Category Archives: Tms

Overview

Managing freight spend is crucial in todays volatile and COVID-constrained market. Freight spend covers the gamut from route optimization, rate negotiation, warehouse distribution, carrier, and vendor management, to tariffs and regulatory compliance. By evaluating these factors, shippers can gain insight into their freight operations, allowing them to establish accurate baselines, identify hidden costs, and spot areas where transportation spend could be reduced.

As freight transportation continues to change, service providers are using technology to improve and meet the dynamics of the supply chain. Thethree traditional methodsof freight transportation are the use of a transportation management system (TMS), transportation execution system (TES), and managed transportation services (MTS). Ultimately, it comes down to whether shippers want to manage their freight spend in-house or outsource it.

The most common application for in-house management is a TMS. A TMS offers optimization capabilities across multiple modes to improve service levels and reduce freight spend. The alternatives to TMS include TES and MTS. TES solutions are mode specific and lack optimization capabilities, but for shippers with simpler transportation requirements, it is often all they need.

Large shippers with complex needs may turn to managed transportation services providers to plan and execute their loads. These MTS providers may use an in-house developed TMS. Or, if they use an off-the-shelf TMS, they may get a volume discount. In some instances, they may not use a TMS at all in managed trans deals, although these providers lack a significant presence in the market.

For each of these options, software and service providers need to set a clear path for success. Below are some transportation strategies for success for suppliers of TMS, TES, and MTS.

Software-as-a-service (SaaS) solutions are becoming the norm in the industry, and this does not apply only to smaller companies that are targeting Tier 2 and Tier 3 customers.A robust SaaS solution offers the same features and functionality as an on-premise solution and can be deployed quickly and cost-efficiently. This is especially true during the pandemic when more employees are continuing to work remotely.This includes job functions that have historically been performed on premise; a SaaS solution enables rapid updates to be pushed out to all employees without the need for time-consuming upgrades and configurations.

The last mile is the most difficult and most expensive part of the supply chain journey. The growth of e-commerce and omni-channel should represent an opportunity for TMS suppliers. Currently, it does for only a few providers of fleet management. There are several reasons for this:

The pandemic has changed the outlook for direct-to-consumer commerce, and a TMS is now a critical component of this strategy.There is still room to compete in the last mile, but suppliers need to think creatively to capitalize on this opportunity.

For TES providers, the growth of e-commerce is only going to make the last mile more important. Better ETA and better visibility into when orders will arrive are a requirement.

Real-time visibility solutions are more important than ever.Electronic data interchange (EDI) solutions have proven deficient in providing robust visibility. TMS suppliers need to partner with transportation visibility companies or build their own solution.

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Keywords: Freight Spend, Transportation Strategies, TMS, TES, MTS, Pandemic, ARC Advisory Group.

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Transportation Strategies to Optimize Freight Spend | ARC Advisory - ARC Advisory Group

Reese Witherspoon and Jennifer Aniston in The Morning Show

Apple TV Plus The Morning Show, an ostensible prestige drama, has always been out of step with reality. The debut season struggled with its sprawling narrative about the #MeToo movement before finding its footing in the second half. The sophomore run, however, goes off the rails almost immediately, as the show opts to depict the pandemic through the lens of its characters unrelenting self-interest.

TMS bumpy execution doesnt reflect the seriousness with which the show and and its protagonists hold themselves. This ongoing vanity problem is best embodied by morning news anchor Alex Levy (Jennifer Aniston). She contracts the COVID-19 virus in the unhinged season-two finale, titled Fever (released on November 19). As she deals with physical and emotional distress, Alex is wooed by the networks newly launched, but already failing streaming service to appear in a special about how shes coping with the diagnosis. And how is she coping? In her lavish and spacious skyscraper apartment, of course.

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The writing is so tactless that Alex is touted as a relatable everywoman, the kind who can guide viewers coming to terms with a global lockdown, by her producer Chip Black (Mark Duplass). Yes, lets trust the judgment of a man whos just lied about testing positive to be in the same room as Alex when she goes live.

