Locus Robotics

Rent-a-robot concept delivers affordable automation to warehouse operators

Time was that a commitment to a logistics warehouse robotics system meant significant up-front capital outlays or costly and inflexible multiyear leases. Today, warehouse users can gain the productivity benefits of a robotics solution, whether they be stationary arms for picking and sorting or autonomous mobile robots that meander around a facility, through customized subscription agreements that don’t wreak havoc with users’’ budgets.

Robots as a service (RaaS) isn’t a Johnny-come-lately. Locus...

https://www.freightwaves.com/news/rent-a-robot-concept-delivers-affordable-automation-to-logistics-warehouse-operatorsnbsp

Modern Shipper Top 10: Warehouse automation and fulfillment

Modern Shipper launched in February with a mission of highlighting the ever-growing last mile of the supply chain. Throughout the year, we learned a lot, and our readers helped inform us of plenty more.

Looking back on the year that was, there were plenty of stories that resonated with our readers — from drones to automation, from gig workers to last-mile delivery providers. Of course, we can’t forget e-commerce, which is rapidly changing the supply chain and everything and everybody that...

https://www.freightwaves.com/news/modern-shipper-top-10-warehouse-automation-and-fulfillment

American Eagle bolsters supply chain resiliency plan with Quiet acquisition

In an effort to gain more control over its supply chain, American Eagle Outfitters (AEO) announced Tuesday it had acquired one of its logistics partners, Quiet Logistics, for $350 million in cash.

Known for its 2015 spun-off company Locus Robotics, Quiet Logistics uses its large network of technology-driven fulfillment centers in Boston, Chicago, Los Angeles, Dallas, St. Louis and Jacksonville, Florida, to innovate more than 50 large direct-to-consumer brands by bringing their fulfillment...

https://www.freightwaves.com/news/american-eagle-bolsters-supply-chain-resiliency-plan-with-quiet-acquisition

Locus Robotics expands warehouse offerings with acquisition of Waypoint Robotics

Locus Robotics acquires Waypoint Robotics

Fresh off another $50 million investment in the company, Locus Robotics on Monday morning announced the acquisition of Waypoint Robotics.

Nashua, New Hampshire-based Waypoint manufactures omnidirectional autonomous mobile robots for material transport. Its flagship products are the Vector and MAV3K, industrial-strength flexible mobile robot platforms that feature omnidirectional mobility and can be fitted with a wide variety of modules and attachments. The robots are interoperable with other...

https://www.freightwaves.com/news/locus-robotics-expands-warehouse-offerings-with-acquisition-of-waypoint-robotics

Big game hunting: Locus Robotics bags $50M from Tiger Global

Locus Robotics announced Tuesday morning it has secured $50 million in additional funding from existing investor Tiger Global Management.

The funding follows a $150 million Series E round in February, led by Tiger Global Management and IT investment firm Bond. The new investment increases the total funding for Wilmington, Massachusetts-based Locus Robotics to $310 million.

More than 1 million warehouse robots will be installed worldwide over the next four years, with the number of warehouses...

https://www.freightwaves.com/news/big-game-hunting-locus-robotics-bags-50m-from-tiger-global

STORD rethinks the warehouse with Atlanta innovation hub

STORD is opening an innovation warehouse in Atlanta

When it comes to warehouse innovation, automation is the hot trend. But what other technologies — or design — could increase accuracy, speed and throughput? The answer is, no one really knows, but cloud supply chain technology company STORD intends to find out.

The Atlanta-based company announced on Wednesday morning a state-of-the-art fulfillment and innovation hub in Atlanta. The 386,000-square-foot facility will include robotics and automation tools serving customers, but it will also feature...

https://www.freightwaves.com/news/stord-rethinks-the-warehouse-with-atlanta-innovation-hub

Locus Robotics swarms DHL — At Your Doorstep

When people hear the words “automation” or “robotic integration” the first thought is a workplace that is all robots, no people. However, one company is turning that idea on its head by bringing collaborative robotics to warehouse floors. 

Rick Faulk, CEO of Locus Robotics, joins Kaylee Nix on this episode of At Your Doorstep to talk about how Locus is working to make warehouse practices more efficient and safer with robotic technologies while preserving the existing workforce and workplace...

https://www.freightwaves.com/news/locus-robotics-swarms-dhl-at-your-doorstep

DHL extends warehouse automation partnership with Locus Robotics

DHL Supply Chain, a leader in contract logistics within Deutsche Post DHL Group, announced on Wednesday a framework agreement with Locus Robotics to continue expanding its automation collaboration that began in 2017 as an important piece to DHL’s Accelerated Digitalization Strategy.

Within this extended agreement, DHL plans to add 2,000 robots by 2022, making it Locus Robotics’ largest customer. DHL already has more than 500 assisted picking robots in use today and plans to add 500 more to more...

https://www.freightwaves.com/news/dhl-extends-warehouse-automation-partnership-with-locus-robotics

Humans, robots and warehouses: Maximizing productivity, lowering costs

According to Rick Faulk, CEO of warehouse robotics firm Locus Robotics, there is about 20 billion square feet of warehouse space around the world. An additional 3 billion square feet will be built in the next few years. And yet, 95% of that space is completely unautomated.

Warehouse automation has rapidly accelerated in recent years, and the COVID-19 pandemic has quickened that pace, but there is a lot of room to grow, and plenty of automation solutions still to be developed.

“It all has to be...

https://s29755.pcdn.co/news/humans-robots-and-warehouses-maximizing-productivity-lowering-costs

The Daily Dash: Weather to impact Werner earnings; J.B. Hunt, Google join forces

The Daily Dash is a quick look at what is happening in the freight ecosystem. In today’s edition, Werner executives said that weather will lead to lower Q1 earnings. Plus, J.B. Hunt and Google are teaming up for product development, and Walmart will invest billions to expand e-commerce.

Weather to take bite out of Werner’s earnings

Appearing at an investor conference, Werner Enterprises (NASDAQ: WERN) executives said the negative impacts from recent winter storms would result in a 3- to 4-cent...

https://s29755.pcdn.co/news/the-daily-dash-weather-to-impact-werner-earnings-j-b-hunt-google-join-forces

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