NOTED: Supply Chain Highlights

---

INVESTMENTS

• Fincart.io, a platform that helps ecommerce SMBs improve shipping, successfully closed its pre-seed funding round for an undisclosed amount. The funds will help improve Fincart.io’s technology platform, grow its courier network, and support the ecommerce market in Africa and the Middle East.

• Overhaul, a supply chain risk management and intelligence company, successfully completed $55 million in equity funding led by Springcoast Partners. The growth investment will fuel Overhaul’s continued advancements in AI and support its strategic acquisition roadmap.

---

SEALED DEALS

↑ Pulp supplier Suzano entered a long-term commercial agreement with AI-powered land use and supply chain management startup, Marvin. Suzano will use Marvin’s land use geospatial intelligence products for yield prediction, water resource and risk management, carbon measurement, and supply chain optimization and traceability.

• United Legwear & Apparel Co. will use TradeBeyond’s AI-powered traceability solutions to manage complex compliance requirements and ensure transparency from raw materials to finished products.

• Mr Fothergill’s Seeds has entered a multi-year partnership with Metro Supply Chain, which will manage Fothergill’s warehousing and pick, pack, and dispatch operations across the seeds, tools, and accessories business.

• Sincronia partnered with Dexory to integrate warehouse intelligence solution DexoryView into its warehouse operations. DexoryView enables Sincronia to conduct daily scans of its warehouse using autonomous robotics.

↑ Saia LTL Freight partnered with Joe Gibbs Racing for a multi-year sponsorship of Ty Gibbs and the No. 54 Toyota Camry XSE in the NASCAR Cup Series.

---

UP THE CHAIN

← Ann Begeman was appointed to the board of directors of CSX Corporation. Her career spans more than three decades in public service.

→ BlueGrace Logistics named Elisabeth Miller as director of parcel. She leads the company’s parcel services department, enhancing its capabilities and integration with existing LTL and truckload offerings.

← The Goodyear Tire & Rubber Company named Don Metzelaar senior vice president, global manufacturing and supply chain. Metzelaar brings more than 30 years of experience leading complex, world-class manufacturing operations.

---

GOOD WORKS

↑ Gebrüder Weiss transported a high-performance photovoltaic system to the Palorinya refugee settlement in northern Uganda, as part of the Solar Power for Palorinya initiative that provides sustainable energy for training workshops that equip refugees with trade skills.

↑ Carolina Handling donated proceeds from sales of its holiday pop-up book, Santa’s One-Stop Integration Shop, presenting a $5,000 check to Literacy Together in Asheville, North Carolina.

---

RECOGNITION

↑ Wabash National named Dayton Freight Lines its 2023 Platinum Award winner. Wabash scored carriers on delivery, quality, cost and service, as well as key initiatives of logistics optimization.

• ADUSA Distribution and ADUSA Transportation, the supply chain operations companies of grocery retail group Ahold Delhaize USA, were named Top Employers in the United States by the Top Employers Institute, which recognizes organizations that are dedicated to cultivating great places to work through excellent human resources policies and people practices.

↑ Hyster Company’s hydrogen fuel cell-powered ReachStacker was named as “one to watch” in the Game Changing Innovation of the Year category of the 2024 Global Good Awards. The award recognizes organizations and leaders who achieve practical, real-world impact for people and the planet that is both scalable and replicable.

• A3 Freight Payment was designated a 2025 FedEx Certified FBAP Provider. The program identifies and honors freight bill, audit, and pay providers that consistently meet FedEx’s stringent internal benchmarks.

↑ Averitt was recognized with multiple awards at the 94th annual Tennessee Trucking Association Convention: 1st Place LTL Carrier Safety Award in the category of 15 million miles and greater, as well as the 2nd Place Truckload For Hire Carrier Safety Award in the category of 7 million miles and greater. The company also was honored with the Clean Diesel Leadership Award for its continued efforts in reducing emissions and promoting environmental stewardship.

---

M&A

↑ LG Electronics secured a majority stake in Bear Robotics, a Silicon Valley-based startup specializing in AI-driven autonomous service robots.

• DHL Supply Chain acquired Inmar Supply Chain Solutions, a division of Inmar Intelligence and a returns solutions provider for the retail ecommerce industry.

• The U.S. Surface Transportation Board approved CN’s acquisition of Iowa Northern Railway Company. The decision allows CN to combine IANR’s 175 route miles with CN’s nearly 20,000-mile rail network to offer single-line service to better connect grain, fertilizer, renewable fuels, and industrial markets to CN’s North American network.

• PITT OHIO Transportation Group plans to acquire LTL carrier Sutton Transport and merge the Midwest-focused company with its existing Dohrn Transfer LTL unit after an initial period of operating the two separately. The merged company will be known as Dohrn LLC.

• YMX Logistics acquired Yard Commander, a yard management system deployed across facilities throughout North America.

• Arvato plans to acquire ATC Computer Transport & Logistics, which provides specialized high-security transport, white glove delivery, and technical services for hyperscale data center operators, high-tech freight forwarders, co-location providers, and SaaS companies.

• Steele Solutions Inc. purchased MiTek Mezzanine’s North American business to increase capacity and enhance service for industrial and warehouse customers across North America.

---