Mark Duplass and Jennifer Aniston in The Morning Show

Alexs million-dollar salary and easy access to healthcare make her the polar opposite of the general public, who dont have the same resources to fight a deadly disease. Of course, Alex and everyone in her orbit refuse to acknowledge that. To make matters worse, her streaming debut turns into an angry rant as she lectures viewers who may want to cancel her, assuming that takes precedence for the American people instead of worrying about job losses, medical costs, and you know, general survival during a pandemic. Alexs self-centeredness would be comical if it were at all self-aware and not just appalling.

Story continues

Season one was uneven but compelling, leading up to a finale in which Alex and new on-air partner Bradley Jackson (Reese Witherspoon) expose their network for being complicit in covering up the crimes of Mitch Kessler (Steve Carell), Alexs former co-host who sexually assaulted several women during his tenure on their show. Yet season two blatantly backtracks on this seemingly progressive story by focusing on Mitch striving to be a good person while quarantining in an opulent Italian villa. Who thought we needed a redemption arc for this Matt Lauer-inspired character?

Throughout season two, Alex is hailed as a feminist hero, but TMS undermines this development as she mourns her doomed relationship with Mitch. She spends much of season two worried the public will turn against her upon learning of an upcoming book that reveals her consensual affair with Mitch. She even travels all the way to Italy in episode seven, La Amara Vita, to make sure he signs a letter falsely claiming the two never had sex, though its hard to believe anyone would take his word. But later in the episode, Alex and Mitch get emotional reminiscing about their bond. She then goes on to defend his character after his death. Her inconsistent arc is the show torpedoing whatever commentary it tried to deliver in its first season.

TMS never painted Alex as a saint; shes always been a complex woman with her own demons. But the writing for her this time around is shockingly stupid, and involves her saying the word cancel multiple times per episode. Turn it into a drinking game, maybe itll make the show bearable.

Steve Carell and Jennifer Aniston in The Morning Show

Alexs vanity is endemic to the broader show; almost every other character treads down an equally pompous path. Network CEO Cory Ellison (Billy Crudup, delivering the only worthwhile performance) believes he is in a battle for the soul of the universe, when all hes doing is running a greedy corporation. By the end of Fever, hes tangled up in a mucky love triangle with Bradley, whom he purposely outed to the tabloids a few episodes earlier, and her girlfriend, Laura Peterson (Julianna Margulies). Chip has obviously lost his mind as he voluntarily puts himself in danger by lying to Alex about getting COVID just to be close to her and further prop up her ego.

TV shows about rich and egotistical characters who believe theyre the center of the universe can be entertaining and damning: Succession, Veep, and Arrested Development are prime examples. Unfortunately for TMS, the writers and performers havent figured out if the show is a weighty drama about the industry its depicting or a satirical takedown. By aimlessly wavering between both, the Apple TV+ series has become an unenjoyable farce.

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What went wrong with The Morning Shows second season? - Yahoo Entertainment

(Eds: Disclaimer: The following press release comes to you under an arrangement with Business Wire India. PTI takes no editorial responsibility for the same.)AI/ML powered Networked TMS platform to drive significant value in augmenting growth

Chennai, Tamil Nadu, Ahmedabad, Gujarat, India Business Wire India

Zydus Wellness, one of the largest consumer goods companies with power brands like Complan, Sugar Free, Glucon-D, Nycil, Nutralite, Sugarlite, Everyuth, etc has chosen Pandos 10xTMS, a leading Networked-TMS Platform to accelerate the digital transformation of their supply chain and logistics operations.

Zydus foresees a multi-fold growth by penetrating deeper markets within India and digitalizing their supply chain and logistics operations becomes vital to translate this vision. Trusted by more than 50 million consumers, Zydus has a complex network of 5 manufacturing facilities across 4 states, 24 distribution centers with Ambient and Cold-Chain Warehouses, 1700+ Distributors, 2000+ feet on ground to augment their consumer outreach and fulfill the demand potential.

Zydus is embarking on the digitalization of their supply chain and logistics operations with Pando to help optimize and scale effectively. Pando Networked TMS Platform will enable and drive:

Significant reduction in freight spends through optimal dispatch planning, powered by AI and ML. 100% visibility of shipments across the network with all stakeholders (CFAs, distributors and transporters) on a unified platform. Seamless Freight Audit, Reconciliation, and Payment Process with complete digitalization of invoicing across the network, translating to 100% audit compliance. Deep Analytics and Automatic Workflows enabling proactive data-driven decisions to overcome any supply chain disruptions.

Tarun Arora, CEO - Zydus Wellness said, There is huge growth potential in the health and wellness segment as consumers want to be healthy and are looking for nutrition in the products, they consume every day. We realize that a robust supply chain and logistics operations powered by a scalable and intelligent Networked TMS platform is essential for us to fulfill our demand potential. We chose to partner with Pando because of the product - a world-class modern TMS which helps to unify our network stakeholders on a single platform, the people - a mission driven team of supply chain experts, and the best practices they bring, from their work across other customers.

Parvesh Ghai, APAC CRO, Pando said, Tarun is building a phenomenal, digital culture at Zydus. We are excited to partner with Zydus, with Tarun, Manoj, and their teams to help them realize significant value as they embark upon the digital transformation across their supply chain network. Our continuous focus on innovation across our product capabilities and our commitment to customer success is helping us address complex supply chain and logistics challenges as we scale globally.

About Zydus Wellness

Zydus Wellness is a major player in the CPG space, operating with 7+ brands in the Health, Wellness, Skin and Beauty segments. The company has created new categories and occupies leadership positions within these categories. Zydus Wellness in its 30 plus years of its existence has exceeded consumer expectations by building innovation, embracing changing consumer behavior, being purposeful in thought and action towards its stakeholders across various geographies.

In addition to its existing brands like Sugarfree, Everyuth, and Nutralite and its acquisition on Heinz India portfolio of brands like Complan, Nycil, and Glucon-D. The expanded product portfolio is already established and occupies leadership position in sugar substitutes, peel-off, scrubs, table spreads, health drink segments. Touching consumer lives every day, Zydus brands make a positive impact on consumers.

About Pando

Pando is a global leader in supply chain technology, building the worlds fastest, and highest ROI-driven networked-Transport Management System (TMS). Pando is the TMS of choice for Fortune 500 manufacturers, retailers, and logistics companies globally, with presence across Southeast Asia, Middle East and North America. Pandos network-powered SaaS platform for supply chain execution helps enterprises digitalize, automate, and scale their logistics operations across all modes and legs of movement. Global manufacturers use Pandos platform for end-to-end supply chain visibility, network-intelligent dispatch planning and optimization, freight audit and payment, predictive analytics, and running a central control tower for logistics. Pandos customers who are global manufacturers vouch for Pandos quick time to value, quantifiable ROI, and ability to easily integrate with both enterprise technology systems and carrier technology systems. If you are evaluating digital transformation of your logistics operations, reach out to Pando at http://www.pando.ai or drop us a mail to hi@pando.ai To View the Image, Click on the Link Below:

Leadership team from Zydus Wellness and Pando in Ahmedabad. L-R: Manish Joshi, Umesh Parikh, Manoj Kothari, Tarun Arora, Parvesh Ghai (Pando), Anuj Garg, Badri Setlur (Pando)

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Zydus Wellness Chooses Pando to Accelerate Digital Transformation of Their Supply Chain and Logistics Operations - THE WEEK

MALVERN, Pa., Nov. 22, 2021 (GLOBE NEWSWIRE) -- Neuronetics, Inc. (NASDAQ:STIM), a commercial stage medical technology company focused on designing, developing and marketing products that improve the quality of life for patients who suffer from neurohealth disorders, today announced that Keith Sullivan, President and Chief Executive Officer, and Steve Furlong, Senior Vice President, Chief Financial Officer, and Treasurer, will participate in a fireside chat at the Piper Sandler 33rd Annual Virtual Healthcare Conference.

A recording of the fireside chat is available on the investor relations page of the Company's website atir.neuronetics.com.

AboutNeuroneticsNeuronetics, Inc. believes that mental health is as important as physical health. As a global leader in neuroscience and the largest TMS company in the industry, Neuronetics is redefining patient and physician expectations by designing and developing products that improve the quality of life for people suffering from neurohealth conditions. An FDA-cleared, non-drug, noninvasive treatment for people with depression, Neuronetics' NeuroStar Advanced Therapy system is today's leading transcranial magnetic stimulation (TMS) treatment for major depressive disorder in adults with over four million treatments delivered. NeuroStar is widely researched and backed by the largest clinical data set of any TMS system for depression, including the world's largest depression Outcomes Registry. Neuronetics is committed to transforming lives by offering an exceptional treatment option that produces extraordinary results. For safety information and indications for use, visit NeuroStar.com.

Investor Contact:Mike Vallie or Mark KlausnerICR Westwicke443-213-0499ir@neuronetics.com

Media Contact:EvolveMKD646-517-4220NeuroStar@evolvemkd.com

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Neuronetics to Participate at the Piper Sandler 33rd Annual Virtual Healthcare Conference - Benzinga - Benzinga

The UN COP26 climate summit in Glasgow has come to a close and it has been declared a success from the Indian perspective. India got its way through a last-minute change in wording about coal, but has been accused of weakening efforts to end coal power. Is the criticism towards India warranted?

During the pandemic last year, when the lockdown was clamped and movement restricted, small business owners were looking for ways to stay afloat. And so were microfinance institutions which lend money to them. With a sharp dip in lending and a rise in the number of small units defaulting on payments, the microfinance sector had to weather a storm. As economic activities are gathering momentum again, how is the microfinance sector is faring now?

The long queues of vehicles dotting the highways at toll plazas have now vanished. And so are the travails of buying a pass at every booth. Vehicles now zip past the boom barriers as the hassle of purchasing tokens has now given way to smooth ride. Thanks to the FASTag technology. A small sticker glued on the vehicles windshield has changed the way we travelled on national highways. In October this year, the toll tax collection through the newly-introduced FASTag technology hit an all-time high of Rs 3,356 crore. So, what exactly is FASTag and how does it work?

Listen to these and more in todays Business Standard Morning Show podcast.

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TMS, Ep 43: India at COP26, way ahead for MFIs, EMs in 2022, and FASTagss - Business Standard

Walmart has used TMS to both save money and reduce carbon emissions

Last year, Rebecca Hendersons, Reimagining Capitalism in a World on Fire, was on the short list for Financial Times and McKinsey Business Book of the Year Award. The premise of the book by this Harvard business professor is that capitalism is making our society increasing unstable as the middle classs income is being reduced while the wealthy are becoming ever richer. More ominously, humanity is on a path toward destroying the planet. To solve these problems, she argues, business needs to play a proactive role.

One of the companies she holds up as a positive example of a big company addressing environmental, social, and governance (ESG) issues is Walmart. That is probably surprising to a lot of people. A few years ago, for example, my oldest child explained to me that Walmart was a malignant force. I, on the other hand, touted their ESG performance.

Walmart has been on an ESG journey since 2005. But then, according to the book, something unexpected happened. Walmart found that saving energy was making the company a great deal of money.

That is not surprising to me. Ive long argued that implementing a transportation management system (TMS) is a great way to save money while going green. Walmart has used a variety of different TMS solutions over the years. At Retail Industry Leaders Associations (RILA) conference in 2020, a Walmart executive talked about how they were now standardizing on a TMS solution from Blue Yonder. At Blue Yonders virtual forum this April, the senior vice president of supply chain, spoke of how Walmart was using a variety of supply chain solutions from Blue Yonder. At this conference, the executive also spoke about ongoing efforts to improve their transportation capabilities.

But while I have made the argument that implementing TMS was a no-brainer saving money and reducing emissions the author was able to quantify the savings! By 2017, Walmart had met its goal of doubling the transportations fleets efficiency. This led to savings of more than a billion dollars a year in transportation costs. That was around four percent of their net income in that year! The authors calculations were that the retail behemoth received at least a 13 percent rate of return on capital at a time when many retail companies scramble to make 5 or 6 percent.

Ms. Henderson sums up the Walmart case study by saying, Walmarts breakthrough came from focusing on the everyday operational details of the business from a profoundly different perspective.

