Blume Global

FreightTech Friday: Gartner critiques real-time-visibility market players

Technology research and consulting firm Gartner recently released its Real Time Transportation Visibility Platform (RTTVP) report, highlighting the space’s top performers while suggesting areas for improvement.

The company describes RTTVPs as platforms engineered to offer real-time tracking and status updates on orders after they leave the warehouse, using integration with carrier systems or telematics for data gathering. The report assesses various levels of complexity in RTTVP implementation,...

https://www.freightwaves.com/news/freighttech-friday-gartner-critiques-real-time-visibility-market-players

WiseTech acquires Blume Global

WiseTech Global, an Australia-based developer of the logistics execution software CargoWise, has acquired privately held Blume Global, a solution provider for North American intermodal rail in North America, for US$414 million.

U.S.-based Blume is being acquired from funds managed by Apollo, EQT and other minority shareholders. The deal was announced earlier this week.

Blume manages intermodal containers and chassis on behalf of six of the seven Class 1 U.S. railroads, ocean carriers and other...

https://www.freightwaves.com/news/wisetech-acquires-blume-global

WiseTech Global continues its acquisition strategy with Blume takeover

WiseTech Global, the creator of the logistics execution software CargoWise, has announced the acquisition of Blume Global, a provider of intermodal rail solutions in North America.

WiseTech Global bought US-based Blume for US$414 million from funds managed by Apollo, EQT and other minority shareholders

According to the statement, Blume is a high-growth recurring revenue company that is predicted to produce revenues of US$65-US$70 million in FY24, indicating yearly growth of 45% to 55%. Blume also...

https://container-news.com/wisetech-global-continues-its-acquisition-strategy-with-blume-global-takeover/

Blume Global acquires procurement tech company LiveSource

Cloud-based logistics company Blume Global announced Tuesday it has acquired supplier sourcing and procurement technology company LiveSource for an undisclosed amount.

Blume Global CEO Previnder Johar, who formerly served on the LiveSource board of directors, plans to leverage the company’s database of logistics providers servicing manufacturing facilities in North America, Europe and Asia in order to improve Blume’s existing suite of solutions.

“Blume is focused on supply chain orchestration....

https://www.freightwaves.com/news/blume-global-acquires-procurement-tech-company-livesource

DSC demos: Ryder, Blume Global display FreightTech

Ryder and Blume Global demo their FreightTech during FreightWaves' Domestic Supply Chain Summit.

FreightTech companies demonstrated their innovative technology solutions for fleets during FreightWaves’ Domestic Supply Chain Summit on Wednesday.

Ryder

Ryder’s Rydershare platform works to eliminate data silos and provides real-time visibility along every step of the supply chain. The customer-centric approach provides supply chain visibility, collaboration and corrections when necessary.

View where shipments are, why they may be delayed and the new estimated time of arrival.

Check out the demo...

https://www.freightwaves.com/news/dsc-demos-ryder-blume-global-display-freighttech

TCA, Blume Global to present webinar on port congestion

The Truckload Carriers Association and Blume Global will host a complimentary webinar focused on the current situation in the freight and port sectors of the supply chain.

“International Freight & Port Congestion: The Impact on Domestic Freight,” will take place at 1 p.m. ET Nov. 9.

Blume Global’s Glenn Jones, global vice president of product strategy and marketing, will be joined for the discussion by David Arsenault, president of GSC Logistics.

The pair will discuss the trucking impact of...

https://www.freightwaves.com/news/tca-blume-global-to-present-webinar-on-port-congestion

Blume Global lands $500M valuation with Bridgepoint deal

Cloud-based logistics company Blume Global announced Wednesday it has raised new equity from Bridgepoint Group to continue its work to digitize customers’ supply chains, driving down waste and inefficiencies through automation and visibility applications.

While Blume Global did not disclose the amount of capital it received from Bridgepoint, which joins existing equity investors Apollo Global Management (NYSE:APO) and EQT, it did reveal the transaction now takes the value of the company to $500...

https://www.freightwaves.com/news/blume-global-lands-500m-valuation-with-bridgepoint-deal

White Paper: Net-Zero Carbon is More Than a Cause

More than 7% of global greenhouse gas emissions come from the freight industry — an industry whose overwhelming reliance on fossil fuels makes its progress toward net-zero emissions a heightened priority for transportation companies and regulatory bodies. Because environmentally sustainable options haven’t been readily available and industry buy-in is still fragmented, the path forward is murky.

To understand the freight industry’s current sentiment, practices and strategic plans around...

https://www.freightwaves.com/news/white-paper-net-zero-carbon-is-more-than-a-cause

How Blume Global reached net-zero emissions

Blume Global announced it is carbon neutral.

As companies face increasing pressure from customers and investors to decarbonize and pursue greener operations, cloud-based logistics company Blume Global joined industry leaders by announcing it is carbon neutral on Monday.

In addition to implementing emission-reduction strategies, Blume Global is purchasing carbon credits to offset the 1,805 tons of CO2 it emitted in 2020, which is the amount of CO2 that 393 passenger vehicles emit in a year.

The focus of Blume Global since its launch has been...

https://www.freightwaves.com/news/how-blume-global-reached-net-zero-emissions

Environmental news you missed on Earth Day

Earth Day news you missed Thursday.

Earth Day — a day when consumers, investors, companies and governments recognize the importance of a healthy environment — will naturally lead more companies to share sustainability goals.

From sustainability survey results to greener buildings and improved environmental biodiversity, here are some of the sustainability-related announcements made on Earth Day.

Greener operations and buildings

Logistics and supply chain solutions provider Blume Global announced a carbon-neutral goal, which a Blume...

https://s29755.pcdn.co/news/environmental-news-you-missed-on-earth-day

+ More