule Thursday to make it...
https://s29755.pcdn.co/news/the-daily-dash-fmcsa-eases-cdl-restrictions-schneider-boosts-pay
FourKites and BluJay Solutions have renewed their partnership agreement that allows customers to access FourKites visibility data within the BluJay transportation management system.
“FourKites’ objective is to collaborate with BluJay on strategic, innovative opportunities to increase the savings we provide customers through our mutual offering,” said Frank Iannotti, chief revenue officer at FourKites. “Through this renewed partnership, FourKites will be able to align our solutions with machine...
https://www.freightwaves.com/news/fourkites-blujay-solutions-renew-partnership-agreement
Kuebix has opened the door to more capacity options for its shipping partners with a new integration with Convoy. Kuebix will now offer Convoy’s dynamic pricing within its Community Load Match on its transportation management system (TMS).
“Our fast-growing shipping community relies on Kuebix to efficiently find carriers, compare rates and manage their transportation operations,” said Mike Sofer, vice president of business development at Kuebix. “By integrating Convoy’s dynamic pricing into...
https://www.freightwaves.com/news/kuebix-offers-convoy-dynamic-pricing-to-shipper-customers