The journey toward saving money while reducing emissions from transportation is, however, getting more difficult for retailers. The convenience of ecommerce can lead consumers to order just one or two items for delivery to their home, instead of saving fuel by going to the store and filling a cart. This is the next transportation obstacle that Walmart, and other retailers, need to hurdle.

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Walmart in a World on Fire - Logistics Viewpoints - Logistics Viewpoints

The persuasive North America Terminal Management System (TMS) Market research report is a proven and consistent source of information which gives telescopic view of the existing market trends, emerging products, situations and opportunities that drives business towards the success. This industry report also provides company profiles and contact information of the key market players in the key manufacturers section. The industry analysis report serves the clients to tackle every strategic aspect including product development, product specification, exploring niche growth opportunities, application modelling, and new geographical markets. The top notch North America Terminal Management System (TMS) market report is organized by collecting market research data from different corners of the sphere with an experienced team of language resources.

Accurate intelligence can be obtained with the SWOT analysis given in the first class North America Terminal Management System (TMS) market report that guide businesses identify opportunities as well as both internal and external influences. With an excellent secondary research expertise and the ability to find correct information sources, such as local government websites and publications, the report has been produced. The personalized research process is designed to create North America Terminal Management System (TMS) report according to the customers goals, establishing research parameters prior to beginning data collection to ensure that the team gathers only pertinent data, keeping costs aligned with the businesss budget.

Get Sample Copy of the Report to understand the structure of the complete report (Including Full TOC, Table & Figures) @https://www.databridgemarketresearch.com/request-a-sample/?dbmr=north-america-terminal-management-system-tms-market

Terminal management system (TMS) is use to manage the products distribution including gas, chemicals, oil, alcohols and renewable fuels. The operational terminal management system includes some activities such as terminal automation for process controls and business administration which helps to smoothen the enterprise activities. This system offers detection, control and management of the whole product handling process including from receiving material to storage and distribution. The data integration solution consists of auto control and business management activities which help to decrease overall procedure cost and ultimately enhance efficiency, productivity and safety. Now-a-days, operators are looking for centralized and integrated terminal management solutions which can able to control various sites. The mobility, cloud, industrial internet of things (IoT), cyber security, safety and analytics becomes necessary for customers.

North America terminal management system (TMS) market is projected to register a substantial CAGR in the forecast period of 2019 to 2026.

Segmentation:North America Terminal Management System (TMS) Market

North America terminal management system (TMS) market is segmented into four notable segments which are offering, project, application and vertical.

Leading Key Players Operating in the North America Terminal Management System (TMS) Market Includes:

Some of the major players operating in the North America terminal management system (TMS) market are ABB, Honeywell International, Inc, Rockwell Automation, Inc., Yokogawa Electric Corporation, Siemens, ION, Agidens International NV, akquinet AG, Dearman Systems, Inc., EDS Systems O, Emerson Electric Co., Endress+Hauser Management AG, General Atomics, Implico, Larsen & Toubro Infotech Limited, Oceaneering International, Inc., Offspring International Limited, PumpingSol, Ramboll Group A/S, Schneider Electric, SGS SA, i.Dohmann GmbH among others.

Complete Report Details with Facts and Figures along respective Images and Graphs (TOC) @https://www.databridgemarketresearch.com/toc/?dbmr=north-america-terminal-management-system-tms-market

Aims of the North America Terminal Management System (TMS) study:

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North America Terminal Management System (TMS) Market 2021 Key Development To Be Observed Industry States And Outlook Across By 2028 Energy Siren -...

TORONTO--(BUSINESS WIRE)--Greenbrook TMS Inc. (TSX: GTMS, NASDAQ: GBNH) (Greenbrook or the Company), today announced its third quarter 2021 (Q3 2021) operational and financial results. All values in this news release are in United States dollars, unless otherwise stated.

THIRD QUARTER 2021 OPERATIONAL AND FINANCIAL HIGHLIGHTS

Bill Leonard, President and Chief Executive Officer of Greenbrook commented:

Q3 2021 presented specific challenges early in the quarter, with patients delaying treatment during the first open summer season since the onset of COVID-19 and a surge in the delta variant in late summer. Despite these challenges, we saw continued growth in both consolidated revenue and patient treatments in the quarter as compared to Q3 2020 as well as a strong bounce back in patient volumes in October 2021, tracking toward the record volumes that we experienced last quarter. We are also very excited about the acquisition of Achieve TMS East and Central as a foundation for future growth in New England and the central United States, and the promising prospects of the continued roll-out of our Spravato program to more of our active TMS Centers which we believe will enhance profit margins by optimizing the utilization of our current TMS Centers. These moves build on our long-term strategy of utilizing our growing network of TMS Centers and affiliated physicians as a services platform to deliver innovative treatments to patients suffering from mental health disorders. We believe that our business fundamentals remain sound, and we are positioned better than ever to serve the need for mental health support across the country, which we believe is at an all-time high.

SELECTED THIRD QUARTER FINANCIAL AND OPERATING RESULTS (1)

Selected Financial Results

(US$) (unaudited)

Q3 2021

Q3 2020

YTD 2021

YTD 2020

Total revenue

13,130,245

12,006,570

38,150,632

33,215,627

Regional operating income (loss)

249,057

967,584

(321,722)

1,482,182

Loss before income taxes

(3,452,023)

(7,667,755)

(18,026,678)

(21,643,193)

Loss for the year and comprehensive loss

(3,452,023)

(7,667,755)

(18,026,678)

(21,643,193)

Loss attributable to the common shareholders of Greenbrook

(3,517,250)

(7,636,132)

(17,919,629)

(21,271,910)

Net loss per share (basic and diluted)(2)

(0.22)

(0.57)

(1.23)

(1.69)

Notes:(1) Please note that additional selected consolidated financial information can be found at the end of this press release.(2) On January 12, 2021, the shareholders of the Company approved a special resolution for an amendment to the Companys articles and authorized a consolidation (the Share Consolidation) of the Companys outstanding Common Shares on the basis of one (1) post-consolidation Common Share for every five (5) pre-consolidation Common Shares. The Share Consolidation was completed on February 1, 2021. The Company has retrospectively presented net loss per share calculations reflecting the number of Common Shares outstanding after giving effect to the Share Consolidation.

Selected Operating Results

As at September 30,

As at September 30,

As at December 31,

(unaudited)

2021

2020

2020

Number of active TMS Centers(1)

127

114

116

Number of TMS Centers-in-development(2)

4

11

9

Total TMS Centers

131

125

125

Number of management regions

13

13

13

Number of TMS Devices installed

214

191

198

Number of regional personnel

350

286

305

Number of shared-services / corporate personnel(3)

58

47

49

Number of TMS providers(4)

126

113

117

Number of consultations performed(5)

10,561

7,718

11,305

Number of patient starts(5)

4,762

4,017

5,445

Number of treatments performed(5)

164,870

141,584

195,992

Average revenue per treatment(5)

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Greenbrook TMS Reports Third Quarter Operational and Financial Results - Business Wire

Company to host conference call and webcast on Thursday, November 18, at 8:30 am ET

LYON, France, November 10, 2021 - EDAP TMS SA (Nasdaq: EDAP), the global leader in therapeutic ultrasound, today announced that it will release its financial results for the third quarter ended September 30, 2021 after the markets close on Wednesday, November 17, 2021.

An accompanying conference call and webcast will be conducted by Marc Oczachowski, Chairman of the Board and Chief Executive Officer, Ryan Rhodes, Chief Executive Officer of EDAP U.S.A., and Franois Dietsch, Chief Financial Officer. The call will be held at 8:30am ET on Thursday, November 18, 2021. Please refer to the information below for conference call dial-in information and webcast registration.

