IL-PROJECT44
project44®, the global leader in advanced visibility for shippers and logistics service providers (LSP), today announced that it experienced a record-setting first half of 2020 with a 139% increase in bookings over the same period in 2019, with significant growth coming from global retailers, manufacturers, and distributors in North America and EMEA.
“project44’s momentum accelerates as we continue to unlock the strategic value of our platform with new innovative products, enterprise integrations and partnerships with tech leaders such as SAP and IBM, so together we can deliver greater business success for our customers,” said Jett McCandless, CEO and Founder of project44. “The last six months, when the economy was under immense pressure, have validated that real-time visibility has become an urgent must-have. As a result, project44 has emerged as both a category leader and the industry’s only global, multimodal visibility provider.”
“Our entire business philosophy is based on sustainability. By working with project44, we are looking to achieve even more supply chain sustainability and efficiency through seamless collaboration across our global logistics network,” said Anastasios Tasos Papadopoulos, Director Asset Management and Product Engineering Europe at IFCO Systems GmbH. "The real-time, accurate visibility data from across all modes and regions in a single platform helps us optimize our product flows and support our teams in managing of our shipments efficiently.”
In addition to exceptional business growth, project44 has achieved a number of important milestones, including:
Advanced Visibility Investment: In order to quickly meet the increasing demand for its products and services, project44 recently closed a round of funding which brings the total raised to over $50 million since Series C. The investment will enable the company to continue delivering on product innovation, rapid scalability of network breadth and depth, and global expansion.
Customer Traction : The company significantly increased its customer base in 2020, with key wins including Ferrero International, IFCO Systems GmbH, Lenovo, TIP Trailer Services, UniCarriers Americas Corporation, and more. As part of its rise to the dominant position, project44 is proud to deliver real-time transportation visibility to over 300 enterprise customers, which include the top 3 ranked companies on the Fortune 500 list, 2 of the 3 largest retailers in the world and 8 of the world’s top 10 freight brokerages, among others.
Geographic Expansion: project44’s business in EMEA has increased year-over-year by 303%. The customer community is now actively tracking over 21 million shipments in 120 countries, across North America, EMEA, LATAM, and APAC.
Product Innovation: project44 has quickly accelerated to become the only visibility company to provide one seamless global and multimodal experience . In May, the technology company added air freight and groupage visibility as well as expanded global ocean coverage to its platform. In addition to launching visibility into new modes and regions, project44 has continued to dominate the North American and European over the road markets with the announcement of multiple product advancements including an enhanced, predictive ETA model that calculates a shipment’s arrival status with 91% accuracy, built using data from over 3 million past shipments.
With Network Management Center™ (NMC), project44 continues to expand network onboarding capabilities to enable agility and operational efficiency through the entire transportation ecosystem, especially when fast time to value is critical. In addition to increasing the ways shippers and LSPs can connect to carriers and benefit from increased network stability , the application provides carriers with instant access to project44’s global customer base and, as a result, additional business opportunities.
Network Growth: As the only visibility provider to offer coverage across all modes of transportation, project44 delivers instant access to the most expansive and highest performing global network. This includes connections to more than 760 telematics/ ELD providers, representing 94% of the European market, and over 95% parcel coverage in North America and Europe. The company delivers 99.7% coverage of truckload and less-than-truckload carriers in North America and Europe with the majority consistently tracking over 90% compliance. It also provides ocean coverage for 85% of containers shipped globally and 100% coverage of the Class I and Class II railroads in North America. Earlier this year project44 announced the industry’s first service level agreement (SLA) , which ensures 90% of a shipper’s contracted full truckload carriers in North America and Europe go live within 30 days of commencing implementation.
Industry Recognition: project44 was recognized by SAP as Cloud Integration Partner of the Year for enabling global brands to build more agile supply chains. The winner was chosen based on recommendations from the SAP field, customer feedback, and performance indicators. project44 has placed second, behind only Amazon, on FreightWaves’ 2020 Freight Tech 25 , a list of the most innovative companies across the freight industry.
“Every day thousands of companies trust DSV with their transport orders," said Simon H. Galsgaard, EVP at DSV, the world's fourth largest transport and logistics company. "Operational excellence and efficiency are critical to our business, and so is advanced real-time visibility. With project44, as our preferred visibility provider, we're achieving real-time visibility across the entire DSV fleet of own and subcontracted assets, for the benefit of our customers.”
Learn more about project44 or schedule a demo today.
About project44
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. Leveraging the power of the project44 cloud-based platform, organizations increase operational efficiencies, reduce costs, improve shipping performance, and deliver an exceptional Amazon-like experience to their customers. Connected to thousands of carriers worldwide and having comprehensive coverage for all ELD and telematics devices on the market, project44 supports all transportation modes and shipping types, including Air, Parcel, Final-Mile, Less-than-Truckload, Volume Less-than-Truckload, Groupage, Truckload, Rail, Intermodal, and Ocean. project44 has placed second, behind only Amazon, on FreightWaves’ 2020 Freight Tech 25, a list of the most innovative companies across the freight industry, and received the 2020 SAP® Pinnacle Award as the Cloud Partner Integration of the Year. To learn more, visit www.project44.com .