Conference Call & WebcastThursday, November 18th @ 8:30am Eastern TimeDomestic:877-451-6152International: 201-389-0879 Passcode:13724088Webcast: https://viavid.webcasts.com/starthere.jsp?ei=1503943&tp_key=7d846a9985

About EDAP TMS SA

A recognized leader in the global therapeutic ultrasound market,EDAP TMSdevelops, manufactures, promotes and distributes worldwide minimally invasive medical devices for various pathologies using ultrasound technology. By combining the latest technologies in imaging and treatment modalities in its complete range of Robotic HIFU devices,EDAP TMSintroduced the Focal One inEuropeand in the U.S. as an answer to all requirements for ideal prostate tissue ablation. With the addition of the ExactVu Micro-Ultrasound device, EDAP TMS is now the only company offering a complete solution from diagnostics to focal treatment of Prostate Cancer. EDAP TMS also produces and distributes other medical equipment including the Sonolith i-move lithotripter and lasers for the treatment of urinary tract stones using extra-corporeal shockwave lithotripsy (ESWL). For more information on the Company, please visithttp://www.edap-tms.com, andus.hifu-prostate.com.

CONTACTS:Blandine ConfortInvestor Relations / Legal AffairsEDAP TMS SA+33 4 72 15 31 50bconfort@edap-tms.com

Investor ContactJohn FrauncesLifeSci Advisors, LLC917-355-2395jfraunces@lifesciadvisors.com

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EDAP TMS SA to Announce Third Quarter 2021 Financial Results on Wednesday, November 17, 2021 - GlobeNewswire

"LKCM Headwater is excited to provide growth capital for proven products and management teams to accelerate growth.

The new capital investment in Magnus will accelerate growth for the company's enterprise Software-as-a-Service (SaaS) TMS platform in the $700 billion domestic truckload, less-than-truckload, and freight logistics market.

"Most TMS suppliers are still using an outdated client-server technology stack. This requires transportation companies to make large, up-front investments in hardware and software and endure long implementation cycles," said Matt Cartwright, Chief Executive Officer of Magnus Technologies. "Our modern, SaaS-based TMS platform delivers unmatched functionality at higher levels of security, stability and efficiency."

Magnus chose to partner with LKCM Headwater for the private equity firm's solid understanding and experience in transportation and logistics, among other industrial sectors, to help Magnus tackle the complexities of growth.

"LKCM Headwater is excited to provide growth capital for proven products and management teams to accelerate growth. In the case of Magnus, we see an incredible opportunity to partner with Matt and his team to bring an already robust and forward thinking TMS platform to the broader market," said Jonathon Miller, Principal of LKCM Headwater, a private equity firm based in Fort Worth, Texas.

Transportation companies that use legacy client-server TMS have SaaS-based versions of electronic logging devices (ELDs), fuel payments, and many other systems. Cartwright sees an accelerated migration to SaaS-based TMS now that a full, enterprise-class platform is available and can be rapidly deployed by trucking and logistics operations.

"We are super focused on doing fast implementations so our customers will experience minimum disruption," Cartwright said.

Magnus has a deep-rooted history in developing a SaaS-based TMS that meets the complex business needs of auto haulers. In 2017 the company received an initial investment from Carlyle to expand the platform in the full trucking and logistics market.

BCG Digital Ventures invested in 2019, helping Magnus further expand and deepen its TMS to meet the needs of truckload carriers of all sizes. Today the Magnus TMS is used by motor carriers and logistics providers that collectively process billions in freight transactions annually.

Chris Stutzman, Managing Director and Partner, BCG Digital Ventures added, "We are thrilled to be part of Magnus' story, having engagedin the pre-Series Aphase to help shape the product roadmap and business plan to scale."

With the new Series A investment, Magnus will continue to improve its already mature TMS platform with features that give transportation and logistics companies a competitive edge. Magnus is also expanding teams in sales, product implementation and support.

About Magnus Technology GroupMagnus Technology Group, headquartered in Austin Texas, has 20 years of experience designing, developing, and delivering enterprise TMS software. Magnus is the first software provider in the transport and logistics industry to offer an enterprise SaaS-based TMS that is affordable and scalable to fleets of all sizes. The all-new Magnus TMS platform is modular and works seamlessly with the Magnus Driver App and Magnus Carrier Advantage network to deliver a complete, end-to-end mobile dispatch and order fulfillment solution to truckload and LTL fleets for maximizing profitability and growth.

To learn more visit http://www.magnustech.com

SOURCE Magnus Technologies

magnustech.com

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Magnus announces Series A Financing to Accelerate Growth in Trucking Industry - PRNewswire