View source version on businesswire.com: https://www.businesswire.com/news/home/20200630005151/en/
Link:
About Business Wire
Subscribe to releases from Business Wire
Subscribe to all the latest releases from Business Wire by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from Business Wire
LambdaTest and SVAM International Inc. Announce Partnership to Transform Quality Engineering for Businesses26.11.2025 18:00:00 CET | Press release
The alliance empowers enterprises with accelerated SDLC cycles, reduced testing effort, and modern AI-driven digital transformation capabilities LambdaTest, a Gen-AI native quality engineering platform, announced a partnership with SVAM International, Inc., a global leader in digital transformation services. This strategic alliance marks a significant step forward in their mission to transform quality engineering for businesses worldwide. The partnership allows LambdaTest to extend its AI-native quality engineering capabilities into SVAM’s extensive digital transformation ecosystem. By integrating with SVAM’s experience in large-scale application development, testing, and delivery across major New York State and City agencies, as well as their platform expertise across Salesforce, ServiceNow, and Dynamics365, LambdaTest will empower more enterprises to modernize their software delivery pipelines. With LambdaTest’s intelligent test orchestration and execution engine at the core, teams c
GLORY Acquires Remaining Equity Shares in Acrelec Group26.11.2025 16:11:00 CET | Press release
Acrelec becomes a wholly owned subsidiary of Glory Glory Global Solutions (International) Ltd, a wholly-owned subsidiary of GLORY Ltd. [TYO:6457], has announced the acquisition of the remaining equity shares in Acrelec Group SAS. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20251126039437/en/ Acrelec is a global technology company focused on reinventing the customer experience for restaurant and retail brands. Leveraging decades of software, hardware and service expertise, the company develops and integrates new platforms that increase customer engagement, optimize efficiency and improve operations. With over 120,000 installations across more than 70 countries, Acrelec counts many of the world’s best-known restaurant mega-brands among its customers. We announce that Jalel Souissi has left the Acrelec Group following the completion of the recent share acquisition. Jalel Souissi has played a pivotal role in the development and
Andersen Global styrker sin platform i Tyrkiet med tilføjelsen af medlemsvirksomhed26.11.2025 14:49:00 CET | Pressemeddelelse
Andersen Global udvider sin tilstedeværelse i Tyrkiet, efter at Celen Corporate Property Valuation & Counseling Inc. bliver til Andersen i Tyrkiet, hvilket udvider de kompetencer, der tilbydes under Andersen-brandet i landet. Det Istanbul-baserede firma blev stiftet i 1995 og ledes af Managing Partner Guniz Celen med en bred vifte af ydelser til både nationale og internationale kunder. Med ekspertise inden for finansiering af fast ejendom, værdiansættelse af materielle og immaterielle aktiver samt formueforvaltning leverer den tyrkiske afdeling af Andersen løsninger, der understøtter komplekse finansielle beslutninger for kunder i mere end 18 lande. “Vores mission har altid været at levere løsninger på de mest komplekse udfordringer inden for ejendoms- og investeringssektoren,” sagde Guniz. “At blive en del af Andersen-brandet styrker vores kompetencer som en betroet rådgiver og giver os adgang til globale ressourcer, hvilket gør os i stand til at skabe endnu større langsigtet værdi fo
Cegid Acquires Shine to Accelerate the Path of Becoming Europe's Leading Financial Copilot for SMBs and Accountants26.11.2025 14:00:00 CET | Press release
Transformative combination creates a powerhouse for SMBs and accountants, empowering businesses across Europe by integrating leading suites of e-invoicing, digital accounting, business accounts and payments, and HR solutions into a unified platform. Cegid, a European leader in cloud software for finance, accounting, HR, and retail software, and Shine, a fast-growing European fintech unicorn providing digital business accounts and payments, e-invoicing, accounting, and payroll software to small businesses across Europe, announced today that the companies have entered a definitive agreement to join forces to form a European champion and become a leading provider of software for businesses and their accountants. This transformational combination will create the first fully integrated, cloud-native and AI-driven financial hub for SMBs and accounting professionals in Europe – bringing together market-leading capabilities in e-invoicing, accounting, digital business accounts and payments, ta
U.S. FDA Grants Priority Review to Sonrotoclax for the Treatment of Relapsed or Refractory Mantle Cell Lymphoma26.11.2025 12:00:00 CET | Press release
If approved, sonrotoclax will become the first BCL2 inhibitor for R/R MCL in the U.S., addressing a high unmet need in an aggressive cancerSonrotoclax previously received Breakthrough Therapy Designation based on clinically meaningful, rapid responses in R/R MCLBeOne Medicines will present the data supporting the NDA and Priority Review for the first time at ASH 2025 BeOne Medicines Ltd. (Nasdaq: ONC; HKEX: 06160; SSE: 688235), a global oncology company, today announced that the U.S. Food and Drug Administration (FDA) has accepted and granted Priority Review to a New Drug Application (NDA) for sonrotoclax, a next-generation BCL2 inhibitor, for the treatment of adult patients with relapsed or refractory (R/R) mantle cell lymphoma (MCL), following treatment with a Bruton’s tyrosine kinase (BTK) inhibitor. “Sonrotoclax is advancing with remarkable speed, from Breakthrough Therapy Designation to Priority Review, all within a short window,” said Lai Wang, Ph.D., Global Head of R&D at BeOne.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom